Colin Fragar, our founder and CEO, shares the benefits and challenges of subdividing a dual occupancy.
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Or for those that prefer to read, here is a transcript of the video…
So how do you subdivide a Dual Occupancy?
My name is Colin Fragar from the Council Approval Group.
We have done hundreds of these subdivisions, if not thousands, for investors and savvy property entrepreneurs in the past. So I just wanted to share with you a few tips and tricks on how to subdivide a dual occupancy.
So the question, first of all, can you do it? The answer is yes. How hard is it? Well, you probably need somebody like us to pull it off because there are a few hoops to jump through. But if you can pull it off, it’s literally hundreds of thousands of dollars to your property portfolio.
Imagine you’ve got two dwellings, one title, you’re able to separate that through a Dual Occupancy subdivision. Imagine how much extra value you would be able to sell those two separate properties for, compared to just one with two houses on it. The difference is often hundreds of thousands of dollars.
Rules for Subdividing a Dual Occupancy
There are some rules that you need to be aware of. One of the most important challenges or planning hoops that we need to jump through is the lot size and the lot width. Is there enough room to be able to pull this off? And that’s pretty prescriptive. However, there are ways through our town planning firm to be able to part from even those standards.
Another rule is privacy. Can you maintain privacy between the two dwellings that you’re creating? Council will be looking at that.
What are some of the environmental constraints, such as slope, and how does that affect other aspects of the development, particularly stormwater and privacy? Any vegetation or bushfire prone land? Of course, it will be looked at more carefully.
There’s also parking rules. That’s an important one making sure that off street parking can be provided in the right number of car parks.
Also, there are some floor area limitations such as your floor space ratios and things like that. It does very much depend on your site, very much on your local government area, and I guess just a heart to heart talk.
We Want to Help You
If there was a property investment strategy that I would recommend the most to people it would be a dual occupancy subdivision. So I would highly recommend, if you are serious about grabbing this strategy and really turning these property dreams into reality, that you do book in for a consultation with one of our team.