Forum Replies Created
TourMaline
You need to check the minimum site size for a duplex as I have a feeling your land is not gong to be big enough. Ring the planning dep at HSC and ask to speak to someone. Be prepared to be put on hold and to have to leave a message. Find out whcih Ward of the council your land is in eg A,B,C. You need a copy of Council's Development Control Plan to see what the rules are about what you can do. You will have to pay for this, as you do with everything in Hornsby Council.
Good luck
That is heartening. I will ensure that my development meets all requirements, meet with the town planners and explain to them that I happend to have friends in the planning department! lol. Perhaps mention Frank Sartor's name? Just kidding. But I do think the key is just to make sure everyhing complies and well. I will expect neighbours to complain, as they have in the past, but as you say if the thing complies then they can't really cause me too much bother other than to wait for the DA to go before Councilors for determination.
Regards
Lucky
Rockian wrote:If this is true Lucky then I would be reporting the council to the State Planning Minister or at least go to your local member and demand for an explanation. That is atrocious. I have recently put 2 successful D.A.'s for dual occ through Byron Shire Council who have been notorious for hold up's. To my amazement the first was approved in 5 weeks and the second in 8 weeks. I do my own Statement of Environmental Effects based on the local DCP and LEP and on top of this I go and have a meeting with the head planner at council to run over the proposed development. It has been really helpful to study the DCP and ensure that all requirements are met. Remember that if you can meet all the requirements then neighbours have no grounds to object.Good Luck Lucky.
Kanchi,
From my experience the hassle of building something is well worth it. Not knowing your area I couldn't tell you how much you would make… the best way to find out is to look at other houses in your area and see how much new ones are going for. Then visit some project builders and get some quotes to build something similar to what is selling on your block.. You will soon be able to tell how much you could make!
Hey all
Thank you for your thoughts… and input. I think I will look in to doing one of the courses recommended, but don't worry, it won't put me off doing something sooner rather than later either!
Lucky
Hi Richard and Scotty
How good is this forum? So… does this mean I should make within the LOC a sub-account for personal matters and a sub-account for investment purposes? Is this the best thing to do? And hey Richard…. you are so good. I will email you about the investment loan that I haven't set up yet pending my trust structure..
This forum rocks!
LuckyHey all
My partner and I have just used Chan & Naylor to set up a hybrid trust for the purpose of IP stuff. We have also set up a line of credit with the intention of using this to fund our first purchase (as a deposit). We will then be looking at securing a construction loan as we have our eye on land that can be sudivided. Richard, I see you have issues with using the LOC for deposits? Do you mind explaining why? I would really like to know before we barrel ahead. We haven't got the construction loan yet. Our line of credit (through the bank that gave us the money for our PPOR) is $460,000. We have no debt.
Cheers again
Lucky
Wow! I am sooo disappointed. I have no investment assets pretty much so got a score of 113 days. Which means I can only last until June! Yet I own a $600,000 house? Until now, my husband and I have not been brave enough to invest. But we are sooo ready now, just waiting on the next interest rate rise to see what it does to the market and then we are in… Looking at buying something in Frankston.
Any advice gratefully received.
Thanks Steve for motivating me even more!
Lucky
Yeah.
I was all ready to jump in and things are still selling pretty quickly around here (Sydney) but I expect a lot of cooling in the market after the next lot of rises… but I am so eager to get on board! Very frustrating!
Lucky
Good on you Michael. Will be there!
Lucky
Great!
Thanks for that Scott. I will do some foraging!
