Pardon what may seem like a pointless question, just trying to check my thoughts with people who are far more experienced than I…
If I were to buy a property in Nowra, it would most likely end up being CF–, however I would be looking to make capital gains due to the projected expansion of the area (due to new infrastructure, etc.)?
Does anyone know where I can find a copy of the DCP? I wanted to check size requirements for subdivision or additional dwellings. I searched the Shoalhaven Council website and was unable to find a copy, just some amendments.
I can give some rubbery figures as i dont have details in front of me so please check before you buy anything. Smallest block allowed with no house is 500 sqm and slightly bigger for a battleaxe. So 1000 sqm corner blocks or about 1100 sqm + for normal blocks is what you are after.
Also what is worth remembering is if you build to Dual occupancy guidlines you can then subdivide after building down to as small as 350 sqm. This opens up slightly smaller blocks around 750.
This is what i have to do. In order to keep my existing house and granny flat. The block to be created will be around 400 sqm. For this reason i must build to dual occ then subdivide.Its worth remembering in your search.
They are still around. You just have to wait for them to pop up.
Also i believe council are looking at reducing the minimum block size although when this will happen is anyones guess.
Also the new CBD plan for inner Nowra will rezone certain areas allowing significantly denser development. Worth looking at the council home page for that one. Nothing beats a favourable rezoning.
Cheers
Very interesting read devo76 on the Dual occupancy.
Is there a calculator that I could input myself and wife's income,costs of ips,rent ect. to give me an idea of what kind of tax returns I would get.
To see if on the first year of buying an ip of around 280 would I get a decent tax return that I could then put away towards the running of the ip.
I have seen some software on the forum here but I don't wish to spend $400 or so on it just yet.
Thanks all
devo76 wrote:I can give some rubbery figures as i dont have details in front of me so please check before you buy anything. Smallest block allowed with no house is 500 sqm and slightly bigger for a battleaxe. So 1000 sqm corner blocks or about 1100 sqm + for normal blocks is what you are after.Also what is worth remembering is if you build to Dual occupancy guidlines you can then subdivide after building down to as small as 350 sqm. This opens up slightly smaller blocks around 750.
This is what i have to do. In order to keep my existing house and granny flat. The block to be created will be around 400 sqm. For this reason i must build to dual occ then subdivide.Its worth remembering in your search.
They are still around. You just have to wait for them to pop up.
Also i believe council are looking at reducing the minimum block size although when this will happen is anyones guess.
Also the new CBD plan for inner Nowra will rezone certain areas allowing significantly denser development. Worth looking at the council home page for that one. Nothing beats a favourable rezoning.
Cheers
Hi devo76,
I am interested in subdivisions in Nowra, with the intention to build some 3bd villas. I noticed some developments similar on old southern rd, worrigee and hillcrest ave, what's your thoughts on the area ?
Also with your IP in Nowra, have you got any build rates for your project and can you refer any good builders ?
thanks
Hi Devo,
Just stumbled across this thread and wondering how your IPs in Nowra are travelling. What are your feelings about the area currently? (I know it's an old thread).
Rusty
hi there, i currently live in Nowra and am wondering if there is anyone else who is around this area (Shoalhaven/Illawarra) who would like to meet up or be apart of a mentor group.
Hoping to hear from someone.
Yaya
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