How much for this Family Home + separate Granny flat House in

[@andrewe2543]

As a Builder without knowing the address and the frontage the fact that its a duplex site at 670sqm, I would of taken it at $4M to be honest because you can develop it into a nice luxury duplex basement site and earn some good profit. However $4M is the max I would pay for it anything more then that your running a risk. I tend to buy duplex sites at the $3.7M mark knock down rebuild type of home. $3.7M because this price you can mitigate risk. As a builder, spending those millions might be better allocated toward a non-duplex site with a lower initial outlay. By building a high-end, luxury double-story home, you could achieve a similar return percentage on a smaller site as you would with this duplex site. I dont understand why vendors get overly exited when its a duplex site, as a Builder a duplex site or a non duplex site dosent make any difference to me, as Buidlers we are making the same percentage on ROI. Vendor should of taken the deal 100%! Tom - What is the address of this site?

[@javierlorenzo7138]

I am pretty sure its 25 Barnstaple road in five dock

[@bevis90]

Did the property actually sell??

[@zenmachine50]

tell me this is not wrong. this property was passed in at $4m. How is this possible? greed. that's all I can think

[@kevinbennett2208]

It’s never worth 4 million. Not in a million years

[@JR-ov7cc]

Is this guy for real…nobody cares mate! 😂😂😂