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Yeah, I know what you mean, there seems to be a little "feeding frenzy" going on at the moment for devvy sites in Perth... For example, had my eye on a triplex site in Innaloo that hit the market on Sunday, right next door to pretty much an identical property that had sold for $670k a couple...

Hey Messmorph, The key to completing a successful development is to spend a while getting to know the market that you are going to sell in. Once you know how much similar properties are going to sell for TODAY, you can then work backwards with your (semi)fixed costs, construction costs and...