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Thats great Brendon, pleased to hear it is going smoothly for you.

Hi Rightvalue, This is something that frustrates me no end. If you ever see a brand new 3 townhouse development being sold for $270k less than it would be worth when strata titled, please let me know, as I would buy it in a flash. This simply doesn't reflect the reality of how commercial...

The reason is that you are comparing options: option a) don't develop - value = $350k option b) do develop - value = $350k + extra equity of $70k from the development. People can otherwise trick themselves into thinking that the development is what gained them $70k + $160k = $230k when in...

I'm with you starter. Historical cost isn't important, the difference in value between selling as is and doing the development is what you need to assess.