You asked about whether or not there’d be a $30k price difference, and as the other reply come back, it would all depend. Sounds like you need to have a chat with a registered valuer in the area, they’d be best qualified to answer your question.
Cheers!
Albie

We live there too – in sunny Nelson.I have a place for sale if anyone is interested, look for the post. Still cashflow opportunity in it too. Housese are getting harder to buy with c/f, but then the conditions we buy under are different to yours – interest rates etc, therefore the point of balance in becoming cashflow is at a different place.…[Read more]

Cross lease was a very common form of subdividing your backyard which was used about 20 years ago. As I understand it (and don’t quote me) it was much cheaper to do than a full subdivide, yet basically does the same job inthat a property with one title, could be split into two (or more) titles. In theory the owners of the new titles are actually…[Read more]