Recent content by simo74

Thanks Oscar for your valuable help on getting this one over the line with council.

That's great. Bit of an update, we put our site on the market with planning permission for 8 units and sold within a week. Settlement in a few weeks. Looing for the next site now.

Sure here you go. Visually i think it looks good as you cannot see there are 9 car spaces behind the 2 apartments.

Some good news. Council have given us notice that they approve the development. Just have to wait the 21 days now to ensure no objections at VCAT. Looking good so far.

Advertising Period commenced last Friday. Fingers crossed there are not many objections.

Have you considered Elsternwick? Pretty rare to see a 2 bedder under $400k in Elsternwick. Maybe because there is no outdoor space or balcony. Private sale : $375k http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Elsternwick/?adid=2010640475

Utilities are included. The new Privacy Regulations will introduce 5 new datasets in credit reporting: Date Account Opened Current Credit Limit Date Account closed Account Type (Mortgage, Credit Card, Utility, Telephone) Repayment History Pay all your bills on time and you won't have a problem :)

At the max building area due to setbacks and parking is an issue unless i use stackers or apply for a parking dispensation. I'm happy with an approx 35% return.

About 2 or 3. Have done the numbers and the difference in the bottom line does not make it worthwhile.

At this stage plan is to sell all. Yes this is south of Carlisle St, closer to Ripponlea, Glen Eira Rd. Recent changes to the Glen Eira Planning Scheme mean that future Multi Unit Developments along Hotham Street will be limited because of increased rear setbacks. Lucky we had our plans...

Aaron has hit the nail on the head here. It's a fine balance between number of units and size. We are at our limit from a number of units perspective due to parking requirements. We could always look at using car stackers but to tell you the truth i want to keep the build time, cost to a minimum.

Hi Everyone I'm interested in people's thoughts on the draft concept plans(attached) for a 8 unit development I'm doing in St Kilda East. Plans have been amended to meet councils initial concerns however they still need a bit of work to add the internals and rearrange the bedrooms to maximize...

Done it many times with good results. Light sand then use a oil based undercoat/sealer. Don't use water based. Have fun.

Thanks Terry.

Hi everyone. Looking for a recommedation for an accountant in Melbourne that specialises in company/trust structures for property developers. About to kick off a 10 unit development in St Kilda East and want to ensure i have the right structure in place before incurring any real costs...