The team in conjunction with Bitu-mill is very proud to see construction progressing strongly at Accolade. Stage 1 – Civil phase is 55% complete, Stage 2 – Civil phase is over 40% complete, while Stage 3 Civils are 35% complete. Titles for Stages 1 to 3 should be delivered in Q2 2019.
A Land Development Agreement in essence allows the Landowner to put the land in the deal, have the security of staying on title and share in the development upside in a tax effective manner whilst the developer takes the risk in developing their land.
A Land Development Agreement, or what we refer to as an LDA, is a type of joint venture agreement designed to make you a LOT more money than you would earn by just selling your land.
Here is a short checklist to consider.
Before you enter a Land Development Agreement, or if you have an offer to consider, you must ask these questions before proceeding.
1 - Will I receive payments prior to the land being developed?
2 - What is my risk?
3 - Is my downside covered?
4 - What are my tax liabilities?
5 - What is my land really worth?
Resi Ventures offers a no obligation assessment of your land value to assist in answering these questions.
Call 1300 031 260 for more information and to book an appointment.