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Swarup Dutta
- Jul 1, 2018
- 1 min
Vegetation- a complex problem
Recent interactions with different councils in Victoria have exposed uncertainty in decisions made or to be made by councils. Take the example of a duplex in an area undergoing strong demand for housing. The proposed duplex had two trees on the nature strip- these belong to council. The common driveway breached less than the 10% of the Tree Protection Zone (TPZ) allowed under Australian Standards. That formula is accepted across Victoria and VCAT. However this "super smart"
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Swarup Dutta
- Jul 27, 2015
- 2 min
How much will a Dual Occupancy Cost
The following costs are associated with developing your land with a dual occupancy- tandem or duplex style. The cost of acquisition of the land if you do not own it The interest or holding costs Your share of equity or the deposit which is usually 10% of the cost of the property Stamp duty which is 5.5% in Victoria and 12% for overseas interests plus FIRB fee Legal costs for conveyancing which could be in the vicinity of $1000 upwards Town Planning Application fee which is ar
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Swarup Dutta
- Jul 27, 2015
- 2 min
Dual occ Vs Non Dual Occ investment returns
This is an extract from a Certified Practicing Accountant- David Shaw. It shows the cash positive opportunities a dual offers for a retiree or a first home investor. One of the most significant and positive development I have seen during my 4000 interviews over the past 10 years is the dual occupancy property. The dual occupancy is simply a property with two sources of income. Some Local Councils will allow a 3 bedroom and a 2 or 1 bedroom apartment to be constructed on the
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