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Oh really? Who knew! I think that would be the much better way to do it. Will let you know once I found out.

Oh yes! Sorry I missed your point, that is something I will keep in mind the future. Definitely there are pockets of varying values in the suburb so I'll have to be more careful when doing my DD!

In terms of size and quality/design of the property I think both our blocks are comparable. I feel the difference may be in the location, while Kardinya does have some really good pockets to invest in that would have price right up with Booragoon, Booragoon has an advantage from the domino...

Yes, all profit will go right back into the next project. Correction, the Allerton link you posted was the one that was sold for 1m not the listed 930k. Rather weird but need to check again on RP data. I too am really interested to find out the building cost. Gonna call the agent sometime...

I'm dreaming big however still quite realistic in my goal, if I hit my target of 10-15% profit on this I know I would be over the moon. (my number has been crunched for 13% profit minimum.

That said, those are optimistic resale values. Still would be happy with much less, but who doesn't like to dream big!

Just to clear things up, I have been very blessed to be in a well to do family with my dad willing let me have a go in IP from start to finish. If not a 21 year old Master of Pharmacy student could never afford. Thanks for helping me with the calculations guys! :) @MTR - i am budgeting 10% of...

Yeah I have already factored in 44k into the above costing. That's awesome! I've been looking in your market as well ;) Have you found a builder for your project? Care to share? Thanks so much for all of that. So much to consider, good effort for late night post. City to surf time! Dex.

@MTR yeah everything would be payed by cash term. @spluedgey that's the good idea. I'll factor it into the costings

Bought the home outright using a SMSF, no loans.

Recently bought a 735sqm house in Booragoon for 880k. 4 x 2 layout. I really think I've got a good deal for this one. Since it's subdivisible and a 370 sqm single storey home could fetch 1m. At the same time I can retain the exist house. It's current tenanted out till December which would...