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That's all good the more info the better. So I finally got the final figures for my loan aproval, obviously it's not much as I'm fairly young still (20) and my income isn't the greatest. I was able to obtain a preaproval loan of $370,000 with a purchase price of $350,000. I currently...

Awesome thanks for the help On another side note, when subdividing do people tend to demolish the existing property more often than not? Or just revamp it and build a second dwelling next to it, if it isn't i. Too bad of a condition?

I have heard some absolute nightmares out of VTAC haha! But yeah i guess you're right. What are some other things a first time developer might be looking out for or in your experience has thrown you off most? especially starting out?

So i guess i put this to some more experienced developers, how do you guys do it? Whats the best way? i mean sure you can do all the research you want but if the council decides to lick you after you've settled on the property and your stuck with a huge loan you're in a pretty rough spot right?

Yeah i understand all that about the STCA My main question which you answered was can you be sure a property is developable before you commit to the purchase and i guess the answer is no you cannot be 100% which is why the research into the market and surrounding are is so important?

I have just recently obtained finance to purchase a property for my very first subdivision, now i know a bit but certainly not everything when it comes to purchasing a property for subdivision and development so i have some questions. 1) When purchasing the proper which is subject to council...