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Curious to find out what the CGT implications are, if any, if you seek and gain planning approval to demolish your PPOR and build multiple townhouses in its place but after receiving approval you decide to sell the property with the planning permit without demolishing the existing dwelling.

Update Thought I would give an update. Thanks all for your responses. I ended up switching brokers, only wish I had of sooner. Ended up going with NAB as a residential construction loan. Broker advised they'll lend on residential terms up to 4 townhouse developments.

Maybe look at giving a little on your end first. If you're serious about continuing the relationship with your builder on further deals & feel there is more money on the table ask him now to offer you a rebate on your next deal if you do proceed.. Builders & subcontractors have all heard...

Builders will generally allow 9-12 months in their contract for pretty stock standard townhouses of about 20 squares in size. This is typically to cover themselves in case they are delayed but it wouldn't be unreasonable to build 3 x 20sqm double story townhouses on one site to be completed...

Thanks for the advice. I will try residential first. If we did need to go commercial, will a typical broker charge the client for their services or are they generally paid by the banks like residential? if so are thier commissions on commercial loans any higher than residential loans of the...

Sorry, forgot to list the end value of the Townhouses. Will be $1.7m combined.

Hi All, I have a small three townhouse development in Melbourne I am seeking some advice on how best to finance the construction component of the project. Some rough figures: 1/Purchase price on Land (without planning approval) $580K 2/Existing Loan on Land $465K (80% LVR) 3/Fixed...