Townhouse Designs and Prices Melbourne - We Breakdown Four Projects

[@peterkellyofficial]

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[@peterkellyofficial]

This is an updated version of this video - originally I shared the build estimates so I could get the information out. It has now been updated to include the build actuals. There were also a couple of typos in the original video which have now been corrected :)

[@ehabdaoud2027]

Thank you Peter great insightful video 🙏👍👍👍👍

[@peterkellyofficial]

It's my pleasure Ehab :)

[@xunrancheng8656]

I got tones of value from your video, thanks mate!

[@peterkellyofficial]

It’s my pleasure Xunran 🙏

[@gokhanozturk4901]

Great video, a lot of useful information. Thank you.

[@peterkellyofficial]

Glad it was helpful Gokhan, it’s my pleasure 👍

[@aymanodowd933]

Loving the videos peter! I was wondering if you had any follow ups for the Ivanhoe project video or blog?

[@peterkellyofficial]

Thankyou so much!! 🫡🔥 Not as yet - See how we go 👍

[@TrangLe-ie3mj]

Thanks

[@peterkellyofficial]

It’s my pleasure Trang 🙏

[@zedrunfordummies4315]

Great videos! I'm in binge watch mode. I need the Peter Kelly & Little Fish of low rise residential apartments in Tweed Heads. Any advice for finding and choosing residential development management outside of townhouses in Melbourne?

[@peterkellyofficial]

The best advice I can give is make sure you do the work, cast the net as far and wide as you can and take your time - and not being funny, but keep binging the content, plenty of transferable gold 🤙🙏✊

[@zedrunfordummies4315]

@@peterkellyofficial thanks for the reply. I've definitely found useful parallels even though the location and type of build is different. I almost feel there is enough information in your videos to give it a go myself. Although what you said in one of the videos about a good development manager being worth more to the project than the cost of the management fee makes a lot of sense. I will follow your advice of casting a wide net and taking my time.... and of course watching all your content. Thanks again.

[@peterkellyofficial]

@@zedrunfordummies4315 It sounds like you are all over it! It's my absolute pleasure brother - make sure you keep us posted!

[@2woodpecker]

Is there any reason why you don't include land acquisition as part of the costs to make it even more realistic?

[@peterkellyofficial]

Hey Andrew! Not all properties are purchased - most sales information can be found online so you could always reverse engineer .. if you search the address check that data. If it was purchased you’ll see the number. If not you could factor in the estimated value at that time. Hope that helps! 😎

[@devilcomando]

Hi Peter, suprisingly I havent seen the cost of engineers (stormwater & structural), are these part of any cost listed that I dont see?

[@peterkellyofficial]

Hi Uong! Those costs are part of the middle development construction documentation cost :)

[@williambmarkovi]

Hi peter Love the vids mate, is it possible to share the timelines projected and achieved on these properties, say with Microsoft project or whatever program was used at the time. Outlining the varies stages and trades involved. Much appreciated. Bless

[@peterkellyofficial]

Hey William, no worries at all! If you check some other videos on the channel we have shared that information where we could - specifically the case study videos, cost videos and even a process one we did a while back should help get you heading in the right direction. But stay tuned. We have some exciting stuff coming up, like our Townhouse Masterclass and the Little Fish Network, where we will bring a tone of value to the community!! 🚀🙏🐟

[@SomeAlex1]

What is the ‘open space contribution’ cost for in the construction costs?

[@peterkellyofficial]

Hey Alex, it's a contribution to the council so they can improve the open space in the local area, parks etc. Hurts a bit, but it is what it is! Good luck!

[@SomeAlex1]

@@peterkellyofficial damn just another expense I’d have to factor in. Seems like subdivision and townhouse developments aren’t very profitable now with the increase in construction costs and land being so expensive

[@SomeAlex1]

Thanks for the quick response though!

[@peterkellyofficial]

@@SomeAlex1 It's definitely tricky Alex, but there is still plenty of money to be made when you get it right! Good luck!

[@peterkellyofficial]

👍@@SomeAlex1

[@BLNTV28]

Are those costs with the land

[@peterkellyofficial]

Negative 🙏

[@mymindisaroom4513]

Hi Peter, great content! Can i ask what the average ROI is with these projects?

[@peterkellyofficial]

Cheers! Our rolling average of recent years is circa 20% ROI on overall project at completion. The internal rate of return (so return on actual equity/capital committed) is much higher. Happy developing 🙏🤘🙌

[@mattrubenstein86]

Does NRZ1 have the same benefits as GRZ1?

[@peterkellyofficial]

Its more conservative - Both usually work ok for us and the townhouses as our projects are on the conservative side 👍👊👌

[@surajshrestha5521]

Hi peter, how can I contact you guys? would you please provide me details. Thank you.

[@peterkellyofficial]

Easy, Suraj, you book a time anytime 👉 www.littlefishproperties.com.au/

[@satindersahni5354]

Hi can Peter or anyone explain why the last property in Williams town construction is significantly lower approx 17 k per sq as compared to rest others 25k per sq . I understand townhouse doesn’t go sq wise by why such huge differences?

[@peterkellyofficial]

Hi and thanks for watching!! 👌👍 The $17K were older jobs before the prices were inflated through Covid.

[@hanasaram]

With that costs is there any profit left?

[@peterkellyofficial]

Hey mate - Thanks for watching! There is, but now more than ever you need to be smart!! 👌🥊🔥

[@TrangLe-ie3mj]

🥺🥺😘😘🙏🙏

[@peterkellyofficial]

Cheers Trang 😎🙏🚀

[@jakelombard2514]

Are you undertaaking

[@peterkellyofficial]

Hey Jake! We did, we undertook these projects on behalf of our clients and investors :)