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Thanks for the info Lachlan. Since it will be my first project, I would probably need lots of help from people like you. Can you recommend companies that do all the approval and submission, planning as well as double up as contractor/builder? It would probably be the best way out for me.
Can you also advise if it is better to sell off-the-plan or readily-built? Thanks.
Azalia wrote:Firstly, you will want to know that the site is going to be feasible to do said development. So you will want to roughly calculate the expenses and the income from selling the completed dwellings.What is the Zoning? How many dwellings will the zoning permit you to build on this land? Also talk to the town planner about what your council needs & wants (this will give you some indication of what to build).
I have a company/trust set up already that is not in use, and I work Full Time for a land developer in WA (has been extremely valuable to me as I get their help/advice free when I do due diligence). I am beginning to do some developments of my own starting with small ones…
Hi Azalia, Thanks for the advice. The house is on an approx 1200m2 block under Residential 1 Zone (R1Z). There are no caveat etc on it. There have been quite a few blocks opposite mine that have been sub-divided and developed. I may talk to a town planner to gauge the limitation of the sub-division. How are your doing with your own project?
Where abouts are you? Where is the land exactly? As building costs vary state to state but I can give you an estimate once I have more details. Feel free to PM me…
