Can I send you round to my inlaws OA? They're in a fully paid off '70s house on a 900+sqm block in an area where 70's houses are worth $320-350k but if you knock one down and plunk 3 townhouses on, suddenly you've got three things worth $400-500k.
My money is on them never, ever doing it, and complaining ever after that they don't live in an $800k house in Burnside. While picking on us for living in the country. We the offspring can't sway them at all.
What, you want my blood pressure to go up? I have enough problems with my gang of gutless wonders
The trick is to get them excited about it though, and make it sounds super easy (it isn't super easy, the council will make you cry at least once a week) and get them to make baby steps in taht direction - since the house is paid off, they aren't losing money through interest etc so sway them to put plans in to the council "just in case" or "to improve the value of the land" (since land with good, approved plans is always worth more). Then after you get that done (in Adelaide with those beaurocrats on steroids, 6 months easy) start taking them to open inspections of gorgeous houses/get some quotes ffom builders etc and they mentally start spending the money/living in the new beautiful house in their heads, and then one day they might cave in and do it
Which area is this by the way? Sounds like the west side to me. I can't wait to move back to Adelaide by the way - so cruisy