Browse Forums General Discussion Re: Excessive site costs? 65Jun 10, 2016 4:07 pm qebtel .... It's why sloping blocks, all things being equal, have a lower price that flat blocks Yep here in Perth some Land developers pre-selling future stages have knocked $30K off the price of flattened retained blocks Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Excessive site costs? 66Jun 10, 2016 4:11 pm StructuralBIMGuy qebtel .... It's why sloping blocks, all things being equal, have a lower price that flat blocks Yep here in Perth some Land developers pre-selling future stages have knocked $30K off the price of flattened retained blocks Why would a developer pay for the earthworks and retaining, THEN charge 30k less Than the same size naturally flat block down the road. That makes ZERO sense. Re: Excessive site costs? 67Jun 10, 2016 4:17 pm Ponzu StructuralBIMGuy qebtel .... It's why sloping blocks, all things being equal, have a lower price that flat blocks Yep here in Perth some Land developers pre-selling future stages have knocked $30K off the price of flattened retained blocks Why would a developer pay for the earthworks, THEN charge 30k less Than the same size naturally flat block down the road. That makes ZERO sense. Future land releases they haven't developed and paid for anything yet... Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Excessive site costs? 68Jun 10, 2016 4:21 pm StructuralBIMGuy Future land releases they haven't developed and paid for anything yet... So the flattening and retaining happens by magic? Or someone does that work for free? Preselling undeveloped land, with promise to flatten and retain to be on equal footing with a flat block down the road for 30k less still doesn't make sense. Could you link us these developments please? Re: Excessive site costs? 69Jun 10, 2016 4:49 pm Ponzu StructuralBIMGuy Future land releases they haven't developed and paid for anything yet... So the flattening and retaining happens by magic? Or someone does that work for free? I didn't say anyone does the retaining for FREE, there is just no retaining, you future block is sloping. Ponzu Preselling undeveloped land, with promise to flatten and retain to be on equal footing with a flat block down the road for 30k less still doesn't make sense. The retaining is taken out ..the punters think they are getting a great deal..That's until they move on to the next stage Ponzu Could you link us these developments please? Here viewtopic.php?f=31&t=67887 Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Excessive site costs? 70Jun 10, 2016 4:53 pm That's a post on this forum from 2013, not a link to any development in Perth that is selling future releases of retained levelled blocks for 30k less than the flat blocks. I'm not sure if i missed something or you have...
Quote: Yep here in Perth some Land developers pre-selling future stages have knocked $30K off the price of flattened retained blocks The price of land out there has steadily risen and is all similarly priced. You said it was retained and levelled undeveloped lots selling for 30k less. Show me. Just to clarify I'm looking for lots which are priced according to the same factors +/- 30k - eg don't link me a block on the beach for 250k and one 10 minute drive inland for 200k Re: Excessive site costs? 71Jun 10, 2016 5:57 pm Ponzu Just to clarify I'm looking for lots which are priced according to the same factors +/- 30k - eg don't link me a block on the beach for 250k and one 10 minute drive inland for 200k No, it is the same Beach location varying site works and sales prices...go figure Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Excessive site costs? 72Jun 10, 2016 6:00 pm StructuralBIMGuy Ponzu Just to clarify I'm looking for lots which are priced according to the same factors +/- 30k - eg don't link me a block on the beach for 250k and one 10 minute drive inland for 200k No, it is the same Beach location varying site works and sales prices...go figure Show me. Because for all my Google fu and my RPdata account, I can't see whAt you're referring to. Show me where the beach blocks with promise of retaining and leveling are going for 30k less. Surely if it's for sale you can show me. Re: Excessive site costs? 73Jun 10, 2016 6:24 pm Ponzu StructuralBIMGuy qebtel .... It's why sloping blocks, all things being equal, have a lower price that flat blocks Yep here in Perth some Land developers pre-selling future stages have knocked $30K off the price of flattened retained blocks Why would a developer pay for the earthworks and retaining, THEN charge 30k less Than the same size naturally flat block down the road. That makes ZERO sense. I would happily pay $30k more for a sloping block if it had a nicer outlook, better access to natural light and cross ventilation. I'd much rather be up a bit higher than trapped down in the flats with everyone else Re: Excessive site costs? 75Jun 10, 2016 6:52 pm Ponzu Don't worry because according to bimboy and qebsmall you can flout economic reason and business sense and get it for a steal You don't like other peoples points of view and then you insult them..really you don't deserve to be on this forum You assist no one. hth Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Excessive site costs? 76Jun 10, 2016 7:22 pm StructuralBIMGuy Ponzu Don't worry because according to bimboy and qebsmall you can flout economic reason and business sense and get it for a steal You don't like other peoples points of view and then you insult them..really you don't deserve to be on this forum You assist no one. hth I love other people's points if view. I just call bull$hit when I see it. Not sure you've assisted anyone either btw. All I see is double think/speak and contradictions, generic advice ( which you've been pulled up for by other members in your field or better) and links to your google community which doesn't actually inform on any topic. Still waiting for you to qualify your statement about levelled and retained blocks going for 30k less than equivalent flat blocks In an area that is priced in relation to similar factors in the same development. I know I can provide examples of economic modelling regarding supply and demand being the driver of land price rather than the cost of earthworks being used to discount blocks "to make them more affordable". Re: Excessive site costs? 