Subdivisions Made Simple
. I also have no experience in land subdivision and would like to understand these deals better.
Many of our clients are not experts on subdivisions & never will be, yet they do some huge subdivisions. So why would you be any different.
Not sure you need an expensive course to do a subdivision. They are quite straight forward especially if you start small i.e. 2 lots (straight Torrens Subdivision).
Multiple lot Strata Subdivision aren't too taxing either especially if its an existing multi unit building.
Start by doing your own research on line. Determine what the zoning is for your proposed lot. Then the key documents you need to look for are the Planning Codes (DCP, LEP) that relate to your site. Once you have done this call the Duty Planner at the Local Council / Local Authority & discuss what you can & can not do with your proposed site.
Town Planners, experience in your target area are experts at working out which Planning Codes apply to your property & what the mean. The other key person that prepares the subdivision plan is a registered / licensed surveyor. Both are good people to get to know & talk to early & their consultation fees are not high.
It you have a property that warrants multi lots (not a simple Strata) then talk to the Town Planner before the Registered Surveyor.
If you are considering purchasing a building & then strata titling the lots for individual sale then make sure Council are OK with your proposal before you purchase the site. Some places look fantastic for strata subdivision / subdivision on paper yet Council have different ideas for the site.
The best developers in the industry don't know the details with regard to subdivisions. They just know how to do initial research, check out planning codes on line, pick up the phone & talk to council & then pull in some key consultants (surveyor & town planner usually). These are skills you probably already have.
Sure you can become an expert in subdivisions determining optimum strata lot configuration, common property, owners corporations, stratum's, community titles, development lots, company titles etc. Maybe you want to be a "green field broad acre subdivision" specialist. But why bother. Just get clear on your outcome objectives & get the right specialists in to sort out the details for you. Go for the best you can find, then hang on to them.
Keep in mind that you make your profit when you buy, so be creative, do your figures (feasibility) & your due diligence!!!
Spend you hard earned $$$ on consultants & building your project tram rather that on becoming a consultant yourself!!!
There you go, there is a course in Subdivisions in 30 seconds & it was free!!!