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Hi Guys,
Thanks for everyones response. The feedback has been great and very informative. I will be seeing the Council in the next couple of days and will let everyone know how I progress.
Kim Yun – The frontage is approximately 50 m2 and 120 m2 in depth and is rectangular in shape.
Has anyone subdivided and tried selling of the back or the front before? My line of thinking is to sell of the back at about 300m2 in size which may allow the possiblity of a developer/builder to come in and build a 2-3 bedroom townhouse on the back and use that money to put back in to the mortgage while still renting out the front. As this is all very new to me I suppose the biggest risk is whether a land of that size will sell in Heildelberg Heights. At this point iof my investing strategy f I can sell the land without going to the trouble of building then that would be preferred option.
What does the term bonding mean in relation to Craigs posting?
thanks,
Sonny
