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The extra costs would be for any extra cost for surveying, WAPC and landgate subdivision fees, settlement fees etc. Yeah not house for demolition but as MTR said earthworks can be expensive or so I've heard.

Assuming the landscape allows you to do a triplex. And they accept your 500k offer. With stamp duty and demolition (~50k? Price going up next year due to levy) each block you are looking at 190k, not even taking into account on earthworks (if needed), consulting and bunch of other fees here...

I'm currently waiting to start a simple duplex subdivision work December/January. Not particularly thinking of doing apartments at the moment but just for knowledge sake, it doesn't harm to know right? Thanks SanJ!

I'm still trying to wrap my head around how to determine the number of apartments (multiple dwellings) I can build for R30 and above, it's not listed on pg 58 Here is a mock calculation, I have a block 1030sqm and it's zone R60. I could technically built 8 townhouses on the block right...

I guess if you know of rich overseas investors who are willing to buy a nice home for their family to stay while they are studying or whatever the reason, then you actually have a broader market? The majority of us would be targeting different niche markets even in Perth, but it seems that...

Yeah I would want to appeal to a bigger market and like you said higher risk and tying down a fair amount of money on 1 investment

Like this? http://www.realestate.com.au/property-house-wa-mount%20pleasant-118097811 If you have the capital to do so? haha (no calculation were made)

WM for your calculations how do you get your figures for a turn-key villa? I would think apartment would be the way to go, but wouldn't the building cost go up significantly?

What about Thornlie (proposed rezoning), Maddington (affordable large pieces of land)?

My thought are the same for Willagee. Took a look the the Arkwell houses, dad was very interested cause of the number of apartments that could be made (can't recall the exact number). But once we saw that it was on quite a deep down slope, interest was loss.