PropertyInvesting.com | christianb | Activity https://www.propertyinvesting.com/members/christianb/activity/ Activity feed for christianb. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 66a83ac15f215b21eb5ec48d0e16124a christianb replied to the topic draftman/Building designer for Maroondah Council? in the forum Value Adding https://www.propertyinvesting.com/topic/4409162-draftmanbuilding-designer-for-maroondah-council/#post-4689646 Mon, 15 Apr 2013 04:09:48 +0000 Congratulations on finding a property.
You have now done more than most!

Maroondah is not difficult to deal with. As with all councils they have a set of guidelines to work in.

Local planning controls

Victorian Planning Provisions

The difficult part, of course, in understanding these various guidelines and navigating a successful path.
Your…[Read more]

]]> 257f07b484999246b7d3d98c5bad449d christianb replied to the topic cheap builder, 2 townhouses Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4409039-cheap-builder-2-townhouses-melbourne/#post-4688818 Wed, 03 Apr 2013 04:15:26 +0000 $600,000, at the sizes you have suggested is less than $1,500/m2.
$1,500/m2 is a useful benchmark for townhouse construction of a "modest" level of finish.

]]> 7cf9db675abdf39e97d724393fee1204 christianb replied to the topic RESEARCH, DUE DILIGENCE & METHODS - ADVICE PLS in the forum Help Needed! https://www.propertyinvesting.com/topic/4409096-research-due-diligence-methods-advice-pls/#post-4689231 Wed, 03 Apr 2013 04:08:47 +0000 Dean,

In essence you have two major issues (each of many parts) to contend with:

The investment strategy – the financial goals

The development strategy to achieve those goals.

You need to do work on both of these parts and ensure they come together with the right structure.

Seek professional advice, especially early on, to ensure you get the…[Read more]

]]> f863afabb16985bd5f92846164a1313a christianb replied to the topic Buy,reno,subdivide,sell?,build?equity? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408993-buyrenosubdividesellbuildequity/#post-4688535 Tue, 19 Mar 2013 02:08:09 +0000 Dtermined, add it all up and see if it makes sense.
You need to understand the fundamentals before you approach a lender.
If it is profitable and secure, and makes sense, you should be able to fund it.

Best of luck with the project.

]]> 2070d0f4fef813b0ab6338caf60159f1 christianb replied to the topic Property Subdivision in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408756-property-subdivision-2/#post-4686706 Mon, 25 Feb 2013 00:18:46 +0000 If you are not settling until completion this is straightforward.
You enter into a contract to sell that which is described in the TPP.
Stamps are payable on the value at the time the contract is entered into – thus the benefit of sale off plan.

]]> 1364d622c4aeb7b70ce0a17e41b9ac63 christianb replied to the topic Building a House on Property Owned By Parents in the forum Help Needed! https://www.propertyinvesting.com/topic/4408787-building-a-house-on-property-owned-by-parents/#post-4686937 Mon, 25 Feb 2013 00:01:57 +0000 As part of the JV agreement, the parents could allocate part of the property to you by splitting the title as tenants in common. There are tax issues on which you'll need advice.

]]> 8ace172a1cf0ab7730137e2e8219247f christianb replied to the topic Is there a difference between Strata Title property and Stratum Titled? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408827-is-there-a-difference-between-strata-title-property-and-stratum-titled/#post-4687269 Sun, 24 Feb 2013 23:52:28 +0000 Great summary Xdrew.

]]> 4d043745cd5ad023380bf4f9bfe0ce46 christianb replied to the topic Property Subdivision in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408756-property-subdivision-2/#post-4686703 Sun, 17 Feb 2013 23:56:51 +0000 A Section 173 would be required if part of the property is to be sold before the subdivision is completed.
In the simplest terms, it is an undertaking to complete the subdivision in line with the Town Planning Permit.

]]> 35c7c713b348933fc537881cc9c4c62a christianb replied to the topic Property Staging in the forum General Property https://www.propertyinvesting.com/topic/4408723-property-staging/#post-4686464 Sun, 17 Feb 2013 23:18:05 +0000 Nice one DWolfe.
I have used staging before, and would do so again.
It should be considered as a development or marketing cost from early on in the process.

