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I think I calculate Stumpies gross profit % at 41% if we use original cost. I get WHY we use current values to determine yield/profit BUT all that does in this instance is tell you that you wouldn't purchase at this price in this area for a development. $350k gross/$250k nett 'instant'...

Stumpies returns could be higher. If you take out $45k selling fees as he's holding and keep the contingency money out of it then there is better gross returns. Don't forget if he sells it as is at the moment then he'll have to pay CGT and might only end up with around $250k. If he...