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Nah....far as I know...no one with a networth over $100m!!...I could be wrong?? Yes...correct about posting on the Coffee Lounge bit....I am strictly small time. Now can I hit you up for a few dollars??? I would like bed down for GFC mark 2!

No Shuggy...no reallty....have evaluated a couple of projects this year. Not as big.....but the headaches and insufficient margins was not worth it. Plenty of people I know who have done developments in good areas in Sydney who started with 35-40% margin. But by the end of the project it was...

Good to know that you had humble beginnings also. :) You are correct in saying that banks will only lend 60% LVR and at a stretch 70-80%. But hey I love to be a cowboy....love my stetsons and boots..I love my 97% LVR loans!!! Love country music (seriously ..I spent 1 year in the Southern...

Chill Aaron...this is public forum..so robust debate is good. You of all people have been party to this debate on other topics. ;) Who am I to say if you will or will not make money. I was just offering my 2 cents!:D For all you know...I am just a Slum Lord who knows very little about...

Sam very good points..... The stats for developers in Australia is not good...very high rate of failure for exactly the following reasons: 1. They build a product which is not targeted to correct market 2. They get the timing of the market incorrect 3. Understimate the building and...

OK....lots in Brighton proper for well under $2m. You have a pick of Balwyn, Hawthorn, Kew, etc for that price. No sure that $2m properties sell well in Richmond...maybe in the future by not now. My personal opinion only but anything over $1m-$1.2m is on the nose at the moment. That end of...

Yep....need more of them.....particularly in the current environment. Not saying that Aaron is not going to make money.....but I have picked up a few developments at bargain prices as the bank had to step in to complete the development. Aaron....not trying to be funny...assuming $8m in...