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Hi, well my contribution would be around $2mil. Like you said, the build of 15 units would be around $3mil. At $600k per apartment, 8 for me and 7 for the builder would be what i'd be hoping for! Any less than that and it's not worth it :) So you may have raised a valid point, is...

That's a good point, the trust factor is a big one :) I guess the profit different between reno and dev is large, $200k vs $1mil. I don't plan to sell so I would be able to revalue and pull out the equity in theory. The duration will be 3 months for a reno vs 2-3 years for a build. So that's...

Hi, I own a 560sqrm block in a good central location in Melbourne. Currently there are two stand alone buildings on this block. Each building has 2 levels. Each level is 1 x 3 bedroom apartment. So at the moment there are 4 art-deco apartments on this block. I could renovate and...