| Land |
$118,000
|
|
| Stamp Duty |
2,500
|
|
| Legals |
1,500
|
|
| Construction |
353,000
|
(two 4 bedroom detached houses) |
| TOTAL |
$475,000
|
|
| Holding Costs |
25,000
|
|
|
$500,000
|
|
|
|
|
| Resale $300K x 2 |
|
$600,000 |
| Gross Profit |
$100,000
|
|
| On average the gross profit could range between $60,000 and $100,000. |
Should you decide to hold as an investment your weekly cost after tax benefits are
|
| Based on $50k income – approximately $50 per week for both properties!! |
| Based on $75k income – approximately $-24 per week (positively geared) |
Let me discuss this in more detail…
This paper has of necessity dealt with matters of a technical nature in general terms and it is an example only. You should contact your Accountant for detailed information on any of the matters contained in this paper and no responsibility for loss occasioned to any person acting or refraining from action in reliance on the material in this page can be accepted.
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