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Lurnea

Writer's picture: PM42PM42

Updated: Jun 23, 2024



Two Torrens title houses on a 690 square metre block in Linnea were acquired for $400,000. The construction of the two-story residences cost an additional $600,000, bringing the total investment to $1 million, excluding stamp duty and interest. Upon completion, each house was sold for $690,000 and $695,000 respectively, resulting in a combined sale price of just under $1.4 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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