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Basically if you are registered for GST and build a house for resale but then change the purpose by renting the house out you have to pay back the input tax credits on the property. A property held for rental is input taxed so no GST credits are available on the cost of building it. Then using...

If I was applying for finance I would look at it this way - 75% TDC - $1.84M 65% GRV (Gross realisation value) - $1.98M So a bank would lend you up to $1.84M (always the lesser amount of TDC & GRV) So in this case you would have an extra 5% up your sleeve if you are contributing 30%...

Hi Evan, I work for a bank in the property finance section. Trying to find my own site at the moment and my feaso's keep coming back with a 15% return, it just seems that the builders are making most of the money out of the process not the developer. Generally for a project of that...

Hi Evan, Sounds like a great deal, in my day job I finance a number of BNE developments of this size and to be honest the only people I am seeing making 20% profit on TDC is an owner builder as they always load their 10% margin in on costs. Can I ask why you are throwing in 30% of TDC when...