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We don't plan on selling any. As long as the rent covers the loan, we will keep them. We won't have money in our pockets probably, but right now the rent doesn't cover the interest and we want to change that.

Total of the two blocks is about 120m x 15m frontage, blocks back to back with one houses on each facing each street, which both must stay. One will be moved to allow a driveway beside it, and it seems we have better chance of approval if we also move the other house forward to give a larger...

No plans to develop further... But we need values to be high enough to refinance as these are built in stages. TMNT - do you have any development experience or thoughts on my very loose figures?

Now you are confusing me :confused:. We have no projected sales. We will build and hold. We will have a big debt but rent "should" cover it, even if it doesn't put any money in our pocket initially. But, if you mean what "could" we sell them for if we planned to sell... then that would be...

The plan is to hold these. If we have to sell something, it will likely be one of the houses. For this reason, we are not working to a bottom line like a developer would. That doesn't mean we don't need to be careful or watch our spend though. But I'm prepared to spend a little more for easy...

I found this on the plans - Proposed GFA Unit 1 - 115.0m2 Unit 2 - 115.0m2 Unit 3 - 115.7m2 Unit 4 - 122.4m2 Total GFA proposed 468.1m2 - 40.6% of site area. We asked local letting and sales agents what tenants and buyers would be looking for in this position. The answer was three good sized...

For the DA we are about to lodge, I was working on $300K per townhouse, ballpark figure. Having spoken to a young lady who has done a development at Paddington recently, and telling her roughly what we are doing, she suggested we allow more like $360K per townhouse, assuming a reasonably high...