If you operate a self-managed super fund, you can invest your retirement savings in property provided the property is acquired for the sole purpose of providing retirement benefits to fund members. If you need to borrow money to fund the purchase, you will also need to comply with the Superannuation Industry (Supervision) Act 1993 rules on limited recourse borrowing arrangements.
The risks associated with undertaking your own conveyancing as a seller is that if you omit or overlook any document or disclosure that is required to given the purchaser may avoid the contract and you may still be liable to pay the estate agent’s commission.
The cost to subdivide land will vary greatly depending on whether you subdividing into two (2) or more lots. For a two (2) lot subdivision, you can expect to pay anywhere between $15,000 – $20,000 which includes surveying costs of about $5,500, permit fees of $2,000, utility connection fees of $6,000, legal fees of $1,000 and registration fees of $1,500.
