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    Boarding Houses/Student Houses

    I've got a couple of share houses in Adelaide. SA is the same as Vic. More than 4 separate tenancies and it classes as a "rooming house", ... with all the associated regulations and compliance.
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    Small Development in Adelaide

    I am in the middle of a 6 townhouse development in Adelaide at the moment (3 x 200m2, double storey and 3 x 150m2 single storey). Final contract prices on the houses ended up being around $1000/m2 for the basic house (regardless of single/double) and around $1300/m2 including all the extras...
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    Adelaide Investor Groups/ Clubs

    I'm sure I've seen someone mention a group of Adelaide investors that already meet in this forum somewhere, but I can't find the reference anywhere. Gools may have been the one who mentioned it.
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    What are the costs and steps of subdividing?

    Wouldn't that be 75k :D I assume that you are working from the premise that you already own the property as your PPOR? If not, and I was treating it as a buy and sell development, I would also be including purchase costs and holding costs (interest). That would likely give you a very...
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    Sub Dividing in Adelaide

    Not really. I have other IPs which are working well (cash flow +ve), that I am planning to keep long term as a buy and hold strategy. One of the main drivers for doing a development rather than purchasing more buy and hold properties, is that I would like a relatively quick turn around to pay...
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    What are the costs and steps of subdividing?

    I am going through this process in Adelaide (Marion council) for the first time at the moment. The steps I have taken so far: Buy land :p Find a builder - Aug 09 - Nov 09. It took a while. I had concept plans which I asked builders to quote on, as off-the-shelf plans wouldn't work with the...
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    Adelaide Investor Groups/ Clubs

    I would also be keen to find out if there are any groups in Adelaide. Maybe we could make a group of 2 ;)
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    Sub Dividing in Adelaide

    Yup, 30% would be nice :cool: My 20% projected profit is excluding CG and assumes all of my 5% contingency is spent. This 5% may be a little low, but I am comfortable that I have got most of my costs nailed at this point. I think the only way I'm going to get close to 30% is if the market...
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    Sub Dividing in Adelaide

    Why do you say that? Admittedly I am completely new to this, but when I say that I need to fund 80% of the cost of my project, I am not saying that the construction will cost 80% of the final value. I am saying that I want to fund ALL of my costs, which I have calculated to be 80% of the final...
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    Sub Dividing in Adelaide

    If only construction was underway :( I now have subdivision planning approval and construction planning approval. Demolition is underway so that I can get the new lots pegged and finalise the subdivision paperwork ready for submission to the DAC. Ironically, it isn't the subdivision...
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    NOBO panel heaters

    I needed to make the same decision last winter. I have a couple of IPs that I have set up as share accommodation. One of them is an seven bedroom house with 1 bedroom granny flat and inground, solar heated pool. Our contract with the tenants is that we pay all utilities, including the first...
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    My Development Costs 2009

    Thanks for the support Gools. I have previously posted a few other details relating to the same project in http://www.somersoft.com/forums/showthread.php?t=59550, but will endeavor to keep the forum posted :p as the project evolves. I have signed a preliminary services agreement with...
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    My Development Costs 2009

    Hi, Great thread. I'm just embarking on a 6 townhouse develop about 5km SW of the Adelaide CBD, so it is of real interest to me. I would second the view on pushing the limits. I am pushing coverage and setback limits, and as a consequence the council planning has taken a while, but I feel...
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    Sub Dividing in Adelaide

    Well, they have told me they will. I have been dealing with the same "Relationship Manager" (where do they come up with these names) for a number of years and have always found her information to be reliable, so I have not reason to believe they wont. Having said that, I haven't formally applied...
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    Sub Dividing in Adelaide

    Damn, your reply prompted me to phone to my bank for clarification and you are (at least partially) correct. As background, my bank has confirmed that I can finance this project as a residential project even though I am building 6 residences (this is because they are on two titles, giving...
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    Torrens vs Community subdivision - Adelaide values

    Others thought TT would add somewhere north of $10k to each of the six properties. The sum of the advice I have received certainly favours TT. I can't help with this one sorry.
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    Torrens vs Community subdivision - Adelaide values

    Lee0709, thanks for the advice. I think our posts have crossed. Yes, I have read the thread relating to the dramas you have had with subdivision, trees and plumbing. Of course, our dilemma is that it is impossible to know if we really are adding that $10-$20k of value through torrens title...
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    Torrens vs Community subdivision - Adelaide values

    The consensus definitely seems to be torrens title. I have now confirmed with SA Water that their quote does include new meters for all titles. In their words "The quote includes everything" :D Gools, thanks for the suggestion regarding Fyfe. I have considered using a development...
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    Sub Dividing in Adelaide

    Are you sure this is correct? Admittedly I am new to this, but the information I have received is that you need to have the titles issued before you can sell the properties, but that you can start building as soon as you have planning and building approval from the council (i.e. without...
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    Torrens vs Community subdivision - Adelaide values

    Good point about the new connections - I hadn't really considered that :o The preliminary quote doesn't mention provision for them and so is ambiguous. From their quote: "The costs associated with providing sewer and water via a mains extension would be in the vicinity of $xxxxx for sewer and...
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