Building Costs and general cost of development

Discussion in 'Innovative Techniques' started by gone_walkabouts, 19th May, 2015.

  1. gone_walkabouts

    gone_walkabouts Member

    Joined:
    28th Sep, 2014
    Messages:
    1
    Location:
    Sydney, NSW
    Hi all,

    My current strategy is to buy a larger block in Brisbane, either an LMR block or something that can be subdivided (or is on 2 lots etc).

    Where does one start to put together a comprehensive list of costs ? Is there a site or perhaps organisation that can provide that IP.

    I am particularity interested in to understanding the cost of building either townhouses, units or 2 x properties suitable for the local market demand.

    The idea would be to hold or sell these assets once built, depending on market conditions when they are complete.

    Any link, thoughts or advice on how to achieve this is warmly welcomed.


    Obviously the idea is to do the feasibility on the development before purchasing the land :D;)
     
  2. Sailesh Channan

    Sailesh Channan Member

    Joined:
    22nd Feb, 2005
    Messages:
    543
    Location:
    Brisbane
    In my experience there are a lot of variables that can have and impact on splitting a block apart from the usual council development costs.

    Therefore, it is necessary to assess block on its own merits in terms of the development viability and feasibility of the project.