The biggest difference is that DMA is carried out by a Project Management company who does not have a strong balance sheet.
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.
Tighter lending by the major banks and a drop in demand from buyers is seeing broadacre prices easing in Melbourne’s growth areas in 2018 and this will challenge many land owners who are planning on selling their land at pre 2018 prices.