]]> 85f06560cfaba6729bc4943326a4ce2f christianb replied to the topic find positively geared property in the forum General Property https://www.propertyinvesting.com/topic/4408627-find-positively-geared-property/#post-4685658 Mon, 04 Feb 2013 00:33:21 +0000 Consider making your own positively geared property.

Find a house with adequate land to build a second dwelling, ensuring the planning overlays are accomodating.
Assume the house is purchased for $500,000 and can be let for $500/week.
Spend $250,000 to build a second dwelling behind.

At this point, a number of things can happen, but here are two…[Read more]

]]> 3bfca0c8de015acccf27dd5b161a1ff8 christianb replied to the topic Getting your development off the ground - All the information you need. in the forum Value Adding https://www.propertyinvesting.com/topic/4408484-getting-your-development-off-the-ground-all-the-information-you-need/#post-4684186 Mon, 04 Feb 2013 00:21:48 +0000 Craig,

I am sure Ash will steer you in the right direction.

I am reading between the lines a little here, but I thought I might give you something to consider.

In order to subdivide land you will require a Town Planning Permit (TPP)
Usually, in order to get your TPP council wants to know what you will do with the land.
In this case, the land is…[Read more]

]]> fda44d1c179ab62b532bd0917fa8f00e christianb replied to the topic 980sqm Land Corner block (flat) in the forum Help Needed! https://www.propertyinvesting.com/topic/4408485-980sqm-land-corner-block-flat/#post-4684199 Tue, 22 Jan 2013 03:56:39 +0000 Bosco,

Plenty of good advice there.
Here's some more that you may find useful.

Understand what you want and have a plan.

Understand the context you are working in – from zoning to re-sales.

Have an understanding of the process, even if someone else manages your project.

Budget for $1,500/m2 delivery costs.

Get good advice early. The profits…[Read more]

]]> 265356017b4cfdc1f1f4d8390254fa4a christianb replied to the topic Getting your development off the ground - All the information you need. in the forum Value Adding https://www.propertyinvesting.com/topic/4408484-getting-your-development-off-the-ground-all-the-information-you-need/#post-4684181 Tue, 22 Jan 2013 03:42:34 +0000 Nice work Ash.

]]> f768b9b0ec5b6ad78f19231de16c8c5a christianb replied to the topic First time development finance in the forum Finance https://www.propertyinvesting.com/topic/4408261-first-time-development-finance/#post-4682380 Mon, 17 Dec 2012 03:25:56 +0000 Aloha,

A few things you may wish to consider:

Our clients are finding two dwellings much simpler to finance than three

Make sure your structure suits your sales/retention strategy

Keep a cash buffer from the start – it's easier to solve problems quickly

Include all you can in the build contract – little bits outside the contract amount add…[Read more]

]]> 2e643789c6540dbc4d021f1d10b01ed1 christianb replied to the topic Greener than Kermit in the forum Help Needed! https://www.propertyinvesting.com/topic/4408165-greener-than-kermit/page/3/#post-4681651 Mon, 03 Dec 2012 00:17:48 +0000 You're welcome Jewel47.

]]> ecc92433840651ba7e34a249782e00f2 christianb replied to the topic Help with Developing - Townhouses in the forum Value Adding https://www.propertyinvesting.com/topic/4388545-help-with-developing-townhouses/#post-4562804 Thu, 29 Nov 2012 23:29:36 +0000 If you are planning a property development there are three major disciplines:

Town Planning

Architecture (design)

Building

There are lots more people involved, but the three above are the key.
These three elements need to come together to deliver your project.

Before getting too far down the track, the first step is to talk with a good town…[Read more]

]]> db596eca4b2e2433182a84bf5952d3a5 christianb replied to the topic Starting again at 49 in the forum Help Needed! https://www.propertyinvesting.com/topic/4408170-starting-again-at-49/#post-4681690 Thu, 29 Nov 2012 22:46:31 +0000 Simon,

I hope it all works out – for both of you.
You may well be starting again, but you have a great advantage.

What you have learnt along the way. If you have done it once….

Time to think about what happens next, and to do your research and build a plan

]]> a3e4964c88ecfe2740130ec8dbfb1ff4 christianb replied to the topic Greener than Kermit in the forum Help Needed! https://www.propertyinvesting.com/topic/4408165-greener-than-kermit/page/2/#post-4681630 Wed, 28 Nov 2012 23:19:17 +0000 Jewel,

I wish you all the best with this endeavour.
You have some great advice in there.

