Subdivide and conquer

From Stratawise

Introduction:

Would you like to get more buck for

your block? If you want to reduce your

home loan, downsize or simply rent or

sell unwanted land – it is possible. But

it is a serious process and requires

some research.

What we’ll cover:

• Where to start with subdivision.

• Types of subdivision.

• Council requirements.

• Planning permissions.

• Costing.

A good place to begin is the

government website. You’ll need to

know exactly what’s involved in a

subdivision project.

For Perth and WA, the Department of

Planning in partnership with the WAPC

(Western Australian Planning

Commission) have put together the ins

and outs of subdivision, with lots of

information including, plans, policies

and applications.

Getting started…1.

“Exact

requirements

differ from

council to

council, but

they are usually

easily

accessible on

your local

website.”

Look around your neighbourhood, are

there many subdivides in your area?

It is a good indicator whether your

local council are happy for you to

divide your lot, and it also helps you

value your property when it comes to

selling or renting.

Begin by…2.

“You can cash

in on your

block and build

two low

maintenance

lodgings,

wither one

behind the

other or side-

by-side.”

A dual-occupancy development is a

good way to begin your property

development portfolio and the simplest

dual-occupancy project is to build a

duplex.

3. A duplex development…

A duplex development gives you the

potential to:

• Rent both properties out.

• Sell both homes and pocket the

profits.

• Move into one of the units and sell.

• Rent the second out for some

additional income.

4. Perfect potential

“The best thing

to do is to

consult an

expert before

you start

planning.”

This can be a complicated and often

time consuming process to accurately

determine the correct zoning for your

block.

5. Planning permission and

regulations involved

Every plan is different. Depending on

the available space, its size and shape

can limit you to what you can build.

Why not share your ideas with the

experts at Stratawise and see what

options they can come up with?

Time to start planning6.

“A subdivided

property value

can vary

depending on

the location of

your lot and

whether you’re

in a sought

after area.”

You may not be using the extra space,

or feel the need to downsize, but

realistically you are creating a duplex

to produce a profit.

As long as you choose a value builder

and planner that will meet time frames,

produce quality work and are on a

fixed-price contract, then in the long

run, you will certainly be better off.

Costing7.

A triplex is a development that involves

three homes being built on one block

of land.

With many Perth suburbs now allowing

you to build three units on one site, it

could be an ideal property

development opportunity for you.

A triplex development…8.

“R30 is

generally the

most common

zoning type

required for a

triplex

development.”

A triplex can present design and

development constraints that need

particular attention. But as long as

you’ve done your research, or are

working with a company with

experience, then it won’t be an issue.

Planning permission and

regulations involved9.

The right plans for your block will

depend on the size and shape of the

available space, so take a look at what

you’ve got and put together some

initial ideas of how you envisage the

plot with three homes.

Planning ahead10.

This is exactly the same as building a

duplex – whereas in the short-term it

may not be a cheap process, but it is

certainly a long-term investment that is

pretty much guaranteed to make you

money.

Why not ask Stratawise for their advice

and see how much profit you could

make?

Triplex costing11.

The most common subdivision, and a

great way to get started with property

development, is to create a duplex.

Although the design you choose

should reflect the shape and size of

your block, as well as what you want to

achieve from your subdivision.

Summary:

Summary:

Now you know how to pick your plot,

and what to look for in a builder, you’re

well on your way to moving into your

dream home. For more help and

advise, visit Stratawise.

4.