Chris Wheatley at AB accountancy chris@abaccountancy.com.au  knows his stuff and is very good to deal with.

Tony Lee from Lee & Lee has developed a lot himself and is more of an agressive growth typy accountant.  tony@leandlee.com.au

IBHF

"lawyers are not supposed to advise on how to negotiate a commercial deal"
If you are dealing with a general practitioner then yes that can be true, but negotiation is a huge part of a commercial lawyer's practice.  We negotiate and put together deals constantly.

Qld Max is
$28k per lot for 3 bed or more
$21k per lot for 2 bed or less

Varies council to council

regards

If you are willing to do long settlements, and subject to DA's you may get a better price.

A developer will have a set price per lot or per site that they would pay in that area.  Remember there are no emotions with developers it is straight numbers.

Are you wanting to circumvent an agent and not pay seller's fees?   

HI
For rough numbers you will be looking at
$2200 for planners fees, around the same for council
$3-$5k for surveyor
$2-$5k each for sewer and water hookups
$28k for infrastructure contributions
If the blocks slope away from the street stormwater will be extra.
If you split front to back you will also need to provide driveway, underground power,…[Read more]

I deal with agents, buyers and sellers everyday.  Stuff is selling very quickly in Brisbane at present.

Agents are struggling to get listings, we are seeing a lot of multiple offers for properties that we draft contracts on.

It is a very active market in the sub $800k price range at present.

Whether that translates to growth or not I am not in…[Read more]

In QLD you doing the negotiations is sufficient to trigger the Real Estate Agent Licensing requirements

Planning $2200 plus $500 per lot over 3 lots if it is already master planned, once you get over 30 lots we will price it up on a per job basis, on your 373 lots you are probably looking at $75-$100K.  Master Planning will be around the $100k inc outlays for hydrologists and arborists etc.

Surveying depends on how many trees, sight lines etc.…[Read more]

Hi Catts

I deal with Buyer's agents almost everyday.  The clients we share really like what they do and I have never heard a complaint.

Most common reasons they use buyer's agents
-time poor
-don't know market
-not good negotiators

regards

Terry once again provides a very comprehensive response.

Maybe you should bundle them up together and write a book.

D

Cheers

 And is the water overland flow, waterway corridor or creek flooding?

Yes you need to setup the trust before signing the contract.

 Protection is done by separation of assets, if you have assets in your own name then you are going to have personal guarantees for the development funding and if it goes wrong you may well go bankrupt.  If you have assets in discretionary trusts but nothing in your own name, you can go…[Read more]

Hi Donnie

There are multiple ways to structure this depending on the situation.

I would normally draft a contract like this that has 60 days due diligence and 12 months settlement, need to included consent to advertise and sell proposed lots prior to settlement also.  I would not normally include a subject to DA clause initially, it will help…[Read more]

Interesting,
Logan City Council planning scheme states that an annexed unit must be used by the one household .  Table 5.5.16 s1.1 (f).

Get an experienced solicitor (OTP experience) to go through the contract with a fine tooth comb and see whether they can tip it more your way.  How well the building is selling will have an influence on your ability to push for changes to the contract.

You need to ensure that clauses are drafted in the contract that means that if the building…[Read more]

What sort of development, this will greatly change the outcome.

In an estate development you can use the roads to collect water, swales to catch it and detention pits to retain it.  400m block with  a house on it is a very different story.

No. All over the shop and make no sense to me.

What state are you in?

I will leave the lending to the experts on here.

Remember to allow for council infrastructure contributions.  They would be up to $28k per lot in Qld.
regards

I deal with a load of brokers, talk to them every day of the week.

Could a Mortgage Choice broker be a good one- yes.

BUT, are they going to be as good as some of the ones on here, extremely unlikely.

There are not many people who have the talent and experience of some of the brokers on this forum. I would use them everytime.

regards

D

Home Renovation shows were the problem

There was a lot of money in doing renovators before these became popular.  Now there is often too much potential included in the price.

Also be careful with the 12mths and CGT discount.  If your intention is to buy reno and sell then your income is business income not investment income and you should not…[Read more]