tommy.. good luck getting Roltons personal number. He doesn't like speaking to people one on one, or being accessed by 'students'. something to ask his mentors if thats what they are, is have they done any deals themselves, and can they prove that, have they been paid out etc.. Sorry you paid $6K.

Easy. Because you're old enough to say you've probably seen too much….and young enough to say you'd do it all again

Only way to tell is to ring the local council and ask. Depends on so many different things, there's no clear defnitive answer. Depends on the type of development, zoning, current council approval times, how long it takes your consultants to do their work, any delays, questions that might arise, could be 3 months, could be 18 months. Give the…[Read more]

Ninhhow long till it takes effect? There should be an implentation date for the new plan on the Draft somewhere, if not ring Council. They should be able to give you an indicative time frame.You'll benefit if you decide to sell to someone who's interested in your lots under the new plan zoning. The intrinsic value of the land will increase once…[Read more]

If its a cost, you include it. Land cost is a fundamental part of the acquisition of a development site. It'll cost you $700K plus costs to acquire and build. You then work out the end value/gross realisation once completed, ie: 2 x 3bed houses at today's prices = ? if sold etc.  If you come out with 20% profit, go for it. Thats the figure ba…[Read more]

Couple of key people to have on your team:1-Lawyer experienced in property development, including structures under which to do them2-Accountant, same experience as lawyer with the specific skill set of being able to financially model the project including cashflows etc.3-Town Planner/Architect/Designer – to ensure you get highest and best use of…[Read more]

Banker,which were the banks pulling out of student accommodation? If you don't want to post, can you PM which ones? thanks,Matt.

Hi Jacky,If you like, email me at matt@responsiblelivingcorp.com and we can chat about it there. No doubt your investors appreciate some confidentiality and discretion   I also deal a little bit with offshore folks now and then..Look forward to talking with you.Matt

Hi jackyngewYour question is the same one asked by developers such as AV Jennings, Mirvac, Australand, Austland, and so on and so forth. Tracts of land of that magnitude, in large part, has often been already land banked by development groups such as those I've mentioned, for future development. Other tracts of land that are of that size if not…[Read more]

Get familiar with the town plan, first and foremost. That will dictate what you can and cannot build there. A call to Council Planning will also shed light on what they would approve and not approve. Once you have that idea, you can then start to approach builders and QS and get costings etc.DA = Development Approval, so (and this is my bugbear…[Read more]

Options are a very technical area, a lot of these questions are really something that should be asked of an experienced solicitor as they have some underlying legal aspects that if incorrect, could be costly as they still appear to vary from state to state. I know one of our people who deals with the larger residential groups has had to seek…[Read more]

HansYes you can settle if you choose to, depending on the type of Option agreement and any 'out' clauses you may have inserted. If it's a Call Option, you can settle if you choose but they can't force you. If its a "put only' option they can if they choose force you to settle. If its a Call and Put, it will depend on the type of clauses such as…[Read more]

Hi Crusty… well, its only my opinion, but I'd have to say a hearty NO to that one. Sadly, it wouldn't surprise me in the least if he was..

Hi RobPM me. I have one or two people up there who specialise in the Mackay/Bowen region.Cheers,Matt.

Hi GamblerSend me a PM and I can give you the name of someone great who specialises in these things, as well as being a brilliant design consultant for townhouses.Happy to assist.Matt.

Then work out your costs and profit margins for each. Unfortunately there's no one size fits all approach for that, just have to crunch the numbers, but once you know what your costs will be, it'll simply come down to applying those numbers across the 3 variations.Also consider the timeframes for completing each and your holding costs for doing so…[Read more]

There is no rule of thumb, it depends entirely on the site, the DA itself and what sector (resi, comm, retail etc) and where the market is at at the time. Yes a DA adds more value as it removes the first element of risk for a builder/developer looking at the site. It doesn't however add what some agents would have you believe. Things…[Read more]

Mate they are pocketing a considerable amount believe me. RPData prices haven't risen by triple you can rest assured. Call them direct and ask.By accountants and solicitors, I mean conduct due dilligence. I mean if they say they're worth $500Mill, show some accountants statements. If they claim to control this that and the other, have a solicitor…[Read more]

SashI think the point that many have made in this and other threads is this: the generic information provided in the Massland seminars is accurate. Options exist, and they work. You can find out about options for free though and they are by no means as easy, or as cheap, as Massland would have you believe.. What most are up in arms about is the…[Read more]

Interesting.. and good perspective to have. I know there are some big educational precincts planned around the country and some uni's spending big pesos on upgrading or installing new accommodation blocks..I know about these ones first hand so to speak. One was funded privately which I found interesting..big bucks too. Another one going on is…[Read more]