My owner occupied properrty is scheudled to be re-zoned to Res1. (vic) I am wanting to explore myoptions for doing my own residential subdivision (12 acres + exisiting residence). Problem is, where to start. I have so many questions! Firstly, under what financial structure should I look at? Ideally I would like to sell existing property to my own company or trust (free up some initial $$ to build elsewhere and rent the existing home). Then theres the big 'what are the development costs per block? – there's probably a ball-park $$ rule of thumb? Perhaps I should look at getting an expert company to project manage the whole thing… Who are the reputable companies? Who are the go-to people for financing? The big 4 banks? I know there will be sharks out there, I'd like to avoid them Would greatly appreciate any 'pearls of wisdom'.
Firstly welcome to the forum! You’ve got quite a few questions so I’ll try to sort them out for you.
There’s numerous financial experts on the forum, if you see the finance section there’s quite a few experts floating about. (Jaimie M, terryw, shape, qlds007) to name a few. You’d probably be best shooting those guys off a pm, or posting a topic in the finance section.
With respect to the subdivision part it’s up to you who to contact first. Surveyors and Town Planners are normally the first point of call. I would highly recommend speaking with Breece or christianb (Town Planners) on the forum here for a feasibility study before you start spending the money. Private planners are much better than the council planners, as they’ll give you a straight answer to your development feasibility.
If you have any queries on the subdivision part, feel free to ask!