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  • Profile photo of pinwheelpinwheel
    Member
    @pinwheel
    Join Date: 2009
    Post Count: 7
    August 16, 2010 - 2:53 pm

    Hi there,
    I am a Town Planning Consultant (www.plancheck.com.au) and help many people make money from property development. 

    You can do what Carly does but you need to research and be willing to take the risk (educated of course) and of course have a good head for numbers.  

    I know someone that started just subdividing the back off houses then as they grew more confident the developments got bigger and bigger and is now building commercial/residential towers.

    There is a heap of good websites to help you on your way such as propertybooks.  Of course you need the development software to determine if the project is profitable or feasable like feastudy.  I have links on the resource page on my website.. if you find any more let me know..

    Good idea getting to course off ebay..

    Cheers
    Helen

    Profile photo of pinwheelpinwheel
    Member
    @pinwheel
    Join Date: 2009
    Post Count: 7
    September 7, 2009 - 12:30 pm

    Hi Lockymac,

    PlanCheck is right most councils require only sewerage however, i know through experience that  councils such as City of Fremantle, Town of Bassendean and some parts of Wanneroo District to name a few have other requirements.

    Cheers
    Lena

    Profile photo of pinwheelpinwheel
    Member
    @pinwheel
    Join Date: 2009
    Post Count: 7
    August 27, 2009 - 5:42 am

    Thanks Richard,

    In other words wait till we can afford it through winning lotto, savings or substantial equity :)

    we bought in the boom (wrong timing) so now it is a case of waiting!

    Cheers
    Helen

    Profile photo of pinwheelpinwheel
    Member
    @pinwheel
    Join Date: 2009
    Post Count: 7
    August 12, 2009 - 6:44 am

    The site has an old house on it.. and I have yet to subdivide the property… into three (the existing house will have to go)…we are planning on putting a subdivision application through the system (but was told this only just makes it more attractive rather than more valuable)…

    It was bought in my husband and my name..

    We run a business and our mortgages are causing our business to bleed  (husband takes alot of money out of it to feed the mortgages) and we therefore do not have any money to reinvest in our business which has the potential to make up for the hole…

Viewing 4 posts - 1 through 4 (of 4 total)