Forum Replies Created
- Catalyst wrote:Are you looking for an investment or to live?
I am looking for a place to live however I am hoping the property can still gain good capital growth in the long term say 5~10 years if I want to change it to an IP.
NHG wrote:I'll check,I think the largest land I personally am aware of is about 900m2.
That's my rents place and I don't think they would appreciate it being put on the market :p
You'd be looking at at least $700k (at one point the valuation was $800k+) and the earthworks cost would be astronomical it is not fit for dual properties.
Unless your going Dural way, Normanhurst, Thornleigh may have the 1000m2+ blocks.
I am looking at place for Dual properties. Personally not like Thornleigh, unless it is actually a good place to buy.
Thanks a lot anyway.
Thank you very much all for your advice. I will go there to have a look this weekend.
NHG,
Do you happen to know someone who is planning to selling land/house? I am intested in land over 1000m2.
Cheers
Chen Xu
I rang the Hills Shire Council and the town planner told me that the council won't allow subdivision of dual occupancy regardless the titles. Therefore this option is off.
The good thing is I realized that the Hornsby Shire council allows subdivision of dual occupancy into strata titls as long as the land is more that the minimum lot area (correct me if I am wrong). Therefore I can buy a smaller block of land (say 800m2) and the purchase cost could be reduced to 700k. And if my understanding of maxmum 0.4 floor space ratio for duplex is wrong, I could buy even a smaller land. I contact one strata management company and they reckon they can help me to creat by law to get away with strata management and body cooperations. Anyway I think I can deal with this later.
Cheers
No property yet. At the moment I am doing feasibility study.
I think I need to go for strata title duplex, which requires less land. I need to talk to a town planner as I don't quite understand The Hills Shire's LEP. Seems like it doesn't allow any subdivision of dual occupancy (ie. duplex?) unless it has been granted before 1996.
Regards
Thank you all for your reply.
I am wondering how strata title will work for duplex. Does it mean a strata manager and body cooperate have to be appointed for maintenance? If the strata title doesn't differ much from torrens title in terms of maintenance and strata fee is no mandatory, I don't mind use strata titls to reduce the land cost.
Cheers
Chen Xu
Qlds007,
Thank you very much for your advice. I will look in it.
Cheers
Xuxu
