Example Fees

Block of units

Strategy

Strata and refinance – Buy a block of units on one title and strata into 5 separate units.

Buy block of units: 5 X $140,000 per unit = $700,000

Spend $150,000 on Strata/ Council Fees/ Buyers Fee/ Stamp Duty = $850,000

Re-value Units: 5 X $190,000 per unit = $950,000

Engagement Fee: $950.00

Success Fee: $9,995.00

Total Fees: $10,945.00

Profit: $100,000 in 12-24 months

Residential block of land

Strategy

Subdivide and sell – Subdivide one block of land into 3 blocks.

Buy Block of Land = $150,000

Spend $45,000 on Subdivision/ Council/ Buyers Fee/ Fence and Stamp Duty.

= $195,000

Sell 3 blocks at $80,000 each = $240,000

Engagement Fee: $950.00

Success Fee: $8,495.00

Total Fees: $9,445.00

Profit: $45,000 in 12-18 months.