Yes, I came to Australia 13 years ago, bought first home almost 12 years ago for $ 250K sold it for $ 385K 6 years later reduced mortgage to $ 120K, upgraded and bought for $ 680K with a mortgage of $ 445K in 2007. Now the PPOR is worth $ 850K mortgage (@ $ 200K) will be paid off in July when...
Hi Paul,
I have done land subdivision , duplex and small strata subdivision for 6 units. Many people are pursuing the same strategy. I found the first two strategies have no money unless you are a builder . I made some money in the third strategy buy just flicking the site.....
Regards
hitendra
- Stormwater detention costs can kill the project. We built a duplex in Wentworthville in 2012 . The council approved stormwater detention tank at the front as an underground tank with a suspended driveway which cost us $ 50000
- Surveyors fees, I strongly suggest you check their total fees...