Subdividing property involves dividing one larger lot of land into several smaller titles. For property investors or developers, this represents an excellent opportunity to maximise your income. Divided land can have several units built on it to provide more rental income than a large property could. By dividing your land, you can also sell the lots separately for additional profits.
Redividing property may have its advantages, but you also need to follow strict subdivision laws which can change from state to state, city to city or even suburb to suburb. Missteps in the subdivision process can be costly and time-consuming, and there are subdividing costs that you will need to consider even if everything goes right.
For the clearest information, guidance and services regarding subdivision in Melbourne, talk to Just Conveyancing. Our property conveyancing professionals are experts in the subdivision process and can ensure the best outcome for you.
While the process will differ from area to area and application to application, here’s what you can generally expect from subdivision.
Even when the process runs smoothly, subdivision costs can reach thousands of dollars or more. When you consider the legal processes, applications and documentation involved, your timeline and budget could easily blow out.
Just Conveyancing offers subdivision advice and complete management of the legal aspect of subdivision. From correct documentation to strict lodgement times, we provide precious savings throughout the entire process.
To enquire about subdivision costs and our subdivision conveyancing services, call 03 9557 1557 or leave us a message online.