Yes for construction loan only
Hi All I am just wondering if i was to apply for a construction loan for a development, what are the basic high level calculations? Ie. fixed...
Hi all I want to build a granny flat in my backyard but my property is about 11m frontage + 430m2 in a heritage overlay (located in Inner West...
It also includes the 100k im paying myself as a wage
Hi Terry Yes $850K is GST inclusive. It includes $50K gst from margin scheme (100K GST minus 50k gst deduction from construction). It also...
Yes that is right. I see a lot of people asking about interest on loans, wages, selling fees, council costs etc. I dont understand why they are a...
Yes I am aware. The money is to be kept inside the company account (for now) with the purpose of going onto the next project. I am looking for...
Development covers everything except for company tax as written
So technically it is a loan (interest free) from my personal
Development Scenario Site Purchase: $1.25million (+$50K Stamp Duty) under COMPANY ENTITY Total Development Cost (including GST): $850K...
Hi everyone I am currently doing a reno & flip in the innerwest Sydney and am considering the following finishes. What would be your thoughts on...
Is there a separate list of requirements for the CC? If so what are these usually?
I was hoping to get some advice on the CDC process and associated timeframe. My PCA has given me a checklist (architectural, stormwater,...
Hi all No easement. Torrens Title Last update on sewer diagram was from 1991
Hello PropertyChat I was hoping to get some advice/thoughts on my situation. (see attached sewer diagram) Neighbours sewer pipes (property...
Hi all Im building a house in the innerwest (Sydney) for the purposes of re-selling or renting out upon completion. In terms of maximising the...
Id say 1.3 is honestly a fair price if the market stayed as it is today. ie if the market drops 10%, then you could probably say it would be...
What caused you to lose money? Was it building related? ie hidden costs/exclusions/variations from the Builder Or was it a design compliance issue...
Some risks: - Project funding - medium (upfront cash position approx $500K, rest will be from lender + equity from PPOR approx 500K)....
We both work in construction, but have never done a development site by ourselves. Am looking around the Dundas/Ermington area for a CDC duplex site
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