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From: Rukmal Setunge


How much do you pay for land area per townhouse in a development site in Chermside area in Brisbane. One real estate agent is telling me its worth about $75,000 per townhouse. Your thoughts will be really appreciated. Three bed room town houses in this area is selling for $240,000.

Sharing of any of your experiences on council approvals will also be appreciated (say for three townhouses, the min. area of land etc.)
 
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From: Sergey Golovin


$75K for the land, $75K for the townhouse and the rest of it $90K is make up?

Do not quote me on that one, just guessing.

Serge.
 
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