Well Duh!! Surrounded by Mother Nature, of course he’s wrong!!

Love it!!

Hey Soum,

There are certainly reasons for and against. On the for side you have issues such as land is very difficult to gain an income from by itself so the mortgage you are paying (if you are) is not offset. There are options for income but are dependant on what and where the land is. Also on the for side is the increasing costs of constuction which is not showing any signs of slowing down. Bear in mind that house construction now tends to take longer than it did say 5 years ago due to labour and sometimes material shortages. Can take up to 12 months to build.

On the neg side, if you build you are obviously up for the construction costs, which are staggered over the building period. You may have to wear these additional costs for 12 months before you can rent or offload the property.

The questions you need to ask will include: what are you going to use the house for? POPR or IP? Can you currently afford the construction costs? Can you currently afford the land without revenue? What is the land worth now undeveloped or developed?

Just a few thoughts!

Got it Jet Dollars, 9 to the power of 9! The second one egg is correct although emcdonald beat you to it! Will think of more overnight!!!

Hi Mintpattie,

From my understanding, the Nickel project seriously commenced about 2 -3 months ago and has a construction period of around 12 months. That was based on the tender docs but knowing construction, they will want to finish in 6 months but end up taking 18!! Am sure there will also be ongoing works so could stretch on for quite some time.

As for Esperence, beautiful part of WA if not very remote. Know quite a few people down that way and love it. Perth is remote enough for me!!

cheers

Jan

On the right track now e but keep trying.

I am guessing the next one to be because both the lawyer and doctor were female??

Like the way you think but not the answer I had in mind. The answer is a real number and not infinty.

Yes, I did get the words around the wrong way if only to tie in with the theme of this thread!

Simon, I think the fish that you smell are well and truly off!!

Think we’ve got a live one here!!

Colbert1982, hope this hasn’t deterred you from asking questions. Generally speaking, the answers you get are pretty simple to understand and advertising is frowned upon…..if thats what that actually was.

Seem to recall a recent post where a similar thing was raised. Something along the lines that even though the owner may have paid for the plans to be drawn up, the architect still owns to the IP (although the post was more along the lines of the project home builders). I did suggest at the time that this was stupid as that is what you pay for essentially but was told that that was copyright law.

If this is the case, I would look into it further before handing over cash to the property owner as it may be something they cannot sell you!

Westan,

Yep, I think the value is $12,000 before requiring council permission which you should be well below. Other circumstance usually is structural modifications which I am guessing would not apply in this instance!

Go for it!