Completing a subdivision is a smart way to create profit in a relatively short time that can be used to purchase further property, or to recycle into another venture.
Finding suitable subdivision sites is difficult work. It requires countless hours of searching, calling agents, talking to council planners, engineering consultants, town planners, market research and negotiation. There are many hidden traps for the unwary when it comes to subdivisions. Have you considered subsidence, run off, easements, covenants, sewerage, water and electricity access? Are you familiar with the local DCP (Development Control Plan) and other restrictions on land use? What are the section 94 developer contributions?
As you can see, completing a subdivision is not for the ‘newbie’ investor. It is for investors that have some level of comfort with risk and are prepared to work with professional consultants to achieve the most profitable outcome.
To work with propertybuyer using the subdivision strategy you will need to meet the following criteria:
Using our extensive networks and research skills of our buyers agents, we identify suburbs and regions where completing a subdivision is worthwhile. Not all locations are equal. We look at the supply and demand situation. We examine whether there are any significant developments about to take place in the area that could affecting local market pricing. Once we have identified the right area, when then focus on finding suitable sites that would allow a profitable property subdivision.
COMPLETE YOUR PROPERTY BRIEF
The next step is to complete your Property Brief. This will help us not only start researching listings which cater to your specific needs, but also match you with the buyers agent most experienced in your category. Once you've filled in the form and hit send we'll contact you to arrange a meeting where we can discuss your choices in more detail and talk about the next steps.