Is there a general formula that can better show what holding cost are?
Im eyeing off a property in perth with proposed zoning which i like. However i wont be able to build or demolish on it for quite some time as will be limited with funds plus the zoning must be passed.
My understanding of holding cost are rates ect being paid yearly.
This place already has a place on it so id be looking to rent this out to help with payments then once passed and i have enough funds look to demolish/subdivide.
I just want to know what money i can make from it in the future ect and how much it will cost to hold. I do realise rates for different suburbs are all different but whats involved with those rates and what else is calculated into determination of the holding cost.
Looking for something like:
Holding Cost = Years x Rates x ???? X ???? Ect
Z6
Im eyeing off a property in perth with proposed zoning which i like. However i wont be able to build or demolish on it for quite some time as will be limited with funds plus the zoning must be passed.
My understanding of holding cost are rates ect being paid yearly.
This place already has a place on it so id be looking to rent this out to help with payments then once passed and i have enough funds look to demolish/subdivide.
I just want to know what money i can make from it in the future ect and how much it will cost to hold. I do realise rates for different suburbs are all different but whats involved with those rates and what else is calculated into determination of the holding cost.
Looking for something like:
Holding Cost = Years x Rates x ???? X ???? Ect
Z6