Hi Tombala,

I’d be in for that. Email me details if it goes ahead.

Regards
Alistair
alistairp@town-planning.com.au

Muli,

You should take account of the negative sentiment shown towards the property market by some on this forum, as they are definately not the only people with these views. However, you should also consider that there are also always opportunities in any market. If you worry about prophesies that may never come to fruition you will be sitting on…[Read more]

Torachan,

It is possible to make money at any stage of a cycle. Obviously it will be more difficult over the next few years, but thats hardly a reason to sit on your hands.

Regards
Alistair

Bonnie,

You could try doing a vendor finance deal. This would give you some cashflow.

Regards
Alistair

Hi Asjov1,

There are many loans that have this feature. You simply specify to the lender/broker you are dealing with that you wish to have this feature attached to your loan and they will point you to appropriate products.

Regards
Alistair

You definately need to do some due diligence with regard to the number of units you will be able to get onto the land. In addition to Michaels points, you also need to factor in time to get the permits and holding costs.

Town planning is often a slow process, especially if the land is in an area where anti-development groups are active.

You can…[Read more]

Hi Mitch,

Lease options are definately possible in SA. There are plenty of people doing them.

Alistair

I wish I had a problem liken that. My personal preference would be conservative. I would pay off the loan on the PPOR, if you still have one. I would then park the rest in one or more of the other loans and redraw as other opportunities arise.

There are new products coming out all the time from different lenders and it would take a lot of work to keep up to date with them if you don’t do so as a business. Also, as you don’t have to pay brokers yourself and you’re unlikely to get a better deal by going direct, I can’t see any reason not to use a broker.

Hi s2ss,

If you go over 4 units in a development, you might be forced to apply for commercial finance, which is more expensive.

I quite liked Peter Spann’s book too. I found his “wealthy friend” a bit annoying though.

Regards
Alistair

Hi Phil,

There are also 100% loans available from a few lenders, although I think they only lend for owner occupied properties.

Regards
Alistair

Jules,

If this is in Melbourne you probably only need a building permit, but it depends on the particulars of the local planning scheme, zoning, overlays etc. If you do only need a buildiung permit your architect/draftsperson will prepare the plans for this.

Council area is shown in the Melways, it is printed in red on the map.

Regards
Alistair

I use Andrew Goldberger at Guests Accounting http://www.guests.com.au and couldn’t speak highly enough of him or his firm.

If you are planning a residential development, you would want to know if the property is within the urban growth boundary.

Regards
Alistair

Rob,

My understanding is that many lenders will call in the loan if they find out it is for a wrap. Is this correct?

Regards
Alistair

Hi RBF,

I’d be happy to help you with obtaining the planning permission, if you need professional assistance. If you want to do it youself, have a look at the following link. Its complex, but will give you all the information you need as to what zones, overlays etc. affect your property and also what the controls are…[Read more]

Hi Kerrie,

I’m pretty sure if you sign a contract to buy you will be slugged with Stamp Duty on sale. Get advice on this, but I think the best way is to take out an option over the property and onsell the option.

Regards
Alistair

Hi Steve,

Your architect/draftsperson should have ordered a site survey prior to drawing their plans. A surveyor probably have picked this up for you.

Unregistered easments are covered in the transfer of land act 1958 No. 6399/1958 S42(2)(f) for anyone that is interested.

Regards
Alistair

Anna,

Zoning gives land a designation under that States planning scheme. Each zone has particular rules as to what can and cannot be done with the land, and also what needs a planning permit before it is done.

A basic example is a residential zone. So long as the block is above a certain size and trhe building takes up less than a certain % of…[Read more]

Hi Rip,

I’m reluctant to offer advice on this as its not in Victoria. You should get yourself a town planning consultant based in Tassie and take them through it.

I will say though, that the only situation I have come accross where a neighbor could flat out stop a development (rather than just object) is where there is a restrictive covenant on…[Read more]