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Correct :o Profit is 75k at a margin of ~14% I guess you're right though, to get a true cost, you would probably have to factor in the relevant % of purchase costs and holding costs. The other thing I didn't factor in was capital gains. Reworked, it would come out at roughly 50k...

For the first one I wont be using finance, as I only intend to subdivide and sell the land, initial estimates will be about 35k for subdivision and agents selling fees on top of that. I think rear vacant blocks are probably the slowest things to sell in the area at the moment, however some...

Hi Bcoombs, I'm just about to undertake something similar, planning to subdivide, keep the front house and sell off the rear block. I'm just wondering if you've done a fair bit of this, what sort of margins to you work on, i.e. does there need to be a certain % profit in the development for...