mbuilding replied to the topic First time development finance in the forum Finance 12 years ago
Ballerina,
Councils in Sydney work on per/sq meter construction cost. is it same for BCC.
$26K for 3 bedroom dwelling seems really really high.
Let;s say medim finished 3-4 bed/2 bath/ house cost $230K (turn key) . that is roughly 10% of total build.
For $475K construction cost, we paid around $1200 DA fee in one of the Sydney area council +…[Read more]
mbuilding replied to the topic How to get the right advice part 3 The good and bad about buying in the United States in the forum Overseas Deals 12 years ago
Nigel,
Good post and reading.
It is true that people are posting gross yeild and return for property in US and in Australia.
Spoke to someone that said, most of his returns are getting chewed by PM fees,other taxes and charges.
mbuilding replied to the topic Finance Approval in the forum Finance 12 years ago
HI there,
Here is a info for off the plan purchase.
It gives a clear definition of Sunset clause(Page 3 ) + more
http://www.commerce.wa.gov.au/consumerprotection/PDF/Publications/buying_land_off_the_plan.pdf
mbuilding replied to the topic Decision time before buying first IP in the forum Help Needed! 12 years, 1 month ago
HI there,
I like your profile name, suits me fine too!!
Anyway, i came to this forum with lots of question and looking for right answers from well experienced members.
i posted an question like you did!(about 10-12 weeks ago). and since then we bought our IP (settlement in end of NOV 2012) and already looking for 2nd IP!!!
So i want to thanks…[Read more]
mbuilding replied to the topic Invest with Universal builders in Toongabbie in the forum General Property 12 years, 1 month ago
HI Narne,
few of my friends bought with that builders off the plan and they wish they never committed to it.
two reasons:
Once you pay deposit for the unit, you don't have options/or money to look else where, you are kind of locked in to it
it may take year or two longer then what builder is promising (usual for this builder from what i…[Read more]mbuilding replied to the topic Investing in Goulburn NSW in the forum General Property 12 years, 2 months ago
Hi o0tegs0o,
I wanted to ask same question.
Picton and Canberra isn't far from goulburn, and 100 acre property can be picked up in range of $350-$550K.
if they build High speed rain network, Goulburn have potential to be another western sydney, but ONLY IF.
what do you guys think? love to hear from ppl who have invested in Goulburn.
mbuilding replied to the topic IP Loan with Exisiting Land Loan in the forum Finance 12 years, 3 months ago
Thanks Tom.
What would be the amount i can borrow?