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    Appropriate contract for small development

    Hia is bad enough, HIV could ruin any development.
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    Building Costs - Melbourne

    I haven't seen many builder's "desperate for work" for the last few years. Houses are always cheaper then units and townhouses. I'd go with OC1's price range. If $950 refers to large project builder's building their own designs, yes. But no way are they going to build development sites...
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    Building Costs - Melbourne

    That project looks quite large. The larger the project usually the higher the build costs.
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    Building Costs - Melbourne

    They look like they are better quality than the standard. From my experience you're figures would not be far off. Haas Kaplan
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    Appropriate contract for small development

    I would not use the HIV at all. It is not a well written contract and not appropriate if you are going to have an architect administer the build and contract. The Abic contract is specifically written for your situations. In relation to the liquidated damages, they must be a reasonable...
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    Selling off the plan to a related party

    Stamp duty is levied at the rateable value of the transaction at the time. So if you sell to your wife, before construction then she will be liable for stamp duty just like everyone else. What I would be more worried about is the Tax requirement that sales to associates will be assumed to...
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    Need help with interpreting BCA & DCP

    All walls on the boundary MUST be fire rated. A brick wall has the required rating. Regardless of the council requirements, if the NCC says you need you must have it. Haas Kaplan
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    Section 27

    The vendor actually doesn't need your signature / agreement to the release of the deposit. Once a section 27 statement has been served, then unless you have a ground to object after, I think, 28 days, the deposit can be released.
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    Rear Lot Subdivision

    You will build the stormwater under the new dwelling at the back. This is just a general building risk that needs to be taken. No real issue with it, as these pipes will last for over a century. As the pipes from unit 1 will be going through land on another title, an "as built" easement...
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    Experienced Wholesale Builders in VIC??

    You will not find builders cheaper than the big boys. If Metricon's designs suit you and are workable on your sites go with them or other larger builders. I know I can't build for anywhere near their prices. Just be aware they do not do custom design just their plans. Haas Kaplan
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    development fesability check please?

    I'd be surprised if you could start and finish the project in 18 months. I'd suggest you assume 30 months. Also contingency of $50k for such a large project is way too little: go with $130k. Now to be sure drop your sales figures by 5% and if it stacks up good. Haas Kaplan
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    New Build Questions

    It looks like a drainage pipe for a retaining wall - to relieve some pressure off the wall. It shouldn't be draining into another property though.
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    Melbourne Property - settling 6.12.13

    MTR if you try to hold the $2000 and the vendors do not accept, they can serve you with a recission notice. This will cost you legal fees and interest, and then it will tie you into a 14 day settlement. If you then do not settle within 14 days, your contract will be at an end, and the vendors...
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    granny flat in victoria?

    Some of the planning requirements are that once the dependant person moves out, you need to remove the unit.
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    My latest development - 4 dwellings in Melbourne

    Concrete doesn't really need to cure for 28 days. At 28 days concrete reaches 98% strength, but in July the Concretors could have added an accelerate into it. It would have sped the curing process. Where time is money, this should have been done. If it were in summer maybe not...
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    Developing 101

    Thanks. It all comes down to understanding your rights and obligations. I always say don't be afraid to seek, and if need be, pay for good advice. Huss
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    Melbourne Market - 10-15 km

    Where I live in booroondara, prices did fall about 15%, but have now not only recovered the original loss but exceeded those prices. At auctions there are several genuine bidders. Huss
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    Developing 101

    L Aaron that is the key, we've seen builders come in with low prices but exclude a multitude of items. Other builders will provide more extensive pricing. You need to compare apples with apples. I think if you are newbie, you should get advice and someone to help you. We recently...
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    Plans - Signed and Stamped - but not built to plan

    If the contract is in Victoria the Domestic Building Contracts Act provides that a builder must build in accordance with the plans. Unless he specifically excluded them, and then he needs your signature for this, they must be provided. Huss.
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    rental income below threshold, need to lodge 2013 income tax return?

    Because the income is 'business' income you will be required to lodge a return. You won't be paying tax though :)
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