Vivianne Dawalibi – Beerwah, QLD
Property Development Graduate
Vivianne found this deal on market, she reached out to local council to receive guidance on what could be built on the piece of land. She has issues with local councils for approvals which did delay things.
Vivianne was able to rent out the existing property on the land and eliminate any holdings costs which gave her much more freedom with time.
These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.
|Construction/ holding costs||$978,000|
|Resale (4x $430,000)||$1,720,000|
- Learn all the required development codes
- Engage a reputable A team
- Ask good questions
- Closely monitor the progress and costs of the project