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Im not trying to be condescending but a couple of questions: 1. Are you factoring in net profit (after taxes, GST, capital gains, etc)? 2. Are you factoring the return at today's rate or at the time of purchase? My point is that Sydney has increased a fair bit in the last 9 months so its...

Its very hard making money on a 2 dwelling development in Sydney even if you were a builder. Many things to consider when developing. Start of making a list of all the expenses and there are plenty of things you didn't know existed.