WM - all yours are between 20-25%
Yokine was meant to cost $2mil with an end val of $2.550 (22%). I did a few quick sums and if things get off the ground now I will scrape about 2%
Holding costs pending.
xplosion - Im assuming your 15% is pre-tax? In which case I would say you are too short.
If anything goes wrong (and trust me - it does), your profit (and then some) vanishes.
Flipping is also a bit risker because you lose 5% on the way out in selling costs, plus you then pay tax on the profits.
The gain depends largely on the project. Buying right is obviously key.
From what I have seen it is difficult to get duplexes at the moment to work. Every man and his dog are buying them, and the prices are therefore inflated.
Even triplexes are becoming difficult - however, there is still plenty around if you are patient and look carefully.
Its difficult to influence the selling price - you are never going to get $1mil for a unit in Balga. Match and spec the property to the market.
You can reduce the buying price to a degree, but this too is limited.
You can manage your building costs
You can reduce your holding costs by increasing the turn around times - but this can be influenced by things outside of your control.
However at the end of the day - it costs what it costs and it is only worth what it is worth. If these numbers dont work on paper, they will never work in reality. Go find another deal of a lifetime.
Blacky