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Yes my SS is showing more profit from developing than from just subdividing and selling but obviously more risk is involved in developing. Also I think you need at least 30% deposit for a construction loan (70% LVR) so it looks like you need to have some serious cash behind you before you dip...

Hi - not doing anything at the moment, just doing some spreadsheet scenarios. Also potentially looking at developing scenarios to see if the returns are worth the risk cheers

Hi Alunya, I was thinking that you could use the same methodology as the valuer (such as using the UIV from council valuations or $/m2 for the area etc) , document your assumptions and then come to a $ value conclusion. In case your audited by the ATO, you could pull out your report with all...

Thanks - so I guess the consensus is that i need an independent valuer and cant do the valuation myself?

Hi RPI, Many thanks for your reply. so based on what you are saying, if the valuer said that the 400m2 block was worth $120k at time of purchase and i sold it for $300k today then the rough calc for cost base would be $300k - $120k = $180k. is this correct? I wonder if the Ato would...

Hi guys, I am trying to do "what if" scenarios on a property to see what potential profit would be achieved If i subdivide. Need to work out what CGT would be paid if I subdivide and sell . Facts are: Land size = 800m2 with 1 freestanding dwelling on it. Wish to subdivide, creating two...