PropertyInvesting.com | Suri007 | Activity https://www.propertyinvesting.com/members/suri007/activity/ Activity feed for Suri007. Mon, 13 Apr 2026 02:43:10 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 749d4b7b97f67b54688e72bfc24b30f3 Suri007 started the topic Open space contribution & Subdivision in the forum General Property https://www.propertyinvesting.com/topic/5070135-open-space-contribution-subdivision/ Thu, 04 Feb 2021 06:43:35 +0000 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]

]]> 0afeb102c48afafaf68cf208efabd4a5 Suri007 replied to the topic Troubles with my builder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5069046-troubles-with-my-builder/#post-5069833 Tue, 22 Dec 2020 13:46:01 +0000 Thanks Benny!! Your suggestion helps a great deal in fact :)

 

]]> cf88256b603b455c35bdd2f0640ff3b2 Suri007 started the topic Troubles with my builder in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5069046-troubles-with-my-builder/ Tue, 08 Dec 2020 22:57:34 +0000 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]

]]> e2e58ef1e979f0c6a91ee05d82c5b6cf Suri007 started the topic Feasibility worksheet in the forum Help Needed! https://www.propertyinvesting.com/topic/5068990-feasibility-worksheet/ Thu, 26 Nov 2020 13:54:03 +0000 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!

]]> 463f01c0a720c5e4634fbc31141f7a68 Suri007 replied to the topic 3 Townhouses complete - Tax Agent & Next Move? in the forum Help Needed! https://www.propertyinvesting.com/topic/5067020-3-townhouses-complete-tax-agent-next-move/#post-5067030 Tue, 30 Jun 2020 12:39:07 +0000 Thanks Terry!! Hope you’ve been well :)

]]> c8409130ba14cf6400ecade5de96f527 Suri007 started the topic 3 Townhouses complete - Tax Agent & Next Move? in the forum Help Needed! https://www.propertyinvesting.com/topic/5067020-3-townhouses-complete-tax-agent-next-move/ Mon, 29 Jun 2020 14:58:14 +0000 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]

]]> 4fc4fd23851afc20abcc58706d94b2ac Suri007 started the topic Building Contract in the forum Help Needed! https://www.propertyinvesting.com/topic/5048552-building-contract-2/ Thu, 15 Nov 2018 23:35:31 +0000 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]

]]> 7859332857bca05b9481970b4016a757 Suri007 started the topic Building Contract in the forum Help Needed! https://www.propertyinvesting.com/topic/5048552-building-contract-2/ Thu, 15 Nov 2018 23:35:31 +0000 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
:)

]]> 8f410aee203419efde2503069898dec0 Suri007 started the topic Building 3 x Townhouses questions in the forum Help Needed! https://www.propertyinvesting.com/topic/5048280-building-3-x-townhouses-questions/ Wed, 10 Oct 2018 10:23:31 +0000 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]

]]> 5834bc6efa6e620944d81c3eb3473aa5 Suri007 started the topic Building 3 x Townhouses questions in the forum Help Needed! https://www.propertyinvesting.com/topic/5048280-building-3-x-townhouses-questions/ Wed, 10 Oct 2018 10:23:31 +0000 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]

]]> b0ecc04f84c60c59956e6f2f39a78276 Suri007 replied to the topic 3 townhouse costs in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/5047097-3-townhouse-costs-in-melbourne/#post-5047235 Mon, 02 Jul 2018 04:41:26 +0000 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.

]]> 8e80037a8b868d89e7113b3b2c7d4349 Suri007 started the topic 3 townhouse costs in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/5047097-3-townhouse-costs-in-melbourne/ Wed, 27 Jun 2018 09:40:05 +0000 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]

]]> 35693e3316ea9776e0b31f586a0a9c58 Suri007 started the topic 3 townhouse costs in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/5047097-3-townhouse-costs-in-melbourne/ Wed, 27 Jun 2018 09:40:05 +0000 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]

]]> 1fcb5ccac9454c5d57cda7bf59f657e1 Suri007 started the topic Townhouse developer recommendations in the forum Help Needed! https://www.propertyinvesting.com/topic/5043810-townhouse-developer-recommendations/ Mon, 19 Mar 2018 03:01:01 +0000 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]

]]> ae9e6c313f79fa65ef1eb9e7d67e901a Suri007 started the topic Recommendation needed for Townhouse developers in the forum General Property https://www.propertyinvesting.com/topic/5043804-recommendation-needed-for-townhouse-developers/ Mon, 19 Mar 2018 01:43:42 +0000 Moved post to “help needed”.
couldn’t delete this here.

