All Topics / Finance / Pre-cast concrete construction

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of MikeMike
    Participant
    @mikesonthemic
    Join Date: 2008
    Post Count: 43

    Hi Finance people,

    I came across a property that states it is pre-cast concrete construction. Does this have any affect on finance options?

    Thanks

    Mike

    Profile photo of Ethan TimorEthan Timor
    Participant
    @ethantimor
    Join Date: 2016
    Post Count: 282

    Hi Mike,

    As long as it’s council approved, there shouldn’t be any issue.

    Hope this helps?

    Cheers,
    Ethan

    Ethan Timor | Aligned Finance Pty Ltd
    http://www.alignedfinance.com.au/
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    Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    What type of property is it? Commercial tilt up is normal, residential HOUSES not so much. Townhouses from pre-cast is becoming more and more popular.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
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    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    Valuers report would reveal some pertinent info so get an upfront valuation done first. Will be free if resi via a broker but could cost a few k commercial.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
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    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

    Profile photo of MikeMike
    Participant
    @mikesonthemic
    Join Date: 2008
    Post Count: 43

    Thanks guys.

    It’s a commercial property I’m considering.

    A lot of the housing commission/ public housing in the UK is pre-fab concrete which many lenders don’t like and wont even consider so this is positive to hear.

    Thanks again.

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Normal as it gets then – tilt up commercial construction is the norm in Australia these days.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,850

    It may not affect finance however there are some construction quality issues if poorly executed.

Viewing 7 posts - 1 through 7 (of 7 total)

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