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Non Approved Dual Occ - QLD Highset

Discussion in 'Property Management' started by Shady, 9th Nov, 2015.

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  1. Shady

    Shady Well-Known Member

    Joined:
    20th Aug, 2015
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    163
    Location:
    Sydney
    Just looking at putting in an offer on a property in the north of Brisbane. Top level has separate entrance and 4 bedrooms currently owner occupied. They lease out the ground level for $160w cash which is a 1 bedroom.
    I know this is not council approved...What are the issue I may need to overcome..ie 1 electricity metre, insurance, property manager refuses to assist.
     
  2. Greyghost

    Greyghost Well-Known Member

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    23rd Jun, 2015
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    Location:
    Melbourne
    All of the above, plus the ato if you are wishing to continue leasing out one part on a cash basis.
     
  3. KayTea

    KayTea Well-Known Member

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    10th Aug, 2015
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    285
    Location:
    Brisbane
    I had massive issues with a set up similar to this at the beginning of the year. And finance wouldn't get approved, either, so I wasted a lot of time, money and effort on this. Run for the hills….. :eek:
     
  4. Shady

    Shady Well-Known Member

    Joined:
    20th Aug, 2015
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    Location:
    Sydney
    Thanks,
    some of these can be overcome, ie declare the income, install second electricity metre, get another property manager....Not sure how if any insurance company would go for it though...

    Does anyone currently do this successfully?
     
  5. RPI

    RPI Property Lawyer, Town Planner Business Member

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    19th Jun, 2015
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    712
    Location:
    Brisbane
    We may be able to get it through by changing the classification of the building from class 1a to class 1b and selfassess Rooming Accom. Sometimes it can be expensive to change the building to comply with the code. I would allow $6k if hardly any changes required and up from there.