Aug 29, 2021 6:01 pm
Many years ago I heard my family member refer to a process of ‘giving’ half of your block that would be suited for sub division. In return the company build two houses, one for owner of the land and one for resale the company profits from.
Has anyone heard of this process before? If so what is it called?
Re: Subdivision building - cost effective build2
Aug 31, 2021 6:24 pm
Those days are long gone where you can trade half your block for an equal unit in a new development
A. Your zoning has potential to increase ( Perth R60-R80 Optimised development, min 3 storey, high density, within the golden triangle, etc,etc)
B. You are in a sort after area.. land valve >$3K/m2
C. Block is a third of an acre (1386m2)
D. The developers will double their investment-> Profit.. you may come out of it with a small 2S home at the back
Here's an example
5x 3S units selling $1.5m each
1x 2S unit overvalued at $1.2m to land owner...you take no risk therefore no reward
Data on the net if your interested in the math
Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs
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