Our goal is cash flow positive/neutral, and manufacture equity over time by subdividing a larger size block.
We are looking at a house on land size 847m. 19m street frontage, 45m deep. Or is it 50. Anyway, it's big and it's wide. Now...is it TOO wide and big? It eats into our land tax exemption. What't the minimum land dimensions does anyone know, in NSW, for a subdivision to put another home/units in the backyard?
Our criteria for subdivision is:
1. 15m + street frontage (is it the local council who sets this criteria?)
2. level or near enough
3. Existing house is solid, needs no renovation bar a lick of paint and perhaps carpets but otherwise nothing.
4. then the usual criteria for desirability for liveability.
We are looking at a house on land size 847m. 19m street frontage, 45m deep. Or is it 50. Anyway, it's big and it's wide. Now...is it TOO wide and big? It eats into our land tax exemption. What't the minimum land dimensions does anyone know, in NSW, for a subdivision to put another home/units in the backyard?
Our criteria for subdivision is:
1. 15m + street frontage (is it the local council who sets this criteria?)
2. level or near enough
3. Existing house is solid, needs no renovation bar a lick of paint and perhaps carpets but otherwise nothing.
4. then the usual criteria for desirability for liveability.