Call David Whait on 0407-613-055 to book your FREE consultation
If you’re looking for a Subdivision Expert in Perth to help you with your development, you’ve come to the right place.
I’m David Whait, expert Property Developer and Subdivision Consultant, and at iDevelopWA we specialise in subdividing blocks and helping clients maximise their return on investment.
If you are interested in exploring the subdivision of your block and want to find out what’s involved, what can be done with your property, the possible returns on your investment and how I can help manage the process from start to finish, I invite you to call me on 0407 613 055 to chat about it all.
Subdivision Frequently Asked Questions (FAQ)
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The most common subdivision is where an existing dwelling is retained and a new title of land is created behind producing what is commonly known as a ‘Battle Axe Block’. There are also occasions in which a retain and build can be on the side of an existing house, however this is a rare occurrence as this type of subdivision traditionally can only apply to a corner site.
Land owners have several choices with the approach of subdividing, some of which are:
- Subdivide the land and sell off the newly created vacant land.
- Subdivide the land and then build a new dwelling on the newly created vacant land.
- Construct a new dwelling on the available vacant land, the subdivision work is completed during the construction period, and the physical subdivision and ultimate issue of new titles is completed after construction is completed.
Subdivision of land occurs when a parent lot is split into smaller lots. This often occurs in areas where the zoning has changed via a new Town Planning Scheme or scheme amendment. For example, the zoning may have been R20 previously and the change of zoning to R40 now allows the block to be split. Zoning varies in every suburb and also within the suburb. The zoning density generally increases as you get closer to main roads with bus routes or train stations and also in proximity to activity hubs such as shopping centres.
The process for options 1 and 2 are via survey strata and option 3 is via built strata.
Whichever option you choose will be subject to several things, such as how much equity you have in the original land, how much cash you have available and also your borrowing level.
iDevelop WA has the expertise to work through the option that suits your position the best, as well as putting you in touch with the best finance people available, who understand how finance works best for you and the different subdivision options.
Whilst the finance relating to subdivisions and developments is not particularly difficult, it is very important to work with finance experts who understand what each bank needs and which will work best for your financial situation.
It is important to recognise that not all banks are the same and what one bank might not offer to do for you another will likely welcome your business. Too often there are stories of one bank not approving a loan and another happy to approve the same loan. Different banks have different rules for subdivision and development, so finding the right one for you is important for you to maximise your rewards for effort.
Need Financing to sub-divide? Click here to learn more about our new service option.