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  • Profile photo of JonJon
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    @wealthyjvd
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    October 24, 2012 - 12:13 pm

    Email sent to Richard. Thanks!

    Profile photo of JonJon
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    @wealthyjvd
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    October 24, 2012 - 9:56 am

    Thanks for the advice. I might give Richard a call,

    Profile photo of JonJon
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    @wealthyjvd
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    August 20, 2012 - 11:20 am

    Bump.

    Multi unit development 

    Profile photo of JonJon
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    @wealthyjvd
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    September 7, 2011 - 10:54 am

    I have some floor plans of a concept that I am wanting to develop and would like some builders quotes. Can anyone help?

    I have spoken with 1 builder and they were working on $20,000+ per square. For that price I expect to build top quality in Caulfield!

    Profile photo of JonJon
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    @wealthyjvd
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    August 19, 2011 - 1:26 pm

    Thanks for the information guys. I have chosen not to relocate but have much appreciated your input!

    Profile photo of JonJon
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    @wealthyjvd
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    July 31, 2011 - 3:32 pm

    Thanks! I am in the process of organizing everything now. I’ll definitely let you know when I’m done.

    Anyone else?

    Profile photo of JonJon
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    @wealthyjvd
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    July 17, 2011 - 3:03 am

    Great thanks, do you roughly know prices – just before i call around.

    Might start with google, and ill take your advice on not going to the store that rhymes with runnings and starts with B

    Anyone else ?

    Profile photo of JonJon
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    @wealthyjvd
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    July 16, 2011 - 2:06 pm

    im 21, i was 19 when me and my partner bought our first IP

    we both lost our jobs 1 week after being told we were going to be successfull owners of a new property

    both found new jobs with a few days (temp for 6 months with ability to become perm) and no one said boo..

    not to mention we only had $14,000 cash to purchase a house worth over $260,000 haha

    fun times.

    Profile photo of JonJon
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    @wealthyjvd
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    June 14, 2011 - 3:27 pm

    Does anyone else have any experience in Frankston?

    Or not necessarily property but maybe in building industry? Eg the price to build 3x 2 bed townhouses, approx 14-15 sq?

    I was working out $10-11k per square?

    Profile photo of JonJon
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    @wealthyjvd
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    June 8, 2011 - 4:29 am

    Thanks for all the information guys!

    No worries Shaw, I’ll get in touch with you soon, just need to find out a little more information about how I can finance this project once all the plans and permits have been attained.

    Thanks also Kane, I agree that’s why I ended up choosing Frankston :] Keep in touch soon. I need to know as much as I can about finance so I’ll definitely get in touch with you soon..

    Cheers

    Profile photo of JonJon
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    @wealthyjvd
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    June 6, 2011 - 5:53 pm

    Shaw?

    Profile photo of JonJon
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    @wealthyjvd
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    June 3, 2011 - 7:01 am

    So Shaw4, essentially your saying that for a 3 unit development site that it is a waste of time getting a town planner.

    I know others that have got TP for sites where they are only developing 2 townhouses.

    Are you familiar with Frankston Council? And what are your services that you could provide in order to draft up, and get approval for 3 townhouses ?

    Thanks..

    Profile photo of JonJon
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    @wealthyjvd
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    June 1, 2011 - 11:34 am

    Hey Sash,

    I know queen street, great location! My IP is in Kareela Rd, not too far actually… I hope to demolish what is there and get plans and permits for  3  x 2 bedders

    Thanks for the advice about the council! Love to hear honesty! Im not sure whether im going to get the plans and sell with plans and permits, (as im 21 and my income might not be able to finance a construction loan.. Well i dont think its the financing of the loan that will be the problem, i think its comming up with the 20%) OR get the plans and permits now, sit on it for a year or so, then build..

    How did you go about getting finance?

    Profile photo of JonJon
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    @wealthyjvd
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    June 1, 2011 - 6:21 am

    Thank you kindly for the advice Simon!

    I have been hearing generally good things with re: to the Frankston council and very few hiccups that i guess is apparent in all councils which is good to hear. The property itself is no more than 1.5 km from the CBD, and an extra 500m from the beach. Its central Frankston, so its relatively close to everything.

    Could you please provide more detail about the CLAUSE 55, and AHD.. I will be getting a town planner to do all of the work so im assuming they will know what that is, right?

    Ive been looking around, and albeit in different arears i have seen 900sqm blocks with 8, 700sqm with 5. So i dont think 591sqm will be a problem for 3.. Just need to get in touch with the right planner and designer.

    Thanks again!

    Profile photo of JonJon
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    May 22, 2011 - 10:48 am

    Thanks. Well it won’t be for about a year before I hopefully start building. But I want to get plans done soonish

    Profile photo of JonJon
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    @wealthyjvd
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    May 21, 2011 - 1:30 pm

    Thanks very much for your input Breece,

    Im only 21 and studying, but saving hard to get plans and permits, then the actual construction..

    Do you know much about financing a development. I have done the feasability and it reurns 20%+ @ $200,000+ profit.

    Is it 20% deposit of the overal construction cost? Is that what is required?

    Profile photo of JonJon
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    @wealthyjvd
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    May 19, 2011 - 2:02 pm

    …..And I thought 3 on 600sqm would be a task

    Check this out, 7 on 880sqm!

    http://www.realestate.com.au/property-residential+land-vic-glenroy-2824833

    Profile photo of JonJon
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    @wealthyjvd
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    May 19, 2011 - 1:27 pm

    Thanks so much for your help guys!! I’ll definitely be engaging with a town planner/council soon.

    And I’ll definitely get on those websites!

    Profile photo of JonJon
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    @wealthyjvd
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    December 14, 2010 - 10:21 am

    Thanks Richard,

    Ill aim to email you in the next couple of days and we can discuss it from there.

    Cheers,

    John

    Profile photo of JonJon
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    December 14, 2010 - 8:32 am

    or does anyone know where i could get $30,000? i dont mind paying 10%,

    i just need it asap.

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