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Discussion in 'Development' started by Cruskits, 1st Jul, 2015.

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  1. Cruskits

    Cruskits Well-Known Member

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    Perth
    Cheers for the numbers Aaron.
     
    Cruskits, 2nd Jul, 2015
    #21
  2. MTR

    MTR Well-Known Member

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    I suppose it would be very easy to find out if in fact these area are still doing ok, prices are certainly not rising, but that is the case everywhere I think
     
    MTR, 2nd Jul, 2015
    #22
  3. Kent Cliffe

    Kent Cliffe Well-Known Member

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    Perth
    I do like the North Perth area and I do like the DAP process, but I'd prefer a smaller boutique sites with a lesser reliance on pre-sales. At 60 apartments with a 25% margin and 70% debt cover from the banks, you are looking at 30 sold with 10% deposits before going to construction. It is tough on the ground as many developers are offering 5% or $5k deposits with plenty of incentives.
     
    Kent Cliffe, 2nd Jul, 2015
    #23
  4. catsteve

    catsteve Active Member

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    22nd Jun, 2015
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    Location:
    Perth, WA
    Bad ground. that development has been going for years.
    take a drive down kayle st behind it. all the rooflines are sagging (particularly the older homes). major cracking in brickwork.
    must be build on a swamp or old refuse.
     
    catsteve, 8th Jul, 2015
    #24
  5. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    @Aaron Sice designed them. Pre-sales must have been completed ages ago before construction commenced.
     
    mrdobalina, 8th Jul, 2015
    #25
  6. Aaron Sice

    Aaron Sice Well-Known Member

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    are you talking about Meridian?

    I didn't design those, but the co I work for did the development - they were part of a design and construct that Builton pretty much demanded - anything they build must go through McDonald Jones.
     
    Aaron Sice, 9th Jul, 2015
    #26
  7. Aaron Sice

    Aaron Sice Well-Known Member

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    Location:
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    Meridian is sagging or the older homes?

    It's all ex-re-claimed land from Smith's Lake.
     
    Aaron Sice, 9th Jul, 2015
    #27
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