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Hey Brendon, great post! I've a question on Heritage Overlay. Is there any Heritage controls restriction around Sunshine?
Hey Brendon, great post! I've a question on Heritage Overlay. Is there any Heritage controls restriction around Sunshine?
Well done Brendon.. How you go about sourcing the other site?
Documentation for subdivision is almost finished.
If subdivision paperwork for more than 2 units is submitted to Land Victoria, an owners corporation will automatically be created. This means you have to use specialist insurance and deal with a load of rules, procedures and silly stuff.
All designed for a subdivision being shared by different owners. Very reduntant when you own everything.
Had a chat with consumer affairs who where very helpful and the only real requirements if you own all of a subdivsion are
-imaginary ATMS (no joke)
-public liability insurance
-reinstatement replacement insurance
If you plan on later selling a part of the subdivision, you will need to do some work in advance so there is a genuine owners corporation for the new owners to join.
Getting quotes from CHU and GIO and will update this post with the numbers later.
Documentation for subdivision is almost finished.
If subdivision paperwork for more than 2 units is submitted to Land Victoria, an owners corporation will automatically be created. This means you have to use specialist insurance and deal with a load of rules, procedures and silly stuff.
All designed for a subdivision being shared by different owners. Very reduntant when you own everything.
Had a chat with consumer affairs who where very helpful and the only real requirements if you own all of a subdivsion are
-imaginary ATMS (no joke)
-public liability insurance
-reinstatement replacement insurance
If you plan on later selling a part of the subdivision, you will need to do some work in advance so there is a genuine owners corporation for the new owners to join.
Have two quotes:
CHU - $1,074.32 for building value $530,000, $10 mill public liability etc etc
GIO - $422 for building value $530,000, $20 mill public liability, $500 excess etc etc
-imaginary ATMS (no joke)
Hey Brendon
Congratulations on your achievements to date and well done to you.
Could I ask what the site coverage is on your block?
Hi Brendon,
what is ATMS? I can't figure out the acronym
603m2. That data is on the first line of the first post in this thread with all the other basic information.
I got that acronym wrong, should be AGM (annual general meeting)
603m2. That data is on the first line of the first post in this thread with all the other basic information.