hi all
just looking for some general feedback
in the process of settling on a house in the fair city of wanneroo (WA)
the land is 1100sqm approx,
zoned R20 (need 900sqm to subdivide)
Existing house can be retained with minor modification
now wanneroo have been in the planning stages for re-zoning for 5+ years... and the land may be re-zoned to R40 .... at some stage.....maybe during my lifetime... but who can say for sure as perth moves so slowly!!!
if (and its a big if) rezoned we could potenially build 4-5 villas on the site
so..... what would you do???
1) subdivide now (and kick yourself later for not holding off longer)
2) wait for rezoning.....and wait...and wait.. and wait..... until the city finally decide what they are going to do?
so is the metaphorical 'bird in the hand worth 2 in the bush'?
just looking for some general feedback
in the process of settling on a house in the fair city of wanneroo (WA)
the land is 1100sqm approx,
zoned R20 (need 900sqm to subdivide)
Existing house can be retained with minor modification
now wanneroo have been in the planning stages for re-zoning for 5+ years... and the land may be re-zoned to R40 .... at some stage.....maybe during my lifetime... but who can say for sure as perth moves so slowly!!!
if (and its a big if) rezoned we could potenially build 4-5 villas on the site
so..... what would you do???
1) subdivide now (and kick yourself later for not holding off longer)
2) wait for rezoning.....and wait...and wait.. and wait..... until the city finally decide what they are going to do?
so is the metaphorical 'bird in the hand worth 2 in the bush'?