Alex Steffan

Small Change,
Big Impact

Recent Changes to Multiple Dwellings Car Parking (Brisbane City Council Town Plan). These changes have since had a significant impact on the ability to design and gain approval for multiple dwellings. In late November 2019, Brisbane City Council (BCC) introduced new car parking ratios that increased the number of car parks required for a multiple dwelling development (e.g. townhouses or apartments).....
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Right Angle Group

Q 01:

In your experience, what are the main reasons for not being able to source development funding, and how can this process be better managed?

A 01:

The biggest issue over the last 10 years has been insufficient equity from the Developer to put toward the development. For SME Developers, the general rule of thumb in the current market is that they should be able to fund the acquisition and consultants preliminaries for the Development Approval before they commence a Development Funding process.Website

Selecting a Good Builder

Why is selecting good builders who are on time, on budget and meet quality standards no longer enough? Selecting a good builder is a common request of many developers, however the real issue should be selecting the RIGHT builder.  Read More ( 10 min read )
Right Angle Group

Q 02:

With the recent tightening of debt from the majors, is syndicated equity becoming more important in funding development projects?

A 02:

Absolutely. As great as it sounds it is not as easy as you are talking about– and not just the challenges of pooling financial resources, but also, the challenges of operational resources and trying to figure out roles and responsibilities. And this is about establishing 'right fits' which takes time to establish comfort and trust. I think syndicated debt is going to be a developing space in the market moving forward – more so in the $15M to $50M space for SME Residential Development Borrowers.