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Brilliant result, congrats!

congrats! btw they usually give a discount if picked up within 14 days...

Looks great myf. Staging js such a vital part of the sale process imo, I don't think I've sold a single place since around 2009 without it being staged, unless it was land value etc

i disagree with this, i think a block this size (from memory it's around 1300sqm) less than 12km from the CBD in sydney wouldve likely ended up being apartments. it is roughly the same distance from CBD as say maroubra or earlwood

ah small world, i met kevin and stephen 2 nights ago

which builder are you using blacky? great work myf!

Might be worth double checking that Myf. I'm no tax expert but I suspect buying a block of land, immediately building 3 apartments and then selling some would be considered developing not investing and so they would be "trading stock" if I remember the term correctly. You would then have to...

I doubt there would be any CGT, surely this is an income making exercise and not a capital one? I guess it boils down to how long we think prices can keep growing, when i see 50sqm apartments in inglewood selling for $500k i cant help but think it isnt sustainable long term.

Are you planning on selling any of these? I was always planning on holding on to a few of units in my Maylands and Perth developments but will prob sell an extra one each to take advantage of current market.

Either EOS or Bird Property Group i guess.

When did you apply for your DA? I think starting construction next month would be a bit of a stretch but a great effort if you pull it off