Forums / Property Investing / Value Adding / Subdivision and Development

2019 Money Magnet Symposium - Discover how to make, and keep, more money and achieve a financially empowered future
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  • Profile photo of TheCuriousMindTheCuriousMind
    Participant
    @thecuriousmind
    Join Date: 2010
    Post Count: 10

    Hello guys,

    I recently bought a house on a 780 sqm block in Pakenham.

    The house is a small 3 BR leaving it with a 15m x 25m back yard.

    I am planning to subdivide the land and built a town house or a unit in the rear yard.

    I am not quite sure where to start this process and how to go about it.

    What should be my first step?

    How much further funds I should allocate for this project?

    What is the time frame?

    I have checked with the local council and they have advised that the street has had sub divisons but nothing can be approved until an application is submitted.

    Thank you fellas.

    Cheers

    Profile photo of Ethan TimorEthan Timor
    Participant
    @ethantimor
    Join Date: 2016
    Post Count: 282

    I would engage a town planner and take it from there?

    Ethan Timor | Aligned Finance Pty Ltd
    http://www.alignedfinance.com.au/
    Email Me | Phone Me

    Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)

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