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Thats how we do business too. Plan to turn around a development in 18-24 months with 35%+ profit margin on costs at the current market when we start the project. Any market growth is a bonus, not a requirement to make money.

Not sure how you would try to develop property, but for me it isn't a punt, rather run as a business with certainty around profit margins. Certainly not like buying an IP and hoping the market increases in value.

Interesting... so when you have 2 years of tax returns with $500k per year profits from developing they don't consider this income?

Its a best-seller, they will have multiple copies at your local Dymocks.

I'm going through this transition at the moment. I have a fulltime job, running 3 property development projects and want to setup a website, write a book, create a boardgame and buy USA property in the next year. The money I make from property developing takes a significant amount of time to...