Can anyone provide a link or information as to how you can work out the land value for town houses / units ? I am trying to work this into a calculation to see how many properties I can buy in QLD without needing a trust. Thanks Logan
A basic rule of thumb for house and land is half the price or less. If you are looking at property for sale the contract will have the rates notice attached. The unimproved land value for rates will suffice. The REA should assist if you ask..their job to sell! For apts and townhouses it can vary a bit but under 50% is typical esp out of Syd and Melb.
thanks for the reply @Paul@PFI. For most houses I can work it out from 'on the house' but I am unsure how I can establish the land value for town houses / units. I will try asking agents directly, I don't want to appear to be kicking tyres and wasting their time.
It is on your rates notices, also referred to as UCV Unimproved Capital Value. Can show up on RP Data etc
The agent will expect questions about income and expenses to be incurred by a buyer. Relax and be confident in your agent dealings.
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