Search results

I'm using your figures for the end value and entry value plus a reasonable estimate of building costs in Melbourne.

So $500k for the land + stamps + interest. 4 x 150 sqm townhouses which will cost you about $800k. You think you can sell for $1.6m all 4 brand new. After adding in costs and deducting GST that means you probably make a profit of $50k....not a good investment or development in anyone's books.

Just search for 'Frankston' for threads in 2008-09 :D

You really love Frangers. Maybe it will change if there are more people like you.

You know the market is booming when people talk about Frangers (yet) again! :)