I would offer a few points for you to consider:

Establish a budget and respect the budget – if it can't be done within budget, don't do it.

Renovating (I reckon) is fun, but keep the emotion out of it, its essentially a large transaction.

Have a plan for…[Read more]

]]> b1b40181e9bf472b60c6a1959154bf08 christianb replied to the topic Townhouse construction costs in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4406018-townhouse-construction-costs-in-melbourne/page/2/#post-4665040 Tue, 20 Nov 2012 04:26:33 +0000 The proposal should be robust enough to absorb some overrun.
A budget of $1,500/m2 is an adequate starting point.

Here is a simple equation that will account for roughly 20% margin after expenses:

1/3 for land (including stamps and purchase costs)
1/3 for development (including documentation, building and peripherals)
1/3 gross margin

For…[Read more]

]]> 7840cd0e4bc1d0e8fb1d1a9519ee6eb3 christianb replied to the topic Should you buy in lowlife areas? in the forum General Property https://www.propertyinvesting.com/topic/4408022-should-you-buy-in-lowlife-areas/#post-4680416 Wed, 07 Nov 2012 04:06:09 +0000 If the amenity is good – transport, shops and activities.
And the area is close to the CBD.
Then great things often happen.

The artists are attracted to cheap rents.
The artists bring the commercial creatives.
They, together, bring the people who want to be near the action.

Then, off it goes!

This happens in most cities, and it's a moving…[Read more]

]]> 7a22d214d22e1579a5f2448a8d0ab007 christianb replied to the topic Townhouse costs m2- SE Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4407977-townhouse-costs-m2-se-melbourne/#post-4680045 Wed, 07 Nov 2012 03:50:49 +0000 If you were to successfully project manage you can certainly save money.
If you don't get it right you can lose just as much.
Put your energy into establishing a good team to deliver your project.

The $1,500/m2 is a built form cost to which you should add and amount, say 10%, for site costs.
Built form costs will regularly exceed this amount but…[Read more]

]]> 6abd4c778ee3c857affe6a2de1751e0c christianb replied to the topic Townhouse costs m2- SE Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4407977-townhouse-costs-m2-se-melbourne/#post-4680039 Wed, 31 Oct 2012 04:13:16 +0000 Expect to pay at the very least $1,500/m2 + peripheral costs for landscaping and the like.
Get good advice early so you make the best decisions for the least amount of money.
Put some work into getting the sizes and density right. A disciplined 150m2 is every bit as useful as a lazy 240m2. 

]]> b28acb43ce32856931a61c6f0f44b074 christianb replied to the topic What is the going Commission for Agents? in the forum General Property https://www.propertyinvesting.com/topic/4407953-what-is-the-going-commission-for-agents/#post-4679805 Wed, 31 Oct 2012 04:03:29 +0000 You can suggest 2.2% + 10-20% for any amount beyond the reserve.

]]> b71b87b5723ff844dae107d96649b8d3 christianb replied to the topic Residential zones in the forum General Property https://www.propertyinvesting.com/topic/4407774-residential-zones/#post-4678648 Thu, 04 Oct 2012 01:08:36 +0000 If you wish to build a house, townhouses or units, the first and most important issue is that the property is within a Residential 1 Zone (R1Z) as this is the primary zone for residential uses.

Most R1Zs also have overlays that provide further details on how the land may and may not be used.

]]> 2e332468072f75692c8c0d1e3a274d50 christianb replied to the topic Beneficiary using equity in a trust in the forum Finance https://www.propertyinvesting.com/topic/4407526-beneficiary-using-equity-in-a-trust/#post-4676762 Tue, 04 Sep 2012 00:55:02 +0000 Terry, is this some sort of third party equity?

]]> b0229a19532bed381a894e9f13476f65 christianb replied to the topic How to make my townhouses cheap..... in the forum Value Adding https://www.propertyinvesting.com/topic/4407395-how-to-make-my-townhouses-cheap/page/2/#post-4675746 Wed, 22 Aug 2012 02:06:28 +0000 The difficulty in this type of equation is a the cost/effect. Building is one part of that equation, and certainly an important one. I'll preface what I am about to say by letting you know I am not an architect, but I do work with architects.

