Carlisle, Western Australia
- Thread starter perthguy
- Start date
The Yokine wasn't a great deal but it was better than the Carlisle deal. The Yokine one would have had much better rent potential too.
Did your sums just add up to losing money?
The cost is probably less than 800k to build a simple two storey apartments - work on around $2000/m2 for two storey dwellings.
Its rather unattractive isn't it? Yet stuff like that is still selling - it's quite scary.
I'm not sure it is. The latest batch in the City of Belmont seem overpriced and dead in the water. I have been meaning to set up a watch list but have not got to it yet.
Westminster, I came out with a $200,000 profit lol, but I added it up wrong and didn't take into account marketing RE fees and set the sale of the units way too high. hence the reason I'd never take on one of these projects myself - maybe one day, but not for a first IP.
The subdivision/headworks etc are also exponentially more - 4 dwellings can be $20k just for Western Power!
It's not for the fainthearted - I have so many more grey hairs now.
Ah, just get the hair dyed back to its natural colour, I do 
Someone here suggested I get help from someone like Stratawise when I was in my *can I develop???* phase. I never contacted them as I pretty quickly dropped the developing idea - still want to learn about it tho hence continuing development questions - how would they work?
I assume they don't do it for free
Someone here suggested I get help from someone like Stratawise when I was in my *can I develop???* phase. I never contacted them as I pretty quickly dropped the developing idea - still want to learn about it tho hence continuing development questions - how would they work?
I assume they don't do it for free
Ah, just get the hair dyed back to its natural colour, I do
Someone here suggested I get help from someone like Stratawise when I was in my *can I develop???* phase. I never contacted them as I pretty quickly dropped the developing idea - still want to learn about it tho hence continuing development questions - how would they work?
I assume they don't do it for free
Many of them do, do it for free but there is still a lot you need to know. If you own a block they may do up a conceptual design and rough estimate of costs.
They would be worthwhile talking to, to get some estimates on building costs for retain and build.
Maybe later, I actually have my plan of attack now. Meeting with MB on Friday, super excited about that (someone from the forum); and have appointed a buyer's agent in Brisbane (also recommended by the forum).
Even if I had all the knowledge, and I have only just learned it costs $30K + to subdivide ... so far short of knowing really anything about developing, I have a business to run and kids aged 3 1/2 and 1 1/2 ... and a masters program to go back to at some stage - I don't have time.
But I love learning stuff.
Even if I had all the knowledge, and I have only just learned it costs $30K + to subdivide ... so far short of knowing really anything about developing, I have a business to run and kids aged 3 1/2 and 1 1/2 ... and a masters program to go back to at some stage - I don't have time.
But I love learning stuff.
Congrats - getting things rolling is always exciting.
Has a price now. $869,000-$899,000. Tell 'em they're dreaming!
Ah, those duplexes aren't something you'd send straight to the pool room.
Under offer with a new agent. I can't believe it!
http://www.realestate.com.au/property-duplex+semi+detached-wa-carlisle-116651371
http://www.realestate.com.au/property-duplex+semi+detached-wa-carlisle-116651371
