Subdividing land is becoming increasingly common in inner city suburbs around Melbourne. Investors list the use of existing land, potential for higher collective financial return, and the ability to keep one or more properties and sell remaining dwellings, as the most appealing benefits of land subdivision. However, potential difficulties easily arise.
Wise Real Estate Advice enhances the subdivision experience from the purchase of land through to the sale of new residences. The team at WRA are familiar with individual council regulations to ensure land intended for subdivision adheres to all compliance requirements before embarking on the process. Research is thoroughly conducted to investigate any covenants related to the property, as well as in depth area reviews to ensure the most viable use of land. The reviews consider the type of dwellings most suitable, such as dual units, townhouses or semi-detached residences.