I can't refer you to any. But if you find like minded people and each person needs to bring something to the table. Syndicates do exist but each syndicate works to the groups custom needs. There are pro and cons to joining a syndicate and it would be best to do you due diligence.

Very interesting. Darryl when will the plan come into effect?

Hi Z,

Rather than just give your money to a company, spend time and educate yourself and start off with a small renovation or development. Ensure that or your due diligence has been done and check all aspects of zoning, development, finance and construction is being looked after.

I know in the past there has been syndicates who put in even amount of money together to purchase and developed a larger project and is manager by an external project manager. The outcome is that each owners get a dwelling below market or whole sale rate. Depending on your strategy its best to do your research carefully.

Hope this helps.

In relation to zoning and what can be built or subdivided, Seek advice from a experience town planner.

Generally for townhouses, Have a look at custom builders in your area. See who's building or have projects under construction and make some enquries. The large spec home builders are cost effective at building from their designs.

For what reasons does the Brisbane city council want to resume your land for?

I have a consultant who has extensive experience in land resumption. They maybe able to help you protect your investment, drop me a line or a call and I can pass on their details.

I too purchased a property in GC. I wouldn't usually but with some of the large discounts, it was too good of a deal to pass up.

I agree, books from the Jan Somer, Peter Spann and Michael Yardney are well worth the read.

Very interesting thread. What is is in for the construction company? I assume that all the units in the current towers are owned by landlords.

If you can pick it up at a fair price than it good to buy property with a twist or add value. As you mention the property has development potential and could be worth more depending of the density allowable to be built.

Just do your research for any possible restriction or issues that may come with the site.