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  1. MTR

    Where to buy development sites for $350-400k in Melbourne???

    Thanks Yes, very happy with the outcome, onwards and upwards.
  2. MTR

    Where to buy development sites for $350-400k in Melbourne???

    Just got my 4 unit site in Thomastown approved, development sites have started to rise. I also think Lalor is another area to watch. For those interested, article in API on Thomastown, recommending this area, close to city and on the move:)
  3. MTR

    Where to buy development sites for $350-400k in Melbourne???

    For my recent project I need 4, 3 will not work.
  4. MTR

    Where to buy development sites for $350-400k in Melbourne???

    Hard to determine until designs are finalised, however on preliminary feasibility total build including land will be just over $1M and currently looking at around 23-24%. I paid $428,000 for the land. As I mentioned sticking to the bread and butter areas, also I prefer to go in at a lower...
  5. MTR

    Where to buy development sites for $350-400k in Melbourne???

    10% deposit is required. Oscar organising this, I am confident this will be fine for a number of reasons:) Not sure how many I will sell and hold, its a numbers game, creating income streams and it will also be dependent on what is happening in the market at the time of completion, whether...
  6. MTR

    Where to buy development sites for $350-400k in Melbourne???

    Hi Yes, these are bread and butter areas, nothing fancy, but this property will make the % (profit) required to make it work and the plan is to have two on the go pa. Oscar will be organising plans and permits straight away, lets see what happens with Council etc. DD, I have purchased in...
  7. MTR

    Where to buy development sites for $350-400k in Melbourne???

    Hi All We just secured this one today at auction, 4 unit site, excellent location, went toe to toe with a builder, builder actually secured it however there was a last minute twist, builder wanted 120 days settlement, we came back with 90 days and they took the offer...
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