By the sound of it you intend to run the business of a builder, you will need a builders licence. Owner builders licences are restricted to PPOR not flipping.

Your first port of call is the BCA – you need to determine the type of construction material that the building is required to be constructed.

I have previously built light-weight construction using Hebel panels, styrocon and metal sheet/purlins each solution was dictated by the location.

You look for comparable sales – ie other 3 bedroom townhouses nearby.

Land value means precious little unless the site is massively underdeveloped.

Stamp duty (at market value for the % that you are buying), legal fees (you, sister & mother all require advice), provision for capital gains tax (payable by your sister), discharge of mortgage.

It’s a bit late now. You should have raised this matter with your building & pest inspector prior to settlement and also with your solicitor. The vendor has got the cash and is well on the way to Bermuda.

https://www.stonnington.vic.gov.au/files/assets/public/adl/public-notices/proposed-special-rate-for-chapel-street-shopping-precinct.pdf

https://www.stonnington.vic.gov.au/files/assets/public/adl/public-notices/proposed-special-rate-for-chapel-street-shopping-precinct.pdf

@cubster_2 – have you checked whether he holds a builder’s licence (for the type of work that he’ll be undertaking)? Reference check?

Has he taken out home warranty insurance? If not you may have little recourse through fair trading/VCat other than stopping them undertaking more work elsewhere.

@sako – what do you mean by ‘becoming a builder’?

The building industry is very wide – there are jobs at all levels from unskilled labourers, semi-skilled trades (concretors, gyprockers, landscapers etc), general tradies (brickies, painters, chippies, metalworkers, stonemasons, plasterers, floor layers, plumbers, sparkies etc), professional…[Read more]

It is not a useful measure of productivity. These are commercial assets and valued on their capacity for output.

Capacity for production is determined by several factors (planning controls):
Zoning: A property with a IN1 zoning (general industrial) would be more valuable than one with and IN2 (light industrial) zoning as the types of uses are…[Read more]

Traditionally the majority of investors in this area were the unlisted property trusts (insurance companies, investment houses, Banks etc) who had a grade CBD assets.

Nowadays, superfunds have a large stake and anyone with money in a fund probably has some exposure.

Lower value assets (sub-$10m) are owned either directly or indirectly biz mum…[Read more]

You’ll need land zoned residential for it and to submit a DA as many councils will call putting a container on a pad development.

Lease will need to cover: Rates, Services, Land tax (if applicable) and any work required to make the site ready for you to occupy eg getting power pole/switchboard, sewer/water meter.

So assuming rates @ $2000/yr,…[Read more]

@tim George – & your point is???

@tim_George – & your point is???

@timGeorge – & your point is???

@tim George – & your point is???

It may not affect finance however there are some construction quality issues if poorly executed.

Goober is your friend – use the force it will guide you.