costs for duplex construction
- Thread starter g.field13
- Start date
Good luck mate, I think you will exceed your expectations.
Good luck with your price, the market is pretty crazy.
Do you have to pay GST on your sales prices?
I think this is the main reason I haven't sold any of my developments.
Do you have to pay GST on your sales prices?
I think this is the main reason I haven't sold any of my developments.
Awesome work g field.
I'm doing the exact same as you now in Melbourne so it's nice to follow how you went about it. I'm spending the same amount except mine won't come anywhere near what yours will be so very well done to you.
hello g field,
Looks great mate, hope everything goes well on auction night.
Quick question for you. Do you think if you got the plans done first and then found the builder, so you think it would be the same cost roughly from the builder ? And do you think you could do it cheaper next time ?
Thanks!
Looks great mate, hope everything goes well on auction night.
Quick question for you. Do you think if you got the plans done first and then found the builder, so you think it would be the same cost roughly from the builder ? And do you think you could do it cheaper next time ?
Thanks!
great result so far - loving this.
yeah we were a bit rushed as we were working away in western Australia so learnt from that
just little thinks could have bought the flooring etc ourselves and got a better quality cheaper
should have done a bit mor due diligence on the builder the builder we chose we will never ever go with them again or recommend them to anyone
luke from pave and save did our landscaping he was excellent very patient with us and worked around his other jobs to squeeze us in
the stylists at bowerbirds in caringbah were great very friendly and worked with us to get the right furniture in etc
so we have auction this Thursday hopefully we generate enough interest to get a couple of bidders
fingers crossed it sells pretty nervous and stressed actually
just little thinks could have bought the flooring etc ourselves and got a better quality cheaper
should have done a bit mor due diligence on the builder the builder we chose we will never ever go with them again or recommend them to anyone
luke from pave and save did our landscaping he was excellent very patient with us and worked around his other jobs to squeeze us in
the stylists at bowerbirds in caringbah were great very friendly and worked with us to get the right furniture in etc
so we have auction this Thursday hopefully we generate enough interest to get a couple of bidders
fingers crossed it sells pretty nervous and stressed actually
Good Luck G Field.....you've done a great job and there's nothing else you can do now but let it run its course and go from there. Try and think positively in that there's no way you're going to lose (obviously) and if anything you are guaranteed to come out way better than what you first expected a couple years ago. Well done, fortune favours the brave!
What's happening G.
Auction pulled, was that agents advice?
I'm might consider doing a local high finish duplex soon to fill in a gap before a big project, but entry price would be crazy right now. I'd cash fund the buy and build through a trust, so that helps a bit.
One thing I don't know about is GST on sale price.
Can you advise about how that works?
Sucks building high value into a project only to have to give 10% of final val back.
I don't imagine you can claim credits for the initial land purchase, can you?
Thanks
Auction pulled, was that agents advice?
I'm might consider doing a local high finish duplex soon to fill in a gap before a big project, but entry price would be crazy right now. I'd cash fund the buy and build through a trust, so that helps a bit.
One thing I don't know about is GST on sale price.
Can you advise about how that works?
Sucks building high value into a project only to have to give 10% of final val back.
I don't imagine you can claim credits for the initial land purchase, can you?
Thanks
yeah ace we are applying the margin scheme on the project so should be able to save 70k on gst I think
to apply the margin scheme you must be registered for gst
and on the front page of contract tick the yes box to apply the margin scheme
the accountant has advised there are a few bits and pieces that also come into play when first purchasing the block to see whether or not you can apply
we are also on the hunt for our next project
to apply the margin scheme you must be registered for gst
and on the front page of contract tick the yes box to apply the margin scheme
the accountant has advised there are a few bits and pieces that also come into play when first purchasing the block to see whether or not you can apply
we are also on the hunt for our next project
Thanks g.field for all the information you've posted about your project, well done mate! Good to see you reap the rewards now that its complete.
I'm about to start my first duplex project in Sylvania soon, so ive read your thread from the start with great interest. In future, whats your plans for builders, will you stay away from project builders? look into the smaller custom builders for higher quality?
Hey Shams,
Im just getting into my first one as well at Cronulla. Started going down the path with Masterton to do an upgraded custom design to suit the area but they have now told me that my design is above their capabilities and have reccomnended a couple of private builders. Costs are a fair bit more but should get return when eventually sold.
Im just getting into my first one as well at Cronulla. Started going down the path with Masterton to do an upgraded custom design to suit the area but they have now told me that my design is above their capabilities and have reccomnended a couple of private builders. Costs are a fair bit more but should get return when eventually sold.
Congrats G, ripper result and well done.
Good result G Field, well done.
Keen to know your total costs once all is crystallized.
Keen to know your total costs once all is crystallized.
