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December 9, 2023
What Can You Expect?
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INDUSTRY EXPERT
Our Industry Experts present on topics relevant to you and address the challenges that you will face on your property development journey
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REAL DEAL
These are members of the community presenting their own deals, showcasing the good / bad and the sometimes 'ugly'
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MASTERMINDING
Our very unique Masterminding process where we help you to overcome your current challenges so that you can achieve a successful return
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+ NETWORKING
Don't forget the after meeting drinks...where many a JV partnership is found and at times this part can go for as long as the formal meeting, so be sure to get a 'leave pass' to join us!
Saturday - December 9
Xmas Party! Off The Plan Sales Contracts (HWL Ebsworth) & 7 Townhouses (Kathryn O'Connor)
Bringing together the collective knowledge & experience of your local community to assist you in progressing on your Property Development journey.
In-Person: 1:30 pm (Adelaide) to 'Mingle With The Expert'
Virtual: 2pm (Adelaide time)
*** Let's Celebrate ***
Stay on after the Meetup to celebrate Christmas - PDN style!
AND... you know what that means?
It’s Rob’s shout!
To kick off the festive season join us for a VERY HAPPY HOUR! with Rob shouting the drinks & nibbles!
Plus... to add to the fun & frivolity...
SECRET SANTA!
The PDN community is like one big family – SO – we ask that everyone who attends our Christmas Party Meetup bring along a Secret Santa present (up to the value of $20) to put under the PDN Christmas Tree.
We'll have drinks & nibbles while we play SECRET SANTA! and yes, stealing a previously opened gift is allowed 😜
EVERYONE WELCOME but space will be LIMITED, so please RSVP TODAY so you don't miss out!
We can't wait to share a drink (or three) with you then!
In-Person: 1:30 pm (Adelaide) to 'Mingle With The Expert'
Virtual: 2pm (Adelaide time)
*** Let's Celebrate ***
Stay on after the Meetup to celebrate Christmas - PDN style!
AND... you know what that means?
It’s Rob’s shout!
To kick off the festive season join us for a VERY HAPPY HOUR! with Rob shouting the drinks & nibbles!
Plus... to add to the fun & frivolity...
SECRET SANTA!
The PDN community is like one big family – SO – we ask that everyone who attends our Christmas Party Meetup bring along a Secret Santa present (up to the value of $20) to put under the PDN Christmas Tree.
We'll have drinks & nibbles while we play SECRET SANTA! and yes, stealing a previously opened gift is allowed 😜
EVERYONE WELCOME but space will be LIMITED, so please RSVP TODAY so you don't miss out!
We can't wait to share a drink (or three) with you then!
HWL Ebsworth Lawyers - Damien Foulis & Alex Hamilton
HWL Ebsworth Lawyers is a national commercial law firm with expertise in all areas of property development (including joint ventures and development agreements), acquisitions and disposals, conveyancing, property management and leasing, as well as planning requirements. HWL Ebsworth’s Property team supports its clients and helps them to achieve their objectives through commercial advice, personalised relationships and developing a practical working knowledge of the client’s particular needs and objectives.
Damien Foulis (Partner) provides commercial, innovative and timely legal advice to clients across the commercial, retail, industrial and residential property sectors. He is experienced in acting and advising on due diligence, land division, community title development, property-secured finance, construction contracts and a range of general contractual, business and property matters, across all different types of residential and commercial developments, including complex high rise community (strata) titles apartments, master planned land lot projects and townhouse developments.
Alex Hamilton works closely with Damien in delivering desired outcomes to our developer clients. Alex's experience includes supporting the team in providing efficient and straightforward advice to clients on a range of property related matters, including acquisitions and sales of land and businesses, retail and commercial leases, residential, commercial and retail developments and due diligence. Alex has a strong interest in residential developments and has assisted in reviewing many sale contracts regarding the Unfair Contract Terms Regime.
Damien Foulis (Partner) provides commercial, innovative and timely legal advice to clients across the commercial, retail, industrial and residential property sectors. He is experienced in acting and advising on due diligence, land division, community title development, property-secured finance, construction contracts and a range of general contractual, business and property matters, across all different types of residential and commercial developments, including complex high rise community (strata) titles apartments, master planned land lot projects and townhouse developments.
Alex Hamilton works closely with Damien in delivering desired outcomes to our developer clients. Alex's experience includes supporting the team in providing efficient and straightforward advice to clients on a range of property related matters, including acquisitions and sales of land and businesses, retail and commercial leases, residential, commercial and retail developments and due diligence. Alex has a strong interest in residential developments and has assisted in reviewing many sale contracts regarding the Unfair Contract Terms Regime.
Industry Expert
Off The Plan Sales Contracts
Did you know that selling off the plan is COMPLETELY different to selling a finished product?
Many developers will be faced with selling off the plan at some point in their property development journey in order to satisfy financing requirements.
SO… What contract clauses are needed to protect yourself; and what additional information and clauses does the purchaser require?
A poorly drafted Sale Contract can have numerous unintended consequences, including the potential for purchasers to terminate contracts, and pursue the developer for damages. PLUS there are potentially very steep penalties for having “unfair” terms in your contract!
