I know its a how long is a piece of string question, but can any just roughly verify these figures please, for 15 town house site
Expenses
Land: $530k
Plans/Permits: $30k
Construction: Low end build $170k per dwelling turn key
2550k
Misc: $50k
Agency Costs: 2.2%=$112k
Holding costs: 18 months: $240k
TOTAL: $3547
Income:
$340k x 15 =$309k+GSTx 15=$4635k
$1088k profit, ROI=30.6%
Its in the maitland area
Expenses
Land: $530k
Plans/Permits: $30k
Construction: Low end build $170k per dwelling turn key
2550k
Misc: $50k
Agency Costs: 2.2%=$112k
Holding costs: 18 months: $240k
TOTAL: $3547
Income:
$340k x 15 =$309k+GSTx 15=$4635k
$1088k profit, ROI=30.6%
Its in the maitland area