Hi All,
Does anyone know the approx costs of the following?
My plan is to buy an old property, demolish it – subdivide the block and build two new duplexes.
In my calculations I’m trying to work out the following costs:
– Cost of Demolishing (already posted this and have got figures from $0 – $7k)
– Cost of surveying and sub dividing a flat block (Approx 730 sqm)?
– Costs related to setting up the strata titles and getting council approval?
The property is located in the city of stirling -if this helps:)
Thanks for your advice guys!
Wayne
I would strongly recommend you call the duty planner at the relevant council. In my experience they are very helpful and will happily outline all the council costs.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Site Survey will cost you about $250 and several companies in Perth can do it for that price, usually within a couple of days. Demolition is dependant on the house and should be quoted individually.
Hi Wayne,
Have just completed two such subdivions in Melville COuncil.Had all the same questions you have…simple answer was contact a surveyor. he detailed all the costs and arranged for demolition and all approvals with water corp, western power, alinta, and shire council. First one cost $18000 and next one was $23000.
this was for green title subdivision. Curious thing was that equity on the property increased by approx $100k (probably more on the second one)by the subdivision process. ie well worth the cost of using an expert to take all the headaches out of the process. Another curious thing, the equity position further increased once I built on the vacant blocks ( approx another $100k )
Any good surveyor should provide this service, however I am happy to recommend the one I used if you are interested. Pls email if you have any other queries.
Cheers, kp..Hi Wayne
You may also want to consider timeframe, beginning to completion of project, my IP also in City of Stirling (duplex block).I was advised by builders that it would take upto 12 months to build two dwellings. These were larger building co.
About $120,000 each house, this was a package and included all associated costs. This was quite basic 3×2 dwellings.Cheers
If you want any further details PM me.
Hi Marisa,
Going through that very same problem now,…signed building contracts in Aug last year, and pads went down last Feb. and brick were delivered 2 weeks ago. Building is very SLOW at the moment, and the builder says that there will be an 18 delay if you sign up today…enough to send you broke…in holding cost if you are not careful.
But at the end of the day…a property zoned duplex is always better to have…
Regards…KPI also did a subdivision have done this a couple of years ago and posted it to a newsgroup which eventually got into its FAQ.. I think its still relevent except the costs are now probably 10% higher across the board..
http://www.travismorien.com/FAQ/realestate/paulpropertytips.htm
and the specific subdivision bit..
http://www.travismorien.com/FAQ/realestate/paulpropertyrant2.htm
EZ-Rent. The free tax and cashflow simulator for Australian property investors. Version 2 out now!
http://www.ez-rent.comHi, can you provide your surveyors details.? Thanks
Hi Kp, Can you please provide me the details of the company/business you used for your subdivision?
Thanks.
Hi Kp, Can you please provide me the details of the company/business you used for your subdivision?
Thanks.I’d be very surprised if kp who posted that post in 2004 will reply. ;)
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Thanks Corey, does anyone know of any businesses/companies in Perth that undertake subdivisions that you would recommend?
I use the Land Division in Malaga. Not the lowest cost, but they have the best design team and great service. They got conditional approval for me in 6 weeks lodging on Christmas eve when usual turn around is 3 months plus public holidays. It was also with one of the more’challenging’ councils and we were applying a concession.
Ask for Gavin
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David Hall.
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