$30,689 Profit on Auckland Property Trade

•Purchase Price: $573,913 excl gst

•Sale Price: $695,652 excl

•Renovation Cost: $56,000 excl

•Holding Costs: $10,500

•Solicitor: $2,900 excl

•Incidentals: $750 excl

•Agent Fee: $20,900 excl

•Total Costs: $91,050

•Gross Profit: $30,689 (Pre-tax, after GST)