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Yes I am now. I resigned from my other full time job 6mths ago Sorry there isn't. Don't be, it's a endless drowning mess of paperwork at the moment :)

Next is 3 apartments in Highgate: DA Approved, Building Permit soon 4 terrace houses in Highgate: DA Lodged should know this month 6 apartments in North Perth: DA to be lodged Jan 5 townhouses in North Perth: DA to be lodged Jan 4 apartments in Mindarie (joint venture): DA lodged should...

Thanks, much appreciated!

Yup!! So I'm thinking of not taking the North Perth ones to site until 2016

Thanks! I have decided to change over to Ps. In a non serious way I started 16yrs ago. But really started the developing side in 2007 Lots of multi tasking. :D All going well Highgate #1 and Highgate #2 will go to site in Q1 2015 Q2 should see Mindarie go to site I'll get the ball...

The suburb pretty much demanded that level of finish. It had to be nice - but it didn't cost a lot more than my other builds - some nice features like ducted air con instead of split (a must as it was 4 bedrooms), stone bench tops to kitchen/laundry/bathrooms, cedar lining to the alfresco and a...

Thanks Next is 3 apartments in Highgate 4 terrace houses in Highgate 6 apartments in North Perth 5 townhouses in North Perth 4 apartments in Mindarie (joint venture) .......AND 4 apartments and commercial office in North Perth (providing it got the resi/commercial rezone that was voted...

And a broker to do it all for me :)

Valuations came in and I was pleasantly surprised that B, C and D were valued at $700k each. Bazzinga! So that means: Total Development Cost (inc holding $2.01m End Value (based on sale and bank valuation) $2.85m Current Debt...

Hey Z6, sorry I never saw this reply. I got the land for $849k Complete construction was $1.05m (the 0.5 is a little rough but around there) Villa A sold for $705k and the rest rented for $600-$640pw I love that stone and it's actually very affordable now. It was around $110/sqm when I...

Well we are almost there at the very end. Titles were issues 2 weeks ago and the one we sold was due to settle on the 27th. It does look like settlement will be delayed but not by much. Valuations were conducted yesterday and Heritage Bank need them to do a partial release so the title for...

16mths is from Settlement as that is when holding costs started and continued until the 3 keepers were rented and one sold.

Delays in Council for DA and Building Permit plus wet weather delays. It was never ending :) So yes the holding costs were more than the budget but this is what contingency buffers are for. Unfortunately we had to put money over other projects so the buffer ran dry.

Well approximately one week until we are unconditional on the sale. All is looking good and I might start I'm running the end of project sums and some of them hurt Cost of mortgage repayments for the 16mths $112,000 for the $1.9m (believe me it hurt). It ate through all the IP income and...

Third offer was made yesterday and I accepted and all paperwork was signed before anyone could show an inkling of remorse. It is subject to finance but hopefully all will be AOK

We had another offer the day the other sale fell through but not quite enough and they weren't prepared to increase it. A few people have been through twice on the weekend so follow ups are happening.

Darn it !! Not sold. Counted my chickens before hatched. Final thing was being signed this morning and they got buyers remorse overnight. Aaaaarghhhh But home open today as planned so we will see what happens.

I'm a genius (cough cough). The house is lacking in champagne but I can solve that tomorrow. Indeed it was Oscar. I will share once it's unconditional next week The furniture was great. I can go carefully play on it for the next 20 days and get my money's worth :D

And now Under Offer. I almost can't believe how quick it's ended. Took 2 years to get here and then sold 2 days after first home open.

Got an offer!!! Deciding what to do. :eek::eek: