Forums / Property Investing / Value Adding / Attractiveness of 7.5m Wide 300m2 Lots in Brisbane?

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  • Profile photo of RPIRPI
    Participant
    @rpi
    Join Date: 2012
    Post Count: 308

    Hi All

    I am interested to hear forumites opinions on the new minimum lot sizes from a how easy or hard to sell perspective.

    The minimum lot size across Brisbane will be 

    Low Density Residential    7.5m wide   300m2.

    Low Medium Residential   6.0m wide  180m2

    I am putting through a lot of 10x15m 300m2 blocks at present (corner sites) but am getting some varied and interesting feedback from Estate agents as to the  single 7.5m wide lot

    2 lots side by side, terrace houses no worries.  But a single lot, that's a different story

    The external boundary setback is 1.5m if the adjoining lot is over 400m2 and 1.0m if 400m2 or less.  Common side boundary can be zero.

    Any and all thoughts appreciated

    D

    RPI | Certus Legal Group / PRO Town Planners
    http://www.certuslegal.com.au
    Email Me | Phone Me

    Property Lawyer & Town Planner

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,190

    That is very small…

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of rob-warob-wa
    Participant
    @rob-wa
    Join Date: 2003
    Post Count: 36

    D

    Friends of mine bought a contemporary  style 3 x 2  house on a 6 metre wide block in Subiaco , Perth.

    It was separate and a mirror image of the house next door , with a difference looking exterior.

    As you know Subi , is close to the city and prices are quite high. They doubled their money in 6 years

    There is a demand for this size, if its close to the city, trendy cafes, restaurants , gym ,tennis clubs.

    Would appeal to "DINKS", who could afford to get an architect involved, to come up with some great designs.

    am getting some varied and interesting feedback from Estate agents as to the  single 7.5m wide lot

    If estate agents haven't worked in areas of Sydney, Melbourne and Perth, where this size is common, then they may have a negative opinion.

    Profile photo of RPIRPI
    Participant
    @rpi
    Join Date: 2012
    Post Count: 308

    Cheers Rob

    I can still remember when 405 blocks were hard to sell in some areas.

    I think that they offer a great way in to inner city market and no body corporate issues.  

    RPI | Certus Legal Group / PRO Town Planners
    http://www.certuslegal.com.au
    Email Me | Phone Me

    Property Lawyer & Town Planner

    Profile photo of rob-warob-wa
    Participant
    @rob-wa
    Join Date: 2003
    Post Count: 36

    You can trade in the lawn mower for a tennis club membership

    Profile photo of beediebeedie
    Participant
    @beedie
    Join Date: 2007
    Post Count: 158

    I'm of the opinion the way to go with these lots is to actually bluid and market/sell…

    Takes the focus off the size/ frontage etc..

    treat it as a freehold town home site…… 

    Profile photo of FreckleFreckle
    Blocked
    @freckle
    Join Date: 2012
    Post Count: 1,681

    How do banks treat them?

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