Browse Forums Building A New House Re: Building & Developing A Duplex In North Ryde 361Jun 02, 2023 3:02 pm 3in1 Supadiverta. Rainwater Harvesting Best Practice using siphonic drainage. Cleaner Neater Smarter Cheaper Supa Gutter Pumper. A low cost, siphonic, eaves gutter overflow solution. Re: Building & Developing A Duplex In North Ryde 362Jun 02, 2023 3:24 pm Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. Re: Building & Developing A Duplex In North Ryde 365Jun 08, 2023 8:17 am Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. Re: Building & Developing A Duplex In North Ryde 367Jun 08, 2023 11:20 am Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. Re: Building & Developing A Duplex In North Ryde 369Jun 08, 2023 12:22 pm Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. Re: Building & Developing A Duplex In North Ryde 372Jun 08, 2023 3:12 pm Ashington Homes In total that is around $755,000! All levels of government do okay out of real estate With tongue firmly in cheek, how much risk has the government taken to earn this money? Cheers for the breakdown. Real world costs are out of control - it's easy to think someone bought at A, sold at B and are automatically swimming in a big vault of money like Scrooge McDuck. Do you at least get "Simeon Street" in the next subdivision based on that contribution? It could start a trend... "BIM Boulevard" "Need Proofs Place" Re: Building & Developing A Duplex In North Ryde 373Jun 16, 2023 8:22 am Great news, we sold the second duplex yesterday, 9 days ahead of the auction. This was a great result as the market is extremely patchy at the moment. There are heaps of people looking, ( we had 83 inspections) but the vast majority of people are really struggling to get finance at the moment. So literally with 10 days to go before the auction and no buyers showing any serious interest, I had a meeting locked in with the agent for yesterday morning to discuss what the possible strategies, even thinking that the auction may need to be cancelled. Then on Wednesday night the agent had two groups through who loved it and started fighting over it yesterday. So we managed to agree terms and exchange for $2.425m. Proving you only need 1 or 2 serious buyers. I think this is a very fair price compared to the first unit that sold as the second one is on the south side so gets less natural light. In both cases the buyers had already sold their homes so were cashed up and didn't need to rely on the tighter funding controls. Anyway, whilst the numbers are lower than I had hoped at the start, the fact that we have been able to sell in these uncertain economic conditions is a huge relief. Now I can put the money in the bank and look for the next opportunity. Cheers Simeon Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. Re: Building & Developing A Duplex In North Ryde 374Jun 16, 2023 8:59 am Great news and excellent result Simeon! Congratulations! Re: Building & Developing A Duplex In North Ryde 375Jun 16, 2023 9:00 am Also thank you for keeping posting and update and I really appreciate your time and effort! I definitely learnt a lot from your post. Re: Building & Developing A Duplex In North Ryde 377Jun 16, 2023 10:03 am Ashington Homes Great news, we sold the second duplex yesterday, 9 days ahead of the auction. This was a great result as the market is extremely patchy at the moment. There are heaps of people looking, ( we had 83 inspections) but the vast majority of people are really struggling to get finance at the moment. So literally with 10 days to go before the auction and no buyers showing any serious interest, I had a meeting locked in with the agent for yesterday morning to discuss what the possible strategies, even thinking that the auction may need to be cancelled. Then on Wednesday night the agent had two groups through who loved it and started fighting over it yesterday. So we managed to agree terms and exchange for $2.425m. Proving you only need 1 or 2 serious buyers. I think this is a very fair price compared to the first unit that sold as the second one is on the south side so gets less natural light. In both cases the buyers had already sold their homes so were cashed up and didn't need to rely on the tighter funding controls. Anyway, whilst the numbers are lower than I had hoped at the start, the fact that we have been able to sell in these uncertain economic conditions is a huge relief. Now I can put the money in the bank and look for the next opportunity. Cheers Simeon Good to hear this great news, it's been a very successful journey for you and your team. it's a good outcome considering current mortgage market. comparing the date you started this project to today, the borrowing capacity reduced about 30-40% based on the same income. congratulations. Re: Building & Developing A Duplex In North Ryde 378Jun 16, 2023 10:15 pm Cream always rises to the top. 3in1 Supadiverta. Rainwater Harvesting Best Practice using siphonic drainage. Cleaner Neater Smarter Cheaper Supa Gutter Pumper. A low cost, siphonic, eaves gutter overflow solution. Re: Building & Developing A Duplex In North Ryde 379Jun 28, 2023 11:21 am Hi Everyone, Firstly apologies for not responding to all of the kind comments earlier. I have been really sick over the past few weeks and couldn't face paperwork. So thank you everyone! Secondly, I am up to registering the subdivision and I wanted to share a major oversight on my part that is holding up subdivision registration. Hopefully all of the other duplex developers out there can learn from my mistake. So my CDC for subdivision had several conditions which all seemed pretty vanilla. They included: 1. Final OC 2. Fences as per the approved plans 3. Works as executed drawings 4. Evidence that water, electricity, gas and NBN could be connected. I jumped on 1-3 early, had all my paperwork completed and double checked. Now stupid me assumed incorrectly that because Sydney water had connected my 2nd meter, Ausgrid had connected power, and Jemena had connected gas, that that was evidence enough. What I didn't realise and in hindsight I should have asked the certifier was what evidence do I need. What I have now found out is that: 1. The S73 co-ordinator needed to issue a new certificate ( I already had one for Final OC) with the words "Torrens Title" added. This cost me $1100 and I am now in my 3rd week of waiting 2. Ausgrid need to issue a certificate confirming power is available 3. NBN also need to issue a certificate, this costs $1200 and takes forever. So lesson learnt, make sure if you are subdividing, get your applications in early! Cheers Simeon Architectural Homes & Duplexes - specialising in custom designing homes to your budget Get a Free Onsite Consultation Today or send a PM for information, questions or advice. Re: Building & Developing A Duplex In North Ryde 380Jun 28, 2023 11:33 am Thank you Simeon for sharing your experience! I got certificates and letter from electricians and NBN. Not yet done with GAS. Do you need anything for GAS? Ashington Homes Hi Everyone, Firstly apologies for not responding to all of the kind comments earlier. I have been really sick over the past few weeks and couldn't face paperwork. So thank you everyone! Secondly, I am up to registering the subdivision and I wanted to share a major oversight on my part that is holding up subdivision registration. Hopefully all of the other duplex developers out there can learn from my mistake. So my CDC for subdivision had several conditions which all seemed pretty vanilla. They included: 1. Final OC 2. Fences as per the approved plans 3. Works as executed drawings 4. Evidence that water, electricity, gas and NBN could be connected. I jumped on 1-3 early, had all my paperwork completed and double checked. Now stupid me assumed incorrectly that because Sydney water had connected my 2nd meter, Ausgrid had connected power, and Jemena had connected gas, that that was evidence enough. What I didn't realise and in hindsight I should have asked the certifier was what evidence do I need. What I have now found out is that: 1. The S73 co-ordinator needed to issue a new certificate ( I already had one for Final OC) with the words "Torrens Title" added. This cost me $1100 and I am now in my 3rd week of waiting 2. Ausgrid need to issue a certificate confirming power is available 3. NBN also need to issue a certificate, this costs $1200 and takes forever. So lesson learnt, make sure if you are subdividing, get your applications in early! Cheers Simeon Hi All Great day onsite today. All of the steel has been installed and looks a treat. Here are some photos: 110 104527 3 8887 Hi everyone, building a duplex with my brother and we will then subdivide the land with council. Each duplex will be 360m2. 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