So if you have been following this story you will know:
2008 / 9 s The land is cleared with bulldozers and logged the area within a month of receiving title. the owner tells us all it is a farm. We are in rural residential area with vegetation covernant, so the bulldozers slip through the net and the SCC condones the clearing.
2009 / 10: A 3 bedroom house is built and a dam. No electricity is connected and nobody moves in.
2011: Subdivision is announced and a public road is put in to service 7 new blocks. Owner tells us there will be couple of new houses built for rent.
By my reckoning, building homes to rent does not add up, unless their is a Unit Trust linked with a superannuation, in which case you can avoid paying tax on millions that you make selling from selling the remaining blocks.
http://www.ato.gov.au/businesses/content.aspx?doc=/content/00179876.htm&page=32
This is unbelievable!! I saw some of the 'destruction' happening before my very eyes during a visit in July 2010. Keep up the fight! (and good luck) Esther in Adelaide Sept 2011
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