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Thanks for the heads up, I was told otherwise, will be meeting accountant in Feb so will clarify further. MTR:)

Absolutely, I think that is exactly what happens in a rising market, the land goes up, and that is the point. Do you take the money and run?? or do you build. I make much more with the build, however I then have to pay GST and don't get the 50% discount on CGT and it will take 7 months to...

Thanks, this is net, these were the original figures but I believe end value is higher now. We will, I just did not want to be bothered building, but it actually makes sense to do this now.:)

I will make around 25% profit if I build myself. I placed it on the market at what I wanted/my profit, if I can make enough money without building happy to do so, and do it again or build. Land has gone up in value since I purchased, that's my profit. Location I am told will also achieve...

I have just completed this in Melb, threw it on the market however the builders would not pay what I wanted, came close but not close enough so I will build myself now. At then of the day I think the big one besides what Sanj mentioned is how much fat is in it for the builder, they want to...