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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...

Annualising is the best way to compare. A project returning 20% in 12 months is better than a project with 40% return in 3 years.

Joint Ventures & Syndicates are not a new idea. If Microsoft was so good, why did Bill Gates bother "sharing" his profits by floating his business? Access to more capital.

That's a personal question. What do you feel is an acceptable rate for a term deposit? The development margin is commensurate with the inherent risk in a site. ie: If you're buying a contaminated site in a remote location, you'd want a big margin. If you buy a site with DA already done, in...

A lot of developers got burnt by CBA/Bankwest during the takeover. Raine Square ($600m+) is one that comes to mind. If the bank has given you the undertaking to provide finance, you meet your contractual obligations, and they aren't forthcoming with the cash then you would indeed be...

You're right. There's inherent risk in everything. The job of a good developer is to identify the risks, and remove/reduce where possible. Let me put this scenario before you: I've just negotiated the purchase of a small (3 unit) DA approved site, subject to pre-sales. So, even before...