Hi all
Thanks for the response, yes we have considered renting/leasing a space but felt for the time we plan to live here (many years!) it would be more beneficial financially to transfer the additional space to the one unit.
The building is 2 years old so I think that the parking allocation permitted under the DA did require a minimum number of spaces averaged between the different unit sizes (1,2 and 3 bedrooms + visitor spaces). I imagine if this is indeed true of the DA we don’t really have any chance at transferring the space…
If we can transfer – is stamp duty payable on the additional value it is deemed to be worth to the single unit? I see that there are considerable other costs possibly involved as per Whales comments (subdivision, new strata plan etc) and I imagine it may be many more thousands..
Cheers
Brendjca
