In recent years, the price of Australian property has skyrocketed. If you’re lucky enough to have a big backyard, your land could be ripe for subdivision. This post outlines how to subdivide your property, and what you need to know to potentially make a profit.
Subdivision means dividing your property into two or more lots. To do this, you could:
Over the past few decades, our overall population has increased, while the size of each family has decreased. This means:
Before you go any further, there are some key questions to ask:
To be viable for subdivision, your block of land should:
Once you’ve done your own assessment, call in an expert. You could speak to a surveyor, certified town planner, or an experienced builder. They can advise you about zoning, overlays, and minimum lot size. Planning overlays identify features of the environment that might be impacted by a new development. In some cases, subdivisions may not be permitted due to protected vegetation, flooding, bushfire risk, or the location of heritage buildings.
With the help of your builder or surveyor, it’s time to put together a development proposal. You’ll need to outline how you suggest splitting the land and show plans for a proposed house, driveway, and car parks.
Subdividing your land is a complex endeavour but can be well worth the effort. As Australia’s number 1 rated national home builder, G.J. Gardner Homes has proven project experience coupled with local expertise and can help you through the process.