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none of my own money from employment, all funds using OPM. Interest is going to be around 50k plus outgoings 18k = 68k factor in capital allowance and i'm holding these villas for none of my own money. on completion i'd get it revalued and release the available equity into an LOC and wait for...

yep, round the corner from me achieved this price but my villas are actually bigger and better finished in a good street.

hi Blacky if i used the purchase cost of 160k and remove the selling costs my LVR based on 500k each is 65%

hi MTR yes holding off building whilst having the DA from council is an option. another option is to reduce the construction cost by 40k.

when i calculate the yield i'm actually using the original site cost which is 160k not the 400k current value. that way i'm looking at it is its costing nothing to hold whilst the asset is appreciating. am i completely wrong in my analysis?

at $450 pw it'll return 7% which is neutral this is at the low end but these should get between 450 to 500 pw conservatively.

hi Blacky i think you've misunderstood the GST bit, i've not actually registered for it but only making a point that if i were to sell these villas then i'd have to allow for the net gst payable in the gross margin. The decision to proceed forward is the positive cash flow it will provide...

Hiya Folks I'd like to share my journey of a 3 villa development in Beckenham, WA including the feasibility numbers so that those contemplating a similar development in this suburb would have an idea of the cost involved. The Development Site: The site a 3x1 1950s dwelling on 964 sqm was...