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Although not so much on the actual costs (Richard's ballpark estimate is a good amount to budget). I have managed the marketing / sales of developments for a few years now, so here's some information that may save you some dollars.
Your costs will depend on many things the level of finish is a big part of this. Build what the market is demanding – you don't need to build something that is amazing, but no one is willing to pay for. Look at different developers and see how they position their product (Villaworld – building the standard house at a very affordable price or someone like Brad McGlochlan homes who have a very nice product and you'll pay for it). Also, you don't have to build the biggest townhouse ever, if you can shave a couple of m2 off the townhouse size you can save a few grand a townhouse.
Develop your product for where you are building and you can over paying for the fit-out and check out your competition (re.com.au and/or local agents – these guys have loads of info on all the little projects going on in their area).
Your site works can have a dramatic impact of costs too – how sloppy is the block? (more slope = more costs). the configuration of the block may make it hard to perform work. The class of soil (usually "M" meaning moderately reactive soil – most builders quote on this. If you end up with an "H" – highly reactive – you'll be up for more costs.
Remember to factor your marketing costs and who your going to target (design product appropriately) in and don't don't leave the selling / marketing as an afterthought!
Hope that helps a bit.
anywhere really up to and around caboolture is in developer's crosshairs at the moment
yes, u r dreaming. if you are looking in this budget, try around the kallangur area in brisbane's north.
one thing to know about murrarie is that there is an old and a new part to it – prices differ by $200 – $300K… this may warp stats. Having said that, the area has been very strong in the past 12 months.
there is a HEAP of development planned in the northern suburbs for many years to come. it seems to be the preferred location for large developers at the moment
up around kallangur/petrie/murrumba downs on the north side and down around underwood on the southside… you can still get a 4 bedder for under $350K
what price range are you looking in and what are you trying to achieve with your investment…
Villa World have an Estate Called "Hastings" at kallangur. I sold them in their pre release stages about 4 months ago. They are around the $350K mark and i believe there are only about 7 left now. Villa World do heaps of development in SEQ. jump onto their website, http://www.villaworld.com.au
thanks for all the suggestions. i'll follow up with a few leads tomorrow.
my bonuses are paid weekly.
You should be able to relate to your agent, just plain comfortable with who they are!
http://www.goals2gether.com
Commit your goals to the entire community! Find a partner and achieve your goals together! Goals2gether.com is the place to find real help from people who have and are achieving the same goals as you!It’s actually illegal for an agent to ask for advertising upon settlement – it should be paid up front. This is because the agent now has an interest in the property (the advertisement costs) and they may be seen to try to sell the property at a lower price because they want to make the sale and recover their advertising expenses.
http://www.goals2gether.com
Commit your goals to the entire community! Find a partner and achieve your goals together! Goals2gether.com is the place to find real help from people who have and are achieving the same goals as you!I lived in Shanghai for a year (teaching English). I had a Chinese bank account and all that. It was easy to get….. but I’m not sure if you have to be living there. I’ve heard that it’s not that straight forward for foreigners to invest in the Chinese market.
http://www.goals2gether.com
Commit your goals to the entire community! Find a partner and achieve your goals together! Goals2gether.com is the place to find real help from people who have and are achieving the same goals as you!I used to work for (and will be going back, when I return to Australia) a real estate agency called “Rental Empire”. I know it sounds biased since I worked there, but I would highly recommend them. The owner, Cameron Bishop, treats every property that he manages like it’s his own. The office is in Clayfield.
The website is: http://www.erental.com
The phone number is: 07 3868 1514If you do call them, ask to speak with Cameron and mention that Eli referred you.
http://www.goals2gether.com
Commit your goals to the entire community! Find a partner and achieve your goals together! Goals2gether.com is the place to find real help from people who have and are achieving the same goals as you!
