Hello all,
Got a question about local infrastructure charges.
My family have a 5 acre block under moreton bay council we have held for 30 years. Looking at subdividing into 9 blocks and looking at an infrastructure charges (headworks) of around $270,000. The council say that it is due "prior to the endorsement of the survey plan"
From my understanding this means a HUGE sunk cost before doing any work, and indeed BEFORE actual approval? How does anyone get a development done with such a high, upfront cost?
Surely there are ways, not around paying it, but at least offsetting it until the blocks can be sold etc?
Would love some advice from an self developers out there!
Needless to say the council didn't respond to my question about "how can anyone afford that"...........
Got a question about local infrastructure charges.
My family have a 5 acre block under moreton bay council we have held for 30 years. Looking at subdividing into 9 blocks and looking at an infrastructure charges (headworks) of around $270,000. The council say that it is due "prior to the endorsement of the survey plan"
From my understanding this means a HUGE sunk cost before doing any work, and indeed BEFORE actual approval? How does anyone get a development done with such a high, upfront cost?
Surely there are ways, not around paying it, but at least offsetting it until the blocks can be sold etc?
Would love some advice from an self developers out there!
Needless to say the council didn't respond to my question about "how can anyone afford that"...........