Short term IP (Land only) in Melbourne

[BlkNite]

Hi guys ,

I am just trying figure out which areas are best in Melbourne and around in where you can buy a piece of land and expect at 15-20% profit (not sure if this expectation is too high) in 6 to 12 months time ?

I am looking to to put 200-220 K in it , keeping LVR ratio to 80%.

Thanks in adv.

 

[S.T]

What does all your extensive research tell you?

 

[BlkNite]

What does all your extensive research tell you?

This post is 1st part of my research

 

[MRO]

I dont think this is realistic.

If it was easy to make 20% on a $200k investment in a completely passive investment in 12 months or less then everyone would be doing it.

Keep in mind you will still need to account for stamp duty, agent fees on sale and holding costs. These would probably account for 10% of the value of the property.

 

[marg4000]

Also CGT.
Marg

 

[S.T]

This post is 1st part of my research

Cant wait to see what the 2nd part of your research is.

 

[BlkNite]

Cant wait to see what the 2nd part of your research is.

That's it research ends here , this was stupid enough post !