As demand for land increases due to population growth or residents wanting to live closer to the center of the city, subdivision has increased in popularity. Subdivision divides an existing area of land into two or more segments. This allows for separate properties to be built on these new segments.
Prospecting for new, feasible development sites is hard. Which is why Real Estate Investar is excited to be partnering with Archistar. We aim to make identifying and assessing small scale property development opportunities as quick, painless and accurate as possible. We are thrilled to be adding Archistar's deep-dive property development software to our already powerful suite of tools to make property development easier for investors. Level the playing field and use the same platform that Mirvac, Frasers and other major property developers are using to assess their next site! Real Estate Investar members will have access to the Archistar "Starting Out" package with the following features: National access Find Sites - search, site details, filter and digital planning library Map Visualisations - base package which includes zoning, overlays, heritage, building height, contours, flooding, bushfire and basic satellite imagery Assess Sites - quick estimate (residual land value) and due diligence reports Domain Listings and Suburb Insights Commercial Real Estate Listings
Subdivisions are a great strategy to manufacture equity and provides property owners with a number of options - land banking, sell the land or build to sell and/or hold. Read more about 2 lots on 1 title lots and also download an exclusive free suburb report identifying suburbs with the highest percentage of listings for sale with 2 lots on 1 title
Widow blocks still currently exist and allow property owners to subdivide the lot in to smaller blocks. This is a great strategy to manufacture equity and provides property owners with a number of options - land banking, sell the land or build to sell and/or hold.
Subdividing a property provides potential high returns to property owners but there are also higher risks to be aware of. This is a great strategy to manufacture large amounts of equity and can be implemented to an existing property in your portfolio as long as it meets all of council's requirements. This blog will cover the pros and cons of subdividing a property.