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sorry, one other thing. I agree 100% with GOOLS. Don't underestimate the time involved in doing this. I built a duplex in Cessnock, NSW. I had to get plans drawn up and a DA approved by the council, then build the places. The build time was 6 months...however total project completion...

I think that the holding costs in your spreadsheet appear to be a little low:- Some assumptions:- Borrow 100% - i.e. 20% deposit comes from one of your other properties. DA approval process = 4 months Build time = 6 months. Total completion time of project is 10 months. Interest Rate =...