All Topics / Help Needed! / Residential Subdivision – Where to start

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  • Profile photo of SuzieCSuzieC
    Member
    @suziec
    Join Date: 2012
    Post Count: 2

    My owner occupied properrty is scheudled to be re-zoned to Res1. (vic) I am wanting to explore myoptions for doing my own residential subdivision (12 acres + exisiting residence).  Problem is, where to start.  I have so many questions!  Firstly, under what financial structure should I look at? Ideally I would like to sell existing property to my own company or trust (free up some initial $$ to build elsewhere and rent the existing home).  Then theres the big 'what are the development costs per block? – there's probably a ball-park $$ rule of thumb?  Perhaps I should look at getting an expert company to project manage the whole thing… Who are the reputable companies?  Who are the go-to people for financing?  The big 4 banks?  I know there will be sharks out there, I'd like to avoid them :) Would greatly appreciate any 'pearls of wisdom'. 

    Profile photo of Stacey SurveyingStacey Surveying
    Participant
    @stacey-surveying
    Join Date: 2011
    Post Count: 138

    Hi Suzie,

    Firstly welcome to the forum! You’ve got quite a few questions so I’ll try to sort them out for you.

    There’s numerous financial experts on the forum, if you see the finance section there’s quite a few experts floating about. (Jaimie M, terryw, shape, qlds007) to name a few. You’d probably be best shooting those guys off a pm, or posting a topic in the finance section.

    With respect to the subdivision part it’s up to you who to contact first. Surveyors and Town Planners are normally the first point of call. I would highly recommend speaking with Breece or christianb (Town Planners) on the forum here for a feasibility study before you start spending the money. Private planners are much better than the council planners, as they’ll give you a straight answer to your development feasibility.

    If you have any queries on the subdivision part, feel free to ask!

    Cheers,

    Profile photo of SuzieCSuzieC
    Member
    @suziec
    Join Date: 2012
    Post Count: 2

    Hi Ashley
    Thanks so much for your advice.
    … The journey begins …

    Cheers
    SuzieC

Viewing 3 posts - 1 through 3 (of 3 total)

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