Retire without money worries...
Mr H is in his late 60s and wanting to retire and travel around Australia after his knockdown rebuild and not wanting to have any money worries.
Location: Bulleen
Owner: Mr H
Property size: 700 M/2
Valued: $575,000
Knockdown old home cost: $13,000
Subdivision and planning: $20,000
Rebuild description: Rebuild two double story new homes 21 S/Q
Rebuild cost: $567,000
Total cost of the knockdown rebuild: $600,000
Outcome: Add value of existing home and land $575K + new home build costs $600K = $1,175,000. New homes valued at $680,000 x 2 homes $1,360,000
Gross profit: $185,000