Baulkham Hills Development

Discussion in 'Development' started by Shahin_Afarin, 21st Jun, 2015.

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  1. Biz

    Biz Well-Known Member

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    Going hard mate, still can't get over those figures....

    You're a machine!

    Machine_Afarin
     
    Biz, 26th Jun, 2015
    #21
  2. 380

    380 Well-Known Member

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    @Biz
    how about Afarin_Machine?

    :)
     
    380, 27th Jun, 2015
    #22
    Biz likes this.
  3. RyanB

    RyanB Well-Known Member

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    shahin what is the approx cost/m2

    I was told to work on something around the $2500/m2 with basement.

    does that sound right?
     
    RyanB, 1st Jul, 2015
    #23
  4. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    $3,500 per sqm turnkey (construction, landscaping, basement, high end finishes, demo, excavation, etc) including GST.
     
    Shahin_Afarin, 2nd Jul, 2015
    #24
  5. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Shotcrete walls
     

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    Shahin_Afarin, 10th Jul, 2015
    #25
    Sackie, Kael, OC1 and 1 other person like this.
  6. Jigmeister

    Jigmeister Member

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    Total newbie Q....How much of the $2,560,000 was borrowed?
    If someone was to carry out a similar project, would 90% LVR work or 80% is a minimum?
     
    Jigmeister, 24th Jul, 2015
    #26
  7. Biz

    Biz Well-Known Member

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    Biz, 24th Jul, 2015
    #27
  8. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Basement slab
     

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    Shahin_Afarin, 22nd Aug, 2015
    #28
    380 likes this.
  9. jafeica

    jafeica Well-Known Member

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    jafeica, 23rd Aug, 2015
    #29
    380 likes this.
  10. 380

    380 Well-Known Member

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    380, 23rd Aug, 2015
    #30
    Esh likes this.
  11. skuzy

    skuzy Well-Known Member

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    thanks for sharing your experiences! certainly watching this thread cclosely to learn
     
    skuzy, 29th Aug, 2015
    #31
  12. neK

    neK Well-Known Member

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    @Shahin_Afarin you've lost a fair amount of weight. Almost didn't recognize you. :)
     
    neK, 29th Aug, 2015
    #32
  13. euro73

    euro73 Well-Known Member Business Member

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    Job done :)
     
    euro73, 29th Aug, 2015
    #33
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  14. Sanjeev Kumar

    Sanjeev Kumar Member

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    Great read. Thanks for sharing
     
    Sanjeev Kumar, 30th Aug, 2015
    #34
  15. Steven Ryan

    Steven Ryan Well-Known Member

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    Great example of maximising a the use of a site.

    Did you go for a 70% commercial lend on end value and how much cash went in vs. how much was finance?
     
    Steven Ryan, 30th Aug, 2015
    #35
  16. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Finance was residential 80% of end value w/ St George.

    Cash injected was/is approximately $424,000 (this includes the NRAS licences, holding costs, etc)
     
    Shahin_Afarin, 30th Aug, 2015
    #36
  17. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    Basement Blockwork up
     

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    Shahin_Afarin, 4th Sep, 2015
    #37
    OC1 likes this.
  18. Daniel007

    Daniel007 Well-Known Member

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    Fantastic development, i'll be following this one closely
     
    Daniel007, 4th Sep, 2015
    #38
  19. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

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    I just came back from vietnam and hopefully added a few kilos (food was amazballs) but I'm sure i will lose it again once my schedule in sydney catches up with me.
     
    Shahin_Afarin, 5th Sep, 2015
    #39
  20. Tenex

    Tenex Well-Known Member

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    Good work, one of the bigger parts of these projects is financing (hence you got it in the first place). I think the new bank regulations around lending is going to remove a good portion of people wanting to get into development (or investment for that matter) from the market.
     
    Tenex, 5th Sep, 2015
    #40
    Shahin_Afarin likes this.
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