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  1. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Yes I'm seeing a lot more of these popping up in my area (Modbury) for brand new stock thats been developed. Developers are paying less for the costs to do and buyers haven't seemed too concerned. Spoke to another developer/builder this afternoon and his comments were 'most buyers are buying...
  2. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Hrmm bit odd as it was my surveyor who suggested that a Community Title application would avoid the need for a sewer main extension.
  3. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Following up on this thread, about to submit my application to council for planning approval. But as expected have a dreaded sewer main extension required. Did you have the option of going with a community title instead of doing the extension? Did you get a prelim report done up from SA...
  4. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Haha I've got my saved searches... gives me alerts (don't always work and most of the time I end up going in myself about twice a day :)) Best of luck
  5. Brady

    First development 8.65% ROI and $100pw cashflow positive

    This one should be a goer then. http://www.realestate.com.au/property-house-sa-seaton-117695299 ticks a lot of boxes. Purchase price will be the key.
  6. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Not sure if can make this one work. http://www.realestate.com.au/property-house-sa-park+holme-117686447 I haven't looked at the dev plan for the area. House is set reasonable close to the road, possibly sneak a garage/carport front of the house. Might be too tight, also not sure if enough...
  7. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Would you have done anything differently in the process. Did you engage any professionals prior to going to the builder? Draftee/engineer/architect/town planner
  8. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Sounds like a plan with the wine :) When did you last have the properties valued? Noticed on other threads few have mentioned some decent gains in the area...
  9. Brady

    First development 8.65% ROI and $100pw cashflow positive

    I would say unlucky Erica but you need to act super fast with these types of properties, because ever body likes them because it's usually pretty straigt forward. 3 days is too late, need to be ready to make an unconditional offer on day 1 to secure these.
  10. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Erica another one that could potentially fit your requirements nicely ;) http://www.realestate.com.au/property-house-sa-camden+park-116546759 I do recall we were both at auction for a camden park corner block which went for ~$525k This one is slightly smaller sqm, but could be a nice...
  11. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Auction. 54 Wallala Ave Park Holme www.realestate.com.au/property-house-sa-park+holme-116488915 - 9km to CBD
  12. Brady

    First development 8.65% ROI and $100pw cashflow positive

    There was one at ridgehaven (27 hawke st) in the last few weeks, told a colleague about it, but by the time she rang up already had around 8 offers.
  13. Brady

    First development 8.65% ROI and $100pw cashflow positive

    Thanks for sharing Erica. Sounds like great lessons learnt, sometimes these are invaluable lessons.
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