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Love the content Peter & Gavin!! I would love to know more about how the financing works. How much of the property and build cost is borrowed and how much cash deposit you need to make one of these deals stack up?? cheers :)
From the feaso looks like they are only funding the construction cost with debt and rest of the cost of $2.8m is equity funded. Why arent you guys leveraging higher? Also, if you did the ROI would be pretty low as interest goes up - is it worth doing these projects at
@@jjelelelelelwle Hey Jajaja! Thanks for the msg! We have found a sweet spot with the investors, paying for the land and soft costs with equity/cash and lending the build as a very straightforward way of doing things. It minimises holding costs and means we can get private lending VERY easily for the build with no valuers, quantity surveyors, etc! 👍🔥💪
Awesome content! Keen to learn more about how to optimise the finance side of things (e.g. equity releasing from other properties or renting out the existing house while getting plans and permits) - how do these things impact the bottom line and RoE
always very informative and helps broaden my knowledge and scope as a Building Designer in Melbourne, hope to be involved in more projects like what Little Fish does :)
Great work as always!.. It would be interesting to see what you and your community think about Victoria's incoming property tax hikes and what impact that may have on the construction/development sector going forward.
Hey JJ! It is still early in the process, so no builder has been appointed yet. That pricing is around $30K sqm; it would be a nice mid-spec... In saying that, if the re-sales permit, we will wind it up to higher spec and increase the budget. 👍👍
Cup holder - Glad to have you on board! We have a Network coming out the first week of March; there will be plenty of resources and guidance available in there!! Happy developing! 🚀
Hi Peter, so excited to hear all information you have provided with many many thanks. Can I ask what is about the project management fee in the soft costs column?
@@peterkellyofficial Hi Peter, thank you for your replying. Do you have your team in Queensland? We are in the stage of pre-purchasing and will need to find the reliable project management and builder soon.
