All Topics / General Property / Property Development

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  • Profile photo of MissyMissy
    Participant
    @missy45
    Join Date: 2015
    Post Count: 6

    Hi my neighbour and I are considering whether it is worth offering our homes to a developer. We would have about 1300 m2 between us on Nepean Highway in Cheltenham Vic. The real estate agent has strongly advised against going down this path but I wonder if it’s because he misses out on commission if I sold my house to a home buyer. Is it worth investigating and if so, which developer is worth contacting? Note the estimated value of my house on land is 1 mill. Your comments and insights would be very much appreciated! Thanks in advance.

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

    Yes worth considering.

    I have a client going through this at the moment in Sydney and he is looking at getting double what the property is otherwise worth.

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

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

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

    What reason did the REA provide for being against it?

    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)

Viewing 3 posts - 1 through 3 (of 3 total)

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