Thanks Terry. Actually you pointed me to that website in answer to another question of mine some months back. As far as I can tell, I should not be classified as a developer. I bought the property to be my home about 4 years ago and only recently decided to develop the rear. My hope is to not sell either of the back 2 properties but just rent out…[Read more]
If you are talking about WA, the zoning determines such things as minimum and average block size, boundary set back, plot ratios etc.
As a rough guide, if you divide 10,000 by the R-Code number (20 for R20 etc.), you get the minimum block size. So R20 gives 500 m2, R40 gives 250 m2 etc. However, I have noticed the latest update to the WA codes…[Read more]
Who do I get to do the design and what would they typically charge? If you are Perth based, do you mind letting me know who you used?
Are designers normally conversant with the R-Codes so that I would be fairly certain that the design will get through council. Also, are they in tune with what the market wants re layout etc.?
Thanks in advance.
I can’t address the property you are looking at and know nothing about the hotel market, but as a generalisation, if a rental guarantee is offered, you would need to find out the prices of similar properties in the same area that don’t have a guarantee attached to them. You may find that they have simply added two years rental to the asking price…[Read more]
Thanks crj. Your post and terryw’s link have been invaluable.
I think I understand now whether CGT will be payable or not. Calculating the cost base may be the tricky bit, as presumably all costs with owning the property (land tax etc) need to be apportioned to the various subdivisions. Since we didn’t intend to subdivide when we bought, but just…[Read more]
I bought my current and previous homes after driving by the properties and seeing the "For Sale" sign. I hadn't intended to buy in either area and on seeing the signs, decided to take a look out of curiosity. So a sign is definitely a "must" IMO.I think having pictures on the sign is only an advantage if the property has some features that you w…[Read more]