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heard it through two different people. One a young guy about to buy in the area. Another was in in passing conversation with a real estate agent about a year ago.
I also want to do the same thing here in brisbane, only under the ipswich city council. Not too sure about down south but i know i will need at least 800m block for dual occupancy(duplex) and 900m block for sub division. The costs are about $25,000 for the sub and da. There is also certain amount of yard needed for each unit and car parks. Like Trev said the best thing to do is call the councill and have a chat.
Any body who has any experience in subs or duplexes in ipswich area would be good to hear from.
sounds like you are going to have to sell one of the houses, id say the one you owe the most on, build your house get your debt free block of land and re work your money in to a new inv property when all is done. Might sound feel like you are selling a house you prob got a good deal on but if you can put that money to better use there is no reason not to sell.
The other option could be private investers or some sort of silent partner to fund some or all of the funds needed to build. You have about 120k in equity so im sure some one out there would be interested!?
