A 1,200 square meter block in Casula for $900,000, designated for the development of a freehold, double-storey, four-bedroom H1 house. The construction of three houses on this plot cost $300,000 each, totaling $900,000. Thus, the overall investment for the project amounted to $1.8 million, excluding stamp duty and interest. Upon completion, each house was sold for an average of $820,000, generating a total revenue of just over $2.4 million.
Disclaimer: This is not financial advice, past performance is not indicative of future results. you are required to do your research and draw your own conclusions on the profitability of a project. PM42 is not able to predict future market downturns or interest rate changes and can only act based on the information provided at the time. The project outlined in this article was managed by a contractor of PM42 and not the by company directly.
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