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Hi Mark thanks very helpful information. Plan to contact architect this week for further clarification. Cheers, MTR

Hi all just wanted to give an update, also have a couple of questions for those who have been down this road before. Received my quote from architect - $20,700 upto town planning stage. Details of costings have been itemised. One interesting item was cost of $1,200 for landscape...

Hi Attrill That's the plan, sell it once DA is approved. Cheers, MTR

Some good news today architect presented preliminary proposal for 8 unit site to Council and seems they are in favour of this type of development. Onwards and upwards I hope. Cheers, MTR

LOL, it won't be panadol.... I'll be using a rubber mallet on the architect, he never returns calls, in slow mode at the moment. Cheers, MTR

Well I will know shortly whether I have a real winner, architect tells me that builders will be jumping for this project we are targeting the lower end of market where the margins are attractive for builder. Cheers, MTR

Hi Aus, Yes, I was initially looking at developing this site. Due to the time involved in building, finance and risk have decided to just do a DA. The DA is extremely profitable without the headaches. Cheers

Hi Aus Profit should be around $320,000 and yes would sell after 12 months. Would I need to pay GST as I will not be developing just onselling with plans/permits Cheers, MTR

Hi All An update, I just got back from Melb met with the architect who is progressing with a DA for 8 Unit site, his costs around $32,000, almost double costs of other quotes, but have been advised he is one of the best. I have decided to go ahead with a DA and not develop, take the money...

Hi Ausprop I have guestimated that the cost to build including land will be around $1,920,000 completed, this does not include holding costs. Once I meet up with architect/builder I will get a better idea of period it would take from start to end. In today's market I should be able to...

Hi Ausprop Only one reason, Finance. I posted here a couple of weeks ago and was told that it would be almost impossible to get a bank loan due to my lack of experience and also due to the number of units it would be a commerical loan, 65-70% LVR. I could build my smaller projects first...

Hi boobs99 Thanks for reply, constructive advice is always welcome. I have thought about this scenario. Firstly, I purchased the land below market value, due to the fact that it is an irregular alotment, also cos it did not hit the market and I was able to make a quick decision. If...

Hi AndrewL this area in Melb has had incredible growth, I read somewhere that it had recorded highest growth over last 12 months. I am confident this will continue but not at the same level, but there is great demand at the moment. My target is the lower end of the market, affordable units...

Hi all I purchased a couple of houses next to each other with a view of developing 6-7 units, I have just been advised by my architect that it is an 8 unit site. I am currently looking at all options. Easiest option would be to prepare a DA for 8 unit development. No risk and in today's...