Tag Archives: Real Estate Investment

Building Bond Scheme

Industry Reforms the Building Bond Scheme

Further industry reforms have taken effect 1 January 2018 (Building Bond Scheme) where Developers of residential Strata schemes will be required to execute Mandatory Defect Inspection Reports along with lodging a Building Bond equal to 2% of the final contracted construction cost of the building.

building bond scheme

The building bond scheme applies to building work to construct residential or partially-residential strata properties that are four or more storeys. Buildings that are three storeys or under are covered under the Home Building Compensation Fund.

We thought it would be worthwhile to remind yourselves of these changes which I’m sure your already up to speed with these reforms, if not you can find more information on Fair Trading NSW website below and or speak with your property lawyer.

FairTrading.nsw.gov.au

James Okkerse

“Prudential Finance does not provide financial product advice and does not hold an Australian Financial Services Licence. Prudential Finance recommends that investors consider their own objectives, financial situation and needs before proceeding with any investment and seek professional advice. All information contained within this Website is specifically structured for corporate, business, commercial, construction clients, wholesale and professional investors.”

 

Joint Venture Partner with Prudential Finance

If you are looking for a Property Development Joint Venture Partner, Prudential Finance will arrange the development finance senior debt and participate in the project by providing equity.

The Directors of Prudential Finance have long term property development experience, ability to procure senior debt and contribute equity.

Call Prudential Finance today to discuss your property development and real estate joint venture needs 1300 550 669.

the property developer's financier

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Phone 1300 550 669
International +61 4 0084 0756

PO BOX 1450 Double Bay NSW 1360

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Level 25 Aurora Place, 88 Phillip Street
Sydney NSW 2000 Australia

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