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  1. T

    Dev block in Belmont Perth - pls check my figures and tell me if I am mad or not.

    +1. Put what I was thinking better than I could. And some very sage advice from someone who knows the Belmont area very well.
  2. T

    Dev block in Belmont Perth - pls check my figures and tell me if I am mad or not.

    I'm always of the view that if you're buying development land, you need you have a fairly good idea of how to develop it. Otherwise you're just taking a very big gamble as to what its actual value is. Doubly so if you're holding it longer term - highest and best use etc. Do you know how...
  3. T

    Dev block in Belmont Perth - pls check my figures and tell me if I am mad or not.

    Uh, wheres the part of your calculations with the exit strategy? You've just put the part where you lose money every month!
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