https://pdonline.brisbane.qld.gov.a...tyMaster/default.aspx?page=wrapper&Key=454207
So, after running head first into the excitement of 'developing' and getting a reality check of just how difficult things can get, albeit we definitely didnt take the easy route! now left with the difficult decision of what to do now and accepting the fact that I know very little and could really do with your help.
We bought in June 2013. House in DCP, agent said couldn't get demo, no use to developer etc and it had a lot of retention issues that we renegotiated purchase price on.
I did some checking on the city plan (after purchase, had no previous experience with this) and acceptable solutions seemed to say we could. Spoke to some town planners. We lodged to demo in aug 2013 and got knocked back. Planner said not to lodge demo and dev at same time, good advice! We got lawyers involved and after 10 long months and lots of costs, got approval for demo
Selling agent came back and offered us 1.2 when we hear we got the demo but so keen to build we said no.
Lodged for 13 2 beds.
We have had many, many bumps in the road and we were sure it was not going to get across the line, several times...
Cannot look like 3 story and must have character, fit with streetscape etc this was in meetings before we even lodged so complete redraw!
More natural light
Bin collection not feasible
More deep planting/ would have halved the size had council landscaper got that one
Make it look like 3 story???!!!!
We were watching the market going up and up very unsure if this would get across the line and didn't want to miss out any longer so bought 2 properties using herston rd as security.
We are now a mill short on build costs with what we can borrow (est roughly 3m for total build and costs add to that the purchase and demo costs) but very unsure of what it would take to get someone interested in JV (my project manager suggested this) and if we want to stay invested in it, such a great location for units, we think!
If we sell, not sure what it is worth as have had 3 agents say anywhere 1.2 to 1.5, how to put a price on it?
How difficult would it be to sell by 'trading' for some units and is this feasible?
(This was our pension plan originally, to hold all)
Land banking ? Until hubby gets another job! (YEP, he wants a break for a while)
What other scenarios can we look at?
We only got approval yesterday (almost 2 years later and so much has happened to affect our plans) and my mind is just racing with what to do so am throwing a lot of mixed thoughts around and would love some grounding!!
So, after running head first into the excitement of 'developing' and getting a reality check of just how difficult things can get, albeit we definitely didnt take the easy route! now left with the difficult decision of what to do now and accepting the fact that I know very little and could really do with your help.
We bought in June 2013. House in DCP, agent said couldn't get demo, no use to developer etc and it had a lot of retention issues that we renegotiated purchase price on.
I did some checking on the city plan (after purchase, had no previous experience with this) and acceptable solutions seemed to say we could. Spoke to some town planners. We lodged to demo in aug 2013 and got knocked back. Planner said not to lodge demo and dev at same time, good advice! We got lawyers involved and after 10 long months and lots of costs, got approval for demo
Selling agent came back and offered us 1.2 when we hear we got the demo but so keen to build we said no.
Lodged for 13 2 beds.
We have had many, many bumps in the road and we were sure it was not going to get across the line, several times...
Cannot look like 3 story and must have character, fit with streetscape etc this was in meetings before we even lodged so complete redraw!
More natural light
Bin collection not feasible
More deep planting/ would have halved the size had council landscaper got that one
Make it look like 3 story???!!!!
We were watching the market going up and up very unsure if this would get across the line and didn't want to miss out any longer so bought 2 properties using herston rd as security.
We are now a mill short on build costs with what we can borrow (est roughly 3m for total build and costs add to that the purchase and demo costs) but very unsure of what it would take to get someone interested in JV (my project manager suggested this) and if we want to stay invested in it, such a great location for units, we think!
If we sell, not sure what it is worth as have had 3 agents say anywhere 1.2 to 1.5, how to put a price on it?
How difficult would it be to sell by 'trading' for some units and is this feasible?
(This was our pension plan originally, to hold all)
Land banking ? Until hubby gets another job! (YEP, he wants a break for a while)
What other scenarios can we look at?
We only got approval yesterday (almost 2 years later and so much has happened to affect our plans) and my mind is just racing with what to do so am throwing a lot of mixed thoughts around and would love some grounding!!
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