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QLD Legal Height SE QLD

Discussion in 'Where to Buy' started by MrsNixba, 28th Aug, 2015.

  1. MrsNixba

    MrsNixba Well-Known Member

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    Are people considering this when buying in Logan and surrounds? Or is it not a primary concern?

    Gives potential for dual occ - have people got stories on ways they've achieved this - is it worthwhile?

    @Nixba and I have recently purchased a 3,1,1 house on a large block that's just under legal height by about a foot - would you dig down to get the lower level in? Or just use the large block to put a granny flat out the back instead?

    So much potential - but my fear with QLD is always oversupply... why would somebody rent what is effectively a basement when they can rent a whole house for similar money and still retain their privacy?
     
  2. Azazel

    Azazel Well-Known Member

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    Hey @MrsNixba , some QLDers are highset for a reason. Plenty of people got in trouble with their developed downstairs areas after the floods.
    And insurance no likey.
     
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  3. MrsNixba

    MrsNixba Well-Known Member

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    Thanks @Azazel - I can see the topic has been touched on a bit through the forum, but always as an incidental conversation to something else.
    Obviously I have a lot more homework to do, but I'm thinking the idea isn't all it's cracked up to be!
     
  4. Azazel

    Azazel Well-Known Member

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    If you've already bought somewhere, there's no harm in doing the research.
    Hopefully you investigated the flood maps etc?
     
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  5. Azazel

    Azazel Well-Known Member

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    Not sure of the specifics, but I don't think you'd be able to just dig down, the support posts would be exposed or stick out...
    It should be more straight forward to get the house raised to legal height.
     
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  6. MrsNixba

    MrsNixba Well-Known Member

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    @Azazel - Yeah the flood thing is fine - all the other houses in the street are already done. Ours is one of the last still standing above the ground. To be honest, adding in a second occ below was never a question until the PM started carrying on about 'potential' and pointing at all the neighbours - but seeing as she would benefit from a higher rental income on the property I took it with a grain of salt. Just got me thinking about something I hadn't previously considered.
     
  7. Azazel

    Azazel Well-Known Member

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    It's possible, it could also make sense to increase the rent in the future by raising it to create a real garage, an extra bedroom and a rumpus/living area and/or another bathroom.
    But the demographics would have to drive your decision, not the other way around eg. make sure it's what people want and are willing to pay for.
     
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  8. Leo2413

    Leo2413 Well-Known Member Premium Member

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    I agree. This is so important - to understand the demographics of the area you are considering, imo.
     
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  9. Azazel

    Azazel Well-Known Member

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    Yeah, considering it's Logan, it might make more sense to create a dual occupancy than a single big upstairs/downstairs house with rent that no one can afford. But you would have to do the research.
     
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  10. Leo2413

    Leo2413 Well-Known Member Premium Member

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    A little off topic but Look at the demographics for this suburb in Sydney. After one glance it would seem pretty obvious to me what dwelling type to be buying into, imo. It answers the questions often asked "should I be buying a house or unit etc in so and so suburb"

    demo.PNG
     
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  11. Richard Williams

    Richard Williams Buyers Agent - Southeast QLD Business Member

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    In Logan nothing much to rent at $250 a week or under (it would be a very average 2 bed flat, I spoke to one couple yesterday paying $350 a week for a 2 bed 'flat' from a converted house) so I think a new 2 bed granny flat would get $300 a week with half decent tenants. Not sure I'd be lifting or digging below a highset to get it to legal height, I'd think a granny flat would be better if the block is suitable.
     
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  12. Special order

    Special order Well-Known Member

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    This is the best answer in this thread

    Get yourself a decent pm do your research and it's obvious the answers.

    Lots of investors on here with stock in Logan achieving premium returns with non legal height highsets. They are the ones you want to talk to and get advice off
     
  13. Azazel

    Azazel Well-Known Member

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    I didn't know we were getting rated, I'll try harder next time }:>(
     
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  14. Samten

    Samten Well-Known Member

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    Yeah bit like my school reports ......Could try harder :)
     
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