Recent content by Bennny

Do you have a copy?

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Absolutely! Does anyone have a copy of the API article?

Totally agree. I once heard somebody say "When we're in a boom, everyone thinks it won't end. When we're in a recession, everyone thinks it won't end".

Sometimes when you buy a house, there is old documentation from the original subdivision that details how much the land originally sold for. On a couple that I've computed, it's usually around 7-8% pa. The best ones come from farmers who held land on the urban fringe, then it gets rezoned...

Kandinsky, You should buy and read this book: http://www.somersoft.com.au/book4.htm It has all the fundamentals in it which could very well save you from making grave mistakes, and in addition, help you to build the wealth you currently have. At the end of the day, only you can make your...

Some of you guys have the patience of Saints! It's the old saying: You can lead a horse to water, but you can't make it drink....

Yes, you won't need to subdivide until you want to sell. The bank will value the two properties on one title significantly lower than what they would if it were subdivided; so it's money well spent. The extra equity means you could possibly move into your next project; so it all depends on...

As Oscar pointed out, there is a lot more work in the subdivision that most realise - In terms of time and work involved. I generally apply for the planning permit to subdivide after the slabs are down, that way the surveyor can shoot points on the as constructed buildings. This also saves...

What's the source of this mate? Some possibilities here.

That's a cracking pace.

Yep, really - net profit and development margin are not the same.

Some very good ideas put forth by those here. Quotes provided without slab designs/soil reports are useless. Now that you've got proper pricing sorted I'd just finish the project as quickly and efficiently as you can. As Aaron pointed out, any developer worth his salt wouldn't buy...

Now THAT is what I call good yield.

Annualised return on invested capital is the best way to compare investments. You might have two deals, both returning 20% on cost, both taking 12 months to complete. However, one might require 10% cash, the other 20% cash. You'd go for the 10% cash deal, giving you a higher annualised...