77Jun 10, 2016 7:36 pm Ponzu I know I can provide economic modelling regarding supply and demand being the driver of land price rather than the cost of earthworks being used to discount blocks "to make them more affordable". HA HA HA HA LOL Do you think the battlers want your economic modelling on excessive site costs?... What is it you do again? Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Excessive site costs? 78Jun 10, 2016 7:54 pm StructuralBIMGuy Ponzu I know I can provide economic modelling regarding supply and demand being the driver of land price rather than the cost of earthworks being used to discount blocks "to make them more affordable". HA HA HA HA LOL Do you think the battlers want your economic modelling on excessive site costs?... What is it you do again? Oh "hahaha lol ok" is a response I've seen from you before when questioning others. But when questioned your self you slink away. I'm an auditor by trade, CPA qualification. I work in financial crime (AML/CTF), what I do, keeps you safe at night and you don't even know it. Economic modelling is directly specific to your claim. Still waiting for the evidence of earthworks being a driver of land price. My offer to modelling is simply to evidence you're wrong, and given you can't show what I've asked for, there's not much more to say. "Battlers" which you keep referring to don't want generic advice either, they want specific, cost effective and useful advice, which depending on the thread ranges from generic to "most people can't afford it because xyz". You and I have had our differences but at least I do t direct members to pages that have obfuscated "simulations" as solutions for problems they are having. So.....30k cheaper levelled and retained undeveloped block up for future sale in the same devolpment (all other factors being equal), go.... Re: Excessive site costs? 79Jun 10, 2016 7:58 pm There is only one rule in real estate (including land) value and that is Location,Location, and Location. Developers know that and in conjunction with real estate agents will carefully work out what they can get, block by block. They will even pre-sell to themselves or allies(builders) or speculators to create faux demand and fear of shortage (you will miss out because its 40% pre-sold on release) You can bet that buying from a developer nothing will be a bargain, because they like their profit to the max, and you will only get a bargain if there is a fire sale (and only if you are lucky) in which case every man and his dog will be there and you will likely pay full anyway. When the estate is substantially sold then pre-sold blocks will miraculously reappear as relisted or speculators will be cashing in their chips. So it's not just economics of land production, slope or no slope that affects the price of land but also market forces (supply and demand) and demand distortions through speculation, land banking and the art of marketing. Art of marketing is as it is said selling sand to Arabs or ice to Eskimos (no racism intended) Market distortions could be far more significant than the anticipated owner's site costs. Foremost Building Expert in Australia,assisting with building problems/disputes, building stage inspections,pre-contract review advice for peace of mind 200 blogs http://www.buildingexpert.net.au/blog Re: Excessive site costs? 80Jun 10, 2016 8:06 pm building-expert There is only one rule in real estate (including land) value and that is Location,Location, and Location. Developers know that and in conjunction with real estate agents will carefully work out what they can get, block by block. They will even pre-sell to themselves or allies(builders) or speculators to create faux demand and fear of shortage (you will miss out because its 40% pre-sold on release) You can bet that buying from a developer nothing will be a bargain, because they like their profit to the max, and you will only get a bargain if there is a fire sale (and only if you are lucky) in which case every man and his dog will be there and you will likely pay full anyway. When the estate is substantially sold then pre-sold blocks will miraculously reappear as relisted or speculators will be cashing in their chips. So it's not just economics of land production, slope or no slope that affects the price of land but also market forces (supply and demand) and demand distortions through speculation, land banking and the art of marketing. Art of marketing is as it is said selling sand to Arabs or ice to Eskimos (no racism intended) Market distortions could be far more significant than the anticipated owner's site costs. You raise a good point about perceived demand vs availability although this all adds to supply and demand. Even if it's perceived. Of course exceptions happen, but they are not the rule. Growth corridors don't happen because developers Are reducing costs, but because there is demand. Supply is often manipulated to show an increased demand in development areas. Any new estate is proof, each estate has YEARS of development potential, but it is released in stages to build on demand. 40k to 80k to 100k until the blocks I. The area are fetching 400k such as point cook and Williams landing in Melbournes west (which are all rubbish btw) when Laverton closer to the city is half the price, but a bad area (for now). Is anyone building with Mojo and have a recent site cost tender 0 16230 Henley should give you some indication of site costs. Too many variable to give you any reasonable accuracy 1 2203 Looking to tile the facade pillars rather than rendering. Builder is quoting 2500$ laying cost for upto 10msq. The 2 pillars come to be 16msq. So laying costs are 5000$… 0 8134 |