Karen Baldwin – Morphett Vale, SA

Property Development Graduate


This Morphett Vale deal was another property that Karen sourced through her RP Data research and letter-writing campaign. It is a beautiful “landmark” property (originally the “Trinity Winery”) that belonged to an older couple looking to move back to Perth. Karen subdivided the property into 4 community title allotments with the support of money partners. Upon the resale of the 4 properties, Karen made a combined profit of $203,500.

The Numbers

These cost include estimated cost of development and estimated profits.

Expenses Cost
Purchase price $340,000
Purchase costs $17,000
Development costs $50,000
Tree removal $15,000
Holding costs $2,000
Finance costs $12,500
Total cost $436,500
Resale (4 x $160,000) $640,000
Profit $203,500
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