Firstly, if the concepts aren't right then the project may be off-track from the start. For most proposed…[Read more]

]]> 5642ec87df73ee4bbd3c41c871d7ff11 christianb replied to the topic Build another one out the back... in the forum Creative Investing https://www.propertyinvesting.com/topic/4407415-build-another-one-out-the-back/#post-4675928 Wed, 22 Aug 2012 01:44:13 +0000 It's possible to build a second dwelling on an allotment, and not subdivide the land. Be aware however, that most municipalities will rate both properties anyway, especially if the services are connected and/or metered separately.

In Victoria a "granny flat" is to be constructed only for the purposes of housing a dependent person. There are rules…[Read more]

]]> c84bc18069239f6e84e041b6f50b2683 christianb replied to the topic Getting Started in the forum Help Needed! https://www.propertyinvesting.com/topic/4390852-getting-started-39/#post-4574397 Wed, 15 Aug 2012 04:32:37 +0000 I have seen several of our clients add some momentum by doing dual occupancy developments. It's not necessarily at the glamorous end of the property spectrum, but it is often lucrative and has some peripheral benefits.

In terms of financing, there is the benefit of an "inherent asset", that of the existing house. If purchase is made of a property…[Read more]

]]> d6f1700f1119a4a6d7ec6e8995e51ac3 christianb replied to the topic Sub Dividing in the forum Value Adding https://www.propertyinvesting.com/topic/4407353-sub-dividing-4/#post-4675372 Wed, 15 Aug 2012 01:11:42 +0000 The only issue I see with a money back guarantee is the possibility that they may choose the "quickest way home" rather than getting the most they can out of the land available. Commercially speaking, if I was to offer a money back guarantee I would need to consider the surest outcome rather than the best outcome.

And a hello to DWolfe. I am just…[Read more]

]]> cbc2ae3aba02e1d2b77365c347d10dab christianb replied to the topic building new basic house or granny flat? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407285-building-new-basic-house-or-granny-flat/#post-4674906 Wed, 08 Aug 2012 00:15:40 +0000 It seems to be an issue of semantics. What you are talking about is building an additional dwelling of modest size and finish. A dwelling of say 75m2 is adequate for a modest 2br dwelling, and at a construction rate of say $1,500/m2 with planning and design costs on top of that, you can establish a budget fairly simply.

75m2 x $1,500 =…[Read more]

]]> 6ae96a4789346776ffd64e99a3072d64 christianb replied to the topic How to redevelop small block of units? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407207-how-to-redevelop-small-block-of-units/#post-4674268 Tue, 24 Jul 2012 01:03:31 +0000 The only sure way is to buy all four. Any other plan is a little "hit and hope".You can approach the local council about any notion you may have of redeveloping the block and they will be able to give you some zoning advice and maybe some advice around council's strategic objectives.

]]> bc7fc0f2d2ffd217828685b90050e3df christianb replied to the topic St kilda apartments in the forum General Property https://www.propertyinvesting.com/topic/4399392-st-kilda-apartments/#post-4621186 Wed, 18 Jul 2012 00:19:25 +0000 We have clients making their own apartments and town-houses in St Kilda West, and it seems well worthwhile. Land is expensive, planning and heritage issues are a pain, but the end values are impressive.

]]> c6a799adcda553b3f588e2c6147848ae christianb replied to the topic Builder's margin in the forum Value Adding https://www.propertyinvesting.com/topic/4407112-builders-margin/#post-4673702 Wed, 18 Jul 2012 00:14:35 +0000 The historical benchmark builder's margin adopted by insurers is 16% gross margin, which id probably pretty close to the mark. This margin is built into the builder's pricing and is generally not expressed explicitly.This margin is, of course, nothing to do with the developer's margin which is generally targeted at 30%.So, if you as the developer…[Read more]

]]> fc2cfea5d6ffdf918ac58bc723ae20ca christianb replied to the topic Knock Down Rebuild Feasibility in the forum Value Adding https://www.propertyinvesting.com/topic/4407056-knock-down-rebuild-feasibility/#post-4673254 Tue, 10 Jul 2012 22:25:03 +0000 Sounds like a great spot.

]]> e2c5be6cae603c7b8712b08273803f5f christianb replied to the topic Knock Down Rebuild Feasibility in the forum Value Adding https://www.propertyinvesting.com/topic/4407056-knock-down-rebuild-feasibility/#post-4673252 Tue, 10 Jul 2012 00:32:31 +0000 Perhaps you should consider building two buildings, rather than one. If the land will accommodate this it will almost certainly be more profitable. It may also be less risky as you will be hitting a lower price point.

