Great post @planning. In our local one of the biggest hurdles is drainage. Council are not favourable to charged systems or pump outs so need the easement through neighbouring land or slope straight to street to make it work. And bushfire overlay…don’t get me started on bushfire.
SiteManager replied to the topic Investing under $300k for Cashflow Positive / High Yield property in VIC ? in the forum Help Needed! 5 years, 10 months ago
@planning, ok so in that case it is in 100 KM outter ring of Melbourne ?
Which city or suburb that you can show for example ?
Nice post @planning. Are most of your pro clients still working on 20% margins? I ran numbers on an 11 villa site with 20% conservative for a client recently and he told me his mezzanine finance group knocked him back saying inadequate margin. It seems they want much closer to 30% to fund and I didnt know if that is just one funder being…[Read more]