Hi all,
I've come across a very good deal for a 3 acre block (a little over 12k sq/m) on the edge of a town which includes full town services and the ability to subdivide it. A very good price too.
My immediate thought is to break it up as community title and build a gated retirement village for independent retirees on it and charge a body corporate for upkeep of the grounds etc. The town concerned is relatively close to Sydney and close to transport facilities etc.
But then again, i could subdivide it and sell off the blocks separately and/or build on the blocks to sell off individually.
For those that know me, a gated community is my style and thought for the future - as with a community for independent retirees. This is current knowing that the NSW government is proposing in offering stamp duty exemptions for over 65's who are downsizing and buying off the plan.
So my question is, what would be the best future outcome? I cannot afford to develop this block now and am willing to hold onto it for a few years. But would i be better in doing a gated community for independent retirees as community title or breaking it up and selling it off separately (after i subdivide it all).
Thanks
g
I've come across a very good deal for a 3 acre block (a little over 12k sq/m) on the edge of a town which includes full town services and the ability to subdivide it. A very good price too.
My immediate thought is to break it up as community title and build a gated retirement village for independent retirees on it and charge a body corporate for upkeep of the grounds etc. The town concerned is relatively close to Sydney and close to transport facilities etc.
But then again, i could subdivide it and sell off the blocks separately and/or build on the blocks to sell off individually.
For those that know me, a gated community is my style and thought for the future - as with a community for independent retirees. This is current knowing that the NSW government is proposing in offering stamp duty exemptions for over 65's who are downsizing and buying off the plan.
So my question is, what would be the best future outcome? I cannot afford to develop this block now and am willing to hold onto it for a few years. But would i be better in doing a gated community for independent retirees as community title or breaking it up and selling it off separately (after i subdivide it all).
Thanks
g