Vivianne Dawalibi – Beerwah, QLD

Property Development Graduate

Background

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.

Initial 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 $545,000
Purchase costs $4,250
Stamp duty $27,250
Development costs $776,743
Holding Costs $28,500
Total Costs $1,381,743
Estimated costs of sale $38,400
Expected sale price $1,660,000
Projected Profit $239,857

Key Learnings:

  • Every lead is worth exploring
  • Negotiation skills are very important – negotiated a 6 month settlement period by which time I had started processing the building permit papers.
  • Be an area expert – I was able to negotiate below market
  • Create strong rapport with real estate agents

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