Total Members: 153,779

Suri007

  • Hi, I have built 3 townhouses but will not be selling them for 12 months due to tax reasons.

    The Subdivision application has gone in and not been finalized because I haven’t paid the open space contribution.

    Council has agreed I can pay it off by Aug-21 (it’s nearly 40k).

    This gives me 6 months to make monthly repayments which makes it easier…[Read more]

  • Thanks Benny!! Your suggestion helps a great deal in fact :)

     

  • Hi Folks

    Upon inspecting the property built, it was discovered that the floor in the living room upstairs is uneven.

    The builder wants me to settle as is and they say if it’s a structural issue they will fix it as part of their warranty.

    I feel I should get a structural engineer report first to establish root cause, fix it and then take…[Read more]

  • Suri007 started the topic Feasibility worksheet in the forum Help Needed! 1 year ago

    Hi folks hope you’re all doing great.

    Do you have a property development/investment feasibility worksheet you could share please?

    I want to work out a new build cost and potential returns, tax considerations, etc.

    Thanks!

  • Thanks Terry!! Hope you’ve been well :)

  • Hi All,

    After acquiring land in 2015, and going through a painful process to get 3 townhouses approved and building them in the South Eastern Side of Melbourne, I am happy to say they’re nearing completion – driveway and landscaping remaining.

    I have a 1.48M loan for the e2e cost sofar.

    The intention was to keep all 3 and rent them out. But…[Read more]

  • Suri007 started the topic Building Contract in the forum Help Needed! 3 years ago

    Hi,
    I am building 3 x townhouses in Melbourne.
    I have been sent a building contract.
    Is there a property lawyer that I should get to review this or should I read it myself?
    Anyone have any experience with these so I can make sure I am not bitten in the backside?
    Never done any building before so not sure what I should do next.
    Any advice,…[Read more]

  • Suri007 started the topic Building Contract in the forum Help Needed! 3 years ago

    Hi,
    I am building 3 x townhouses in Melbourne.
    I have been sent a building contract.
    Is there a property lawyer that I should get to review this or should I read it myself?
    Anyone have any experience with these so I can make sure I am not bitten in the backside?
    Any advice, input is appreciated.
    Thanks
    :)

  • Hello folks,

    After nearly 2 years of toil and effort, finally council has approved 3 x townhouse construction in Croydon North. BUT the quote for turnkey built of these three is 1.2mio.
    The townhouses are all quite large homes – 1x3BR and 2x4BR.

    I need some help on a couple of things here if you will:
    First, I need some help to work out…[Read more]

  • Hello folks,

    After nearly 2 years of toil and effort, finally council has approved 3 x townhouse construction in Croydon North. BUT the quote for turnkey built of these three is 1.2mio.
    The townhouses are all quite large homes – 1x3BR and 2x4BR.

    I need some help on a couple of things here if you will:
    First, I need some help to work out…[Read more]

  • Thanks Jaxon I am not sure what went through council tbh.
    Because I had a company handle all of it for me.
    But basically I have approval to build 3 townhouses with some tree protection agreements in place.

    The company is asking me to pay 10k for civil engineering, structural engineering, energy rating and another 7.5k for final working drawings.

  • Hi,
    After two years, I have finally had council approve three townhouses.
    It took this long because there are some trees that needed to be protected and they weren’t happy with any proposal until recently. Anyhow it took long but it is done now.

    I want to know what it will cost to build these three townhouses, but am told I need to first spend…[Read more]

  • Hi,
    After two years, I have finally had council approve three townhouses.
    It took this long because there are some trees that needed to be protected and they weren’t happy with any proposal until recently. So anything it took long but it is done now.

    I want to know what it will cost to build these three townhouses, but am told I need to first…[Read more]

  • After a good while, I finally have council approval to develop 4 townhouses in the east side of Melbourne. Phew that process of getting the approval was harder than I thought possible. And it took its sweet time too! Anyway it’s done now so I move to the next stage. Building :)

    I need some recommendations on some developers you’ve had awesome…[Read more]

  • Moved post to “help needed”.
    couldn’t delete this here.

  • Hi,

    After a good while, I finally have council approval to develop 4 townhouses in the east side of Melbourne. Phew that process of getting the approval was harder than I thought possible. And it took its sweet time too! Anyway it’s done now so I move to the next stage. Building :)

    I need some recommendations on some developers you’ve had…[Read more]

  • I have an investment property and the offset is for the investment property.
    I am unsure whether it’s better to keep the cash in the offset, buy another property and rent it, or put the money in someone else’s account so I don’t pay tax. The money came from their account so legally it is theirs and I can give it back to them I suppose.

  • I have recently bought an old property which is rented currently. The idea is to knock it down and build 4 townhouses on it. I have engaged a company to manage this for me end-to-end for a fee.

    I have some money in my offset account.

    Is there an accountant or a wealth advisor on the best strategy to adopt in terms of what to do with my money…[Read more]

  • Hi,
    I have bought an old house with big land that I want to develop the backyard with putting 2 new townhouses.
    But I am getting confused as every builder tells me a different set of things that need to be done.
    Is there a to-do list anyone can share that I can tick off and lets me see exactly the things I need to do to get these properties…[Read more]

  • Hi,
    I have bought an old house with big land that I want to develop the backyard with putting 2 new townhouses.
    But I am getting confused as every builder tells me a different set of things that need to be done.
    Is there a to-do list anyone can give to me that I can tick off and lets me see exactly the things I need to do to get these…[Read more]

  • Load More

Suri007

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