3 townhouse development in Melbourne

Hi Tufan, are you able to pm your estimators details as well? Cheers, Elives

 

Do you have a specifications document?

A good project manager will give you specification documents. it will tell you what light switch u r using and what carpet brand and material u r using. very very detailed specifications. Every single item will be mentioned.


If you don't have specification documents. u can build 4 townhouses in that price and still make a 30% builders margin.

 

Material Girl,

A lot of people who develop properties, don't have it and go for a basic specification and they try to compare with designer constructions

I know a lot of friends who can get a house and land package for $400K in western suburbs

They are paying as low as $150K.

 

Obviously contingent on the size and spec.

$210k/TH is incredibly skinny for all but the most basic spec. .

Also, most builders don't get 30%.

As an example, I'm building a side by side atm, turn key build cost is around $1.2m.

These are 4 bed 3 bth, 34 sq. high specification homes that will hit the top 5% of the market they are in.

The devil is in the detail and will be highly dependent on their design and specification, site conditions and location etc as to whether you can build 4 townhouses for $850k.

 

Thats correct,

I make a spec and get a construction estimation from BMT or any other reputable company and send for tenders to match up.

 

Hi Tufan,
Could I ask you to PM me your estimator too? I'd really appreciate it! Also I see you're in Melbourne, as am I and looking into this process here. Hope to chat soon,
Dani

 

hi Tufan,

I will appreciate if you can PM me the details as well. We are planning to build two townhouses in Melbourne next year. Thanks in advance

Vitaly

 

Could you please elaborate if that is $1.2m each or total? Cheers

 

Could you please PM me with details too.
Cheers
Hamish

 

Hi CTSB,

We are looking at building a high spec, side by side at the moment. Can I ask which builder are you using for this? Did you engage in an Architect seperately?

 

If you knock down your PPOR you will lose the main residence exemption for CGT. Perhaps obtian legal advice on how to resttructure the ownership and reset the cost base. This may trigger stamp duty.

 

Hi Tufan Chakir,

we are new to developing and would really appreciate if you could PM me the details of your estimator.

Thanks.

 

Hey @Tufan Chakir - I'd appreciate if you can PM me as well.

Thanks

 

Hi @Tufan Chakir

Appreciate it a lot if you could PM me the details of your estimator. Thanks!

 

Hi Tufan,
would like to have your estimator as well. I'm planning to build 3 townhouses at the moment but my budget is around 1.2. Not sure how much the construction cost increment in 2021 but thanks for your information provided

 

Hi Malleybull,
Any progress updated? have you done your construction work?

 

Hey Tufan could I also get your estimator details? Cheers.

 

Hey tedjamvor would you be able to PM me that company’s details? I’m looking to do a 3/4 townhouse development in the west shortly and would be keen to go through it as a starting point.