- Joined
- 6 January 2009
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Really.
I have say 3000 square meters at say on the esplanade for 1.6 mill.
I can place 9 X 2 story 260 meter Apartment/Town houses on it.
I build them at $1500/ square meter.
I sell them for average of $950k each.
$1.91M profit = (9x260x1500 building cost)-$1.6M intial setup
Australia is truly the land of sunshine and lollipops for those with no fear, persistence and persecution.
+ you are helping a social need, more housing abet a little over the median house value but still helping the cause.
Cheers and have a good evening