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目前Penrith 很多R3 R4新出的地皮。可自主,可简单投资,也可开发。
Purchase:
Purchased a DA approved site for 5 x 2 bedroom townhouses at auction in June 2015.
Although I had done the numbers prior to the auction – I hadn’t seen the site until the day of the auction. It’s a good flat block with brand new colourbond fencing on all 3 sides of the block that is going to save a few dollars down the track.
I plan to commence construction February 2016.
I am using the same builder as my Baulkham Hills project and I am getting him to do everything including most of the CC (CC drawings, hydraulics, landscaping, easement, construction, etc)
Numbers:
Purchase Price: $805,000
Stamps and Legals: $35,000
S94 and s73: $20,000
Misc Costs: $5,000
Holding Costs: $75,000 (approx.)
Construction: $910,000 (including GST)
Total: $1,850,000
Resales/Revalue @ $440,000: $2,200,000
Gross Profit $440,000: $350,000
Resales/Revalue @ $460,000: $2,300,000
Gross Profit $460,000: $450,000
This is very much a get in and get out project so im planning to build and sell as quickly as possible. At this stage im planning to sell 4 and keep 1.
End debt against the remaining townhouse will be at most $90,000. Plan is to then leverage against this project and BH project and re-invest the funds in the next project.
Finance is residential - 80% of in one line value. |
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