I am also interested in this – Florida approx 50k-70k as 50% finance I will supply the other half.

Thanks Richard – I am trying to find construction costs for other building around Charters Towers, it seems that not a whole lot is going on there at the moment.  I will be going for a drive in a few weeks to pay a few builders a visit and to have a closer look at the house.On a side note I have just changed my other loans to interest only to…[Read more]

I will wait until the new edition in Feb for the Rawlinsons Construction Cost Guide, thanks for the tip looks like it is a fairly comprehensive guide.So far the figures I have been given from builders around Cairns is: $1100/m^2 First Floor$1500/m^2 Second Floor$2000/m^2 Third Floor Thanks again.

Thanks ScottThe intention is to achieve positive cash flow and hold onto the units, using the equity created to purchase more property.Is the staged plan a good idea? or should we just borrow a little bit more to cover repayments during construction (say 6 months worth) and do the whole lot in one go?  Can you defer payment during construction,…[Read more]

Do you still need advice on this?I am a young engineer – I do a lot of stormwater design for the North Queensland region.  I can probably do some quick calculations for you to give a ball park figure. i.e. calculate flow rates to determine pipe size which of course will determine the cost.

Thanks SonyaReducing my tax sounds like a good idea, I thought about doing this a while ago, but I do like the lump sum return every year – I guess forced savings.  I usually put it towards a good cause.I am considering my next purchase in Melbourne (Richmond/Prahran/Fitzroy/Carlton) , OR possibly Orlando, Florida.  I need to do a lot more r…[Read more]

To add to the above post I have 2 IPs already with approx 150k in equity.  My father also has approx 700-800k equity in his PPOR which we can use to finance the construction.