House relocation cash or cashed?

Discussion in 'Innovative Property Investment Techniques' started by JKWS, 10th Dec, 2015.

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  1. JKWS

    JKWS Well-Known Member

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    Has anyone got experience in this or have any stories to share?

    Recently I was told from a mate in NZ about a gentlemen slowly but surely making a hefty profit from collecting old houses or houses from earthquake areas, lifting, splitting and relocating, renovating and on selling?

    Makes sense to me, but it's not happening in Aussie?

    Any reason as to why?
     
    Last edited: 11th Dec, 2015
  2. thatbum

    thatbum Well-Known Member

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    How do you know its not happening?

    Its not a common strategy, but I believe there's been peeps on this forum that have done it before.
     
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  3. Bran

    Bran Well-Known Member

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    No earthquakes?

    Screen Shot 2015-12-10 at 8.16.14 pm.png
     
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  4. 4point5million

    4point5million Well-Known Member

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    Common in regional areas
     
  5. JKWS

    JKWS Well-Known Member

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    I'd imagine so, but it's strange. I've been active as a builder for 7 years in regional NSW and have yet to see anything.
     
  6. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    A story on this just tonight on ACA....The company sold her the old timber home and her land is ready and she has paid them. But they wont fit it on the land. She is in limbo and cant enforce it. Its a civil issue.
     
  7. wylie

    wylie Moderator Staff Member

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    As far as inner Brisbane is concerned, I think this is mainly due to the fact that there are new builds going up everywhere, box style, not old queenslanders, just a fashion I think inner Brisbane these days?
     
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  8. Bran

    Bran Well-Known Member

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    I think... Most houses that are allowed to be taken down are not worth moving (i.e. post war), and most houses that are worth moving are not allowed to be (i.e. character infills, heritage overlays etc)

    (Edit; I think we are talking about different things - oops)
     
  9. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    @RPI (pretty sure it was RPI) used to have clients in Brissie who would try and sell the houses for removal on blocks they were subdividing rather than demolish.
    For people in the right location it can be a very good way to get a house cheap.
     
  10. LifesGood

    LifesGood Well-Known Member

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    I'm in WA and never heard of it being done. It's almost impossible to lift up a concrete slab & double brick home and move it!
     
  11. Perthguy

    Perthguy Well-Known Member

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    Home - Mackay and Sons - House Removals
    Removal Homes, Brisbane, Houses for Sale, Qld Colonial Houses, Queensland
    Melbourne
    Golden Age Homes
    About Us - Kilmore House Removers

    Ok, so not as nice as the other homes but ...

    Relocatable Transportable 2 bedroom home | Other Real Estate | Gumtree Australia Kalamunda Area - Maida Vale | 1089943141

    It has definitely been done with plenty of the old weatherboard homes around the place: this home in Nedlands was moved from Kooyong Road in Rivervale

    Google Maps
     
  12. Azazel

    Azazel Well-Known Member

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    You would need to find someone who remembers the Newcastle earthquake I guess.
     
  13. Ed Barton

    Ed Barton Well-Known Member

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    There's a 'house yard' on the bruce hwy just north of Brisbane. It's like a car yard but has houses on the lot instead of cars.
     
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  14. Azazel

    Azazel Well-Known Member

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    Is that the one run by the people in the recent API?
    There was a thread were they linked to something dodgy they did I think... will have a look for it.
     
  15. Scott No Mates

    Scott No Mates Well-Known Member

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    We'd sold a couple of 1940's (post war/limited character/fibro) houses back in the 1980's.

    Plenty of resistance from council to reuse of old materials back then.

    The street needed to be wide enough, house sufficiently accessible underneath etc.
     
  16. JKWS

    JKWS Well-Known Member

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    The house yard just south of Brisbane is the removal company that was featured on both ACA and API magazine. They fell into trouble due to owner sickness and didn't deliver a paid house!

    It's funny as I started this thread API magazine hosted their 2 page article, however still not much info on developers making bucks!

    Sounds like it's feasable and draining- I'm looking for deals over this year so the theory will be put to test!
     
  17. Azazel

    Azazel Well-Known Member

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  18. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    People have moved the older fibro homes in WA from time to time that are on stumps.
     
  19. Perthguy

    Perthguy Well-Known Member

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    Or the old weatherboard homes. I know someone who moved a weatherboard behind another in Vic Park then renovated them both. They looked spectacular at the end of the renos.
     
  20. LifesGood

    LifesGood Well-Known Member

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    FYI I was being facetious :)
     
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