Thanks for the prompt replies!IP Freely: Looking in to that as an option now, thanks!

We are happy with our current contract except for the fact the vendor has returned it to us with some changes and granted the original buyers an extension of 1 week to meet the conditions. Our contract has a clause that says if the original contract is not unconditional by a certain date then our contract takes precedence.Our issue is that we…[Read more]

TerryW: A large risk for us? The original buyers contract has supposedly become unconditional. We are just going to get a conveyancer to have a look at the back up contract and confirm that the original contract is now unconditional.

We'll get a conveyancer on Monday to have a look at the back up contract.REA has told us the contract has now become unconditional…. shortly after the conditions in the contract have been extended….Will look in to it further.

Hi,Thanks for the replies!It's a difficult situation. Lets just say the three parties involved do not have common goals in regards to the IP. One party has moved in and is currently the tenant, as they believed the property could not be tenanted in it's current condition. It was left empty for 9 months because of this. I have inspected it, and…[Read more]

Thanks for reply Terry!I had a quick look at bantacs site. I think you are correct. Will just have to crunch numbers for each option to see if we can obtain the desired outcome.Cheers

Cheers for the report! Prompt reply, very much appreciated!Peter

Thanks Morty,Will give him a call.

Just bumping this post. We are still looking at  having our block of land subdivided. Can anyone recommend some one in Adelaide, preferably who has experience with West Torrens Council who could complete this process for us?Feel free to PM me if you can help.Thanks

Hi Morty,The property is in the City of West Torrens. The zoning here allows for a min 270m2. Our block is 697m2 with approx 15m frontage. We plan to keep the existing house and go for a hammerhead division. We have approximately 4m wide driveway, so I believe that should be wide enough for access to the back. Supposedly we can go up to 3 stories…[Read more]

Hi, We are currently renting out the property and have moved interstate. So far it seems like we will be able to subdivide the block. I am considering using a large reputable builder to oversee the whole project. What sort of premium would we expect to pay for a 'turn key' finish?We are looking at possibly a two storey 3 to 4 bedroom 2 bathrrom…[Read more]

Thanks for the replies!Ross: What do you recommend as the steps to follow in finding out whether our property is subdividable? Thanks