Property Development Australia: Beginners Guide to Subdividing Your House or an Investment Property

You might have an investment property or house with a large rear yard in Australia. Many people consider property development or more accurately: subdivision, as a way to unlock some profit without selling the property. Get more property and investment content to grow your knowledge by clicking 🔔 SUBSCRIBE: https://bit.ly/2ABxWz1

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This video is suited to a small-time prospective small-time property developer or someone who already owns a property. We will cover the costs of subdivision in Australia and the time it takes to complete. There will be an explanation of the contractors you need to consider for a subdivision (surveyor, town planner, civil engineer). Most importantly, there is a step by step guide on the whole development / subdivision process.

It is understandable if you've never done anything like this before that you're worried about what you should set as a development budget / feasibility. If you're keen to try a subdivision, it is a good strategy to pay off some debt or unlock some profit. By educating yourself on the process, there is less chance you'll trip up or have a cost blow out.

After understanding the process, you'll know the basic steps inc completing a subdivision. This way, you can determine if it is an option you'd like to investigate further.

The content of this video is further broken down as follows.

The early stages of a subdivision are to complete a feature survey of the land. The surveyor or town planner will complete a draft subdivision plan. An assessment fee will need to be paid in your State (NSW, WA, VIC, QLD, TAS, ACT, NT, SA). The government body will then provide a draft subdivision approval.

This often outlines a range of conditions which will need to be satisfied before you can obtain land titles. There are three common land titles which include Green Title, Survey Strate and Built Strata. Green Title is when all lots connect to a gazetted road and have their own connection to services. Survey Strata is part of a strata scheme, and it is common for the lots to chare utilities. Built strata is commonly for apartment development (not subdivision)

Once you have your draft approval, you will need to lodge any plans to modify the house or change the natural ground level of the soil. Structural changes may also include retaining.

The civil works for the land may include raking to 600 depth to remove tree routes and demolishing all structures on the land. You may not be allowed to demolish all trees (confirm with your local council). A geotechnical report may be needed in some states. This would then require further earthworks such as compaction.

Once civil works are done, you may need to consider the connection to utilities such as power, water and sewer. Fencing can also be installed at this point.

After completing all works on the property, it is common for a government inspector to come out and check the works are complete. They may also double check to ensure there is no damage to council land. At this point, your surveyor may go onsite to peg the final boundaries.

Once all government inspections are complete, the site is pegged, and any government fees are paid, you will be issued a clearance. This will allow you to complete your subdivision by applying for titles.

Видео Property Development Australia: Beginners Guide to Subdividing Your House or an Investment Property канала Kent Cliffe