When purchasing a substantial piece of land, it’s important to have a plan for how you will develop it to meet your preferences, requirements, and to maximise its value in the long term. There are many options when it comes to developing, and you need to make a plan based on what your objectives in purchasing the land are. This is why many people choose the option of subdividing land, in order to achieve multiple blocks of land that can be developed individually in order to maximise the use of the space. If you’re looking into how subdividing land could help you decide how to plan out your land, this blog will step you through why you might choose to do one, and what a subdivision consists of.
What is a subdivision?
A subdivision is when a section of land is divided from a larger area or property. This is the process of creating separate land titles to enable individual sale for units, apartments, shops, and commercial or industrial buildings on the land. With land prices rising due to high demand, there has been a focus on dividing larger blocks to get the best bang for your buck.
Why would I consider subdividing my land?
A subdivision can be the best way to increase growth, and utilise all the space possible in the best way. It can also help speed up the zoning process, as the individual land packaging will be zoned as smaller sections rather than a large land piece, and can also help sell off land quickly which helps develop a completed area.
Can I subdivide my property?
When you’re making the decision of how to develop your piece of land, you must comply with requirements of your city council or any planning schemes in place locally. If you check in with your local Consulting Surveyor, they will be able to determine the requirements and the applicability of your property for a subdivision.
How big should my land be if I want to subdivide?
Regarding land size, you should be looking at land, or ensure your purchased land has at least 700 sqm in land size. This is something your local council will look at when deciding whether or not to give permits out, but it is important to check in with your local council and see what regulations or potential zoning needs they may be wanting to put in place before you make any complete development plans.
Regulations that govern subdivision of land
The first thing to consider is permits. City approval and issuance of a planning permit will be based on if your land can actually be developed, and then how it can be zoned as well. Zoning will always depend on what your needs are and what the city needs.
A planning permit application must be accompanied by the appropriate fees and supported by information that may include:
- An analysis of the site and adjoining properties.
- An assessment of the subdivisions impact on the neighbourhood.
- A Plan of Subdivision showing the lot layout and dimensions.
- Other information to allow council to assess the application.
Finally, before the subdivision can be finalised, a Licensed Surveyor must perform a comprehensive survey to determine the title location, mark the boundaries of all the lots, and prepare necessary supporting documents. Then, the certified Plan of Subdivision along with the Statement of Compliance and other supporting documents are then able to be registered by your states land department. New titles are then produced.
If you’re looking for land for sale and are considering a subdivision, whether its to boost your property value for investment or even just to create a dual occupancy, we can help direct you to the right places and get your needs list in order to figure out how you want to develop. Give one of our experts a call on 1800 184 284 or book a call .