Finding & Evaluating Development Sites - Sydney CPD Event 17/4/19

For those who are interested: Linky

Possibly not for the faint hearted but may be worth a few hours of your time.

Register Linky​

 

I'm not a developer but always fascinated by interesting api's.

I hope if you go, @Scott No Mates you will give us a report - presumably they will be letting you test drive the software - or perhaps you already use it? (There are no prices on their site but I guess it's very expensive if major developers use it!)

 

Attending this with a friend .

 

@Scott No Mates if you going let me know.

 

@Scott No Mates I got em tickets for dev night tomrrow. Its a goer! see ya there buddy

 

See you there

 

I caught up with @Sackie at the presentation last night - always better in good company.

The software appears to have some great potential - from site search based on your parameters, site analysis, incorporation of planning instruments to developing feasible models including base building envelopes which comply with the planning controls of a site.

It also integrates nearmaps,domain etc for images, market comparisons etc.

The presenter gave a fly through presentation only, not a live demo/nothing driving it.

The package is webbased (subscription) and no information provided on cost.

There would be some useful outputs for those with half an idea of what they are doing but can be useful for small sites for units, town houses, duplexes etc as well.

It takes me back to the early days of throw a few numbers against a whiteboard, if they stick then it is a good project and worth investingating further. This is much more advanced and takes out alot of the legwork required to get to building envelopes and options available to produce costings based on feasibility.

_______________________

Dave Bannerman's presentation made a few interesting points regarding the 'new' bond scheme for multi-storey developments.

• No bonds have yet been paid even though it dates back to contracts commencing 1/1/18
• The 2% bond wouldn't go very far on most blocks of units so will provide very little comfort to purchasers
• Bond goes into the pool of funds available if the developer has gone bankrupt so any claims join with all other creditors (and after the liquidator gets their cut).

 

I missed it. Should check more sections of the forum .

 

Thanks so much for the report, @Scott No Mates - it sounds fantastic. I wish I were at the start of an investment journey and had lots of serviceability!
No surprise about the bond scheme

 

Oops just saw this - would have been interested. Hopefully next time I'll pay more attention!

 

They're generally on every month with different topics.