Whats the reasoning? Is it banks or does this now flow on to super funds/equity investment groups etc as well…..I'm wondering if that then flows on into construction funding for uni accomm also.

Hi Banker, I hope this doesn't breach advertising guidelines, apologies to Steve et al if it does…Responsible Living Corporation. It's a new group, working with affordable and sustainable housing solutions (including University Accomm solutions) right through to high end residential design architecture and construction project management. Our…[Read more]

It depends on the company, the people involved, the market, the region and so on. My little group offers a number of services via alliance partners, but we always have more than one entity offering the same service, so for example we have two broking firms, two environmental consultants, and so on. As for commissions, referrals, spotters fees etc,…[Read more]

Sasha, not an opinionated thread, relating real experiences. From what I understand from the emails I keep getting from people, nothing has changed at all.Only my opinion, but you'd be better keeping your money in your pocket and using the forums.Good luck with whatever you choose.

Nicely done Michael

Will2Win – Send me an email and I can get an idea of where and what you're looking at, and can provide further details on estimated costings etc. It can vary slightly depending on the region etc. We've found the further up the coast you go, the more expensive things get, including materials. In some cases we're finding it cheaper to ship from…[Read more]

There's another option here in SE Qld; check out http://www.smartersmallhome.com.au If you want to know more, get in touch with me at matt@responsiblelivingcorp.com There are 2,3 and 4 bed versions, and can be constructed in 6 weeks, less if you use the modular but for now we're pleased with the built-in-situ version. Can be also supplied with a…[Read more]

Thanks Banker, I'll look into that further.. appreciate your response.

Do some searches in these forums. There's plenty of feedback on Massland and Mark Rolton out there for you to make your mind up on.

Thanks D – i'm considering all options at this moment, but my priority is getting to a point where I can borrow, and purchase. That's the immediate priority for me. I do have solicitors, one of whom is also a finance broker. Might give that a go..If any brokers or bankers have advice on that aspect, I'd love to hear it.

Hi TerryYes it was me, and I"ve put in that request. If they don't have an answer to me by COB tomorrow I'll go to the Ombudsman. I did try and get it in writing but they deferred me to some clause in a letter they'd sent me, which didn't answer my query at all, and when I re-requested it they refused to put anything in writing.My broker has…[Read more]

DA = Development ApprovalBA = Building ApprovalMCU = Material Change of UseRCL (?) = Reconfiguration of Lot/subdivision

You're correct if you committed to the property and then Council came back and said no. The way to do it would be to have settlement subject to council approval, as per their advertisement, or reduce the price to remove the 'value add' of the 'potential development possibilities' etc. You could put down a refundable deposit initially with…[Read more]

No rule of thumb here.. its whatever you can negotiate with your folks. work out your profit margins after expenses, holding costs, marketing costs, interest and so on, and then see what you're prepared to give up.

Good start W4L. I'd also be going to the library and find as many books as you can. They'll tell you just as much as any seminar would. And it won't cost you $5K plus. Internet, Library, Forums, and the site W4L suggested above, before you even consider putting your hand in your pocket, would be my humble advice.

Hi Bob, Just my opinions but some answers below:Specifically, the questions i have are:- Does the land have to be subdivided before an option can be signed on it? I WOULD HAVE THOUGHT S YOU AGREE THAT THE SUBDIVISION/RECONFIGURATION OF A LOT WAS PART OF THE OPTION AGREEMENT. DEPENDS ON STATE LAW, TALK TO A SOLICITOR PRIOR.- If yes, would i need…[Read more]

Not sure mate. One way would be to talk to an agent familiar with auctions. Typically in a resi deal there's no price disclosed other than a 'reserve' price which the vendor gives the agent, that then dictates when the property is 'on the market' as far as I know.. so you may well be ok in an auction scenario as all you'd need to disclose at the…[Read more]

Good info Michael……. like I always say… do your Due Dilligence!!

Hi KeikoI guess theoretically you could auction an option, although i've not heard of it, but that doesnt mean it hasn't happened… Its' only my guess but I would have thought that at auction at some point the buyer would have to know the strike price and option price and the difference. It'd be hard to auction it off at your price, then at…[Read more]

Terry's correct. If you assign the option to another party, they will pay you a fee for that assignment to be completed, which would ordinarily be the difference between the vendor's strike price, and your profit margin. They would pay you that up front, and then on option expiry (or whenever they choose to complete the transaction) they then…[Read more]