Julie Sherden – Katoomba, NSW

Property Development Graduate


Julie found this distressed property after it had been on the market for over 500 days. She was able to secure it for $85k below market value. The property is a 1930’s house in a popular tourist spot in the Blue Mountains. Julie plans to add a granny flat and lists it on Airbnb for a potential yearly cash flow of up to $90k.

The Numbers

These cost include estimated cost of development and estimated profits.

Expenses Cost
Purchase price $535,000
Renovation costs $36,000
Granny flat costs $90,000
Total cost $661,000
Projected final value $830,000 | estimated profit $169k
Profit Rental income p.a. $90k
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