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Thanks for the help. The only bit that does not Gel is the original house value. The land value is about right off past sales but $85,000 for the original house is low. It's 40 years old but its a big 4 bedroom fibro 2 bath with double garage and attached to it is a 70 Sqm self contained...

Ok so assuming a flat market since 09 and the vacant 1000 Sqm corner block next door selling for $215,000 (similar to mine) Original house would be House minus land = $85,000 60% of land. = $129,000 Renovation. = $30,000 50% sub cost = $25,000 New cost base is $269,000 ( down from...

Thanks for the reply Not sure if I have it so using rounded rough numbers $300,000 = purchase of original house $30,000= original house renovations $50,000 subdivision costs( 60% land to original house) $200,000 new house purchase built on 40% land. Purchased in 09 Started...

Any ideas guys. What's the cost base of my new house after subdivision ? Us it House cost Subdivision cost Land works specific to the new block. What happens to the original house and land that is now smaller and theoretically has had some value removed due to smaller lot size ...

Hi all My very painful long stress filled depressing attempt at being a developer is nearing the end. Encased sewer done Existing dwelling renovation done New garage done New 4 bedroom house done Now just some paperwork to finish the subdivision . My question is should I be valuing...