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Appreciate your input mate. Development is new to me and I don't want to stuff it. So do my numbers sound ok. Is there anything else anyone wants to add. I have been realistic with values so there should be no hidden suprises

Yeah i think i get what your saying. I was looking at it from a cost to value aspect. Cost $259,000. Value $345,000. Sure the value of the existing property may drop a bit but from what i can tell it will not be by much. My reno added plenty of value so it will probably only drop back close to...

Thats true but i dont know how to work that out. The block is around 500 meters from the CBD and there are few blocks left to compare. There is a corner block opposite me for sale at $260,000 but its 1000 sqm. Mine will be only 400 There are a few 600 sqm blocks a bit further out starting at...

Hi all. This might get a little confusing so bare with me. Current ip 1000 + sqm corner block which i intend to build on the back.Currently cashflow positive by about $40 pw. Current costings for project. Council contributions $ 5,200 Water $ 6,100...