Breaking Down the Costs: Budgeting for Property Development | EP. 14

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  • čas přidán 10. 09. 2024

Komentáře • 35

  • @peterkellyofficial
    @peterkellyofficial  Před 3 měsíci

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  • @someneabun1672
    @someneabun1672 Před 3 měsíci

    Great Contents! Thank you for sharing.
    Does your model only apply to Australian citizens or Foreign Investors can jump on the wagon too?

    • @peterkellyofficial
      @peterkellyofficial  Před 3 měsíci

      Come one come all!! 👌💯💪
      Foreign investors are advised to get advice around structuring themselves properly ✅

  • @Beeman246
    @Beeman246 Před 4 měsíci +1

    love the content as always! Would love to see deep dive break downs of all costs in the feso like soft costs etc. as you mentioned :)

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Thanks so much Beeman 🙏
      Fair to say this is what everyone wants to see!! 🫣 We will be doing this in the coming weeks 💯

  • @phanikarthikkowloori3775

    Can we choose irregular lots for townhouses if they are sold cheaper?

    • @peterkellyofficial
      @peterkellyofficial  Před 13 dny

      You can.... just as long as you can still fit the design and make your returns 🤑🥊

  • @gocelazareski2599
    @gocelazareski2599 Před 4 měsíci +1

    i Like the first set of plans for Daily Road, Sandringham, VIC however where is the consideration and compliance with the new liveable standards that just came in this month?

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci +1

      Thanks for watching mate - These new regs will all be met where required ✅💪

    • @gocelazareski2599
      @gocelazareski2599 Před 4 měsíci

      @@peterkellyofficial Fair enough what are your thoughts on the new regs?

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Don't get me started!! 🤨

  • @fisherh9111
    @fisherh9111 Před 4 měsíci

    Good buying from Gav and his numbers on this were spot on. I'm with you on the build costs though Pete - I'd spend a smidge more as the comparables I could find justify it I think. Definitely would like to see the cost breakdown (more detail is better). Great all-round episode again guys.

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci +1

      Thanks Fish 👊 - Yeah he is deadly around an auction Guru Gav!
      Deep cost break downs are coming 🙏

  • @eugenelui4106
    @eugenelui4106 Před 4 měsíci

    Hi Peter. Great video as always, and very informative. I have a question regarding construction costs. Your feaso is currently showing $25,500 per square or roughly $2,750 per sqm. I thought the current construction rates were a fair bit higher. Do you generally get cheaper rates through good working relationships with your builders or are these the rough numbers we should be looking at for our own feasos (understanding that not all projects are the same).

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Thanks for watching 🙏
      These rates are our rates we would anticipate to see on a job like this, we have great relationships. But also like you said not all jobs are the same, this one is a pretty straight forward side by side!
      👊🙏💪

  • @darrencoburn
    @darrencoburn Před 4 měsíci

    Love the videos, first time in the comments. What's the side setback on the front dwelling? 2metres? I thought once the land is subdivided the side setback goes from 2 metres to 3 metres. Any clarification around that?

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Yes approx 2m!
      The land gets subdivided at the end, not sure about this query...? Sorry.
      On a corner block these are the required setbacks 💪👊

  • @12345xfire
    @12345xfire Před 4 měsíci

    Very surprised to see the lending on that feasibility.
    Didn't think the bank would let you knock down a house when you only have 20% equity.
    A lot less capital required than expected.

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      The house is only approved to be demolished from the lender when the build loan has been approved ✅
      The houses we deal with are not worth much... But it's a good point you raise 😏

  • @yoloswagawesome3731
    @yoloswagawesome3731 Před 4 měsíci

    Gosh the middle townhouse has smashed it out of the park. It's got great space and flow. I've been watching the progress of a recently built and sold townhouse in Brighton. The buyer feedback was there were too many bathrooms which signaled too much cleaning. Not what I expected but that was the open for inspection consensus from people going through. I must admit it was a much bigger dwelling and every bedroom had a bathroom but I don't think they needed it. Personally I think you need a bath in a home

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Great insight Yolo!! 👏🏼🥊
      Yeah i'm hearing you about the bath - You may not need it often, but when you do!!
      Still some dialling to do with these beauties - Will keep everyone posted 💯🔥

  • @fisherh9111
    @fisherh9111 Před 4 měsíci

    I'm with Claire. 4 bed, 4 bath does it for me!

  • @mack3turbo
    @mack3turbo Před 4 měsíci

    Hi Peter, What software do you use for your feso?

  • @gracejones5763
    @gracejones5763 Před 4 měsíci

    @Peter Kelly, this is incredible outcome on the 38 Brian St, Bentleigh East. The design and process is very professional. Just to confirm,
    capital required for this project is $985,596? this can be cash or equity?
    Net profit of $458,854 (over 2 year project timeline?)
    By the way, can you explain the land holding cost $124,704 and building holding cost of $49,009 (how did you get to these numbers?)
    I'll seriously consider a project with you guys.

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Hi Grace!
      Thanks for watching 🥊🔥
      Yes that is the capital required in this case, but it can look different if required depending on your situation!
      Cash/equity release is fine.
      The holding costs on the land, which is settled first and then you have the build lending costs.
      Reach out if you have any more queries!!
      🚀👊🔥

    • @gracejones5763
      @gracejones5763 Před 4 měsíci

      @@peterkellyofficial Fantastic! So I understand the number correctly, if the building holding cost total to $49,009. Is it basically 80% of the building cost is $1,428,000 = $1,142,400, right? And a 12 month term on 6.5% interest should be $74,256? Why your spreadsheet shows $49,009? appreciate your clarification here. Thanks

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Hey Grace - Yes you are on the right track!
      In saying that - This is how this particular client was set up. It is advisable to get your own specific advice from your trusted broker 💯🥊🔥

    • @gracejones5763
      @gracejones5763 Před 4 měsíci

      @@peterkellyofficial Thanks for your reply but you haven't really answered the question. All good though.

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Hi Grace - In regards to your question around the interest calculation...The lending is drip fed out to the builder as they progress through the job.
      It's not calculated on the total figure?
      The interest is minimal early on in the build and gets heavier as it gets higher. This should make sense now.

  • @Darrenbhill
    @Darrenbhill Před 4 měsíci

    Hi, watching you from paris love What you doing, genuinely please at this level, build a school and teach to young people, your roi Will be more attractive than CZcams !

    • @peterkellyofficial
      @peterkellyofficial  Před 4 měsíci

      Thankyou so much for watching 🥊
      From Paris with love!! 💪💯
      A school sounds amazing 🥳