Develop Older Home - M2?

Discussion in 'Investment Strategy' started by 2020 Property Investor, 17th Jan, 2020.

Join Australia's most dynamic and respected property investment community
  1. 2020 Property Investor

    2020 Property Investor Active Member

    Joined:
    13th Jan, 2020
    Posts:
    37
    Location:
    Sydney
    Hi There,

    Looking at established properties in Brisbane with the idea of knocking down in a few years for redevelopment into duplex or townhouses.

    Just wondering what the typical M2 required to build a Duplex/townhouse is roughly 7-10KM from the CBD?
     
  2. Leeroy93

    Leeroy93 Well-Known Member

    Joined:
    26th Jan, 2017
    Posts:
    181
    Location:
    Brisbane
    The end product will depend on the zoning of the land and council. For BCC (brisbane city council), duplexes are prohibited, however you can achieve a similar result via subdivision in LDR zones or LMR zones (townhouses and units) via strata. Its an expensive exercise to do so however so you need to consider all the costs, not just assume its a great strategy based on the end value and purchase price. It can take a while to understand the lingo and acronyms.
    https://www.brisbane.qld.gov.au/sites/default/files/20170703_rfs_residential_zones_fa_tagged.pdf
    https://www.brisbane.qld.gov.au/sites/default/files/20170703_rfs_subdividing_land_fa_tagged.pdf
     
  3. 2020 Property Investor

    2020 Property Investor Active Member

    Joined:
    13th Jan, 2020
    Posts:
    37
    Location:
    Sydney
    Thank you for that information. This is useful
     
    Leeroy93 likes this.

It seems that the levelling out of property price rises hasn’t deterred celebrities from investment properties. Nicole has bought her fifth apartment in a complex in Milsons Point in Sydney. This article explains why she may have done that.