Hey All,
Just keen to get peoples feedback on potential profitable development sites for around 400k in Melbourne. Toward the end of the year I am looking at a potential duplex or 3*townhouse development.
Would be roughly looking to spend 400k on the site and then another 600k on the build (including subdivision and holding). So in order to make 15-20% I would need to be selling them for 1.2mil.
I have had my eye on Albion, Tullamarine, Glenroy, Fawkner and Thomastown. The numbers can stack up if you buy right I believe in these areas and I am also considering them if I was to choose to hold one as well as I believe they all have good capital growth potential.
Interested to hear peoples feedback on these suburbs but also others as well.
Thanks in advance
Just keen to get peoples feedback on potential profitable development sites for around 400k in Melbourne. Toward the end of the year I am looking at a potential duplex or 3*townhouse development.
Would be roughly looking to spend 400k on the site and then another 600k on the build (including subdivision and holding). So in order to make 15-20% I would need to be selling them for 1.2mil.
I have had my eye on Albion, Tullamarine, Glenroy, Fawkner and Thomastown. The numbers can stack up if you buy right I believe in these areas and I am also considering them if I was to choose to hold one as well as I believe they all have good capital growth potential.
Interested to hear peoples feedback on these suburbs but also others as well.
Thanks in advance