]]> a3b4891fcdd9827328ca0418e5fb1f3d christianb replied to the topic Converting residential to Professional Offices in the forum  A change of use https://www.propertyinvesting.com/topic/4407060-converting-residential-to-professional-offices/#post-4673272 Tue, 10 Jul 2012 00:26:49 +0000  A change of use application – as you are proposing – brings with it a fairly high level of scrutiny. Council will be anxious to understand the underlying demand for your proposed use and tha impact on your neighbours, before they will consider the level of detail you are asking about.So, firstly go and see your local council and talk to them…[Read more]

]]> cba61167d84cd33ed946202b608ee91b christianb replied to the topic Small Lot Subdivisions (2 to 5 lots) What Challenges are you facing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406291-small-lot-subdivisions-2-to-5-lots-what-challenges-are-you-facing/#post-4667254 Mon, 18 Jun 2012 05:14:59 +0000 Jim,Regardless of the planning device, there are often ways to improve the yield (or otherwise improve the outcome) by working with the municipal authorities to come up with a solution that makes the proposal commercially viable and provides a positive outcome for the council at the same time.

]]> dc2fe6b8e9a1423f92703a9f815c0b43 christianb replied to the topic Pre purchase of house/ land - future development plans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406854-pre-purchase-of-house-land-future-development-plans/#post-4671796 Mon, 18 Jun 2012 00:04:24 +0000 Zem,I regularly assess properties for clients before they purchase. I also find properties for clients that fit their investment and development parameters. Here's some of the things we look for, and look out for:The property zoningThe state and municipal planning schemesLocal and general overlaysCovenants or caveats on titleProximity to services…[Read more]

]]> a024b6e076ebe8079252d4a44a21acab christianb replied to the topic Small Lot Subdivisions (2 to 5 lots) What Challenges are you facing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406291-small-lot-subdivisions-2-to-5-lots-what-challenges-are-you-facing/#post-4667252 Sun, 17 Jun 2012 23:49:17 +0000 Jim,You could also consider increasing the density and yield by using a "design led" application for development and subdivision. This costs a little more in planning but will almost certainly be more profitable.What it means is that you need to put some work into describing how the land will be used. This might be as simple as nominated building…[Read more]

]]> 1a86bca469d59a5f03d9d801b0b0c411 christianb replied to the topic Small Lot Subdivisions (2 to 5 lots) What Challenges are you facing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406291-small-lot-subdivisions-2-to-5-lots-what-challenges-are-you-facing/#post-4667251 Sun, 17 Jun 2012 23:43:56 +0000 KeyStrategies wrote:

christianb wrote:
The smallest lot we are working on is a proposal for 15 dwellings on 120m2 in the CBD.We are also working on a two lot subdivision on 240m2 in the inner suburbs.

Christian'What city are you working in?  – these are really small sites

In Melbourne.The same goes for other states and territories.And it's…[Read more]

]]> 5fc4e75e6409e15683319ffc501ebd2b christianb replied to the topic Advice (buy IP myself or go halves with friend on small development) in the forum Help Needed! https://www.propertyinvesting.com/topic/4406830-advice-buy-ip-myself-or-go-halves-with-friend-on-small-development/#post-4671640 Wed, 13 Jun 2012 02:55:30 +0000 Welcome to the forum.If you are intending to buy and subdivide, I would caution that you do the sums carefully. Subdivision can be lucrative, buy the costs can be prohibitive. As a general rule, it is more profitable to subdivide valuable land.While this may sound obvious, what I mean is that it essentially costs the same amount to subdivide a…[Read more]

]]> a5a26aff32a8d5875daeef461a752bb9 christianb replied to the topic Small Lot Subdivisions (2 to 5 lots) What Challenges are you facing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406291-small-lot-subdivisions-2-to-5-lots-what-challenges-are-you-facing/#post-4667240 Wed, 13 Jun 2012 02:51:29 +0000 We are seeing a lot of small lot proposals of late, and it seems to be an emerging niche. Densities are being reconsidered and suburban properties are being looked at quite differently to say five years ago. In positioning ourselves as Small Lot Specialists we have given some thought to what in fact constitutes a small lot. And the answer varies…[Read more]

