Originally Posted by
malb
What are the development prospects for your place John, any chance of unit permits etc. We sold our 1/2 acre in North Croydon with permit for 6 units last year for $1m, bought ourselves a fixer upper in Alexandra as temp accomm and a future rental, and a 2.5acre vacant site to build on 3mins out of town. If there is demand for unit sites and council will play ball, you could make way more for your retirement by getting the permit, selling holus bolus, and relocating to a place adequate for your needs. All up our permit took 13months and cost around $15k for planning consultants and council charges. A dual occ permit often comes out to around $10k, we were told.
Don't know what happens in your area, or what your planning/zoning etc is, but worth considering if viable.