This week we have Damien Foulis and Alex Hamilton from HWL Ebsworth Lawyers to talk us through the main elements you need to be aware of:
- Risks when selling off the plan
- What’s in a properly prepared Sale of Land Contract
- Example clauses to consider
- The Unfair Contract Terms Regime
- Types of clauses likely to be considered an 'unfair' term
- Why template contracts are usually not fit for purpose
Join us at this Meetup to learn how you can reduce your risks when selling off the plan!
Did you know that selling off the plan is COMPLETELY different to selling a finished product?
Many developers will be faced with selling off the plan at some point in their property development journey in order to satisfy financing requirements.
SO… What contract clauses are needed to protect yourself; and what additional information and clauses does the purchaser require?
A poorly drafted Sale Contract can have numerous unintended consequences, including the potential for purchasers to terminate contracts, and pursue the developer for damages. PLUS there are potentially very steep penalties for having “unfair” terms in your contract!
This week we have Damien Foulis and Alex Hamilton from HWL Ebsworth Lawyers to talk us through the main elements you need to be aware of:
- Risks when selling off the plan
- What’s in a properly prepared Sale of Land Contract
- Example clauses to consider
- The Unfair Contract Terms Regime
- Types of clauses likely to be considered an 'unfair' term
- Why template contracts are usually not fit for purpose
Join us at this Meetup to learn how you can reduce your risks when selling off the plan!
Kathryn O'Connor
Kathryn started on her property journey in 2006 after a major life change led to a quest for financial independence. She now sees her difficult start as her greatest advantage, as she was highly motivated to take action and to persevere, and at every step needed to look for solutions outside of the square. She bought her first properties in 2007 and 2008 - regional properties with add value opportunities, and soon moved into subdivision and development and related strategies, working with joint venture partners and independently. She quit her day job 10 years ago and is grateful to have been able to hugely surpass her original financial goals from when she set out on this journey. Her specialty is medium density infill development on tricky sites.
'Real Deal' Presentation
7 Townhouses
680m2, Suburban Activity Node (under the Development Act), Bedford Park, Mitcham, South Australia
Have you ever wondered about working with a JV Partner?
Kathryn’s JV Partner sourced this site off market after she proposed the specific search location and parameters. Go Team!
BUT… they soon had to buckle-up and face some mighty challenges:
- Vendor threatened to pull out of sale a few days before settlement.
- Council pushed back at every point through the initial discussions & planning application - this was the first proposal of its type in what was a new zoning for the area.
- Covid uncertainties led to the decision to delay demolition & construction commencement in March 2020 in case they got shut down with no income, but the tenant had already left!
- High voltage powerlines on both frontages - had been considered at planning stage, but an unauthorised change in the designs at working drawing stage led the building to be too close & the site got shut down!
- Council refused the driveway crossover application halfway through construction with the garage already in place.
- Hot water services were installed in a non-compliant location - issue only identified on settlement when the gas company refused to connect.
- Bushfire compliances were overlooked (they were exempt at planning stage, but there were significant requirements as part of building compliance that weren't properly identified) - again this was only identified around settlement! Gadzooks!
Join us at this Meetup to find out how Kathryn resolved a number of potential issues in their favour with some informed pushing back on Council, what effect the 3 big compliance issues had on their project, and how the JV partnership fared through the ordeals!
680m2, Suburban Activity Node (under the Development Act), Bedford Park, Mitcham, South Australia
Have you ever wondered about working with a JV Partner?
Kathryn’s JV Partner sourced this site off market after she proposed the specific search location and parameters. Go Team!
BUT… they soon had to buckle-up and face some mighty challenges:
- Vendor threatened to pull out of sale a few days before settlement.
- Council pushed back at every point through the initial discussions & planning application - this was the first proposal of its type in what was a new zoning for the area.
- Covid uncertainties led to the decision to delay demolition & construction commencement in March 2020 in case they got shut down with no income, but the tenant had already left!
- High voltage powerlines on both frontages - had been considered at planning stage, but an unauthorised change in the designs at working drawing stage led the building to be too close & the site got shut down!
- Council refused the driveway crossover application halfway through construction with the garage already in place.
- Hot water services were installed in a non-compliant location - issue only identified on settlement when the gas company refused to connect.
- Bushfire compliances were overlooked (they were exempt at planning stage, but there were significant requirements as part of building compliance that weren't properly identified) - again this was only identified around settlement! Gadzooks!
Join us at this Meetup to find out how Kathryn resolved a number of potential issues in their favour with some informed pushing back on Council, what effect the 3 big compliance issues had on their project, and how the JV partnership fared through the ordeals!
Pricing & Ticket Options
Pricing & Ticket Options
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
'Existing Annual Member' (Included for you, simply RSVP below)
'Casual Attendee' ($25 for 1 meeting only)
'Annual Member' ($250/year)
OR.....If it's your FIRST TIME
You can trial our PDN Annual Membership for JUST $1!
December 9, 2023
**Space Is Limited - RSVP NOW**
Partners & Affiliates
Partners & Affiliates
