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More information. I was noticed about repayment restriction, but hope there is any lender have lower requirement.

Hi all, My broker cannot answer the question so hope anyone shed me a light. My overseas relative won lotto and send 500k cash to Melb in order to buy a property in joint venture with me. The issue is I already bought the third IP 2 months ago and seems reaching the borrowing limit for...

Agree with tcocaro, changing height is not minor amendment, it requires all floor plans, elevations, section, shadow & overlooking diagram updated. It may not comply with building massing standard on planning scheme.

Council always ask 2 car space for 3 beds. Please update how you can convince them. Hope there is not any objection during advertising. Great works. I'll need your help for our subdivision soon.

It's very exciting project, an example for the creativity outside of the box. We have a little bigger lot (280sqm) in same area and got DA to put an unit in backyard but cannot believe it can be subdivided to 2 separate titles. Just curious if the process of subdivision to be similar as...

Hi all, I go to see my accountant soon, but hope to hear any second idea about my situation in term of CGT implication PPOR value 450 buy 2012, still living in there IP1 value 650 buy 2013, spent 6 months for a large reno then rent out, get deprecation report and valuation done before...

Hi everyone, As my understanding, bank do not lend to owner builder and a typical application will require quotation/ contract from registered builders. There is an exemption to registered architect who can build/manage the project for themselves without builder involvement. Has anyone...

Roughly 3k/sqm for this type of development. If you can manage properly and no surprising event, it can be 2.5k/sqm. Plus 10% contingency and you'll have the idea about the total budget. Without drawings, specs, reports, the estimation is not a "quote", just an indication only.

Just my 2c

lol, it seems you have great neighbors. So far I consider above 16 levels as high rise. Within this range we have to deal with DPCP, not local council.

We once use a very well-known architectural firm for our highrise development TP application, mostly due to marketing purposes. The fee is around 100k, but it is for TP & VCAT only. The full fee may be around 3-5% cost of work.

I asked council and they said that if none specified in the schedule, the existing requirement in Clause 54 & 55 will be applied. Basically GRZ2 is very similar as existing RZ1.

I've got the same headache last couple week. There are other things may need to consider: - Value: any local comparable sales, talk to RE etc. - Marketability: the targeted group of tenants/ buyers, are they happy to climb stair? - DA: which one is council planning preference. I would go for...

Just discuss with my friend who is builder and compare to construction cost guide from BMT and Archicentre. The finish is low/ medium and I have friends willing to help after lock up stage. Thanks imbi3, definitely it is not worth to try option 3.

RE statistics shows 30% independent youth & 17% maturing independence people & 11% couple & family living in the area. But it is likely more FHB couple pick the area for starting. New 2 BR unit sales at $300-320k and 3 BR at $350-375k, and no data for 4 beds. So wondering if the fourth...

Congrats. Now coming the fun reno stuff. And moving to adding value topic.

Yeah, financially option 1 is best bet. Just confused due to many advice like double storey will have better look, more value, etc. The block is close to station & shopping centre so council seams ok if 10x15m rectangle fit in backyard.

Hi all, I intent to build 2nd dwelling at backyard whilst retain the front house in Albion VIC. It is corner block and 150sqm spare land left for new building/ subdivision. I have not decided to sell or keep both for rent. There are 3 options coming up: 1- Single storey dwelling - 3...

My rank is 1.Preston, 2.Footscray, 3.Coburg, 4.Maidstone Preston & Coburg is close & quite similar whilts Footscray & Maidstone is other pair. There are good/bad area in each suburb so it is hard to comment on such wide context However, my radar focus on Kensington/Fleminton ATM.

Congratulation. Thanks for giving a lot of knowledge and inspiration in your text