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That's an interesting question... although, there have been sales of newly built houses in these new developments. Some people don't want to go through the process of buying land, building, waiting... etc. They prefer to see a new house ready to live in and just buy it. Sometimes they are not...

market in the sunshine coast Bigtone, I'd be interested to find out what makes you say that? Have you got any hard facts to back this claim? This is probably the biggest risk in this investment and if you are right that definitely kills it. Cheers

Yes, the risk seems big if the market is not performing. As for finding a more profitable deal with less risk, that would be handy :) I would like to do a development as I don't want to hold the property. I'm trying to raise some cash to buy a PPOR in the near future so want to sell and go...

Sailesh, $210,000 for building is spot on. The question I have is in relation the ups and downs you've mentioned. How can that be determined in the current market. Where could I get some indicators for the area? From what you've said, your clients did well in the area.

Hi All, I'm considering buying some land to build a house with the intention to sell it on completion. The idea is to make between $20,000 and $30,000 without holding the asset (and liability). I've been offered a deal in the Sunshine Coast (Caloundra) in one of Australand's estates...

That makes a lot of sense to me! I'll try a quote with a higher excess...

Got an online quote with EBM and the Platinum product comes up at $934 :eek: Competitive, but still around the same as westpac...

Yeah Steve, a broker is a good idea. However, I've already done quite a bit of the legwork this time around, so will carry this one through to the end. Almost getting there. Cheers

Hi Sash, EBM seems good. Have you or anyone you know ever made a claim with these guys? Cheers

I got a few quotes and the best I found was Westpac: $700 for bulding $259 landlord's protection Total: $959 Excess: $500 House with 3 bedrooms in Lethbridge Park I've seen a few people in this forum suggesting AAMI is the way to go for Building/Landlords insurance in NSW and also...