MDAco provides end-to-end services to assist property developers in maximising returns while reducing costs.
Traditional property development has become difficult with financing ratios, valuations and pre-sales requirements all causing issues. This has created an environment where developers need to investigate alternative options to achieve satisfactory returns.
When property values are rapidly increasing, money is cheap and banks are lending, nearly anyone can make money developing.
The reality is that these markets don’t last long, and alternative paths forward must be investigated so as to provide fall-back positions. In many cases, the pathway driven by MDAco will provide better returns with less exposure.
The Directors of MDAco have significant experience in medium density developments and working with developers to provide returns in rising, flat or falling markets.
From feasibility to design, town planning to settlement the MDAco process is a safe way to develop, requires less financial input and provides faster returns than traditional 10/90 developments.
MDAco will provide an initial feasibility assessment on your project. If this report suits your requirements, a basic service agreement is signed and MDAco proceeds with managing the development.
Generally, projects are taken over after Town Planning permits are issued and at this point the developer is unsure of whether or not to proceed with the traditional 10/90 development.
Continued funding of some parts of the project is required to cover civil works, management fees and sale commissions but these circumstances also take place in traditional developments.
In some instances, MDAco may be able to provide third party funding assistance subject to approval.
How much does it cost?
MDAco charges a small fee to commence works based on the size of the project. Further fees relate to successfully selling the blocks and related construction contracts. The MDAco fees are included in all feasibility reports.
What returns can I expect?
This will vary, but the key consideration is return, risk and timeframe in comparison to the traditional development process. In most instances, the MDAco model will be worthy of consideration.
Why can’t I do it myself?
The fact is you can, but do you have the knowledge, valuers, financiers, builders, legal team and feasibility modellers in place? There are 18 key steps and complex factors relating to the MDAco model and they all need to be done absolutely correctly to ensure a successful outcome.
How long will the process take?
Most projects can be taken over and the developer have their money out in around 8-10 months. Clearly there are variations between projects but, on average, this is an achievable timeframe.
Are my returns guaranteed?
Like all projects there are risks, however all modelling by MDAco is conservative and generally the only risk is in the initial documentation stage.
17 townhouses
16 townhouses
Cranbourne West- 33 townhouses
Torquay - 60 townhouses
Cranbourne - 19 townhouses
Geelong - 33 townhouses
Ringwood - 4 townhouses
Cranbourne - 167 townhouses
Seaford - 37 townhouses
Mernda - 38 townhouses
South Mernda - 41 townhouses
Highton - 40 townhouses
Frankston - 27 townhouses
Paul Byrnes – Acquisition, Feasibility and Valuations
Paul’s financial acumen relating to medium density projects is unsurpassed. Having been involved with thousands of dwellings in all areas of Victoria his knowledge and conservative approach provide developers with a solid base from which they can moved forward.
Adam Kenyon – Acquisition, Management and Construction
Adam has been involved in the building industry for 25 years. His broad experience covers everything from greenfield volume to high-end custom construction. His role is to ensure that all projects are successfully tendered out and all documentation is completely accurate.
239 Bay St. Brighton. Victoria. 3186.
Paul Byrnes - 0484 915 945
Adam Kenyon - 0412 340 000
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