You buy a large block of land, split it into two or three blocks and then sell it for a massive profit. Subdivision sounds pretty simple, right? Of course, the reality is far more complicated. Here is how to pick properties to subdivide for profit.
The main hurdle is getting approval from your local council, which unfortunately is less than guaranteed.
Each local council has its own regulations, which means that every subdivision presents a unique set of challenges. And so the local council should be your first port of call.
Essentially, in order for a property to be approved for subdivision, it needs to conform to the local town planner’s minimum lot size.
The first requirement pertains to width, the second to overall area, and the third to zoning.
Subdivision is not allowed in certain zoning types.
The exact details of each requirement are easily accessible via each council’s town planning scheme, most of which can be viewed online.