Forum Replies Created
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 any other safety issues you will need to include in your development application will neighbour notification be done at the advertising of the application.
If so you may require to discuss your proposal with them in order to protect against any resident objections which may then delay the approval process.
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
