澳洲Australia property Recipe for Developing Property | Sydney


在澳大利亚 Hi all, I currently have a PPOR and 10K cash in the bank which I plan to use as a deposit for a IP early next year. Is it possible for me to place this into my PPOR loan and then redraw the 10K when Im ready for the IP and then claim the int Hi Guys, Ive found a property that has mentioned two payments coming up of $1400 to apparently top up the admin fund and 2 have just been paid. Im looking at a financial statement (basically a balance sheet) for the strata and its all a bit


I am interested in fine tuning a financial model (recipe) to support the development of vacant land into either residential or commercial property.

I have developed spreadsheets but am fairly sure that my attempts would be re-inventing a wheel.

I am keen to find out if there are any generally accepted models in the market that I could obtain.  

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It sounds like you're looking for a feasability program.

There are a number of feasability programs available. One you could try is Devfeas, available at www.devfeas.com.au

Devfeas is a good start, but there is no "cookie cutter" approach that I can think of. Each site is different and require different approaches.

Maybe Michael Yardney can offer further info for you.  

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Thanks Joanna - I have requested a demo copy from the web site and viewed their sample reports - looks like it is what I am after!

David  

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Originally posted by David Mackey
I am interested in fine tuning a financial model (recipe) to support the development of vacant land into either residential or commercial property.

I have developed spreadsheets but am fairly sure that my attempts would be re-inventing a wheel.

I am keen to find out if there are any generally accepted models in the market that I could obtain.
Click to expand...
David I understand your question a little differently to Joanna. I agree with her that feastsudy is a great program - we use it all day -but it's obviously only as good as the numbers you put into it.

When you talk about a model or recipe do you mean that if you follow the recipe then you know you will get a dvelopment approval or so many dwellings on the block?

In Melbourne the State government has put out such a recipe called ResCode - but it doesn't work. Each council has its particular overlays and each property has its peculiarities that makes the result unpredictable.

For example I am applying for development approvals / permits for two separate 3 unit developments in the same street. At no 22 we received our permit last week with no objetors and no hassles from council. At no 69 in the same street on the same size block we received 4 x objections from neighbours and had a mediation meeting with objectors and the council last night. While our proposed development meets all planning requirements and wil probably get approval from the town planning officer I know that the council (the voted in councilliors) will "knock back" my approval so they win votes. I will either have to drop the doublestorey component of the front unit to appease the neighbours or appeal at VCAT - which I will do for the cost of 4 months and $5,000.


Sydney is worse. There is no single planning scheme - each council has its own requirements.

In summary the financial side is one thing. The difficulty in interpretting town planning regulations is another minefield.  

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Dear Michael

Posted by Michael Yardney
When you talk about a model or recipe do you mean that if you follow the recipe then you know you will get a dvelopment approval or so many dwellings on the block?Click to expand...
At this point I am still concerned with understanding which opportunities will be financially sound. Further into a development process I will then be concerned with the operational aspects as you allude to - but then again - I also like the idea of outsourcing that component to experienced developers.

What I am trying to do is identify opportunities with the starting point being .. "what can I sell it for?" and then working back to determine .. "what I can afford to pay for it."

I have developed spreadsheets to factor in costs, contingencies and required margin - but then extrapolating that to ROI analysis and sensitivity analysis is not straight forward - I figure that somewhere out there they may be someone who has done this before me.

Does this make sense?

Regards David

David  

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David
If that is what you are after Feastudy will do the trick as Joanna explained.
The problem is knowing what figures to put into it. But that comes with experience.  

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I agree - my next step is to go and get some experience either first hand or second hand.

Have you used Feastudy successfully?

David  

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Originally posted by David Mackey
I agree - my next step is to go and get some experience either first hand or second hand.

Have you used Feastudy successfully?

David
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Yes David
I use it daily. Send me a private email if you want and I will email you a copy of a feasibility report to show you what the program does  

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Originally posted by David Mackey
Dear Michael


At this point I am still concerned with understanding which opportunities will be financially sound. Further into a development process I will then be concerned with the operational aspects as you allude to - but then again - I also like the idea of outsourcing that component to experienced developers.

What I am trying to do is identify opportunities with the starting point being .. "what can I sell it for?" and then working back to determine .. "what I can afford to pay for it."

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Hi David

You are going about it the wrong way.

How do you know what you can sell it for if you don't know what you can put on it in the first place.

This is where knowing the council rules and regulations for developing a particular block is required. You have to first determine what you can build on a development site. Then you can do a feasability study to see if it's worth buying or not.

So I believe the first step when considering a development site is to find out what can be built on that site through careful cosideration of the councils rules and regulations.

Regards

Investor :)  

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Hi - I think I was assuming that I would have some idea of what was possible to build based on the area and what had successfully sold previously.  

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