Melbourne VIC – Property Development – White Gorilla

This 925sm property with a 3 bedroom house was acquired for $1,020m. It is currently rented out for $450/week. The buyer will spend $1,116m on design,permits, subdivision, holding costs, and construction of 3 x 3 bedroom townhouses. In total, the townhouses will sell for $2,850m. With $90k in associated costs, this will leave the owner with $600k (26%) profit.

To achieve this plan, we worked with the client to understand their financial circumstances and goals, then put together a tailored timeline detailing the cash injections at each stage and how they will get profit in the bank when the project is complete. The project stages and finance to be inject at each stage is set out in the table below:

Time since purchase (months)

Project stage

Finance ($)