Unlocking Value through Land Divisions: A Strategic Guide

As the population grows and preferences for living in certain areas intensify, land divisions are becoming a more popular and viable option for property owners looking to increase their wealth. Whether you’re considering subdividing land you already own or are thinking about purchasing a property specifically for subdivision, understanding the process is crucial to success.

Step-by-Step Guide to Land Divisions

  1. Early Consultations: Start by consulting with your conveyancer. For land divisions, it’s equally important to engage with a surveyor and check local council regulations regarding block sizes early in the process. These professionals play pivotal roles in navigating the complexities of land division.
  2. Surveyor’s Role: Your surveyor will evaluate the potential for dividing the land and assist in estimating the costs involved. The costs can vary depending on the number of plots you intend to create and the type of titles you are aiming for (e.g., Torrens, Strata, or Community Title).
  3. Drafting Plans and Approvals: The surveyor will then guide you through drafting the necessary plans and obtaining approvals from relevant government bodies. Your conveyancer will need copies of these plans to proceed with the next steps.
  4. Conveyancer’s Involvement: As your conveyancer, we handle the legal aspects, including liaising with banks for mortgage consents, developers for encumbrances, and other interested parties. We ensure that all requirements are met and submit the final documentation to the Lands Titles Office to officially create the new titles.

    Considerations and Timeframes

    Land division is not a quick process. Removing existing structures on the property, if necessary, and negotiating required consents can extend the timeframe. Typically, the process takes 6 to 12 months, but for larger projects involving more than 50 plots, it could extend further. If your project includes building and selling dwellings on the new plots, anticipate an additional 12 to 24 months to complete.

    Why Engage Early with Your Conveyancer?

    Involving your conveyancer early in the process is critical. They provide crucial legal guidance, help coordinate with other professionals, and ensure that your land division complies with legal standards. If you need surveyor recommendations or more information, we have excellent contacts and can facilitate introductions.

    More Information

    For more detailed insights into land divisions or to start your land division journey, feel free to visit our website or contact us directly. We’re here to help you navigate this process and maximize the potential of your property investment.

    Book a Consultation