All Topics / General Property / Land. Cost of development.

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  • Profile photo of Mikey PMikey P
    Participant
    @mikey-p
    Join Date: 2006
    Post Count: 86
    June 28, 2007 - 7:09 am

    I was wondering if anyone has an idea on the cost of developing land. In the Perth i have heard from land developers that it costs over $100,000 per block to develop ie services, taxes etc….? Anyone in the know??
    Cheers
    Mikey P

    Profile photo of Jon ChownJon Chown
    Member
    @jon-chown
    Join Date: 2007
    Post Count: 254
    June 28, 2007 - 10:01 pm

    Mikey, I have a friend who just did a 100 lot subdivision.   He told me that it cost him $50K to produce.   On the other hand we must not confuse the cost to develop with the total cost of Govt and Council fees.   If we were to add Stamp Duty and GST to the equation we would surely be close to the $100K mark.

    Jon

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