Real Deal

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How Did I Find It?

Site Plan

How Did I Secure It?Even Though It Was A

2 Week Tender?

How Did I Know It Was A Deal?

My Original Plan:Do The Same But Bigger

2013 to 2014…

Doing the Due Diligence

• Services:– Dial Before You Dig– Contour Survey– Land Sloping Away From Street– My Block Didn’t Help– Lucky there was a Stormwater

main in the Street!

The Turning Point In The Design

• Council Contributions for 2 x 3 Bed• 2 x $27,000 = $54,000 (2 New Dwellings)• 1 Bed = $12,000 each, 2 Bed = $18,000 Each • 200 sqm foot print to play with….• What If?????

The NumbersPurchase Price $327,500

Build Price $380,000Renovations $8,500

Contributions, Stamp Duty, Legals, Strata Titling, Town Planning, Council Application Fees,

Agents Comm, GST, Holding Costs ~$190,000Total Cost Base = ~$906,000

Worst Case Sales: 3 x $270k + $240k = $1,050,000Best Case Sales: 3 x $300k + $250k = $1,150,000

What Next?