David Fryer, East Lismore
I hear all the problems, eg; lack of government/ council money or infrastructure/ available vacant/ accommodation land.
However, my mother-in-law had to go into respite care, so I purchased her house site in Goonellabah. To maximise the value we decided to build 2×2 bedroom units and strata them.
The Lismore City Council initial costs were $7,160 (including $1,215 for a cycleway facility) plus $4,239 for development application (DA) fees, together with a quote of $30,482 for their S64 and S305. Then the engineer reports of $5,000 plus.
Costs-to-date are now $16,399 plus $30,482 to come. Total $46,881 before any building happens.
Might I suggest ‘the powers that be’ consider drastically reducing these costs to help the average investor who is trying to address the housing crisis?