Forum Replies Created
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
AlistairI 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
AlistairRob,
My understanding is that many lenders will call in the loan if they find out it is for a wrap. Is this correct?
Regards
AlistairHi 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 applicable.
http://www.dse.vic.gov.au/planningschemes/
Regards
AlistairHi 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
AlistairHi 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
AlistairAnna,
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 the land you can build a house with just a building permit. If the block is particularly small or the proposed house particularly large then you may be able to build it, but you need a planning permit. A brothel on the other hand would be prohibited.
The planning scheme is State based, but there are slight variations between municipalities.
I’m not aware of a,b & c zones, but I only operate in Victoria. Here the zones are Resedential, Rural, Industrial etc.
This is a very simplistic explanation of a complex subject, but I hope it helps.
Regards
AlistairHi 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 the title and the neighbour is the beneficiary.
From what you have told me you should be able to move the house and probably subdivide, but again you really need someone who is up to speed with Tassie planning legislation.
Sorry i can’t be of more help.
Alistair
Hi Sansue,
I’m not a developer myself, so I can’t give you a great amount of advice. There are a number of comapanies around that offer a turn key type product, where they arange all the plans and permits etc, manage the building ant then hand it over to you at the end. They should give you a set price at the start and a good idea of timing. This would reduce the number of variables in the equation.
Peter Combden, who is a moderator on this forum runs property development training sessions I beleive. I don’t know much about him though.
Regards
AlistairRip,
Which municipality are you in and what is the zoning.
Regards
AlistairSansue,
From what I understand most developers look at a profit margin of 25% plus. You can get a quantity surveyor to estimate building costs.
I would also like to add that if you have to ask these questions you should seriously reconsider if developing is a good option for you at this stage. A lot of novice developers lose money.
Regards
AlistairRip,
I can help you on this if it is in Victoria, but I am not completely sure what you are asking. If it is, can you build townhouses without your neighbours permission, the answer is yes, as long as the proposed development complies with the local planning laws.
Regards
AlistairProperty Trader,
If you have done what you say it is certainly impressive, but your post is not really in the spirit of this forum (as far as I understand it)if you are not willing to share at least some details.
You and your friend (you actually sound a bit like Peter Spann) are not the only people who do no money down deals. Just Steve McKnights second book. I actually did one myself last year and made considerably more than your stated profit. I’m also willing to tell everyone how I did it:
There was a problem (developer with a development to sell). I had a solution (a buyer) and facilitated a deal, the intricacies of the transaction are transaction are not important as the only thing that made them complex is legislation. This is what lawyers are for.
I suspect that what you do is take out an option on a property, find a buyer and onsellthe option. This is the simplest method of making such a transaction and no great secret. You must be good a locating buyers though, to be able to do multiple transactions, this is not that easy unless you want to contravene the law or are a real estate agent.
Regards
AlistairProperty Trader, where did you get your time machine from?
Nick,
You should contact Consumer Affairs in your State and get some advice from them.
Regards
AlistairHi Nico,
My brother has had some experience with writing loans for overseas clients. He is in Melbourne also. If you would like to speak to him PM me your contact details and I’ll get him to call you.
Regards
AlistairHi Kate,
I haven’t actually ever done a wrap deal, but I did go to a seminar last year held by a lawyer called Lewis O’Brien, about the legal issues regarding wraps. Steve McKnight actually recommended the seminar on here. He is probably worth contacting regarding contracts etc. His contact details are:
Lewis O’Brien
Commercial Lawyer
4/310 Whitehorse Road, Balwyn, 3103
Ph: (03) 8801 0111
Fax: (03) 9878 4906
Mob: 0407 521 112Regards
AlistairHi Bonnie,
I’m happy to help you where I can, so feel free to email me. The <5K figure was an estimate on concept drawings only by the way. The whole lot will cost a fair bit more.
Regards
AlistairAnion,
You may be able to purchase plans for this price (although I have no idea where), but they would most definately not be suitable if a town planning permit is required. They would also make it far less likely for you to get a permit, not to mention the end product would probably be less saleable.
