Hi All,
First time poster and potentially a reluctant property investor.
We?ve recently purchased a 1012sqm (zoned R20) property in Perth with an initial intention of building a family home whilst preserving the ability to subdivide in the future. For a number of reasons we?re now contemplating developing this property and will more than likely hold the property for rental yield.
Can someone please provide a rough guide on the cost of building a 3*2 and a 4*2 duplex pair? I understand that there is a wide variation in costs, but we're contemplating something of average quality with some nice touches (i.e. potentially stone top kitchen). An unfinished house cost would be sufficient, as we already have a feel for finishing, subdivision and site work costs. Does anyone have a view on the prospect of developing side by side rather than the typical battleaxe development (20m frontage)?
There is a current rezoning proposal before council which would see the zoning change from R20 to R25. My basic understanding of the R code is that this does not change the prospects of the site (i.e. only a duplex site). Is there anyone that can confirm my understanding?
Thanks in advance and thanks for all of the other great tips on here!
First time poster and potentially a reluctant property investor.
We?ve recently purchased a 1012sqm (zoned R20) property in Perth with an initial intention of building a family home whilst preserving the ability to subdivide in the future. For a number of reasons we?re now contemplating developing this property and will more than likely hold the property for rental yield.
Can someone please provide a rough guide on the cost of building a 3*2 and a 4*2 duplex pair? I understand that there is a wide variation in costs, but we're contemplating something of average quality with some nice touches (i.e. potentially stone top kitchen). An unfinished house cost would be sufficient, as we already have a feel for finishing, subdivision and site work costs. Does anyone have a view on the prospect of developing side by side rather than the typical battleaxe development (20m frontage)?
There is a current rezoning proposal before council which would see the zoning change from R20 to R25. My basic understanding of the R code is that this does not change the prospects of the site (i.e. only a duplex site). Is there anyone that can confirm my understanding?
Thanks in advance and thanks for all of the other great tips on here!