Attractiveness of 7.5m Wide 300m2 Lots in Brisbane?

Viewing 7 posts - 1 through 7 (of 7 total)

RPI
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@rpi
Join Date: 2012
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February 24, 2013 - 12:01 am
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
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Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
February 24, 2013 - 12:46 am
That is very small…
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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rob-wa
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@rob-wa
Join Date: 2003
Post Count: 36
February 24, 2013 - 1:39 am
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.
RPI
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@rpi
Join Date: 2012
Post Count: 308
February 24, 2013 - 2:22 am
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
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Property Lawyer & Town Planner
rob-wa
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@rob-wa
Join Date: 2003
Post Count: 36
February 24, 2013 - 2:29 am
You can trade in the lawn mower for a tennis club membership
beedie
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@beedie
Join Date: 2007
Post Count: 158
March 9, 2013 - 10:40 pm
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……
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
March 10, 2013 - 5:20 am
How do banks treat them?