Prestige Homes & Interiors

Frequently Asked Questions

What is a Joint Venture in Property? 

A joint venture in property is where two or more parties enter in an agreement to work towards developing the property, but still remain separate entities. Each partner will contribute either money, land or expertise. Where the builder seeks seeks partners to invest in the development project, the builder will usually provide the expertise and funding and the other party will provide the land.  

What is a Joint Venture Agreement?

A joint venture agreement between parties can be created as a partnership, a trust, a company or any other arrangement.

What is the advantage of a Joint Venture?

A Joint Venture between parties allows the each party to combine their resources and expertise to develop the property. 

Can my property be developed?

Prestige Homes and Interiors will review your property at no cost to you to determine if the property is suitable for a dual occupancy or multi-dwelling development. This will include but not limited to examining the property title to review restrictive covenants, easements, planning overlays, State and Local council regulations and the gradient of the land. 

What is a multi-dwelling development?

A multi-dwelling development is the construction of an additional home to the rear, front or next to an existing home (which may also be renovated by Prestige Homes and Interiors) utilising available land; or the demolition of an existing home and the building of two (dual occupancy) or more custom homes.