What do you mean your trust is not worth the paper it is printed on? That is curious statement.

AS for your landtax bill, that is correct, you will be paying land tax on the property. YOu can’t have your cake and eat it too.

Byronent
Adelaide SA

who the hell puts an option in a residential lease.

Byronent
Adelaide SA

I just finished two lots of four.

My surveyor, John Bested Surveying in Adelaide cost me $1777 per site for his time and fees.

The rest was council and I have to say it was under $10,000. So each site cost me about $!2000 done and completed.

Open space is the killer at cloes to $3000 per additional site. For a four site you need to pay 3 times as you already have one title turning it into four.

I didn’t have to change anything in the units and townhouses I did.

Byronent
Adelaide SA

What are you trying to achieve exactly?

Byronent
Adelaide SA

Wow, I must read???

I am kind of annoyed I went through all that.

Are you bored or something?

Isn’t it a crime to work for that kind of money in this country?

Don’t bother answering that, as I wont’ be returning to these posts.

Byronent
Adelaide SA

http://www.reiv.com.au/news/details.asp?NewsID=228

Google is an amazing thing.

Byronent
Adelaide SA

So who manages their properties is my question?

If you have bought already can I ask what the suburb you are talking about.

Byronent
Adelaide SA

Speak to your accountant.

I rent rooms out to the business.

The wife and kids have to live somewhere so I have been advised to rent out a few rooms etc and it all is above board.

Byronent
Adelaide SA

I do this and I recommend the following.

Whoever you use, contractor/arch get what they are suggesting it and take it to your local estate agents. They will tell you what they think they can get for what you are proposing to build. Don’t speak to one.

You will soon learn if your project is viable.

Another good point in my opinion is finding out what the land alone would be worth.

For example, I have a block of land which we were going to develop, after more research what we did was get a house approved on that land and sold it as a house and land package. We didn’t have too build and the builder has a contract with the purchasers. WE got our profit on the sale of the land, reduced our risk and speculation on actually having to build and sell.

Just an alternative for you too think about.

Goodluck.

Byronent
Adelaide SA

Have you factored in legals and stamp duty.

You don’t have much of a deposit.

NOt to say it can’t be done, but it sure will be tricky.

Byronent
Adelaide SA