I am embarking on a small development in CQ- adding 3 (subject to council approval) new houses (hopefully standalone) onto a residential block of land with the existing house remaining.
The plan is to strata title them however have been told this can't be done until the houses are built (building format? survey). This would be no good for finance as last I heard is that banks wont' lend for more than 2 houses on one title (without going into Commercial territory).
Are there any banks allowing 4 dwellings on 1 title under residential lending?? that would be the easiest way around this?
If not is there a way I can sub-divide the land first and have titles issued for each strata'd block of land?? I know you can buy strata titled land in Perth. Would this be community title?
If anyone on here has experience with this can you please help me!
Many thanks
Fiona
The plan is to strata title them however have been told this can't be done until the houses are built (building format? survey). This would be no good for finance as last I heard is that banks wont' lend for more than 2 houses on one title (without going into Commercial territory).
Are there any banks allowing 4 dwellings on 1 title under residential lending?? that would be the easiest way around this?
If not is there a way I can sub-divide the land first and have titles issued for each strata'd block of land?? I know you can buy strata titled land in Perth. Would this be community title?
If anyone on here has experience with this can you please help me!
Many thanks
Fiona