With careful thought I have decided to go a dupex site to begin with, and build 2 townhouses or units.I do not believe that Perth is going to go right down pricewise. I just dont think thats realistic. I think it will levelout and I am basing my selling price on just below market value. Thanks:)

Ok,.so who do I speak to about all this? I do not want to deal with the banks direct but I really want the best chance to get a loanour last broker realy did not try very hard.

Hi Richardwhat type of income should we have to have serviceabililty? We only want a 1-2 year term and ill explainour proposal to the bank or broker. We are able to use one of my parents properties as equity as they want to helpus out. The tax declared is after all costs have been removed. We have HUGE costs in our business such as freight and…[Read more]

Are the bank bills generally easier to get than a loan, or about the same? Thanks for your help by the way, you are showing me options I would not have ever thought of:)

I thought that sub division costs would be;  council application, fencing if required,sewage, and electricity. I do understand a road may be required but I did not think it would cost 100K. Gee I might get a bitumen truck myself lol.  I have been looking into it, and its really strata lots I am looking at.I am in WA.

So selling the property with DA will be profitable in itself do you think? When you say go it alonedo you mean go ahead and get the dwellings built, or do you mean split them up and sell the blocks? (Sorry I really am newish). Can you get subdivision approval for lets say 8 blocks if zoned R40?Or do they usually only approve building developments? Thanks:)

OkayIt is across from a new estate ad park so it would be worth more as smaller land parcels.I agree why wouldn't the owner subdivide himself? I will make a few enquiries, I am not thinking2 lots I am thinking 8!There is another property I wasinterested in  R40 also and a 5 unit site. From memoryonly aroun 1500m sq. Again, I asked why do I have…[Read more]