Joint Venture to develop 2 townhouses

Hello,

We have been approached by 2 builders with an offer to enter into a joint venture to build 2 properties on our existing PPR.

The general idea is that we provide the land and they complete the build at their cost – and at the end we take one property each.

Does anyone have any experience of doing this in Sydney – and can you provide any experiences around:

– what to look out for in the agreement
– the best way to transfer the property and the timing of this
– how to ensure the quality of the build meets our expectations
– whether there is capital gains or GST involved in the transfer of one of the houses to the builders
– details of a good JV lawyer in the central Sydney area

Any insights / advice would be very much appreciated.

Thanks, Stacey