strata title units in Brisbane

Hi there

I must admit i am slightly confused as to your requirments.

When you mention that are looking to buy 2/3 units on a single block i asume that you are referring to a freehold torres title block of townhouses rather than Lots in Body Corporate.

I am also unsure as to whether you intend to construct them or wish to purchase them already built.

If you are looking at purchasing a block of land and building on it you need to ensure that it is zoned accordingly. The last Town Plan changed the Zonngs of many areas and incorporated the old RB3 & RB4 sites. An independant Town Planner will assist you here.

Then you need to make appication to BBC for a DA and subject to approval will need a BA to enable your Builder to provide you with a quotation to construct.

Just factor in the appropriate time frame as I have seen many new developers come unstuck as they have not realised the amount of time taken from start to finish.

Also ensure you factor in your GST & CGT (especially if this a one off) as tis will again eat into our profit margin.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.

If the use proposed is inconsistent with the planning area precinct ie. its zoned low density residential and you are trying to gain approval for a multiple-dwelling, then you will need to follow an impact assessment application to BCC which will often take up to be in the order of 9+months. If the use is consistent with the planning area, you could expect council approval within 3months. Please remember that building approvals are a separate issue, as well as operational works approvals etc etc.

If you need some development assistance in this regard I would be happy to look at the block of land and its suitability for development.

Hi,

Yes, usually you would do a basic analysis on the current preferred uses defined by council suitable for that particular piece of land, and decide from there. This would normally be done during the contract period.

Yes it costs money to lodge your application with BCC (phone them for the fees) and a planner would normally charge, for a simple planning report between 2 and 5K to administer the application process.

There are several ways that you can approach this:

– You could just go to the council, ask for planning officer and tell him/her what you want to do. They will often get you a general idea what the zoning is and what are complying developments, etc.

– You could (and that would be my recommendation) look for a surveyor. They specialise in subdivisions (what you probably have to do) and can often give you heaps of information. They know the area, the pitfalls and also how to approach the council (you may close some doors when you ask the wrong question).

Same thing applies when you buy a block of existing units. But now it can get a lot more complicated. If you want to split the units off, you have to comply with all kinds of regulations, the worst one probably being the fire proofing. You have to ensure that a fire in one unit cannot jump to the next easily. This can be a very expensive exercise. You also need to ensure that each unit has an adequate amount of open private space (a fancy expression for the back yard entertainment area).

Steve McKnight has brought out a development blueprint. While it costs $500.00, I think it was an excellent investment for me, even so I knew already most the things covered in there.

Martin Ayles, the developer, describes his job as mainly solving problems and putting fires out. He has some great examples of real life problems and disasters. He lists his other strenth as marketing. The guy is 33 and is financialy independent.

In my estimation you need to do at least 3-6 month more research before you want to go any further with purchasing land or property.

Good Luck and Keep at it.

I think you will be amazed how much info you get out of the council planners if you ask them nicely. They normally also have development maps stating the different areas. However they may not be a lot of help to you. It is not just a case of in this zone you can do this, etc.

Also if you see a property, you can just ask the REA about the zoning.

It is often important to ask what Matin Ayles calls ‘Quality Questions’ to get the answers that you are looking for.

While you can try to do the work sitting on your office chair in front of your computer, I believe that you will only get limited results.

Go out there look at the places, talk to people and you will get a lot further a lot quicker.