Quick question, have you decided on the strategy which best suits your goals, budget or experience for 2021, or are you undecided? Here are 4 ideas to get you started:
1.Splitter Block
The common splitter block in Brisbane is an 810m² parcel of land, which is usually already in two regular shaped 405m² lots on one title, with an existing dwelling straddling both lots. So no development approval is required.
The site can be maximised by either sliding the existing house over on to one of the 405m² lots, or removing it completely.
This creates two options:
An existing house on a 405m² lot, plus a vacant 405m² lot to the side
Or two new 405m² vacant lots
Developers may either choose to sell and / or build.
Allow 6+ months for this strategy.
2.Sub-Division
Sub-division consists of creating two or more new lots from one large parcel of land. This could be the common side by side configuration, a “battle-axe” configuration or a larger multi-lot subdivisions where new roads, kerb & channel and lighting may be required.
The land can be on-sold vacant or a new “house and land” package created. This strategy requires a development approval, and will involve a town planner, surveyor, civil engineer, civil contractor etc.
Allow 12+ months for this strategy.
3. Townhouses / Units / Duplexes
Often referred to as “multi-unit dwellings”, this is where an existing house site or vacant block is maximized through development approval and construction. The density is increased from two to multiple dwellings via a duplex, units or townhouses.
These can be sold for profit or retained to lease out, or a mix of the two. This strategy will involve a town planner, surveyor, architect, civil engineer / contractor, builder etc.
Allow 18+ months for this strategy.
4. Development Approval Uplift
A suitable zoned block (with or without a dwelling on it) is acquired and value is added to the site by obtaining a Development Approval (or DA) from council to increase the density. The DA could be for a basic 2 lot subdivision, through to a large townhouse development or multi lot subdivision. The site is now deemed more valuable due to the approval in place to increase the density, which can be on-sold with the DA in place for a profit.
Allow 6+ months for this strategy.
If you would like to connect with us directly to find out how we can help you find a specific property, please call Steve on 04050 50942
Be the first of your friends to like this