Yep, Christianb is right- anything is always possible- its just then is how much will it cost and is this worth it? Council is always a good place to start. if you are a novice, you want the least complications as possible.
Happy investing!Sorry missed the A of my REA real estate agent. After further investigation this particular development will not make a profit worth the risk so I have moved on.
If the funds are avalible should one buy the land outright for a development? I am looking to develop with the outcome of retaining one unit/town house from the development free and clear for a rental. How would this be seen capital gains wise?
For information the current proposal is for 5 townhouses on blocks of over 400sqms size. Is the cost of subdivision very different to getting strata title? Ease of resale may suggest subdividing is the way to go.
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