Hi all, I know nothing about property developing or subdividing. but with this basic concept. of buying a block of units say 4. on 1 title then subdividing it so each unit has its own title.
is this a good strategy? does anyone have experience doing this? what are your thoughts / experiences doing this.
cons / pros ?
If you can find a block of four units and zoning allows for a strata plus figures stack up then it can be a good strategy.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
Yes it can be a great strategy but don't just assume you can strata them. There are things to consider- fire safety (fire walls, sprinklers) and other compliance issues that are different for strata.
Most things can be overcome but some may make it cost prohibitive.
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