Townhouse Designs and Prices Melbourne - We Breakdown Four Projects

Рет қаралды 7,490

Күн бұрын

In this video, Pete shares four townhouse designs and prices in Melbourne. He breaks down the designs and costs, sharing everything you need to know.
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01:13 Waterdale Road
02:13 Early development
02:24 middle development
02:40 construction
02:55 Marketing
03:06 Management fee and total
03:19 Inkermann Street
03:51 Early development
04:05 middle development
04:17 construction
04:26 Marketing
04:34 Management fee and total
04:45 Coling Avenue
05:08 Early development
05:17 middle development
05:33 construction
05:45 Marketing
05:53 Management fee and total
06:03 Tobruk Crescent
06:33 Early development
06:42 middle development
06:53 construction
07:03 Marketing
07:12 Management fee and total
07:42 Murphy’s Law
#towhousedesigns #townhouseprices #melbourne

Пікірлер: 42

@peterkellyofficial 4 ай бұрын

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@peterkellyofficial 2 жыл бұрын

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 Жыл бұрын

Thank you Peter great insightful video 🙏👍👍👍👍

@peterkellyofficial Жыл бұрын

It's my pleasure Ehab :)

@xunrancheng8656 2 жыл бұрын

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

@peterkellyofficial 2 жыл бұрын

It’s my pleasure Xunran 🙏

@TrangLe-ie3mj 2 жыл бұрын

Thanks

@peterkellyofficial 2 жыл бұрын

It’s my pleasure Trang 🙏

@gokhanozturk4901 Жыл бұрын

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

@peterkellyofficial Жыл бұрын

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

@2woodpecker Жыл бұрын

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

@peterkellyofficial Жыл бұрын

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! 😎

@zedrunfordummies4315 2 жыл бұрын

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 2 жыл бұрын

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 2 жыл бұрын

@@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 2 жыл бұрын

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

@williambmarkovi Жыл бұрын

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 Жыл бұрын

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!! 🚀🙏🐟

@devilcomando Жыл бұрын

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

@peterkellyofficial Жыл бұрын

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

@satindersahni5354 2 ай бұрын

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 2 ай бұрын

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

@BLNTV28 2 жыл бұрын

Are those costs with the land

@peterkellyofficial 2 жыл бұрын

Negative 🙏

@mymindisaroom4513 Жыл бұрын

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

@peterkellyofficial Жыл бұрын

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 🙏🤘🙌

@SomeAlex1 11 ай бұрын

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

@peterkellyofficial 11 ай бұрын

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 11 ай бұрын

@@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 11 ай бұрын

Thanks for the quick response though!

@peterkellyofficial 11 ай бұрын

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

@peterkellyofficial 11 ай бұрын

👍@@SomeAlex1

@TrangLe-ie3mj Жыл бұрын

🥺🥺😘😘🙏🙏

@peterkellyofficial Жыл бұрын

Cheers Trang 😎🙏🚀