Advice in developing 4 residential units

I have personally done 3 dwellings on a title and then subdivided. Where is LMD? Are you referring to units, villa, or townhouses? Have you got DA and CC already? What are the sites costs like?

Regards

Shahin

How much profit you’ll make and costs associated with the project is up to you to work out. You can’t expect someone else to do your home work. Maybe re word your post to how do I work out if the development is feasible or not? Otherwise it sounds like your being lazy.

Hi

Is it LMR 2 storey or 3 storey

Have you checked out if the neighbourhood plan changes anything

My clients have been buying around the 150K a site for middle-outer stuff like Zillmere

Infrastructure charges 18k per 2 bed 26k per 3 bed, 1 credit for the existing lot

Town planning fees $3600 plus GST 

council app fees $5205 – $7690

Surveying $2-$5k

Design $5k

That is your costs up to approval (although IC's can be paid later)

Construction costs need to come from someone else, PM me the address and I will let you know what area it is in

D

I have written an article on just this subject in the February edition of the API magazine.

Personally done around 40 separate Strata Title blocks in Brisbane since 1997 everything from a 4 pack to a 24 block in New Farm.

Darren at RPI has given you a pretty good break down of costs.

Cheers

Yours in Finance