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You are quoting prices as if you are the builder (lebo, who lives out of their ute, on site every day and gets his cousins to do the work and doesn't pay proper wages but cash/ownership deals on settlement). As a devleoper where you outsource to a build it would be more in line of $250k for 2...

See below example: Sold for $930,000 over reserve was the caption (caption later changed). I bet you the agent thought they were the best 100% over the reserve etc... little did they know. Land has now been re-zoned. http://www.realestate.com.au/property-house-nsw-hurstville-115909943

If you don't know, then you don't have friends in high enough places. It takes 2 years to prepare an LEP. 2 years for secrets and future zoning to leak out.

It will be amalgamated with 4-5 other properties to make a 2500sqm block. A 2500sqm block with and FSR of 3:1 equates to roughly 90 units. In turn, market price today is about $150,000 a unit which means the site is worth $13,500,000. If split 5 ways thats $2,700,000. Not a bad return...

Everyone who builds in the Belmore area knows council has earmarked south of the station to Canterbury Road as high rise, this is just front running by Councillors/Planners family members.

In NSW, regardless of the contract as has been proved in court. The agent must be the reason for the sale of the property. If the purchaser went through and inspected the property with the first agent and then actually purchased when another agent was assigned, even though the first agent...

We are sort of on the same page about how money will be split (unit entitlement) and the nuts and bolts. There was talk of a creating a memorandum of understand but I am looking for something more concrete. We have once chance at this, if it falls through I fear that a lot of the owners...

So if you can't come up with the difference and you can't afford the mortgage repayments the bank will move in?

Morning gents and dams Council has re-zoned a block of land where I own a unit. There are 8 of us in the complex and there is potential for a developer to put 35 units. Anyways, all owners are in agreement to sell, however, is there some kind of agreement that all 8 owners can sign that...

From a developers point of view, those fitouts/european appliances is where all the cream is made. You would maybe get a discount of $20k on a standard 50m2 1 bed apartment. No developer would do this. Out of the 18 month build only three months is probably dedicated to fitting out...

Bad advice from above. You want to develop, build then sell. With a granny flat you never get 100% of the cost back. I.E. Spend $500k on block, spend $90k on granny flat. Unless there are direct comparables you would be lucky to get $600,000. Factory in holding costs and outgoings/agent...

So what is the best and most effective way to buy a property that is worth $1,000,000 but you are willing to pay $1,250,000?

Isnt there an abandonment clause?

Maybe, if you do get $800 a week then that is a very attractive yield for an investor. From a valuers point of view, probably not. Unless there are other comparable sales of houses/granny flats. The question you must ask yourself. Can I spend that $100k purchasing another house for say...

In NSW if the council LEP has the correct clause then all covenants created by a private individual can be 'set aside' if the planning law allows for the use that is being restricted by the covenant. I.E, no business can run on the land, however if the LEP allows childcare centres then you...

Flooding chance does not matter. What matters is the cost of insurance. If it floods and you have insurance its all good.

Kogarah is changing top 600sqm from some ridiculous number of like 850sq. Circa mid 2016 gazzetal.

Im paying $6k + costs to remove high voltage power lines. Circa $10k job in metro Sydney. Tree is large and fat, arborist said it would have been around when the aborigines were on the land. It would take probably three people linking hands to circle the tree.

RP Data in the old database allows you to draw out phone numbers for entire suburbs/streets depending on the input function the agent puts in. Those on the do not call list are highlighted red with an astrix but they still call them. You can also pull out the address of the owners even if...

Yep, big finds do apply