We build around 10 duplexes a year in Brisbane at a turn key price of around $930 per sqm for a 4 bedroom duplex with dlug. This price includes plans an approvals and some extras such as ceiling fans, air conditioning stone bench tops, etc Our rate for houses are very similar.

With bank funding to developers getting very strict due to liquidity issues most developers are keen to negotiate on off the plan sales. However, in this case the developer would have achieved the required number of sales to get started. He would generally be reluctant to discount on the last few as he may have already discounted the first few to…[Read more]

There is money to be made with this strategy however, as with everything timing is the key. This is crucial if you are looking to buy and sell. If you have a long term strategy then it is a great way of acquiring an investment property and you should look into areas that will help you create at least $50k in equity. Once again do your research first.

I believe we will see further rates rises as the economy picks up. As the infrastructure stimulus packages start there will be a lot of money in the economy and possible over stimulation. The only way to slow the economy down will be to increase interest rates to stop consumer spending.I believe we may see double digit interest rates within three…[Read more]

How do you measure affordability and peoples basic need for shelter. It was only a mere 20 odd years ago that you could have purchased a run down old Queenslander in Bulimba for $60k the same property today would sell for around $550k. The person who purchased the property would have borrowed a large percentage of the purchase price to get into…[Read more]

Every house we build has air conditioning and dishwasher as standard inclusions. Our research has shown that you will achieve higher rent with these inclusions.

You will generally do better if you purchased a block of land and built a turn key home yourself. This takes away the middle men and the tens of thousands in commissions that are involved.

I truly sympathize with home owners being put through such hardship. It is even worse to hear of the difficulties people go through when the builder goes into liquidation.In this instance people caught with delays should address complaints to the right people within the organisation. However if you go overboard then you might get ignored.As a…[Read more]

Thanks JonWe can build these duplexes at such prices because we are large enough to get very good discounts from suppliers on material costs. Yet, we are not too big where we have very high overheads. We do not have display homes, sales people or franchise fees either. This way we are able to pass on the savings to our clients which translates to…[Read more]

Jon Chown wrote:
Sailesh, Can't argue with those figures as this projest is almost positive geared.I'm assuming that you built a low set duplex and I'm impressed that you could do it for $282,750.You say that the land came with a DA. Does the Caboolture shire council differ to other councils as I thought that a DA included design plans and…[Read more]

The following is an example of the latest results obtained by our client. The property was tenanted about 6 weeks ago.Project background:We helped a client locate a duplex site in Caboolture. The land was located in a new estate close to town center, train, hospital, schools and easy access to the freeway. The site came with an existing DA…[Read more]

michaelparis wrote:

Sailesh C wrote:

Jon Chown wrote:
SaileshC wrote – The project should have a return of at least 60% return on capital invested…… Please explain?

With most small developments you will need around $100k of funds from existing equity to help you fund your purchase. This money will be used towards purchase costs,…[Read more]

Jon Chown wrote:
SaileshC wrote – The project should have a return of at least 60% return on capital invested…… Please explain?

With most small developments you will need around $100k of funds from existing equity to help you fund your purchase. This money will be used towards purchase costs, interest and development costs.Therefore, if…[Read more]

Hi We charge a fee of $10k to help source a site. This includes conducting a feasibility study, help with due diligence and negotiation. Apart from the above charge we also charge a 10% success fee upon project completion.The feasibilities are done using resale estimates in todays market value. The project should have a return of at least 60%…[Read more]

Investing into property by adding value is an excellent way to start in property. Typically a strategy such as this should see you create at least $50k in equity.However, I would encourage you to do some research first as not all areas will enable you to realise such a gain. The research is very simple as it is just a matter of looking at your…[Read more]

Why not consider buying land and engaging a builder to build a house for you. This way you cut out the middle man and keep the profits to yourself.Here is an example of land we recommended land in Carseldine…5 blocks where just purchased last week and a batch of 8 where purchased late last year. (15km north of Brisbane CBD) the numbers are as…[Read more]

trakka wrote:
Wow, you guys are all talking way lower figures than I'd anticipated. I'd planned on budgeting >$2,000/m2 for my new PPR. Are you guys talking brick and tile Tamawood-style project homes?

The cost to build a house should not be anymore than around $1000.00 per sqm for a split level house. The extra costs come in once you start…[Read more]

madproperty wrote:
Saliesh do you guys operate in Ipswich as well??

Currently we operate exclusively on the Northside of Brisbane. However, we have plans of setting up a new division that will cover the Ipswich area. This should happen around mid 2008.Regards

HiWe are currently charging around $800/sqm for a turn key product which includes a reasonably good level of finish. This includes the latest price rises for 2008. Our standard finish includes the following items as standard:air conditioning to lounge areaceiling fans to all bedroomsBlanco stainless steel appliancesdishwashervertical…[Read more]

Petrie is a nice quiet pocket to own an IP in. It is close to train station, schools and shopping.