Case Study – $1.2 Million Profit from Subdivide and sell
Location – South Australia
Purchase Price: $1.46 Million
Strategy: The vendor bought elsewhere so an agent brought this deal to DGI Graduate
Julie. She bought it $140K under market value(discount) by Joint venturing with DGI
Graduate Phil. Originally 35 blocks were approved but Julie worked around the plan
with the town planner to move a road to allow 36 blocks.
Result: Going to subdivide the whole lot and sell off as newly created vacant blocks
of land. This is Julie first deal and forecasted profit is over a million.