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What size block is that on? My direct boss does a lot of similar deals but in blue chip suburbs. Buy, demolish and build for cost and sell. Always minimum 20% in the deal due to cheap build costs. Once I have the money I can hopefully do similar with my builders ticket (which is now...

Should make a triplex. I presume 2 storey would be the way in Yokine? So perhaps $1.2m construction of 3 double storeys with Danmar or someone. Would need to sell for $900k each then to hit your 25% margin (very rough figures I am talking), and that is in a perfect world. What do...