Hi everyone,
I have been reading these forums for some time now and have found them very valuable. So I am hoping somebody can help me with a little more specific information.
I am intrested in finding out ballpark figures for property development. I know this is a bit like how long is a piece of string but here goes anyway.
I am considering the purchase of land and putting approx six units on it in a few years. The main area I have been looking in is Bundaberg in Qld.
I understand there are any number of variables to be considered in a project like this, but I am only intrested in very rough figures at this stage. If someone has done something similar a breakdown of the costs involved ( building costs, council fees, consultant fees etc. ) would be very useful.
I am especially intrested in cost of building and again I know it depends on size, style, quality of fittings etc. etc. But how much should I allow in rough calculations on fesability??
Thanks!
I have been reading these forums for some time now and have found them very valuable. So I am hoping somebody can help me with a little more specific information.
I am intrested in finding out ballpark figures for property development. I know this is a bit like how long is a piece of string but here goes anyway.
I am considering the purchase of land and putting approx six units on it in a few years. The main area I have been looking in is Bundaberg in Qld.
I understand there are any number of variables to be considered in a project like this, but I am only intrested in very rough figures at this stage. If someone has done something similar a breakdown of the costs involved ( building costs, council fees, consultant fees etc. ) would be very useful.
I am especially intrested in cost of building and again I know it depends on size, style, quality of fittings etc. etc. But how much should I allow in rough calculations on fesability??
Thanks!