what state are you referring to? and is the $5k on top of the $7k… or is $5k all that’s available? If this is NSW I would have thought it was immaterial compared to housing prices anyway.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

just as a thought – the number of Aussie buyers pushed up the kiwi market and resulted in the earlier investors seeing a handsome capital gain. I couldn’t see that happening in the US, so you may have to be a bit more careful withyour numbers to ensure it really is CF+.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

a further 33% downward correction? presumably you are talking about NSW and on top of the already corrected prices that people have spoken of on here? gees that would be a blood bath over there! imagine bank stocks in the face of NSW real estate valuations halving… or any stock for that matter. If this eventuated no one would be immune – except for the old school folk with notes shoved under their mattress

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

I went for yet another drive through Mandurah on the weekend…. the changes are amazing. There really is no place with similar attributes that is so easily accessible to Perth. The marina is stunning. Central Mandurah is looking cheap, triplex blocks still available for around $320k. The new releases at places like Madora Bay, Singleton etc are very very cheap.. $130k for coastal blocks!! The poverty factor is slowly changing as it blends into the Perth area. I still see the strip from Rockingham to Mandurah as promising the highest growth in the Perth area – a long way to go up yet from these give away prices.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

I understand the cost of building right on the coast is dearer because of the galvanised materials etc

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

as Rick pointed out, agents have a legal requirement to bank these funds into their trust account. the agent has nothing to be red faced or apologetic about, they were complying with the law. In future you would be better not to hand those funds over – the offer still states the deposit you will provide.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

great – just lost my post… an abbreviated version then:

PPA – prep of plans agreement
APG – a project building company, part of webb brown.

passed copy of post to an architect mate. he says:

“That’s truly @@@@@!. Apart from all the TLA’s (three letter acronyms) that I didn’t get ie PPA, APG, the copyright argument is complete @@@@ (thank god I attended my contract law and copyright lectures at uni). Truth is, copyright of any design is licensed to the owner of the block. Technically, the designer hands over the copyright of the design to the client but for use only on that site. In other words, the client can’t make copies of the design and re-produce it on other sites. And as a side note, anything an Architect designs for the government automatically belongs to the crown……….funny old world isn’t it

And also, thinking back, if she has paid for the plans she owns the copyright whether the building goes ahead with that builder or not. Any competent lawyer familiar with building law would tell her that”

so the best advise, as earlier suggested, may be to seek legal help!

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

tough gig Clive. I take it you don’t give out recommendations for APG?

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

gees Dan – big ask. total guesses if I can:

perhaps council and water rates – will only apply to the vacant block untilbuilt, so say $600pa each

surveyors fees – allow say $4000 to cover a prleiminary strata (so you can sell off the plan) and a final building survey so you can submit to planning authority

strata consultants – not sure, say $1500 to cover doing up a budget and running your first AGM

demolition – about $10k to get rid of the old house

diconnection of utilities – about $1000 to cap your sewer, disconnect gas, water etc

council crossovers – need to pay to make the driveway connect to the street – guess about $600 per drive?

compulsory landscaping – council will make you landscape and submit a plan of it before apprval. allow $8000 depending how big block is

reticulation – $2000

communal services such as power and water and lighting, – will you have a security gate or lighting etc? sceurity gate – $5000. lightitng $2000 water meter $500 communal pwer meter box – $3000

connection of utilities – be carfeul if 3 pahse – can be about $300 per property

loan application fees – i think about 1.5% of whatyou borrow also stamp duty on the mortgage

valuation fees value – allow $1000

artists impressions – $400

arhcitect/drafting fees – depends who you use or if you use a project buidler?

building licence fees – ?

council application fees – can bve 0 to $2000 say

contribution to building training fund – they ask you to pay a % value of the construction cost to train building apprentcies – cant recall how much. be safe with 1%

contingency – allow 5 to 10% of your total costs for things that can (and will) crop up

any retainign to be done?

please appreciate these wild numbers could vary radically and would vary from state to state and the size of your land area etc

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

pretty sinple – to make a profit you fill the demand. you need grouped dwelling or fast construction housing at a price that leaves you a healthy margin. otherwise clean the spare room out and let it

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856