10 Tips to Make Sure Your Subdivision is Profitable
The FAQ's of Subdividing
How do you subdivide a block?
What is Subdivision?
Subdivision is a popular method of releasing the financial equity in your property. This process is broken down into eleven steps and our specialist staff are here to support you through the process, working in close partnership with you every step of the way.
Subdivision involves designing a development layout for your property that meets your local council’s town planning policy framework, and also complies with the regulations governing Victorian subdivision, commonly known as Rescode. The local regulations vary from Council to council meaning that a subdivision proposal in the Monash or Boroondara Council area may not receive support in neighbouring Whitehorse Council or nearby Banyule Council or Glen Eira Council. It is important to engage a professional with local experience before commencing to avoid common pitfalls.
There is no one Council that is more ‘difficult’ to work with than another to get a subdivision approved but it is true to say that the processes vary between each so you should engage a professional firm with local experience and relationships. You can read some of our success stories by clicking on the photographs on the left hand side. Once we have obtained subdivision consent from your local council we must then connect the newly created block(s) to the sewer, electric and water infrastructure.
Property Owner Obligations
As the owner who benefits from the value of a newly created block of land it is important that you be aware that you must pay to connect the newly created block(s) to sewer, electricity and water infrastructure prior to the sale of the land. This connection process and the cost cannot be passed to a purchaser of a new block and the connection process must be completed before the new title for the block can be released. Our experts have completed this connection process on behalf of our clients in a number of metropolitan suburbs including for each of the success stories on the left hand side of this page. We will ensure your connections and processed in an efficient manner which will save you time in completing the project.
Meeting Conditions for Planning Permit Approval
When all of the conditions of your council-issued planning approval are met, we can then obtain property titles for the newly created lot(s). Titles cannot be obtained until all conditions of your Council approval are met. The conditions on your Council approval will vary from Council to Council but our team know the conditions of Monash Council, Boroondara Council, Whitehorse Council, Banyule Council and Glen Eira Council intimately and can tell you exactly what is required to obtain the titles for sale. On obtaining titles this land can then be sold to a new owner or held by the current owner for investment purposes.
Get Assistance with Subdivision Planning Approval
There are various elements to be considered when subdividing land or buildings. These include:
- Real estate prices in your local area to determine whether the project will be profitable;
- Knowing the associated application costs of the Council and the infrastructure connection when completing a subdivision;
- An effective development layout so that the maximum value of the land is achieved;
- Being aware of any existing site features, such as trees and easements, which may restrict the subdivision potential of the land
Our team has the vision, creativity and demonstrated industry experience to exceed your expectations and deliver a fantastic return on your investment. Take the stress out of your subdivision project by letting our experts complete the project efficiently and successfully.
We work with the councils shown in grey below: