Hi,
I'm looking at purchasing a 3 story house in QLD with ocean views and a pool. It would be pretty straight forward to split it into 2 or 3 separate self contained apartments (we would sometimes live in one of them) and rent the other one or 2 out to strangers permanently. What sort of thing should we look out for here? is it as straight forward as i hope? What does council require you to do? We don't intend on Strata titling it. The real estate agent said he has a lot of these types of set up's on the management books and most of them aren't council compliant etc. But who knows who to believe really.
Any advice or potential hurdles/road blocks that we don't know about would be greatly appreciated!
Thank you.
I'm looking at purchasing a 3 story house in QLD with ocean views and a pool. It would be pretty straight forward to split it into 2 or 3 separate self contained apartments (we would sometimes live in one of them) and rent the other one or 2 out to strangers permanently. What sort of thing should we look out for here? is it as straight forward as i hope? What does council require you to do? We don't intend on Strata titling it. The real estate agent said he has a lot of these types of set up's on the management books and most of them aren't council compliant etc. But who knows who to believe really.
Any advice or potential hurdles/road blocks that we don't know about would be greatly appreciated!
Thank you.