]]> e2516d7512a06783dc4e7b1c6fa0778b christianb replied to the topic how to assess if a subdivision deal is worth going for or not? in the forum Value Adding https://www.propertyinvesting.com/topic/4406660-how-to-assess-if-a-subdivision-deal-is-worth-going-for-or-not/#post-4670479 Wed, 06 Jun 2012 03:56:47 +0000 Work everything out on an "as if complete" value. This is what the bank does, and really it seems to make sense. So, you have the current value of what you own – or are intending to acquire – and then the value of your proposal as if it were completed right now.That's always a useful starting point.As a quick feasibility tool consider this…[Read more]

]]> 63dac815b879e341dee65290075cf72f christianb replied to the topic Townhouse dual occ in Flemington in the forum Mustafa, Firstly, it's often https://www.propertyinvesting.com/topic/4406767-townhouse-dual-occ-in-flemington/#post-4671253 Wed, 06 Jun 2012 03:47:11 +0000 Mustafa,Firstly, it's often difficult to "resurrect" a town planning application that has lapsed. Get in touch with council and seeks their views on this application in the context of any changes to the planning scheme which may have occurred.If you are looking to subdivide down the middle – as you put it – it may be possible to subdivide the land…[Read more]

]]> ae5a81d44db079f10e367e3742fdc3e8 christianb replied to the topic Reduced Red Tape for development in the forum Value Adding https://www.propertyinvesting.com/topic/4406600-reduced-red-tape-for-development/#post-4669886 Thu, 31 May 2012 23:15:09 +0000 The changes being talked about are not so much for property development projects, but for the scores of other permit applications that clog up the system. Anything from a Town Planning Permit for a cross over (I had to do one for a client last year, and it cost thousands and took months) to a street table permit.Any subdivision and/or development…[Read more]

]]> 57eeb54b6ebc95170a2a878f85132b33 christianb replied to the topic Property Development contract in the forum Help Needed! https://www.propertyinvesting.com/topic/4406651-property-development-contract/#post-4670380 Sat, 26 May 2012 05:32:20 +0000 My advice would be to investigate the options carefully, and measure those options without emotion.

]]> 687961ec7d29a3a146a208979b13c141 christianb replied to the topic Reduced Red Tape for development in the forum Value Adding https://www.propertyinvesting.com/topic/4406600-reduced-red-tape-for-development/#post-4669884 Wed, 23 May 2012 05:30:14 +0000 Thanks for that itsandrew, it would be welcome….

]]> 1fe1ff53d283901a47db0f89eaa768e7 christianb replied to the topic Subdivision in Sydney in the forum Value Adding https://www.propertyinvesting.com/topic/4406625-subdivision-in-sydney/#post-4670076 Wed, 23 May 2012 05:28:33 +0000 Notwithstanding the very important issue of planning advice; and I would recommend getting advice from a private planner, one can determine some basic parameters by mathematics.Take the dimensions of the land (let's say 15m x 40m) = 600m2Take away the front set back (say 9m x 15m) = 465m2Take away side set backs (50m2) = 415m2Take away parking for…[Read more]

]]> bdbb348b457966cf0659c5446774260a christianb replied to the topic Radiata pine flooring, to stain or not to stain? in the forum Value Adding https://www.propertyinvesting.com/topic/4406653-radiata-pine-flooring-to-stain-or-not-to-stain/#post-4670421 Wed, 23 May 2012 05:17:57 +0000 It's possible to use a varnish called "Black Japan" (Feast Watson make a good go of it) that used to be used in the old days. It can be diluted for a lighter finish (then sealed) or double/triple coated for a darker finish.

]]> 3721404b2505e6ca6d48e8304c7bd506 christianb replied to the topic Passive Investor for Subdivision in the forum Gio, Firstly, the numbers https://www.propertyinvesting.com/topic/4406629-passive-investor-for-subdivision/#post-4670093 Wed, 23 May 2012 05:15:02 +0000 Gio,Firstly, the numbers look a bit iffy.I would be concerned about spending $450,000 building on a $250,000 parcel of land.As for an equitable structure, you could consider 50/50 in/out, whereby you share costs and profits equally.Or, buy the land in partnership and agree to buy the subdivided land from the partnership for say cost + 30%.Good…[Read more]

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