DA for strata title and sell Land
- Immediate development potential
- Good rental yield of 4.5% on existing house which results to low holding costs
Gross Profit in 1.2 Years
$65,355 (Equity)
Rentals covers P&I
| Property Cost | $582,000 |
| Stamp duty | $22,145 |
| Buyer Agent Fee | $15,000 |
| Others | $2,000 |
| Legals | $1,500 |
| Holding Costs | $15,500 |
| DA Costs | $70,000 |
| Costs till DA | $708,145 |
| Agent Fee for selling land | $5,000 |
| Legal Fee (Selling) | $1,500 |
| Total costs | $714,145 |
| Selling Price for Land | $230,000 |
| Holding cost of existing house | $484,645 |
| Existing House value(Rent 550 PW) | $550,000 |
