Forum Replies Created
Thanks guys.
Christianb – Can you please have a look to this proposal if I mail you the details of the site? It will be good to get an opinion from an expert.
Thanks xdrew and MauriceS.
Ashley – You are correct that I have spoken to Breece who certainly sounds like a very experienced person. And thanks for a new referral. I'll try contacting Roshan as well.
Regards
AnandThanks DWolfe. I might call the council to find out their views.
NHG, the land is residential zone1
rbugno – <moderator: delete personal comment>. I would buy an effective accountant/ advissor with my money then spending on this kind of people. Again, this is my personal opinion.
Having worked in the banking industry in the past, I can assure you that I haven't met any successful property investor/ developer who was working with the help of this type of mentors. In addition to good business accuman, all of them had a good team of accountants (tax focus) and lawyers.Thanks Guys. I'm more or so looking to subdivide, not renting the new dwelling.
I can do sums based on my learning in the subdivision process and several years experience in the finance industry. Infact I can also help people based on my learnings and experience.
This is not about financial viability of the project but about how to get it through the council.
I hope this makes sense.
Cheers
mattsta – I'll be using unused land (non income producing) and my real investment will be building & development cost. The end price of this new dwelling will be perhaps 3 times of my investment and therefore any profits will be used to reduce the current mortgage. And I'll continue living in my current house.
NHG – I want to subdivide & sell so granny flats may not be a solution but I agree that they would have been a great solution if I just wanted some rental income.
Thanks Shannon_t.
I must say this is a lengthy process and a lot to learn along the way.
Sounds like you are a buildeing designer as well. Do you work around where I am?Kaila,
Please PM me and I'll send you details of one or two good/ cheap builders. Is it an investment ppty or a home for yourself?
Cheers
Thanks Ashley.
Appreciate your explaination.I suppose I need to discuss this issue with the architect I'm thinking of employing for my project.
Thanks guys.
I have had discussions with various architects/ draftsperson and it appears that the only way I can build at the back of an existing dwelling is by using a common driveway.So how do I go about this "carriageway easement "? Something arranged via the Land surveyors?
Would it be a preferred options for buyers as oppose to buying under a body corporate arrangement?
Hi Saurabh,
This is certainly possible for a loan equivalent to 80% of the purchase price subject to affordabiliy is proven on bank's internal affordability rates. And affordability is very strong – banks will be happy to support you even for LMI.
<moderator: delete advertising>
Cheers
Thanks jasedc5r and christianb. Appreciate your responses.
Christianb, can you please explain what is "carriageway easement "?
Also, can anyone explain the main type of costs (and approx charges) involved in such backyard developments?
I'm looking to sub-divide in Vermont South and need help finding an architect/ draftsman who deals with Whitehorse council and therefore understand their requirement. I'm trying to subdivide a block of land which is 715 sq m in size; however, due to the odd position of the existing dwelling – we won't have more then 220 sq m left for the new dwelling (so idea is to build 10 sq single story or 14-16 sq double story).
Also, we may have to adjust driveway for the existing dwelling so that we can subdivide avoiding any common driveway.Any good architect/ draftsman contacts please?