]]> 65a23117cf91dd83826ac2fdb01cc04c Suri007 started the topic Recommendation needed for Townhouse developers in the forum General Property https://www.propertyinvesting.com/topic/5043804-recommendation-needed-for-townhouse-developers/ Mon, 19 Mar 2018 01:43:42 +0000 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]

]]> 4c06228db1e664305c14f2931415d557 Suri007 replied to the topic Strategic Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/5018901-strategic-advice/#post-5018953 Tue, 12 Jan 2016 03:26:07 +0000 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.

]]> 4edc11b313ea5bb1a77842a96f1f32b0 Suri007 started the topic Strategic Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/5018901-strategic-advice/ Mon, 11 Jan 2016 04:21:18 +0000 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]

]]> 04abb62d50bf6bb7de12c2f1db2aeb02 Suri007 started the topic Development To do List for building in the forum Help Needed! https://www.propertyinvesting.com/topic/5016871-development-to-do-list-for-building/ Thu, 26 Nov 2015 04:47:08 +0000 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]

]]> d9bbdd6b7e2a375a86872997951e3f36 Suri007 started the topic Development To do List for building in the forum Help Needed! https://www.propertyinvesting.com/topic/5016871-development-to-do-list-for-building/ Thu, 26 Nov 2015 04:47:08 +0000 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]

]]> 79b2e363676ca53b107175d656155f4b Suri007 started the topic dual occupancy builder in the forum Help Needed! https://www.propertyinvesting.com/topic/5012731-dual-occupancy-builder/ Tue, 01 Sep 2015 10:25:04 +0000 Can anyone recommend a cheap dual occupancy builder in Melbourne please. Thanks.

]]> c20f2edef9ecfb1df7520699e69da674 Suri007 started the topic Dual occupancy and sub division in the forum Help Needed! https://www.propertyinvesting.com/topic/5012635-dual-occupancy-and-sub-division/ Mon, 31 Aug 2015 07:33:44 +0000 Hi,

I bought a property with a fairly large land in Croydon North, Vic.
I want to develop two townhouses in the back and when that is done, demolish the existing house and build two more in the front.

A Project Management company has quoted me 100k (I could be wrong but I think that’s what their excel spreadsheet says) to manage the process…[Read more]

]]> 5045d018f70c37a410235ce76e66fe20 Suri007 replied to the topic Bought a house - feeling like I mad a mistake in the forum Help Needed! https://www.propertyinvesting.com/topic/5009942-bought-a-house-feeling-like-i-mad-a-mistake/#post-5009945 Tue, 30 Jun 2015 11:00:09 +0000 i bought at auction so no way out. i have it on good authority if i develop 2 townhouses in the back, i could make around 300-400k from the deal. problem is i bought over my budget and development costs money and is time consuming. i’m not sure how i’ll support the loan and the development for the time it takes. i could subdivide the land. that’s…[Read more]

]]> 2c503e0b6c4ebd88b585f6038e748386 Suri007 replied to the topic Bought a house - feeling like I mad a mistake in the forum Help Needed! https://www.propertyinvesting.com/topic/5009942-bought-a-house-feeling-like-i-mad-a-mistake/#post-5009945 Tue, 30 Jun 2015 11:00:09 +0000 i bought at auction so no way out. i have it on good authority if i develop 2 townhouses in the back, i could make around 300-400k from the deal. problem is i bought over my budget and development costs money and is time consuming. i’m not sure how i’ll support the loan and the development for the time it take. i could subdivide the land. that’s a…[Read more]

