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Dont stress about this - you will find out soon enough :eek::D:p Blacky

Any update Wylie?

oh - and keep us updated with your progress :)

Hi Wylie Your numbers are starting to clear up for me. Your total development cost is $2,650,000 ($1.4mil current undeveloped land + $1.25m Construction). End value of $3.6mil or 26% Which is fine. I must admit I am still a bit concerned with your funding plan. Please please...

Ok - Im trying to piece together your thread. You have two blocks valued at approx $500k and $530k respectively. Total current value is $1,030,000. Add build cost of $1,250,000 for a total development cost of $2,280,000. From this you will end up with 4 townhouses, plus two blocks...

Wylie You are saying your costs to construct are $1.25mil. Which sounds resonable depending on your opinion of "high" quality finieshes. Have you factered holding costs (interest, land tax, rates etc). Also add in some contigency. What about finance cost and convayencing? What are the end...

For details on how not to do a development, read my thread "life - it's not all beer and skittles". I don't have time now, but will give you my thoughts later. Blacky