If you are planning on developing your land for sale or construction of residential property, it is important for you to understand land subdivisions. As implied, this is the process of dividing land into smaller sections. The objective is to make the pertinent piece of land easier to sell or even develop. Here is a short description of the most critical aspects of land subdivisions that you should understand.
Number of Subdivisions
You cannot subdivide your property to conform to your personal or financial preferences. There are rules that govern the number of lots that you can create before proceeding with the sale or development. Generally, the capacity to partition any property will depend on the size of the lot and zoning. In simple terms, the established zoning in the Town Planning Scheme map in your region will dictate the allowed residential density. Therefore, you will have to check the maximum number of dwellings accepted for your property as well as lot area requirements.
In some cases, a property might fall in between two zones, each with different maximum number of dwellings allowed per unit area. This is known as dual density coding. Normally, the property will be assessed using the lower density standard when you apply for subdivision for development or sale. However, you can apply to the local council if you would like to have more lots that conform to the higher density. This assessment is performed on an individual basis, so you will not get an automatic review.
There are different ways in which properties can be subdivided to create smaller lots. It is important to consider these methods because they will determine the long-term results of the subdivision. The three main forms of subdivision are freehold, survey strata and build strata subdivisions. In general, the freehold and survey strata are utilised when the pertinent property is vacant. If there are already established buildings on your lot, your property will be subdivided using the built strata option.
If your property is vacant, you will have to choose between freehold and survey strata. Freehold subdivision is also known as green title. This subdivision option allows a large piece of property to be divided into small lots, each with a separate land title. The survey strata subdivision will create separate parcels of land, but they will all be under one land title. You should discuss your subdivision options with your licensed land surveyor and determine the best match, based on your future applications.Share