Building Costs / Land Size Needed?

Discussion in 'Real Estate' started by Sk3tChY, 23rd Aug, 2007.

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  1. MichaelW

    MichaelW Well-Known Member

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    25th Jun, 2015
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    839
    Location:
    Brisbane
    Did I mention that this is my first ever development too... ;)

    Just felt like the right thing to do at the time and now its got a life of its own. :D

    Cheers,
    Michael.
     
    MichaelW, 29th Aug, 2007
    #21
  2. Sk3tChY

    Sk3tChY Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    344
    Location:
    Sydney, NSW
    Heh, dam. Well I'm only 20 atm... :p So you prob have had a few more years of saving, and going up the career ladder than I... Mr. Manager!

    I'd be hoping to do a small development thing in a few years perhaps, heh. Nice to see your first development is going so well tho, supposedly people very rarely ever stay under budget when it comes to these things.

    Hope the build all goes well for you, I think thats where the little bumps and knocks start popping up, rainy days, orders comming in late etc.
     
    Sk3tChY, 29th Aug, 2007
    #22
  3. Matt1

    Matt1 Member

    Joined:
    1st Jul, 2015
    Posts:
    7
    Michael, would you be able to elaborate as to what sort of financing you are using which would enable you to capitalise the interest payments. Is it development finance and are you therefore paying a bit of a premium on the interest rate to 'enjoy' the capitalisation of the interest??

    Cheers
     
    Matt1, 5th Sep, 2007
    #23
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