I am looking to do a development in scarborough but ive been told by my broker that commonwealth bank or ANZ now wont release funds for a development until subdivision approval has been granted.
I’ve heard approvals can take from 6 - 9mths (?) which would blow the profits due to land holding costs.
Does anyone have any comments on this or ways/suggesstions to get around it?
I’ve heard approvals can take from 6 - 9mths (?) which would blow the profits due to land holding costs.
Does anyone have any comments on this or ways/suggesstions to get around it?