With a supply of properties available in Perth’s established suburbs that have been subject to rezoning, subdividing is an appealing proposition for first-time and experienced developers.
Whether you are looking to subdivide and develop to sell and maximise your return, or to build your property portfolio, there are a number of questions you need to consider before you buy that dream block.
Choosing Your Block
This is one of the most important steps to consider. The questions below should be considered before put an offer on a block.
- What is already provided on the block – water, power, sewer, gas connections? Are relocations for these services required? When looking at the power, do you need to consider any costs for underground power?
- Is the block currently strata-titled, and if it is, will this restrict my design ideas?
- What is the ‘fall’ on my block? Does it slope from front to back?
- Is my block soil or clay? If it is clay, this could add additional costs to the budget for site works.
- Consider the orientation of the block for design purposes.
And, equally important are questions about the location of your block.
- What is the surrounding infrastructure?
- Are there amenities in the immediate area – consider schools, parks, shopping centres and public transport.
- Is the general population of the area increasing or decreasing?
- What changes are planned for the future that could affect your development? Planned road widening, noise impact and split zoning should all be researched.
Make sure you try to identify any unforeseen difficulties you may come across with your block of land. This may not stop you from purchasing, but you will be armed with all the facts, and can manage your budget appropriately, to ensure you maximise your return.
Understand the R-codes
The revised Residential Planning Codes, or R-Codes as they are known, have created a range of new development opportunities. The R-codes indicate how many dwellings can be built in a specified area.
The R-codes take the block size into account, and provide for street frontage and any required setbacks. The R Codes regulate what you can build and the number of residential units allowed to be built on a block of land.
Make sure you check with the local council to confirm the zoning of your block. This will provide you with the right information to ascertain the type of development for your block.
The different types of development options are:-
House behind house
It can be easy to misinterpret the R-codes and speaking with the experts will help you make an informed decision.
It’s important to partner with a building company that specialises in residential developments and will be able to provide advice on the best development solution to meet your needs.
When you partner with the experts, you will have peace-of-mind knowing you are getting the best design solution and maximising your return potential.
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