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Thanks Steve. I’ve been away.
Never having done developments like this before i’m at a loss and out of my depth.
As a retired FCA with international marketing etc, the planning, costing, budgeting, marketing etc are the easy bits.
Finding an investor is the tough bit.
Ideas like ours is worth a fortune once finance is approved but until then it’s just “a good idea that’s worth nothing”.
This is in Howard, Qld and is quite possibly the best location in Qld for an eco-village.
Holdens have advised they will finance after we have pre-sales but in need to get to that stage first. $250K is more than enough.Thanks for your input Steve. All comments and suggestions gratefully received.
I’ve had meetings with many a town planner – here’s how they go –
“$10,000 paid in advance to lodge your Section 242 Preliminary Application. $15,000 to lodge your full application for MCU and compliance with all Codes, 50% up front BUT if the Council comes back with something that we “didn’t anticipate”, then we will charge more.” (give us a blank cheque)
Not the most professional consultants i’ve ever come across!!
And my understanding is that they are merely consultants, and do not project manage.
Naturally they would not pay any of the development costs so that’s what the investor is for.Yes Cory, 100 to 250K is enough to take it ready to sell off the plan.
Remember this is an eco-village and does not entail most of the normal costs of subdivided developments.
A CTS will bypass all that.
Once we get it to pre-sales, 1/2 acre for $35K or house and land for $150K+ should sell quickly.
I note you are a funder.
What do you know about preliminary approvals, MCUs, funding for CTS?
GRV is around $6.7M and costs around $3.5M but i’m an old guy and struggling.HeatherJ and group, i’m on the other end of the beginning cycle.
I’ve spent 9 months creating a full scale working model for a small scale (178 houses) eco-village in the Hervey Bay (Qld) area and trying to find people who will partner with me as an investor to begin the development.
I can pay $500+ to join an angel group (been there) or try these types of groups to find a mentor or investor.
So, where do people who have ideas and plans but insufficient money to take their dreams to maturity?
We have a contract on a nice block and in the process of lodging Council applications. With the right investor it can all happen within a few weeks or months but where do you find the right people?
Any advice would be appreciated.
