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    finance

    Thank you so much for your help! It has put my mind at ease
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    finance

    Hey guys I have a quick question……. I own a house in Ballarat on a considerable amount of land. I have gained a permit to subdivide the land into two lots, one obviously with the house, and the other vacant. I purchased the block for $270k and have a loan of $248 with Aussie Home Loans...
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    Building in my backyard 15m x 15m approx

    The first thing you need to do is speak to either a qualified planning consultant or a draftsman with good experience dealing with unit developments in your municipality. Given that you have no breakground in the field the amount of information which can be gathered from a forum is not going to...
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    Townhouses Feasibility, Suggestions Please

    Does draftsman do many of these type of projects, examples & contacts (clients, builders etc)? Ye some draftsman do, you really need to get information on projects they have worked on. A lot I know have said they have dealt with unit developments, but basically have no idea what they are doing...
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    Build Costs for a 4 Unit construction - Regional VIC

    I can see what you mean, but your not subdividing. The 60% is a rescode requirement under Clause 55 of the scheme, and is for building more than one dwelling on a lot. The subdivision comes after the development permit (generally) and is usually more of a formality process, which ensures the...
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    Build Costs for a 4 Unit construction - Regional VIC

    I think a few on here are a little confused by site coverage. Provided that there are no schedules to the zone and it is standard res 1. Site coverage of 60% is for the entire site and is only any area covered by buildings. ie. on a 650 sqm site you can build on 390 square metres of the site...
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    metro melbourne up to 600k?

    I think the Carnegie option was better, but as was mentioned above i think you would be looking at above 650 for that property.
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    My development

    Seems very impressive Aaron. I think you have gone for the right approach. The location is in a premier inner city pocket and has some real scope for high end townhouse developments. Good luck!
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    Contaminated sites

    Do not touch anything on the priority sites register, even if you have someone who can do a cleanup cheaper and an environmental auditor! Those sites are on that list are some of the most contaminated sites in Victoria! Look at parts industrial buildings in the inner city, north melbourne is...
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    Property Development - Duplex

    Dont risk it The development game is not something for someone who is new to investing and/or has limited experience in development. I am a town planner and have seen many uneducated and even highly educated developers go completely bust and/or loose large sums of money even on one development...
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    Ballarat Development

    I will start by saying I am a young town planner from Melbourne, who has decided recently that I should utilise my knowledge of property and more specifically town planning and development to further my financial situation. I purchased a property in Ballarat recently for $270,000 in a...
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    accountant required

    I use BH Accounting Solutions in North Melbourne. They have helped me considerably with my small business and investment property advise. There fees are very reasonable, i think a company return costs around $1200.
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    Renting out IP to more than 6 people+ ?

    Sorry Aaron to clarify that the planning scheme defines it as 10 or more habitable rooms. I know building and health regulations obviously differ.
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    Anyone who's done a recent BANK VALUATION (or SOLD) BALLARAT property ?

    Melbournian i can understand your view point, staying safe within the major cities has a proven record that the country cities cannot compare to (over longer terms). However Ballarat, Bendigo and Geelong have all had 10% capital growth per year for a long time and therefore are competitive with...
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    Ballarat

    I purchased a property recently in a reasonably central Ballarat location, with a four bedroom house on a lot of greater than 1500sqm for well below asking price. Believe me there are still bargins to be found in Ballarat, particularly for infill development.
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    Renting out IP to more than 6 people+ ?

    In victoria a rooming/bording house is defined as having 10 or more habitable rooms. Therefore the number of people inside the house is not a consideration. The issue is the quality of the tenants you would get with such an arrangement!
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