Can you sub-divide and sell the land?

[Angel13]

If you bought an old house with a huge block say 1200m2 can you sub-divide and then sell just the land or do you have to (is it compulsory) build on it first and sell it with the house?

As far as I know in Canberra as a general rule you can sub-divide if the property is older than five years and the block is bigger than 800m2 unless of course there are special conditions attached.

 

[Aaron_C]

Of course you can but you need to put in the services for the vacant block.

 

[bashworth]

Make sure you know what the subdivision costs are before you buy. A simple low cost subdivision can cost $20,000 If issues like stormwater detention crop up costs can easily be $50,000 or more. (See: http://www.anewhouse.com.au/2013/03/subdivision-costs/)