what sort of infomation are you after ?

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

your right in saying good development sites are had to find, and normally when you do find one there is a hell of a lot of other people that have found it also. In my case they always seem to have more money than me, or are willing to spend more on the property. OUCH!

As for how much land per unit/townhouse/villa, my suggestion is you talk to an…[Read more]

hmmm i guess thats because there arn’t as many people looking to buy factories? then again the buildng costs are less.

or maybe im just wrong [blush2]

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

anyone out there?

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

lazy so and so’s the agents im dealing with dont even have certificae of totles on the properties im looking at !

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

sometimes you just feel the need to talk about your plans, for the simple reason to get them off your chest. BIG mistake! never again will i do that with people that know two hoots about investing. They mean well but in the end just dont understand what im trying to do, or why i’d be wanting to do it. Great advice guys. thankyou for the…[Read more]

well im glad to see that im not the only one going through this, makes me feel a little better.

your correct in saying that the people that are saying these things are the ones that care. Which makes it a little harder to shrug the comments off.

i guess i have to look past that and say to myself that just because they dont have the willingness…[Read more]

Thats fantastic Jen, good on you for having the courage !

well done

“It’s not how much money you make, It’s how you spend it that matters.”

Aspiring property developer

Giulio Taranto

the units would look quite nice once completed, planning on rendering the existing home to match up with the new one i will build

the area has a mixture of new and older homes.

Aspiring property developer

Giulio Taranto

few good options here. lots to think about.
thanks for the info

GR how are you ?

mind if you send me one of those speadsheets also?

i would really appriciate it
my email address is

giuliotaranto@optusnet.com.au

thanks in advance
Giulio Taranto

costs if i keep the existing house.
property 300k
reno (existing house) 20k
stamp duty 14k
architect 15k
construction cost 140k
selling cost 20k
loan/solic. cost 1k
intrest @ 7% 33k

total cost 543k

resale value is what im unsure about.
existing renovated house 300k ?
new unit 360k
resale value 660k

profit 117k

does this look better?

my only…[Read more]

Rick the house im thinking of isnt too attractive, timber house built 1950’s, BUT of course might still be an option, id have to have a closer look at the house itself.

Dr.X dont worry about giving me the truth if thats your opinion, thats what im here for, to listen to you all your opinions and make my own conclusion.

Mike, going to check out…[Read more]

nope none at all.

do you ?
any that you could suggest ?

ok well this is how i do my workings.

property 300k
demolish cost 8k
stamp duty 14k
architect 15k
construction cost 280k (2 units)
selling cost 20k
loan/solic. cost 1k
intrest @ 7% 41k

Total costs 679k

the resale price would be 360k per unit (worst case)

Ok developers this is how i work out my costs. Leaves me with 41k in pocket.

still have…[Read more]

Rick, thats just fantastic. Congrats on the sale. Hope your next purchase is as good if not better than your last one.

well done

didnt think of the commercial side of it.
see what hapens when you talk to people! thats why i love this forum! opens your outlook on things. I know that it was a reletivly simple suggestion, but still i didnt think of it.

ouch i feel your pain. thats a real shame, lets hope someone has some knowledge of what you can do in this situation.

testing its feasibility, this is the part i have most problems with, and in my opinion it is the most inportant part.
coming up the the idea through to managing the new project are steps that im quite comfortable with, EXCEPT testing the feaseabilty of the project.
Not having built before its hard to look at an appropriate block and know exactly…[Read more]

grats Dazz your advice is always a great read
[biggrin]