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Wow. That's yet another example of their "expertise", those interest rates are shocking

Not a problem, let me know if ever needed. Re furniture - at the moment it isn't wise to furnish apartments imo as there is a surplus of them, especially in east perth and rents have really dropped for them. In some cases furnished apartments with nice furniture (say 20-25k worth) are...

Crido I go past the site pretty often, at the moment at least once a week so let me know if you ever need any photos

it really isn't that far out and is close to cannington which is a sizeable hub. For reference, it's only 15km to cbd, 10km to vic park and has easy access to Tonkin, Albany and roe highways I wouldn't discount it as a place for multi developments, I looked at some sites there myself. the time...

sounds good to me, where do i sign up?

From memory the company gets paid to put the deal together and then at the end. I think half upfront 5% of total project cost and then balance 5% at end, not performance based. The initial capital investors put in also formed part of this. My figure could be wrong but km pretty sure that's how...

Holy crap!!! Looks like the apple doesn't fall far from the investors clubs tree

How much is this more expensive option? I'm amazed these clowns took do long to organise finance and the did a bad job of it by the sounds of it. Is it double brick construction? If so there's no way your roof will be on by Christmas, they also have to let your slab cure

Push, sorry to hear. There certainly have been a lot of alarm bells re their projects. How high were these interest rates??

But even that isnt good enough, why 11 months to go from DA to build licence application?? Imo you need to start getting justifications for their inadequacies and look at exit strategies (if any) just in case

The thing is Myf, they received DA approval in March 2013, what on earth has happened since?? I think it is pretty poor form that they have been launching more "investment opportunities" instead of focusing on the ones languishing and it doesnt sound like communication has been as good as it...

they have got a site on windsor street around the corner from mine that they got a DA for around 2 months before i did. i dont believe they have even done earthworks yet.

Are you doing some multis too? Welcome to the club

yeah as much as the interest is not fun id argue the opportunity cost of having the $$ tied up and inaccessible for 7 months longer is worse

It's a funny one, when danny psaros did 2 bedders in the mid 60s for his NB developments on stirling st in 2011 i thought there is no way they would be accepted by the market but they were. apartments are going smaller and smaller but so far market seems to be accepting it. having said that...

ive got a smaller development going up around 100m away from this one so im certainly hoping those expected sale prices eventuate, will be great for the area.

Thanks Crido, looking forward to the regular updates. FYI Boods who posts on here is part of Bird Property Group