Recent content by redrock

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    Should it take this long to get new titles.

    Hi aussiesir, Frustrating is definitely a good word to describe the whole knock down rebuild process. Everyone wants a share of our perceived profits, a bloke at the council changed his mind about our legal point of discharge which meant we had to get the plans redrawn and include some sewer...
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    Should it take this long to get new titles.

    Hi aussiesir, the land surveyors have been excellent and had all their work done and sent the Spear file to the conveyancer on the 13/3 since then the conveyancer waited until the 27/3 to ask my bank for consent to subdivide. On the 2/4 the bank requested we sign a form agreeing for their fee...
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    Should it take this long to get new titles.

    I don't think I have much choice now but to see it through to the end with this conveyancer and thanks to all the great information on SS I do have a little idea of the times that it should take. It would have been nice if he had said before we signed that he was too busy or not experienced...
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    Should it take this long to get new titles.

    Hi all, I would like to know how long does it normally take to get titles issued for a new 2 lot subdivision. A bit of background. I'm in Victoria and have recently finished knocking down an old house and building 2 houses on the block, one house I am keeping as my PPOR and the other was...
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    Fencing now or later

    Hi, Fence toppers will work on the side fence but the fence at the rear is only being held up by the ivy growing through it and needs replacing. Did you need the fencing completed before you could get the OC
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    Fencing now or later

    Hi, I am nearing the completion of a 2 unit subdivision in Melbourne and the building surveyor in his final inspection has listed as an item that the perimeter fencing needs to be raised to 1800mm. I had assumed that the fencing would be part of the landscaping and that I would have 3 months...
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    Paint Glorious paint!

    I'm also trying to decide on colours and I'm tossing up between dulux Tuft or Tuabmans Taupe Grey both are greeny greys and would look good in dtraeger's kitchen, matching with greys and whites.
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    My fixed price contract was only fixed until the builder wanted more

    The $27k isn't a variation, it is the builder wanting more than the contract price when he realized his mistake, as the price was not part of the contract the bank will not pay it and we have to find the extra money ourselves. The amount he wants has since been lowered and we have paid a...
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    Water Connection cost Vic

    Hi, The price for a long tapping with Yarra valley water is $ 1500.00
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    My fixed price contract was only fixed until the builder wanted more

    Thanks for everyone's advice, it is not going to be easy to continue with the build depending on the builders attitude. It would have been easier if it didn't happen until near the end of the build but unfortunately for us it was a problem right from the start. I was excited about building, not...
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    My fixed price contract was only fixed until the builder wanted more

    Here's our story, We decided to knock down the family home and build 2 units on the block, one to live in and the other to sell. We found a builder and signed a contract for him to demolish our home and build the 2 units, after knocking down our home he tells us that he has neglected to add...
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    Using Line of credit to subdivide

    If we have to subdivide first it will delay the build by a couple of months and then we will be paying Council Rates for two properties. Our builder wants to build first then subdivide.
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    Using Line of credit to subdivide

    I thought it was a bit strange to subdivide first and our builder was also surprised. Which would be the best loan to get, LOC or construction, we will not be doing anymore developing after this build. Our PPOR is old and needing a lot of maintenance so we have decided it will suit us better to...
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    Using Line of credit to subdivide

    The bank wants to use two properties for security, the land value of where we are demolishing (400k) and a Unit (300k) for a line of credit for 500k. My understanding of your replies is that when the buildings are complete the bank will revalue the 2 mortgaged properties and adjust the LOC...
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    Using Line of credit to subdivide

    My concern is, on completion of the development will I need to take out a new loan because of the new sized block of land or will the original LOC continue even though the land size and value will have changed.
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