]]> a2c74aa95c124f6efe447e3635578692 Suri007 started the topic Bought a house - feeling like I made a mistake in the forum Help Needed! https://www.propertyinvesting.com/topic/5009942-bought-a-house-feeling-like-i-mad-a-mistake/ Tue, 30 Jun 2015 10:31:56 +0000 I’ve been looking for an investment property for ages and found one in croydon – big land – 1500sqms for 700k.
i feel like i got pushed in a way to buy it for way over my budget.
Is croydon worth that much if it fits 2 townhouses in the back?
Feeling super anxious and scared :(

]]> a2c74aa95c124f6efe447e3635578692 Suri007 started the topic Bought a house - feeling like I mad a mistake in the forum Help Needed! https://www.propertyinvesting.com/topic/5009942-bought-a-house-feeling-like-i-mad-a-mistake/ Tue, 30 Jun 2015 10:31:56 +0000 I’ve been looking for an investment property for ages and found one in croydon – big land – 1500sqms for 700k.
i feel like i got pushed in a way to buy it for way over my budget.
Is croydon worth that much if it fits 2 townhouses in the back?
Feeling super anxious and scared :(

]]> a2c74aa95c124f6efe447e3635578692 Suri007 started the topic Bought a house - feeling like I mad a mistake in the forum Help Needed! https://www.propertyinvesting.com/topic/5009942-bought-a-house-feeling-like-i-mad-a-mistake/ Tue, 30 Jun 2015 10:31:56 +0000 I’ve been looking for an investment property for ages and found one in croydon – big land – 1500sqms for 700k.
i feel like i got pushed in a way to buy it for way over my budget.
Is croydon worth that much if it fits 2 townhouses in the back?
Feeling super anxious and scared :(

]]> e6899aaf928f936d8dde8886cf0d6beb Suri007 started the topic Family Trust or under my own name? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5004779-family-trust-or-under-my-own-name/ Mon, 30 Mar 2015 22:36:22 +0000 Hello,
I have a questions regarding how to structure investments in property.
I work and make a pretty decent income but I am consulting which means I could be out of a job in next to no time.
I want to get into property again and am not sure how to structure my investments to reap negative gearing benefits of my income while I hold a job and…[Read more]

]]> 769fc7124c90fd9f5fb97f53865fedf3 Suri007 started the topic Property investment research tools in the forum Help Needed! https://www.propertyinvesting.com/topic/4999325-property-investment-research-tools/ Fri, 16 Jan 2015 01:25:39 +0000 Hi,
I have decided to develop property.
Are there any research tools out there that I can use to work out if an area or type of development is good?
I mean in the form of websites, spreadsheets, etc?

I know realestate.com.au and while it gives suburb profiles, it is one suburb at a time.
Is there something I can use that gives a wider…[Read more]

]]> c66b6d4745d08e00c4b601b52b5a516c Suri007 replied to the topic Not Property related - buying Car related in the forum Help Needed! https://www.propertyinvesting.com/topic/4410239-not-property-related-buying-car-related/#post-4696114 Sun, 10 Nov 2013 23:28:05 +0000 I'm in Melbourne.

]]> e2b7a94ef923a83559991833b4f2d70b Suri007 replied to the topic Urgent advice needed PLEASE!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4409892-urgent-advice-needed-please/#post-4694144 Tue, 20 Aug 2013 01:08:16 +0000 Thank you everyone!!! 

I didn't put in an offer after driving all the way down there and cutting my work day short. I didn't feel right about it from the start but I was succumbing to the push of the estate agent. Boy is he good. 

But when I was sitting there, I realized building 2 decent townhouses would cost me around 220+ each. I wasn't going…[Read more]

]]> d030e76d3dbc0ebcbe809cd3d34a398f Suri007 replied to the topic Pooling funds in the forum Help Needed! https://www.propertyinvesting.com/topic/4409845-pooling-funds/#post-4693951 Mon, 12 Aug 2013 04:40:46 +0000 I can afford to buy a house outright in some surburbs. But for investing I am not familiar with those suburbs and can't trust investing everything I have in a place that I don't know. I want to invest in suburbs that I know, grew up in and understand. But in these suburbs I am would be happy to get a one bedroom place for 400k.

For example, there…[Read more]

]]>