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I already have an IP in Girrawheen. Do you think Mirrabooka has a chance at being rezoned soon?
speculating?
all suburbs have development potential pockets within them.
you need to understand your market to see the bargains. anyone can grab a corner duplex lot and put two houses on it, which is why you pay more and make less with this approach.
there's plenty of development opportunity in Coolbellup, likewise Midland, likewise Edgewater, likewise Fremantle.
Recently saw a small 180sqm R60 lot in Hamilton Hill for $310k (overpriced!) - but that can yield a pair of 2x1s.
You need to know your suburb of choice. Look at how sanj, westminster, MTR, sash operate.
Look at any of the newer estates (Baldivis, Clarkson, Southern River) and find the blocks with the higher R40+ densities and see if they have a single dwelling covenant on them or not. If they don't then find one that can do a duplex/triplex etc
it is, but that doesn't change the number of dwellings, only the number of titled dwellings.
design a 4x2 as a dual key pair of 2x1s and add 60% to your rental return.
Where can I find this information? Intramaps doesn't seem to be working for me
So the bank will still value as a 4x2.
Is there any extra requirements for parking?
Where can I find this information? Intramaps doesn't seem to be working for me
Im assuming a title search which will show the existence of a covenant and can be costly. Some large estates should have a list of their covenants freely available. Anyone know where to search for them?
yes mate - it can never be titled separately (without redoing the entire strata sub plan) so it will always be a single title.
no more parking req'd than a 4x2.
You apply as if a multi dwelling, just dont sep title. Local Govt has delegated auth over build strata anyway. Not sneaky or deceptive, just two dwellings on one title. Can easily be sep metered and serviced.
Anyway, this is getting OT. The point is there is opportunity in every suburb, hot or cold, north or south, east or west.
Pretty sure I know the Hammy Hill one and it's survey strata
vmmg1992 : there is quite a few sub $400k if you are willing to go a little higher risk, vacant land or outside the square. Look at any of the newer estates (Baldivis, Clarkson, Southern River) and find the blocks with the higher R40+ densities and see if they have a single dwelling covenant on them or not. If they don't then find one that can do a duplex/triplex etc
Hi guys, sorry in advance for stupid questions but I'm getting really confused. So i know you can build a 4x2 and seperate into a 3x1 and 1x1 on an R20 Lot as long as the Lot is 450sqm in size.
What are the reqs for an R30 or R40 Lot? For example, if I had a 375sqm Lot zoned R30, with no single dwelling covenant, could i build a normal 4x2 and convert into a 3x1 and 1x1 with no issues in shire?
Or if I had an R40 Lot which was only 300sqm, could I build a 3x2 and convert to a 2x1 and 1x1 with no issues in shire?
Sorry if these are confusing questions, I'm just doing my head in reading the r-codes over and over..
Are you talking about ancillary dwellings? Those rules are separate from the residential zonings.