My partner and I are looking into buying a block of land soon and like with all things I'm doing all the research before I do anything. I'm trying to work out what the yearly land rates will cost for a given undeveloped block and as such require the RID (rate in the dollar value) for each given council. So far I have only found the rate for Hume on their website and Mitchell through my aunt, but every other council is tight lipped about it for some reason
Any thoughts where I can obtain them from?
Selling FG G6E Turbo and buying a N/A Supra
Give the council a ring?
Tried. One said they didn't have it on recordDoes that mean it's not on myspace where she was looking?
Another asked why I wanted it, when I told them they said I would find it out if we moved there when we got our rates...........
Only thing worse then ringing the council is blooby VicRoads![]()
Selling FG G6E Turbo and buying a N/A Supra
there is more than one factor that determins rates, it's not so much a rid value, that is only one part.
my house for example, 355k, my rates are 3k yearly.
it consistes of heaps of things, my council is the gold coast city council.
the link is below, they take all these things into consideration.
i would prop sugest talking to other owners in teh area if you are in a position to. see what they pay each year in rates, that will be a good rough guide of what you can expect to pay.
dont fall behidn in your rates, councils can resume your land/house if you fall behind. and they do.
Gold Coast City Council - Rates
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i live in whittlesea shire ill ask dad, as he works for them he might know a bit more
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Mill park prices are through the roof, Mernda isnt too bad (we could be neighbours lol) and Wallan isnt too bad either, havent checked out crazyburn yet
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Visit the local real estate agents??? They should have some idea..... well maybe.![]()
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^^^ As above, real estate agents normally advertise that sort of thing as part of their promotional stuff when selling properties.
Rates on my undeveloped block are around $300 per year. Land is valued at $150,000. That might give you some kind of indication. When you're looking at land, have a look at the section 32. There will be a copy of a previous rate notice.
I don't mind paying rates but what ****s me is I pay $15 odd a month to Melbourne water for drainage even though water or sewage isn't even connected!![]()
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That's an extremely small block!!! Maybe you should look more to the south east. My block is 1200 square metres and I paid 145k.
All the rates and other charges are included in the section 32 which must be prepared and given to the buyer before any land can change hands. Ask to read the section 32 when you view the property.
Reaper
Yeah I know so it doesn't matter where the block is. That's why I suggested different areas
I reckon Drouin would be a good place to look or even as far as Morewell/Moe.
Get heaps of land for next to nothing and if the expansion continues at the present rate down in Pakenham, I'm betting blocks down that way will be worth quite a bit in 5 - 10 years.
I'd be looking into it myself if I wasn't up to the eyeballs in Debt.
some councils hit you with higher rates if you hold the land and don't build on it.
my council, moreland in victoria does that to developers.
i wouldn't imagine most would tell you how they calculate rates. they like to keep that stuff secret.