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Planning and Development
Have a project in mind? Claim your free 30 minute Consultation now.
At Flagstone Property Group we are obsessed with real estate, planning and
subdivisions, with a team comprising of Real Estate Agents, Builders and Planners
we have all the bases covered.
Our real estate development process guarantees your project gets done faster and cheaper than if you did it yourself.
Flagstone Property Group has you prepared for every step and cost.
This Is How It works
1) Discovery: You sign up for a free consultation to gather your project requirements and development goals.
2) Plan: Our team will detail the proposed development strategy. Working together with you to ensure all your goals are met.
3) Onboarding: Our project team will onboard your project into the project system with 5 business days.
4) Execution- The process of engagement, tender execution and project management begins.
We offer to partner with our close network of Industry experts, utilising our relationships we pass on our wholesale rates and preferential services from all of our suppliers to our clients.
We are proud to provide 100% transparency during your project, no mark ups or add-ons whatsoever.
Furthermore we offer full flexibility to our clients, at no point are you ever locked into the agreement, you can pause or cancel at any time, the best part, you own all your drawings and documentation so you can take it with you for any or no reason at all.
In order to maximise profitability, our expert team has broken down the development process to 5 key stages.
Each stage provides a level of surety to our clients to reduce risks and maximise returns.
1. Site selection/acquisition: Site potential, development precedents, feasibility and outcome examples.
2. Property Settlement and pre planning: Settlement to pre lodgement with Council, pre purchase checks, pre sales and sales contracts.
Assumptions are not good enough. Successful projects dot the I’s and cross the T’s.
3. Town Planning and Tenders: Our skilled team organises the planning requirements, engages with Council, schedules the tender process and compiles the Bill of Quantities for the required contractors.
4. Project management: Our team manages the quantities (BQ) for the project, from Land Surveyors, Electricians, Energex, plumbing, earthworks, Arborists, Mortgage Brokers, Accountants, Solicitors, Engineers, Hydrologists to name a few.
5. Final Settlement and handover process: Whether you are moving in or selling we offer a service to manage all situations, so you can get back to doing what you enjoy most.
Frequently Asked Questions
Please reach us at admin@flagstonepropertygroup.com.au if you cannot find an answer to your question.
Splitter blocks (a parcel of land with multiple defined lots on one title)- the term can be a short as 4 months including sale and settlement. A good rule of thumb is to circle 6 months from acquisition to completion.
Material Change of Use (MCU)- Varies depending on the nature of the change. i.e. Splitting a single parcel of land into multiple blocks may take as short as 6 months (Special development area) but it is not uncommon for the process to take up to 24 months. Usually, the more lots of land the longer it takes.
A simple splitter block can costs as little as $20,000, large subdivisions can cost up to 30% of the sales value of the project. Major expenses examples are: trunk infrastructure fees, Energex fees, road construction, plumbing and drainage, engineering, earthworks and holding fees.
Splitter blocks – are in the low risk category and have many merits.
Removing the vulnerability of Council decisions, low execution costs, reduced holding costs and timely outcomes often see these projects provide an excellent return on investment.
Reconfiguration of a Lot (ROL) - Low risk if the project is accessed correctly through numerous qualifiers; such as feasibility checks to uncover issues surrounding sewer, power, site specific restrictions, town planning, suburb division precedents, easements, public infrastructure upgrade charges and environmental challenges.
Remember the exit strategy is as important as the entry, exercising a pre sale listing under and expression of Interest provides an excellent barometer on the outcome.
Builders and Town planners provide only one part of what is required to complete a project, they are experts at charging, particularly when it comes to variations or undertaking works outside their normal scope.
When we put a project out to tender, we ensure that contractors are pricing down the line and we have an acute understanding of their ability to deliver on time.
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