The Great Australian Dream of a home on a quarter acre block has been under siege in recent years from rising property prices and a shortage of land close to city centres. In typical Aussie can-do fashion, many property owners are discovering the value of their own backyard. This month’s Snapshot looks at popular ways to develop or subdivide existing housing blocks and the tax implications.
As always, if you would like to discuss the contents of this article or how developing your residential property might affect your own tax position please give us a call.
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