Have a chat with my old man, Frank Perry (http://www.townplanning.com.au). In twerms of those areas you mentioned, in Knox he did most of the planning on the expansion of Knox City Shopping Centre, Dandenong he rezoned the land that is now Somerfield Estate (2000 lots) and has worked for years on Dandenong Plaza and Parkmore Shopping centres, in…[Read more]

Hi Admos, Try EcoU Homes http://www.ecouhomes.com they are based in Bundaberg but are becoming active up in Gladstone. I know Brad, who runs the company, well and have had numerous business dealing with him. RegaerdsAlistair

raymond123 wrote:
What are some typical line fee rates?

2% is typical for a line fee at the moment, it all depends on how they price the rest of the deal though.

Unfortunately I think you will find this will not be the case. The US buyers agent thing has been going on for years, it was popular for a perioid pre financial crisis, with people buying in upstate New York and the latest round has just been a revival of this in otrher areas. Likely it will go quiet for a while and then will come back as soon as…[Read more]

Qlds007 wrote:
Alistair my sentiments exactly.Ray seems to think that his local lender will approve the loan without any prior experience and that pre-sales are not a problem (might have to get him to market some of our projects) given that he is in the construction industry so all good there !!Must admit 8.5% seems like a jolly good rate for a…[Read more]

raymond123 wrote:
Hey guys thanks for the replies. Just to clarify, We do work in the construction industry, but this project will not be built by us. We are just acting as the developers. We have an independent builder taking on all aspects of construction not us. All the information i am giving you is straight from the lenders mouth. i am not…[Read more]

raymond123 wrote:
Appreciate the comments.  Richard, thanks for your response. I have already spoken to a few lenders but just briefly over the phone. Pre-sales are a must which is not a problem. and this is our first project but we work in the construction industry so the lenders werent to fussed about the issue and they were the ones hinting…[Read more]

Magpie2010 wrote:
Thanks Kris, excellent info.. helped clear the issue up in my head. I'll check on the land tax issue as I was intending on using the same trust to hold the 2nd property to save money… but this may backfire if what you have suggested has meritI have tried to avoid headlease agreements with NRAS. There are some good properties…[Read more]

Most lenders look at % of costs and % of end value when considering a maximum loan amount. You can include site costs in the construction loan as long as it can be catered for inside the loan limit. However, you won't get 75% of the end value, more likely somewhere between 65% and 70%. If you acheive presales then you increase the likelihood tha…[Read more]

Hi Aalii,Because of your income you would only be able to qualify for a loan with interest capitalisation. It will be more expensive, but you need to out this into the context of the time period of the loan. If interesst cost is a real factor in whether you do the development or not then you probably shouldn't consider it. The most imprtant…[Read more]

I suggest you call Betty from Forex Sport, details below.Betty LentakisDirectorForex Sport ABN 22 147 363 175AFSL 401379m. +61 (0) 401819316  | t. 1300 727 704  or  +61 3 90081880  Level 3/170 Elgin StreetCarlton VIC Australia 3053http://www.forexsport.com

Hi Paul,There are lots of options avauilable to you. Nigel, who has answered your post already would be a very good option. I have many clients in common with Nigel and am happy to recommend him. There are also plenty of others, some of the better ones that I know of are RESULTS and Jennie Brown. I also have numerous clients in their respective…[Read more]

Anyone who is interested in the US should go and hear what Nigel has to say. What he is doing over there is certainly different to anybody else and he has actually worked on the ground, in realestate, in the areas that he deals. He's a great get for your meeting Troy, I'm sure people will really enjoy the session.RegardsAlistair

Nickelbug2 wrote:
We purchased a program through Cashflow Capital Pty Ltd.  They offered: * mentoring for life (which after a couple of months hasn't eventuated yet) * full education service to help you to the next level of investing (?)* 4 one on one meetings per year with a mentor (who's since left company) and a personal property coach and…[Read more]

Nigel Kibel wrote:
I also provide not only advocay but education and other ideas such as directly investing in development projects. I am also based in Melbourne. I would be only to happy to have a chat

I highly recommend Nigel, he has been in this game for a long time. In an industry filled with fly by nighters I don't think there is a higher…[Read more]

If you paid cash for the block, it will be relatively easy to get finance for the contruction. If you want interest cap then there will be no servicing requirement. You can use any of the major banks and a large number of others lenders to do a deal like this.RegardsAlistair

Depends on how much, where, what type of property, the lease and your personal financial position. Commercial loans are not like residential loans where you can just look up a carded rate. There are some commercial loans that operate like this but most, particulalry the larger ones are priced for risk. Sorry to be so unhelpful, but it is not a…[Read more]

I would suggest not using any of those banks directly, set up a mult-currency account with Forexsport. You can do it from Australia, have money in $US, A$ and/or multiple other currencies. It costs nothing to set up and you can do everything from Australia. Contact person is Betty Lentakis 03 9846 8269 betty@forexsport.comRegardsAlistair

benofbrisbane wrote:
does the 80% of cost include land – because at the moment i have borrowed around 105% and am looking at another $450k for the build.  So around a million all up – does that mean that they will only lend me $800K? Even though it would be worth $1.3++ after construction.  This seems rough.

They will use land value as part o…[Read more]

benofbrisbane wrote:
hey everyone thanks for your comments.Allistair I will keep an eye on the line fee – tks for the clarification re GST.   I had been advised differnt things by different people as to whether the 70% is the end product plus GST or not.   Just to clarify you say that the CBA will only lend the lower of 80% of costs or 70% of…[Read more]