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Just got off the phone with my brother wo is/was a builder on the Mornington Peninsula, mostly Sorrento/Portsea stuff.
His last three houses have been older weatherboard knockdowns that he dozes flat and builds new more expensive ones.
His latest property he bought about 4 years ago and had rented.
He has decided that he will not go ahead with it, just sell the property and retire.
He has to pay about 8,000 a year to keep his builders license.
Insurance premiums are about the same.
He was charged 12,000 land tax last year courtesy of the Victorian government.
The Council has said the cost of getting a development/building permit will be a tad over $11,000.
The cost of steel roofing has gone through the roof, timber has come back a bit but is still astronomical.
He has used LVL beams extensively in the past, but at least 25% of the LVL products came from Russia and from Ukraine.
The war between those two countries put the kybosh on that and the prices soared.
Fortunately for him, he is in a position to retire, but three of his sons in law are still in the trades and finding that their costs are spiraling out of control, and are only doing very high end stuff for people where money is no object.
Mick

<blockquote data-quote="mullokintyre" data-source="post: 1297680" data-attributes="member: 82018">Just got off the phone with my&nbsp; brother wo&nbsp; is/was&nbsp; a builder on the Mornington Peninsula, mostly Sorrento/Portsea stuff.His last three houses have been older weatherboard knockdowns that he dozes flat and builds new more expensive ones.His latest property he bought about 4 years ago and had rented.He has decided that he will not go ahead with it, just sell the property and retire.He has to pay&nbsp; about 8,000 a year to keep his builders license.Insurance premiums are about the same.He was charged 12,000 land tax last year courtesy of the Victorian government. The Council has said the cost of getting a development/building permit will be a tad over $11,000.The cost of steel roofing has gone through the roof, timber has come back a bit but is still astronomical.He has used LVL beams extensively in the past, but&nbsp; at least 25% of the LVL products came from Russia and from Ukraine.The war between those two countries put the kybosh on that and the prices soared.Fortunately for him, he is in a position to retire, but&nbsp; three of his sons in law are still in the trades and finding that their costs are spiraling out of control, and are only doing very high end stuff for people where money is no object.Mick</blockquote>

[QUOTE="mullokintyre, post: 1297680, member: 82018"] Just got off the phone with my brother wo is/was a builder on the Mornington Peninsula, mostly Sorrento/Portsea stuff. His last three houses have been older weatherboard knockdowns that he dozes flat and builds new more expensive ones. His latest property he bought about 4 years ago and had rented. He has decided that he will not go ahead with it, just sell the property and retire. He has to pay about 8,000 a year to keep his builders license. Insurance premiums are about the same. He was charged 12,000 land tax last year courtesy of the Victorian government. The Council has said the cost of getting a development/building permit will be a tad over $11,000. The cost of steel roofing has gone through the roof, timber has come back a bit but is still astronomical. He has used LVL beams extensively in the past, but at least 25% of the LVL products came from Russia and from Ukraine. The war between those two countries put the kybosh on that and the prices soared. Fortunately for him, he is in a position to retire, but three of his sons in law are still in the trades and finding that their costs are spiraling out of control, and are only doing very high end stuff for people where money is no object. Mick [/QUOTE]

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