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Thank you for the comments. We've managed to get the Development Approval from Council last year and part of the DA submission includes a geotechnical report, QS cost estimate, etc. I am going to work with my architect to get the CC at this stage and we are going to sign a lump sum...

Thanks Terry. The land is owned by a company. We've considered some of the items such as death and my family members (who are the owners and directors of the company) has prepared a will just in case. I will reconsider the items in your list.

Terry, here is list of the risks I can see: Overtime due to weather, etc. Over budget (but I hope this is not a major problem as I am going to sign a lump sum contract with the builder). Builder bankrupt? Quality issues (e.g. the material used does not follow what's in the contract).

Shahin, thank you for the reply. We own the land outright and my mortgage broker (who is experienced in multi-unit developments) has done an initial feasibility and cashflow analysis. The results seem ok at the moment and in the worst case my family is able to provide additional funding. We...

I am going to help my family to develop a 7 level 50+ units building (retails + apartments) in Sydney. I've already got the DA from Council and discussed with a mortgage broker who said the financial should be ok. I've a full time job in another industry and I don't have any experience in...