Multi Option Development Site – WA

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​
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

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