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Absolutely, a quick search on realestate.com reveals that: http://www.realestate.com.au/sold/property-townhouse-apartment-unit+apartment-between-700000-900000-in-keilor+east%2c+vic+3033/list-1?source=refinements

JP's business partner is a builder so the numbers stack up quite easily. 500k purchase plus closing costs. http://www.realestate.com.au/property-house-vic-keilor+east-118900619 600k subdivision, construction, holding would equal his 1.1mil outlay. Without a builder I highly doubt you could...

Hey All, JP - Where is your site? I live in Niddrie so next door to you! I think EK has just jumped out of my reach of affordability. I am a big believer in the ripple effect which is why I am keen on tulla. EK, APW and Niddrie have all gone and Tulla is still affordable. Bumble and mind...

Hey All, Just keen to get peoples feedback on potential profitable development sites for around 400k in Melbourne. Toward the end of the year I am looking at a potential duplex or 3*townhouse development. Would be roughly looking to spend 400k on the site and then another 600k on the build...