Forum Replies Created

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of RravRrav
    Member
    @rrav
    Join Date: 2012
    Post Count: 6
    May 20, 2012 - 3:07 am

    Just an update.

    I called the local council and I provided the address of one of the properties that I wish to develop and told them about my plans on developing townhouses on it. They provided me with the minimum lot size which was 220m2, which allows me to have a maximum of 9 townhouses on the vacant piece of land.

    I asked ‘what costs would be involved building townhouses which were in relation to the council’, and the answer I got was that I first need to contact an independent builder and find out what their price would be for building the townhouses. Once I have that information they said to come into council planning department and they will be able to give me some figures. Exactly what christianb said,

    christianb wrote:
    As for the council fees, front the planning desk, run through your scenario and they'll happily give you some imaginary figures.

    My action plan is to contact 4 or 5 builders so I can have the average price to build a townhouse. Also when I call the builders I think it’s important to make it clear that I am only looking for an estimate, because I think if I ask for a quote they will be a little bit reluctant to give me any numbers, that goes for the civil engineers as well. I am going to call 4 or 5 civil engineers as well as real estate agents to acquire the average civil costs and sale price.

    Profile photo of RravRrav
    Member
    @rrav
    Join Date: 2012
    Post Count: 6
    May 16, 2012 - 2:02 pm
    mattnz wrote:
    Sounds like a great deal for you.

    If your business partner has the experience in these suburbs, then they should understand the council costs.

    They vary greatly around the country. In Gladstone where I am developing, the council costs are approx 5 times what they would be for the same development in Melbourne.

    I understand what you are trying to say. My business partner has told me what to do on two occasions, stating I can find the information in the town plan and to give the local council a call so that they could guide me through the town plan.

    In the 30-45min spent looking for the costs I could not find any information and instead of calling I decided to email the council, but I didn’t get the answer I was looking for, I plan on making a phone call tomorrow.

    I know it will be next to impossible to find the exact costs without submitting an application. But at this point in time I am just looking for an estimate. Surely if I provide the council with a property address and my intentions to develop townhouses they will be able to give me some sort of indication of what council costs will be involved and an estimate of how much. Right?

    I assure you I am very grateful to have an opportunity like this :)

    Profile photo of RravRrav
    Member
    @rrav
    Join Date: 2012
    Post Count: 6
    May 16, 2012 - 1:21 pm
    mattnz wrote:
    By the sounds of this post you have no experience as a developer and this is likely to be too big a project to start with. I would suggest starting smaller.

    Yes, it is true that I have no experience as a developer but a project like this will not be too big. This is because I won’t be the one who will be doing the developing. I’m pretty much a scout looking for deals. My job is to find potential developments then to do a feasibility, if the development is profitable I get the help from my business partner, who has the money and experience (hasn’t missed a DA in 10 years), and we split the profits at the end of the process.

    Profile photo of RravRrav
    Member
    @rrav
    Join Date: 2012
    Post Count: 6
    May 16, 2012 - 12:21 pm

    anyone?

    Profile photo of RravRrav
    Member
    @rrav
    Join Date: 2012
    Post Count: 6
    May 16, 2012 - 4:37 am

    bump

Viewing 5 posts - 1 through 5 (of 5 total)