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Thanks for the reply. Yes agreed if all relevant code are met then it would be approved quicker. Iam thinking some of the mum and dad developer h?ve factor into their calculations with holding costs and substantially eating away their profit.

thanks Shahin. your points cleared up alot of assumptions. In case of some rough numbers for a simple duplex. 1. Land loan holding for 24 months on $1 million @ 5% interest now is = $100K 2. Construction loan holding or 24 months on $600K @ 5% interest now is = $60K Therefore...

Hello all, I was at the pub talking to a few somersoft forumites and i realized that many inexperienced wannabe developer like me thought the time it takes from acquiring a property, to construction, then sell , then settlement will take less than a year or last than 12 months. Is it not...