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Subdivision Perth r35

Discussion in 'Development' started by Newbie89, 18th Apr, 2016.

  1. Newbie89

    Newbie89 Member

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    Hi all

    So happy to find this forum again. I used to follow somersoft but stop due to relocation to Perth and the forum got closed.

    Anyway I am looking to subdivide my block (side by side). Proposed lot would be 8.5 x33 so verry narrow. I just got the contours and Feature survey done. This is my first time so I have very little knowledge

    What's the next step? Thinking of built strata and survey strata on completion to speed up but someone here mentioned it's worth it to go green title.
    Would you use project Builder or custom?
    Also I need to demolish carpot under main roof. Would it be expensive?

    Much appreciated for all the advices.
     
  2. Big Daddy

    Big Daddy Well-Known Member

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    Yes green title is only a few k more. I'm not sure if you can do survey strata with no CP. @Westminster
     
  3. HD_ACE

    HD_ACE Game-Changer Premium Member

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    Yes you can.

    OP: some areas the difference in perception and values is not that far from each other, in other areas it could be great. Best to research this in your area to see if the extra time, holding costs and development costs are worth it to go green title.

    Cheers.
     
  4. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    What zoning is it @Newbie89 - I'm guessing R25 or above?

    Anyway depending on the area and demographics will help you decide whether you go green or survey strata/built strata. Green and survey strata would be done before building and built strata would be done after.
     
  5. Newbie89

    Newbie89 Member

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    Hi Westminster it's R35, I probably go with project Builder. Some of them have quite good designs for the block. They can do proposed lot as well so I might save surveyor cost there.
    I might go with built strata as I will retain to rent out.
     
  6. Aaron Sice

    Aaron Sice Well-Known Member

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    you don't have to strata if income is the game, unless the bank want you to.

    saves the whole land tax thing.
     
  7. Newbie89

    Newbie89 Member

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    Great idea Aaron, I just have to make sure the block is set up correctly to split it when needed. Apparently there are a few banks out there value built strata as survey. I just have to check .
    Also it seems a lot of members here use Land Vision for surveying,
    but all the builder I met used Cottage. Is cottage not good? Just curious.
     
  8. HD_ACE

    HD_ACE Game-Changer Premium Member

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    Cottage are good. Have used them before. They tend to focus on working with builders, brokers etc rather than the one off client. Have also used vision surveys which do a great job. Probably can't go wrong with any of those three.
     
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  9. sanj

    sanj Well-Known Member

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    what's the price point of end product? that will also help you a bit re built/survey/green title.

    also, be careful of using project builders for a lot needing a more customised approach, eg skinny lot, bad orientation, slope etc.

    I've done 2 side by side homes on 6m each and if I'd gone to a project builder it would have been crap and cost me more in reduced end value vs savings from using them
     
    Aaron Sice likes this.
  10. Newbie89

    Newbie89 Member

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    Hi sanj. the builder is drawing up a plan and hope to get it under 220k for everything (demo subdivide build). As mentioned above.,I'm keeping for negative gearing but I think new house around me selling for 450k on 300Sqm block
     
  11. Aaron Sice

    Aaron Sice Well-Known Member

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    Build strata needs an exclusive land component same as survey since 2013; so that makes sense.
     
  12. Aaron Sice

    Aaron Sice Well-Known Member

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    I use Vision too.
     
  13. QbiK Evolution

    QbiK Evolution Well-Known Member

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    +1 for vision again