Depends on if you're going to do the DA yourself, or have someone buy the lot subject to acquiring a DA etc. As far as what price you could ask of a developer a few things to keep in mind are:1 – Developers will not pay you anything until they know for sure, either via a successful DA or close to it, that they can do what they want with the lot.…[Read more]

Classic case of why you should negotiate a longer settlement under option or development agreement subject to DA/finance etc. If you don't get the DA etc, don't settle. The DA stays with the land. Vendor owns it. You don't. If you don't have anything in writing that says vendor will reconcile DA costs (but ask yourself why would they, the s…[Read more]

Hi W4L: that doesn't surprise me. Those two have "apparently" been in cahoots for a long time. I suppose when the natives start getting restless and speaking the truth, the wagons are circled and there's a perceived safety in numbers.. in an ideal world that'd also make hitting 2 targets in 1 location a viable option! No pun intended…. I meant…[Read more]

I dealt with them directly. Biggest error I made was believing what they told me. I'll never deal with them, or anyone connected with them in any way, again. Keep doing your research, and if you do nothing else, if you're going to deal directly with them don't hand them a single cent before asking for, and receiving, documentary auditable evidence…[Read more]

I'd be interested to know that too. In four years I've not come across anyone that's done a deal or been paid out by them. I have come across a number of very angry people though who've dealt with them. that's putting it politely. I've also contacted a number of people who Mark and Massland say they've done deals with, been great 'friends' with,…[Read more]

Start with a town planner/surveyor, look at getting the DA quoted and within that an idea of what you're allowed to do and some preliminary yields. Once you have that you can approach some construction/engineering and quantity surveying people for quotes per sq m for construction..I think its BMT QS on the web have some general sheets for…[Read more]

So many variables involved…. are you doin flat land subdivisions, or subdividing an existing house block, doing it to buy and hold, buy and onsell, buy and build… costs will depend on the approach you're taking.Doing flat land subdivisions can take longer, and cost more, eg: if you're doing a 10Ha block and subdividing into 3000m/2 lots, and…[Read more]

Thats pretty standard clauses that any developer/builder would use or a variant of… NO developer or builder is going to offer big money or big non refundable deposits until such time as they know for sure from Council whether they can do what they plan to do with the property. thats going to take time, and Councils will dictate that..thats just…[Read more]

Find a good town planner, find out the RP details of your property if you can, and ask them to give you a quote. There is no real cookie cutter solution as it will depend on council zoning, requirements, infrastructure contributions, consultants fees, time taken etc etc.. WAY too many variables to be able to give any certainty. Locate a good town…[Read more]

If the property has settled and the contracts are unconditional etc, then the accountant can sook all he likes but to my knowledge ( of course confirm with a competent property solicitor ) he has no legs to stand on. It sounds like he's grousing about a missed opportunity. He cannot (again confirm with your solicitor) simply prevent your friend…[Read more]

Agree with Terry. Your solicitor should enter any clauses to the standard REIQ contract. Typically you would be seeking to settle subject to DA – ask yourself if you want to settle if council won't let you do what you want to do. A good property solicitor should be able to give you set clauses for staged settlements etc. DD can be any length…[Read more]

QUT in brisbane does a property economics post graduate degree that is apparently the 'benchmark' in property development these days.. before looking at any of the seminar spruikers and their ridiculous fees for 'mentoring' i'd be looking at something like that.. probalby cheaper!

Anyone know what demand is like in Townsville and surrounding areas for new residential product? Curious to know what the market is like up that way given all the work going on up there…

Well spoken W4L. I too admire Peter Spann.. was one of the first 'wealth educators' I came across in fact.. Hmm.. in hidnsight perhaps I should have just stuck there! Still, despite the various negative experiences, I know more than when I started, which in my mind is a plus. Merry Christmas to you.

What many of these spruikers fail to recognises is that people are there to be able to make money like $75K and $30K etc, if they had that kind of money to throw at a 'mentoring' program (which personally I think is a misconception and misuse of the term) why would they be there? It's too expensive in my personal opinion, especially when many of…[Read more]

I've got it for what its worth..

Quinn. PM me or email me – I may be able to help you.Cheers

Splitter? sounds a bit Monty Python lol… I am guessing thats a subdivision.. find a big block 12-1500, lock it up, put in your plans to sub and resell… there just saved $6Grand woo hoo!

Mattbombers. driving round in a bus doesn't prove anything. i can drive you past any number of building sites that i have nothing to do with and say theyre mine, if you're in the right mindframe to receive what i'm telling you, you'll believe anything I tell you. Only my advice and you've already thrown your money at it so its a bit too late, but…[Read more]

Anyone know what demand/prospects are like in Blackwater at the moment? Curious to know who's buying and renting etc…