Steve

a good topic would be maximizing returns in a down market and investing in other states

inxs

Your first step should be to go to local council and discuss your proposal as in some councils you can only carryout that use in specified zonings.

There could also be a development control plan or code that outlines the conditions and criteria for this type of development

Discuss the with the relevent council the fire requirements required and…[Read more]

you have under quoted your outgoings there is a need to incude maintenance, vacancy ie is it fully occupied all year is its fire safety up to date . also is there room to improve income and what is the profile of the tenants is it also owner managed or is it been done by an agent. all this must be taken into consideration
inxs