Subdivide and Develop

Hi microchip,

  I can't help directly with your questions, but just wanted to offer an example of "options available to you" (possibly, depending on which Council…..)

  Here is a link to the Brisbane City Council website. 

http://www.brisbane.qld.gov.au/planning-building/applying-and-post-approval/how-to-get-advice/index.htm?utm_source=corphome&utm_medium=mega_nav&utm_term=-&utm_content=image-version&utm_campaign=mega_pb_aapa_how_to_get_advice

  Reading through that webpage, there are different offerings depending just where you are in the process. 

  In your case, perhaps the area titled "Development advice for people who are unfamiliar with the development assessment process" could work for you.   Perhaps your preliminary meeting might have you put questions like "What kind of dwelling would Council see as desirable for this part of town?"    Or "For this block size, in this area, could I build one/two/three separate dwellings?"  Or, "Is there a better dwelling style that would allow more homes to be built – e.g. duplex/triplex instead of separate dwellings?"   

  Could it be that they may look more favourably on STCA dwellings, so would allow more to be built?  If so, would you want that?  

  By asking them what they would want to see there, you should maximise your chances of having an easier approval process (almost like having "pre-approval" really!!)    Later on, for a fee, you can get specific information relating to just what it is you want to do.

  Good luck with your venture – and do keep in touch re results,

Benny

Hi Microchip.

Great to hear your moving into developing.

Firstly, when going into business with friends, I always have a concern, make sure everything is documented, as many of these arrangements cause headaches.

Secondly, all of these areas have fantastic potential, by finding the right property in these areas, and with the right development, you will be in for a great profit in a few years.

Why?

Great infrastructure in the area with Trains plus Eastlink, and as you have seen Costco is in the area, many of the large developers are in the area looking at sites and already some have been purchased. You will notice the landscape changing over the next 5 years….use Box Hill as a comparison.

So Depends on the size of the block and the price you want to pay. Usual stuff look for caveats and look around the artea you are buying for other development sites. If there are, then you will most like get less rejections and push back from the council. I developed in the area in the last couple of years and found it pretty pain free with communication with the right people at he council and no objections from neighbours.

You can then look at plans for the site. I can reccomend a great person for this.

Then you will need a builder if you don't have one. I can also reccomend our builder who has done a number of developments in that area.

Depending on the development, construction will take 6-9months and at that time you can look at your sales strategy.

Be sure to do a CF analysis and approach a broker for finance there is some great ones on this forum and I can reccomend who we use also who finance many developments in the east.

Hope that helps

Cheers, Ivan