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Total cost for this development?

Discussion in 'Development' started by LifesGood, 13th Dec, 2015.

  1. LifesGood

    LifesGood Home Building & Development Consultant Business Member

    Joined:
    26th Jun, 2015
    Posts:
    644
    Location:
    Perth WA
    Here's one for the smarties... What figure would you put on the development costs for this one?

    Land was bought for 3.18mil earlier in the year.

    Dropbox - Oxford_S_370_01_M (1).pdf
     
  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    13th Jun, 2015
    Posts:
    2,958
    Location:
    Perth
    Too big for me to calculate.

    Maybe $600k for the basement parking plus commercial
    Maybe $8m for the resi component

    Proposals like that frustrate me. It's an R60 Block so Council have written
    Deemed to Comply: A plot ratio of 0.7 or 844.9 sqm
    Proposed: A plot ratio of 2.1 or 2544.1sqm

    Not even close to complying. Over by 1700sqm!! Almost three times the compliant amount. WTF :mad:
     
    Leo2413 likes this.
  3. LifesGood

    LifesGood Home Building & Development Consultant Business Member

    Joined:
    26th Jun, 2015
    Posts:
    644
    Location:
    Perth WA
    Yeh I got a bit confuzzled at that point too!!