can anyone please give me indication of whether im on the right track
its a corne 900sqm block, with an existing shabby house
aim is to tear down and build three
Purchase
$600k
$10k removal
$15k service and utlities connection
$10k for coincil subdvi plus plans
$525k+gst construction for 3 townhoues
$15k council contribution (5% of land value at time of subdiv, land at $300k)
$58k 5% interest for 1 year
total 1233k
sales
$318k+gst x3 = 954k
net LOSS of 279k
or if held onto all three and sold over 5 years so thay gst is not incorpotaed
net loss of $180k odd
is this right eveyone?
its a corne 900sqm block, with an existing shabby house
aim is to tear down and build three
Purchase
$600k
$10k removal
$15k service and utlities connection
$10k for coincil subdvi plus plans
$525k+gst construction for 3 townhoues
$15k council contribution (5% of land value at time of subdiv, land at $300k)
$58k 5% interest for 1 year
total 1233k
sales
$318k+gst x3 = 954k
net LOSS of 279k
or if held onto all three and sold over 5 years so thay gst is not incorpotaed
net loss of $180k odd
is this right eveyone?
development fesability frankston check?
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