Hello
, as you can tell from the emoticon I am somewhat stressed. I have a Rural property that I am in the process of developing into 13 1Ha Lots.When I initially got costings from my Engeneering consultant up to the DA, I had sourced enough borrowings, however costings have escalated in some cases by 100% for certain services and charges which has now left me with no profit in selling the land with DA.
Is there any way of enhancing my position and being able to carry the cost of Infrustructure costs, or possibly joint venturing with a Builder to erect houses on each Lot.
Any ideas would be most appreciated…
Hi Patvac,
Is there any way of reducing the costings by reducing the number of lots? or perhaps doing it in sections…ie subdividing half the land first and getting some sales through to get some extra cash?
Just an idea!!
Good luck, i am sure it will come good, just think about it a bit i guess???
Adam.
, as you can tell from the emoticon I am somewhat stressed. I have a Rural property that I am in the process of developing into 13 1Ha Lots.
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