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Build completion ETA

Discussion in 'Development' started by Affogato, 2nd Oct, 2016.

  1. Affogato

    Affogato New Member

    Joined:
    2nd Oct, 2016
    Posts:
    3
    Location:
    Vic
    I purchased OTP in a four storey, 25 unit suburban development. No pool or gym.

    Foundations were in place start-August. First level was up by start-September.

    I'm trying to get an idea of two things: the time it will take to complete the development, and the approximate settlement date.

    I know the settlement date is fairly difficult to estimate because vendors do their own thing, but surely there's an industry average for completion time?

    Thanks
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,545
    Location:
    Sydney or NSW or Australia
    • How many storeys?
    • How many units/floor?
    • What's the track record of the builder?
    • What colour are the toilets?
    • Is it in a major capital city or regional area?
    • How deep is the basement?
    • What is the propensity for rain until the building is out of the ground?
    • What is site access like?
    • Who gets an invite to the topping-off party?
     
  3. Affogato

    Affogato New Member

    Joined:
    2nd Oct, 2016
    Posts:
    3
    Location:
    Vic
    Scott No Mates:

    Four
    Eight per floor
    Well, they're not shonky
    White
    Melbourne
    No basement
    Low propensity
    Highway access at one end (via residential street), collector road at the other. Access generally good
    Everyone!
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,545
    Location:
    Sydney or NSW or Australia
    Should be 16-18 months tops
     
    LifesGood likes this.
  5. Affogato

    Affogato New Member

    Joined:
    2nd Oct, 2016
    Posts:
    3
    Location:
    Vic
    Gee, that's far longer than I had in mind. Doesn't faze me, though. I was thinking 8–10.

    Thanks a lot
     
  6. Agent30yrs.

    Agent30yrs. Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    153
    Location:
    Brisbane
    I'd think 12 - 14