Delta Strategic Holdings replied to the topic Investing in Mernda in the forum General Property 8 years, 11 months ago
Developers don’t rarely get land from farmers for nothing and make millions. Unless your name is Facey (jokes).
Do developers typically make between 15-30% returns, yes. Do they risk millions to do this. Yes. Is it the glory business it once was. No.
The biggest winners in development are local council, SRO and ATO.
I personally…[Read more]
Vishal replied to the topic Investing in Mernda in the forum General Property 8 years, 11 months ago
Thank you @soupy. Makes sense, I was also looking at truganina but heard similar things that its cheap because its far.