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Wow! Thats exxy to build. So each unit is only 140m2 odd internal. Plus a double garage I imagine of about 35m2? Which will take each site up to about 180m2? I think waiting is the right approach at this point in time and see they fall out of sub-prime. Theres still a lot of cobwebs that...

Well played mate. Top work! Now that you've done it once. Would you go through it all again? With the experience and team you've built up so far, could you just buy raw sites and get the DA through and let a builder worry about the hassles of building. I'm sure that will be another challenge...

Well played. On to better and bigger things in 08. Hope the construction estimates come under your budget too. Good luck and Merry X'mas!

Good luck for tomorrow. Hope it all works out.