#Planning Permit replied to the topic Subdivision- does lot size matter? in the forum Value Adding 9 years ago
Thanks Buyers Agent. Yes these planning schemes can cause challenges. Fortunately Melbourne has not gone as far as NSW did with OSD- my first dual occ 15 years ago went through that. I resolved through a WSUD design-instead of an extensive concrete tank under the driveway- something in vogue now.
#Planning Permit started the topic Subdivision- does lot size matter? in the forum Value Adding 9 years ago
There are a myriad of criteria to consider before one can say I have a so many square meters block and I should be able to fit in 3 or 4 units on it. Some criteria to carefully study are not only the residential zones in Victoria but the Schedules attached to those Zones.Lot size, width of site- which comes in useful for turning circles-…[Read more]
#Planning Permit started the topic Does Size alone determine the success and yield of a property subdivision. in the forum Heads Up! 9 years ago
Here is a great read on what to look for in 4 unit developments. There is more to property developing and town planning than you would expect.Some information may be surprising but that is what VCAT and Council’s planning officers will look for before making a decision on your planning application for multi unit subdivision. Its real hands on…[Read more]
#Planning Permit started the topic Size alone not determine the success and yield of a property subdivision. in the forum Heads Up! 9 years ago
Here is a great read on what to look for in 4 unit developments. There is more to property developing and town planning than you would expect.Some information may be surprising but that is what VCAT and Council’s planning officers will look for before making a decision on your planning application for multi unit subdivision. Its real hands on…[Read more]
#Planning Permit started the topic Answers in the forum Value Adding 9 years ago
We need honest dual occupancy and property subdivision answers from those who know and have done it over and over again.
#Planning Permit started the topic Answers in the forum Value Adding 9 years ago
We need honest dual occupancy and property subdivision answers from those who know and have done it over and over again.
auarchitecture.com.au
#Planning Permit started the topic True bloo..Blue in the forum Value Adding 9 years ago
We need honest dual occupancy and property subdivision answers from those who know and have done it over and over again.
auarchitecture.com.au
#Planning Permit started the topic True bloo..Blue in the forum Value Adding 9 years ago
We need honest dual occupancy and property subdivision answers from those who know and have done it over and over again.
Enjoy the music- sad but memorable
auarchitecture.com.au#Planning Permit started the topic True bloo..Blue in the forum Value Adding 9 years ago
We need honest dual occupancy and property subdivision answers from those who know and have done it over and over again.
Enjoy the music- sad but memorable
auarchitectuee#Planning Permit replied to the topic Investing under $300k for Cashflow Positive / High Yield property in VIC ? in the forum Help Needed! 9 years ago
You need to go outside Melbourne- find a block you can subdivide and sell off the new lot to pay down debt or build the dual occ and get 2 incomes to be cash positive. There are properties like this within 100K of Melbourne CBD where rental demand is high- easy to commute to work.
Property may cost around 200K+. Build cost about $150K+. Rental…[Read more]#Planning Permit started the topic Dual Occupancy design with a difference in the forum Value Adding 9 years, 1 month ago
New Dual Occupancy home design
The young owners are first home investors turning their first home into a two lot subdivision. They will move into the rear dual occupancy purpose designed and built home in two years and develop the front existing house.
This is a great way to add value and build a property portfolio. The equity manufactured will…[Read more]
#Planning Permit replied to the topic Melbourne Structural Renovation Costs in the forum Value Adding 9 years, 1 month ago
Thats a big reno! Choose the right area where land costs are escalating and location is attractive to make it worthwhile- otherwise rethink. less reno cost and more cash into a dual occ behind which adds value and gives an additional income down the track- more equity to buy another property with similar attributes -the options are great. Enjoy.…[Read more]
#Planning Permit replied to the topic Profitable to purchase old home on large block to later demolish and subdivide? in the forum General Property 9 years, 1 month ago
Which State are you considering. Subdivision can be profitable in Victoria if done well, in right areas and has good recent sales history.
#Planning Permit replied to the topic Property Investing – Where to get your education? in the forum General Property 9 years, 1 month ago
Hi Sammy, Think of adding value to property as another way of achieving capital growth from property. If you are in Melbourne I have some good online and free information on my website of the type of property to look for and how to do a small development. Its based on the hundreds of properties I assessed and how i got those few hundred planning…[Read more]
#Planning Permit replied to the topic subdividing basics in the forum Value Adding 9 years, 2 months ago
Property subdivision costs
The following are just some of the costs you will incur for a property subdivision around greater Melbourne.
The cost of acquisition of the land if you do not own it
The interest or holding costs
Your share of equity or the deposit which is usually 10% of the cost of the property
Stamp duty which is 5% in…[Read more]
#Planning Permit replied to the topic Banks new servicing from July 2015 in the forum Help Needed! 9 years, 2 months ago
Shocking! Why this strategy is the big question! But its a lot better than the 18%-24% I paid for my first development properties. How we came out of that is something I forgot and best to leave it that.
#Planning Permit replied to the topic Income Education course offered in Australia in the forum Overseas Deals 9 years, 2 months ago
There are some in Melbourne who charge very high fees to find a property and more fees to design and get permits. Then there is the one I posted here on the property spruikers who are being chased by ASIC. Money goes and refunds hardly come back in full. Think twice before thinking higher fees equal better product.
#Planning Permit replied to the topic Income Education course offered in Australia in the forum Overseas Deals 9 years, 2 months ago
There are some in Melbourne who charge very high fees to find a property and more fees to design and get permits. Then there is the one I posted here on the property spruikers who are being chased by ASIC. Money goes and refunds comes back in full. Think twice before thinking higher fees equal better product.
#Planning Permit replied to the topic Dual key in the forum Help Needed! 9 years, 2 months ago
Thats a good return. Try a dual occ development with a subdivision into 2 lots in Melbourne for solid captal growth and equity. We can help you in thst process in Victoria.
#Planning Permit replied to the topic Where to invest in Brisbane area under $500k for futre growth potential ? in the forum Help Needed! 9 years, 2 months ago
Well said Geoff!. I was a Toorak man but found South Werribee very exciting- great opportunities lie ahead. A colleague in my Toorak days once said – going to Werribee? Make sure you wind up yor windows! I asked- are you still driving a non electrified car?
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