qld developments, beginner! Needs a start!

If you’ve never done this sort of thing before be very cautious.

Have a look at the post on the risks of property development in this forum.

Then have a look at Residex’s predictions for the SE Qld unit/ townhouse market for the next 5 years.

They predict NO GROWTH for 5 years, based on the fact that historically every time there has been a boom in Australia of the magnitude that there has been over the last years in Qld, there has been a slump or bust that has lasted at least 5 years.

Maybe its not a good time for a beginner.

If you still wnat to proceed get someone experineced to hold your hand.

Have a chat with Sailesh Channen of Developers Edge –
http://www.developersedge.com.au/

he may be able to help you.

Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.au

By the inch it’s a cinch by the yard it’s hard.
Look before you leap.
Every investment or business I have been involved in has had the benefit of a business or investment plan.
Have I made mistakes oh hell yes.
That’s why I know that failing to plan = planning to fail.
Perhaps you could consider going in with a small operation first like a Reno.
Another way to reduce your risk would be to partner up with someone who has the knowledge or skills, only consider how to find them first.
Remember do your due diligence on all people involved.
Since you are new to the area you must remember that not only do you not know the area but also you don’t know the trads people in the area either.
That’s why I suggest doing a comfortable sized Reno first.
It would put you in touch with some good and bad trads people and guess what the good ones will be able to give you a few contacts of theirs if asked.
If you need a good plumber just ask your good carpenter etc.
Hope this helps.
“Learn from the mistakes of others, you won’t live long enough to make them all yourself” Richard Denny.

Email [email protected].
Fax 0246482374.
Mobile 0425201055.
For all your CLEANING and GARDENING work.

Hi,
Gee do I detect a hint of distaste for professional property developers?

Anyway. I believe,as with all things, the best way to approach something like this is to research and lay out a plan.

There are, believe it or not, DIY books about building and project managing a property development. They clearly outline everythign that needs doing, who does it, how long it takes and what sort of materials are used. I would (and am going to) start by reading these, by talking to a quantity surveyor + builders to get pricing “ballpark figures”. I would then sketch out what I want and how much I want to pay and what sort of profit. Then I’d work the in between steps to figure out all the various work details. Then, I would make a call as to whether to hire on a dev company or manage it myself and work out how much time / money all that would take. Once I’ve done all that I’d pretty well know if I was going ahead and how I would do it.

If you do things step by step, broken down into the smallest steps, you can do just about anything. There are a number of things in this world that are exchangable:
Time, money and experience. If you have all the time in the world you don’t need experience or money (you could grow the wood, quary the stone, make the bricks, dig the holes etc…) If you have enough money you don’t need the other two and if you have enough experience, likewise.

You just need to work out what commodity you have the most of and what you would like to use most sparingly and find the mix of the three that achieves your goal.

Calling all Moderators – this is dangerously off course and nasty.

Can we get it locked???

Ha Ha Ha Ha

“JER-RY…JER-RY…JER-RY…JER-RY…JER-RY…”

(oops, I thought we were on springer)[biggrin][chill]

This is what I consider in doing a devolpment first i conduct a thorough analysis of the physical and regulatory characteristics of a site before development begins is essential to the development process. The information
obtained about the proposed site will inform every stage of the venture. These
guidelines are most relevant to new construction developments, although some
of the site information is also relevant to sites with existing buildings.
The site analysis is important for the following reasons:
1. It guides the determination of project size, or density
2. It will determine the best area of the site to locate the buildings, and a
course of action to protect natural resources and mitigate any negative
environmental impacts.
3. A basic physical site assessment will look at the site’s capacity to “carry”
the type and number of proposed dwelling units, the availability of utilities
(water, sewer, electricity, gas, roads), and the suitability of the site for an
on-site septic system if one is necessary.
4. A site analysis reviews the regulatory and legal limitations to
development, such as local zoning or deed restrictions.
5. Thorough information about the site will assist bidders in preparing
accurate project schedules and development budgets.
Site conditions commonly identified and analyzed are: steams and water bodies,
wetlands, slopes, soils, surrounding area, vegetation, and habitat. A wetlands
consultant may need to be hired to flag, or delineate the wetlands for some sites.
Similarly, if there is historical information or physical evidence of possible site
contamination an environmental assessment may be required.
There are local and state land use regulations that need to be considered as part
of a determination of site feasibility. These include local zoning regulations that
outline land use, environmental protection requirements. In some instances, it
possible to get exemptions from local zoning and other land use regulation,
however a developer/owner still must comply with state requirements Outlined below are some of the questions that you should be able to answer
about the site, along with some potential sources of information. There may be a
great deal of site related information available to you as public information at no
charge or minimal photocopying charges. Consultants may be hired to prepare a
site feasibility report to answer these questions, depending on your own technical
capacity and time availability.

hope this helps

Michael Yardney,
Are you a registered building practitioner with the building commission. I think that is what colbert was asking. With all due respect, Being a member of the HIA does not ensure you have the appropriate insurances in place etc, my dog could join the hia if he wanted to and he could put their stickers on his kennel. Also does your project managment service carry public idemnity insurance and if so how much 10 million ? more ? less ? I think you must be a nice guy to put up with the mud slingin from colbert. I think he wishes he was you.

Wow colbert you seem to have some issues here with Mr Yardley and it appears that your aggresion is from some personal loss or jealousy??

Delboy – i am developing in SE QLD and would love to give you some guidence to help you on your way into creating wealth through property.

I don’t agree with RESIDEX that this area will not grow over the next 5 years (M.yardley)

There is always a deal to be made in property, developing, renovating, extensions, dual/occ, duplexes, new buildings, land rezoning etc etc its just a mater of timing and whats popular at the time.

I was one of the key players who sold and conceptually designed what is today Laguna resort in the Whitsundays in 1988 and there have been many corrections since then.

So delboy – go for it mate – do your home work and don’t be in a hurry to get rich quick.

resiwealth

I have just been through this post and deleted everything which did not add value to the thread.

Colbert and his aliases have been blocked from posting.

Please advise me by email should he rear his head again.

All the best,

Simon Macks
Finance Broker
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Just block each IP address he keeps appearing under. This should stem the problem.

The Mortgage Adviser