Would love to see more contributions here. I’m a newbie looking at purshasing my first property on my own after divorce settlement.

As the prices in WA have skyrocketed over the past couple of years, the only way I can see myself getting a few IP’s under my belt, is to buy, chop up, retain part, sell most and keep on doing the same for a while.

It is a mind boggle all the different things you need to take into account when purchasing a property for the sole purpose of subdividing. My advise is to talk to a local surveyor/planner for an hour. They aren’t necessarily cheap bu they will tell you everything that needs to be taken into account and budgeted for.

A big “cost” to consider is the contribution that the local council will require you to make for loss of open space. In my area if you subdivide the lot into three or more you have to contribute 10% of the land value to the council for public open space. Definitely made my sums look a little different when looking at potential purchases.

Good luck ,

Cat