Hi Richard
Thanks so much for that info. We didn’t think we would have a problem as we are dividing into six – selling two and building on three (to become rentals) and the sixth will be our PPR (Really Big Time Developers, ha ha). Just wanted to make sure, though! We have spoken to so many different people and are about to “take the plunge’,…[Read more]

Thanks Scott! I thought that may be the case – but had to ask anyway!
Lesleigh

Thanks Anita, that’s interesting to know. We are thinking of going through Credit Union Australia (CUA) so we’ll ask them if they offer this as well.
Lesleigh

Hi Anita
Thanks for your reply. We are going to see an accountant in the next few weeks but have fairly well decided to sell the existing house to save on capital gains. That will pay off the new house and still get enough equity to start building on the subdivisions. I will also pose the question to others about what is tax deductible on…[Read more]

Hi Sue
It certainly is an interesting Journey! So much to consider and so much to learn! I guess we all have to start somewhere (with a headache) but it will all be worth it in the end.
Thanks for your help and suggestions. It really is appreciated.
Lesleigh

Hi Terryw and Fountain
We thought that this would be the case. Thanks for your help.
Lesleigh

Hi Fatman
Thanks for your input. I find all of these variations very interesting and worth some research. When I have some time I’m going to look up the article mentioned by Mark, which also sounds like an interesting read.
Thanks again!
Lesleigh

Hi Marsden and Mark
I apologize for the slight sarcasm in my reply to you, Marsden. I’m not here to debate anything, anyway and you obviously misunderstood the question. Would you agree that the material for the building would be about a third of the total price as suggested by Mark?
We have looked into a couple of prices and are in the process…[Read more]

Hi Marsden
I have spoken with council on this issue. The “shed” is actually a “class 1” so is not actually referred to as a “liveable shed” but a “house” or dwelling. Our cows are sufficiently housed in their own “shed”! I have actually seen one of these erected on another block near us and they look quite “homely”. I think that with today’s…[Read more]

Hi Kum Yin
Thanks for your reply. Yes, we are definately going to get an established builder. Our area is going ahead quite fast and we don’t think we will have any trouble selling, if and when we go down this path. We intend on building cheaper, lower maintenance houses, therefore will be able to offer cheaper rent. People are literally…[Read more]

Hi Mark
We like them because they are both cheap and appealing. The one we are looking at is a “barn style” and we think it will look perfect on our hill, overlooking the valley. Also, you can choose where and how many internal walls you put in. We have 4 kids and are planning one more so this is perfect for the amount of bedrooms we need. I…[Read more]

Hi Sue
Thanks for your reply, muchly appreciated.
Yes, we are responsible for roadworks. In this situation we only need driveways as all the blocks will front our existing roads, which, at long last, is bitumen. We also have to provide a 20m roadway to the back property, in case of future development. If we use the subdived blocks as…[Read more]

Hi g7
Thanks for your response. We also ask ourselves these questions and this is why we are tossing up which way to go. We are zoned rural/residential.