Anyone got any experience with this. A few REA have been rattling on about DHS (Vic) buying up large sub-dividable blocks, or whole blocks of units etc in areas. Anyone heard this rattle?
My question would be, does this mean I have to compete with Tom, Dick, Harry and KRUDD to develop? Does this work in a plus that I can flog off presales to the govt?
Just curious.
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeThey have just done this in a big way in Cairns- pushing through development above local council regulations in a hurry to try to combat our double figure unemployment. There is quite a lot of stuff in the media about it.
They just bought a block further up the road from me just over 1000m2 in the city for over $700,000 (Cairns remember)
Boy do I wish my block was bigger! looking forward to the next suburb stats!
DWolfe wrote:Anyone got any experience with this. A few REA have been rattling on about DHS (Vic) buying up large sub-dividable blocks, or whole blocks of units etc in areas. Anyone heard this rattle?My question would be, does this mean I have to compete with Tom, Dick, Harry and KRUDD to develop? Does this work in a plus that I can flog off presales to the govt?
Just curious.
D
DHS buying is over for the moment. Stage 2 buying needs to settle by Dec 2010.
I'm in the process of building 3 units for them in Warragul. They found me the site and got the planning permit for me in 4 weeks. Council had very little they could object to. Having said that, it did comply with Rescode.
Cheers
Oscar
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