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  1. M

    Buyer wants to cancel contract..can they?

    All good from the agency perspective, no commissions payable. Thanks for the reminder :-)
  2. M

    Buyer wants to cancel contract..can they?

    Thanks for your feedback. Makes sense. We'd just be happy to let him cancel it and retain his deposit....we don't want to hold people to buying something they don't want. If we retain his deposit that'll well and truly pay for the expenses incurred on that property to date (conveyancing...
  3. M

    Buyer wants to cancel contract..can they?

    Well thats what i was thinking but our RE Agent seems to think otherwise and reckons we'll have to refund the deposit. Hmmmm...
  4. M

    Buyer wants to cancel contract..can they?

    Hi SS's, Need some advice from my trust SSers :D. Buyer signed contract few months ago to buy one of our homes that is currently under construction?contract was subject to finance and subject to the sale of his property. All conditions satisfied so for all intents and purposes contract...
  5. M

    Trough's in laundry.

    I would not survive without my laundry trough...i use it to handwash and soak the kids clothes that need a bit of a napisan treatment. I often also use it to wash my really big jumbo stock pots which are messy to deal with in my domestic sink. Again from a sale point of view, i wouldn't...
  6. M

    Any pest controllers on SS?

    I don't trust the advice of the pest controllers i've called because they would have an interest to score more inspections out of me if they could. So, we own a group of about a dozen townhouses...they are all attached by a common party wall so its like 1 big building. They are about...
  7. M

    Cruise - Anyone been on one?

    Actually we booked our cruise quite far in advance (soon after the booking opened) and the price has steadily gone up each week...i think the chances of getting a super cheap deal is only when they have a handful of cabins left closer to cruising date that they want to fill up...we've always...
  8. M

    Grandparents Looking After Grandchildren

    We're probably in the minority where our Kids Grandparents whilst are present in their lives, sees them often yet very rarely offers or agrees to babysit. I get a little bit sad when i see or hear my friend's parents literally debating who gets to babysit the grandkids this weekend or next...
  9. M

    6 unit development Melbourne

    1. Agree with previous poster, 130m2 allotment size is not too small for a 2bedder. We've got one at the moment which are on 92m2 and they are 2 bedroom townhouses. Not a 'spacious' townhouse but with clever design it can turn out quite well. 2. Research the target market. If its primarily...
  10. M

    Cruise - Anyone been on one?

    PS. Norweign Cruise Line recently had a promo where 3rd, 4th and 5th passengers travel free which made it even more affordable. Book direct with NCL and you can be gauranteed that if a better offering came along after you've booked the cruise, you're allowed to take advantage of that offer...
  11. M

    Cruise - Anyone been on one?

    We went on our first one just over a year ago on the Royal Caribbean Voyager of the Seas which was at the time the largest cruise liner in Australia and ever since then, we've become obsessed with them! The shows each night on our ship were outstanding. Even better was that we never felt the...
  12. M

    My new purchase - Highbury SA

    Hi Zamya, Every policy area has a min allotment size. I just had a quick look at the min allotment size or PA 64 is 300m2. Refer to page 402 of the Development Plan (its on the same page as the heading Residential East PA 64) Hope this helps
  13. M

    What buliding rate per m2 are you achieving?

    End value of $380K in North Plympton (2 bedders) $330K in Pooraka (these are 3 bedders) $435K in Brompton (2 bedders)
  14. M

    What buliding rate per m2 are you achieving?

    I've not found over the past year that you just because a builder gives us a good rate on 1 development, that i can rely on getting that same rate (or even close to it) on the next development. They vary so much from site to site (for what exact reasons i'm not sure) so I always tender it out to...
  15. M

    What does profit margin tell you in a development feasibility study? Not much?

    This is very true....we don't only look at the 20% margin...this is only a rough guide. We look at other factors such as the ease of the deal overall, whether its easy to get x number of homes on there and be pretty much fully compliant with all the council requirements, if it is very...
  16. M

    Duplex development - Does this look right?

    I agree the construction costs allowed for is too little. Work on about $1550/m2 and that should cover you (this rate usually includes everything to provide you with a finished/complete site including landscaping, paving, fencing, rain water tanks, etc).
  17. M

    Purchase existing boarding house or build one on my own

    Hi, whats your objective with the boarding house? Presumably to run it as a profitable business? Have you done your feasiblity on it and is it looking like a worthwhile business to run? Only reason i ask is because $100,000/annum might seem great but that might not actually be anywhere near what...
  18. M

    Developer mentor to share profit

    Before you go out hunting i would first get your finances in order. Know exactly what you have to play with, no point finding a beauty of a site only to realise later down the track (i.e. when you're ready to develop the site) that funding will be an issue. You'll need to think beyond just...
  19. M

    Negotiating with Builders

    We've just gone through another round of tendering and found not only have build prices increased significantly from what builders were quoting 6-12mths ago, we're struggling to get any builder to give any type of discount. Ours are community titled blocks (common access driveway involved...
  20. M

    Townhouse development

    Agree with the other posters, $3.3M is a huge amount of money to invest and without knowing or providing more information about what the zone allows for, constructions costs, resale values etc, its impossible to give any type of feedback. Would however definitely not recommend doing a multi...
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