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.

Development progress

Planned drawings

The Number

These costs include the purchase price, stamp duty, holdings, renovations and relevant adjustments, including the selling costs.

Expenses Cost
Purchase Price $355,000
Stamp Duty $10,850
Interest $35,000
Construction/ holding costs $978,000
Agent fees $43,000
Advertising $5,000
Conveyancing $1,600
Total Costs $1,440,000
Resale (4x $430,000) $1,720,000
Projected Profit $280,000

Key Learnings:

  • Learn all the required development codes
  • Engage a reputable A team
  • Ask good questions
  • Closely monitor the progress and costs of the project​

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