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  • Profile photo of MasihMasih
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    @masih
    Join Date: 2007
    Post Count: 42
    November 8, 2007 - 12:20 pm

    I believe if it's part of the structure of the house such as load bearing walls then you will need council permission. If they are purely to seprate the rooms or for looks then you should be OK.

    You can have a look at the Parrmatta DCP to give you an idea. But it your local council DCP could be different.
    http://www.parracity.nsw.gov.au/__data/assets/pdf_file/0009/2223/DCP_2005.pdf

    Profile photo of MasihMasih
    Participant
    @masih
    Join Date: 2007
    Post Count: 42
    November 8, 2007 - 11:59 am

    Yes I've bought OFT and I sell them too. Buying OFT and selling before settlement is a very risky business and I strongly advice you against it. You shouldnt just assume the property prices will go up by the time it's completed. It could be the opposite. I would only suggest you do something like that if you're an experienced investor and if you're cashed up. Just incase no one buys it, you can settle the property even if the value has gone down.

    Buy & Hold is the way to go in my opinion.

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