Ok my guess is to look for similar land only values in near by neighbour hoods.
Then look at the original house and sum up how much it will cost to renovate and then using Market Value to estimate a value?
Then what stage of subdividing is the most profitable? Council approval, council submission and subdivision of title paid for, subdivided and new house built on secondary title?
I find this much easier in QLD where property values are very much in a less volatile market.
Then look at the original house and sum up how much it will cost to renovate and then using Market Value to estimate a value?
Then what stage of subdividing is the most profitable? Council approval, council submission and subdivision of title paid for, subdivided and new house built on secondary title?
I find this much easier in QLD where property values are very much in a less volatile market.