N06QSME video · 0:45
The walk-away number
Our auction budget was a vibe. QSME's rough feasibility works backwards from the margin you want to keep to the most you can pay for the land. Illustrative numbers, not financial advice.
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What this shows in QSME
The rough feasibility in QSME site research takes the sale price and the build cost and works backwards to the most you could pay for the land and still keep your margin. A number to bid with, not a feeling. It is not financial advice.
Transcript
Our auction budget? A vibe. So we ran the numbers. Sale price, one-point-two. Land price? The vibe. Twenty-four percent. Sweet as. Then the builder's real rate. Margin goes red. Ouch. QSME works backwards: to keep twenty percent, the most we can pay for the land is nine-seventeen. The walk-away number.
Next morning, note's on the paddle. Going once. Paddle stays down. Lost the auction, kept the margin. Bid with a number, not a feeling. Small print: not financial advice. Run your numbers before the room does. Sign up at qsme.co.nz.
Dramatised: names, jobs and businesses are fictional, and on-screen data is illustrative.