As an expat Aussie currently living in Canada, but intending to return to Australia in the next six months or so, I dont see much discussion on these boards about building and selling for profits. The focus seems to be on renovating and renting.
Here in Canada I have built and sold for huge profits, can someone tell me, is it not possible to do this in Australia.
Lets say for example, buy an old house on large block, knock it down, subdivide and build a duplex. Is it not possible to make money this way or does the builder take all the profits and there is not enough left for you as the financier of the project. I will be relocating to Sunshine Beach and have already purchased a subdivable block which I intend to do this on, Keeping one side for my PPOR and sell the other. I would be interested in doing other developments in the Brisbane area if its possible to make money. I will be able to finance a project no problem but need to know if its a viable alternative, Perhaps there is somone who would like to do JV on this kind of development. Any input would be welcomeThanks Peter.
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