Perth is well known for its urban sprawl. Stretching almost 150km from Two Rocks to Dawesville, it’s one of the longest cities in the world. There has always been plenty of talk about curbing the sprawl and making strata development easier but very little action… until now.
Councils, like the City of Joondalup, have brought in Local Housing Strategies to cope with the rising demand for housing. Zoning laws have been amended to allow more homeowners to subdivide their blocks and build other dwellings. The stats clearly show that Perth residents prefer living in houses rather than apartments or townhouses. In the greater Perth region, houses make up over 70% of the dwellings, with apartments and townhouses making up less than 20%.
So, now that the government and councils are making it easier for people to subdivide their properties, are you ready to cash in?
Strata Vs Green Title Subdivision
If your block meets the requirements for subdivision, your first step should be to talk to a strata development specialist. They’ll explain what type of development is best for your block and budget.
Strata Title Subdivision
The word strata is commonly used when referring to multiple dwellings on one property. In this instance, a block that undergoes a strata title subdivision means individuals share ownership and responsibility of common areas, such as a driveway and mains connections. There are strict laws about what each property owner can and can’t do to their home and property. These laws are regulated by the Strata Titles Act 1985 (WA) and the Strata Schemes Development Act 2015 (WA).
Green Title Subdivision
If your block is divided into individual lots where there are no shared areas, this is a green title or freehold title subdivision. If you choose a green title subdivision for your block, the owners of each block are fully responsible for their parcel of land. Any improvements or upgrades to the land are the sole responsibility of the owner. If your block is big enough to fit two dwellings, this is the preferred method of subdivision.
Why it’s best to talk to a builder FIRST
There are plenty of good reasons to talk to a builder before you consider a subdivision of any kind. For starters, a builder can do most of the leg work for you from getting council approvals to project cost estimations. The experienced team at Blueprint Homes have completed thousands of subdivisions and can help you get started towards financial freedom.
What to expect from your builder
- A dedicated and highly experienced Strata Specialist
- Free consultation regarding your site’s development potential
- Free on-site assessment to maximising your investment opportunity
- Land Finder Service should you require land
- Recommendation for the most suitable design
- Complete budget and project costing, including feasibility analysis
- Re-zoning advice and guidance
- Assist with subdivision, demolition and all head works
- Assistance to obtain planning and building licenses
- Government and utility approvals obtained
- Detailed project timeline
- High-quality designed and constructed home/s
- Award-winning customer service
- Finance assistance
Remember, rental vacancies are at their lowest ever and the demand for new homes shows no signs of slowing down. Now is the time to take advantage of this opportunity and cash in.
If you think your block has potential for strata development or you want to find a block to expand your investment portfolio, talk to Perth’s strata experts at Blueprint Homes. Our Senior Design Consultant has over 25 years of experience in the building industry and has personally managed thousands of strata development projects across Perth. Whether this is your first venture into strata development or you’ve developed homes in the past, we’ll help you every step of the way.
