if you are looking to sub-divide a strata unit, you will need a DA. This will require a new strata plan & all compliance issues to be addressed, as well as getting consent from both body corporate & all of the building owners.

If you want to put up a wall, you’ll need a DA – consent from body corporate.

How do you intend to comply with any additional parking requirements for the new unit? What would be the unit entitlement? How do you provide separately metered services?

Not going to be a happening thing.

what’s the difference between this and any other investment of your windfall until the tax is due? Other than risk?

if you ask your buyer’s agent to undertake a task, they can give you a rate – as above, negotiations or auction attendance but the entire site selection is best serviced by either a flat fee or % of cost.

Waste Of F* Money And Time.

Both domain.com.au & Realestate.com.au charge extra for ‘premium’ or ‘prestige’ & ‘feature’ listings which are denoted by being the first listings under the suburb & highlighted in blue or yellow. Of course you get charged for these.

Realestate is agent-exclusive, domain.com.au will take anyone’s money. It depends upon the property location as to which site is most effective.

like everything else in life, if you are inadequately insured you will be liable for the shortfall. This goes for public liability, workers compensation, buildings, office holders etc. The strata manager will not take up the excess liability. They will recommend levels of insurance required, budgets for the sinking & administration funds etc.

Usually money well spent on larger complexes but if there are few issues or arrears, a small block should be able to do it themselves.

my guess is they meant ‘building envelope’ not pocket.

sounds worthwhile.

are you listening? Profit is not an expense.
A capital gain is the difference between the sale price & your purchase cost + development costs + gst. This is taxable as either profit or income, it is not an expense.
There is no development tax, only tax on profit whether this is at the corporate rate of 30% or at your marginal rate of tax.

Hint: see an accountant before you end up making BIG losses.

contact a QS.

You may find that there are some substantial savings to be made on face value however any currency fluctuations, time spent in customs , duties payable, lead time, manufacturing b*lls up, time spent in getting issues fixed, meeting Australian Standards, additional risks etc far outweigh the savings.

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