Happy new year all!
During this break, I had time to slow down and thinking about the future. I am flirting with the idea of selling my current house and buy a lifestyle block with a subdivision potential.
Plan is to live there and hopefully in 10-15 yrs from now the land will be ripe for subdivision and redevelopment.
Now, what I don't know and I am looking for some advise is to know how much does it cost to redevelop the lifestyle block for a housing estate and what that cost consist of? eg. surveyor, infrastructure such as road, power and waste etc?
is the process is the same as subdividing a land from 1 into 2?
I know it's a "how long is a string" question, but any rough idea or people with some experience would be appreciated.
During this break, I had time to slow down and thinking about the future. I am flirting with the idea of selling my current house and buy a lifestyle block with a subdivision potential.
Plan is to live there and hopefully in 10-15 yrs from now the land will be ripe for subdivision and redevelopment.
Now, what I don't know and I am looking for some advise is to know how much does it cost to redevelop the lifestyle block for a housing estate and what that cost consist of? eg. surveyor, infrastructure such as road, power and waste etc?
is the process is the same as subdividing a land from 1 into 2?
I know it's a "how long is a string" question, but any rough idea or people with some experience would be appreciated.
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