Development of 2 bedroom unit

Viewing 6 posts - 1 through 6 (of 6 total)

Tony Fleming
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@the-dark-knight
Join Date: 2008
Post Count: 396
January 11, 2014 - 12:11 am
Hey forumites,
I’ve been looking at doing development I have found a block of land been sold that has DA approval for two units to be built on the land. Does anyone know the average cost for a 2 bedroom unit development or a website that might be helpful. I know there are many different variables that can effect the price but just a average price would be helpful?
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email Me
NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
TheFinanceShop
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@thefinanceshop
Join Date: 2012
Post Count: 1,271
January 11, 2014 - 7:11 am
depends on the area i.e. state and city. Also are we talking about up and down units or side by side units? How many metres high? Scaffolding is not cheap.
TheFinanceShop | Elite Property Finance
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Tony Fleming
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@the-dark-knight
Join Date: 2008
Post Count: 396
January 11, 2014 - 8:18 am
Hi Shanin thanks for the reply. They would be side by side/single storey and its a major regional victorian city.
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email Me
NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
TheNewGuy
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@thenewguy
Join Date: 2014
Post Count: 151
January 11, 2014 - 8:26 am
Hi DK,
I was looking at developing as well, but decided against it. I used this website as a rough guide http://www.bmtqs.com.au/construction-cost-table
It doesn't take into account any haggling that can be done for building multiple dwellings, but it's not a bad start.
TheFinanceShop
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@thefinanceshop
Join Date: 2012
Post Count: 1,271
January 11, 2014 - 9:04 am
I know is a very different (cheaper) pricing model building in Melbourne and Sydney vs Sydney and Perth. Not sure about regional vic though. Best to engage a builder. I would contact Oscar who posts on this forum.
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
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Residential and Commercial Brokerage
Tony Fleming
Participant
@the-dark-knight
Join Date: 2008
Post Count: 396
January 11, 2014 - 12:49 pm
Thanks New guy & and Shahin. Not quite sure if property development is for me but I want to mix up my current strategy and take my portfolio in a different direction. Ill let you know how it goes
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email Me
NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury