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soupy

  • Delta Strategic Holdings replied to the topic Investing in Mernda in the forum General Property 8 years, 11 months ago

    @soupy

    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.

soupy

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