Understanding the costs of subdividing
When it comes to developing, the million-dollar question is; how much does it cost to subdivide land?
The short answer; it’s not as clear-cut as you might think.
To understand what is involved before you even consider subdividing, a feasibility and subdivision plan needs to be completed.
Once you have these plans, the number of new titles you are aiming to develop, the condition and quality of the site and the type of development you decide to build all determine the cost of your subdivision.
From there, we work with a team of subdivision specialists who guide you through every step of the way.
Chat with one of our development consultants about arranging your feasibility study today.
When it comes to subdividing there is a long list of works which need to take place before you can be sure your piece of land is:
- viable for subdivision
- meets planning requirements for subdivision
- can physically be built on
These works are extensive and a lot of care and attention to detail is required so that you don't run into costs down the road when it's too late to turn back. Your feasibility plan when completed through Summit will include:
- project management of your subdivision
- obtaining a future contour plan to substantiate your land's viability to subdivide
- understanding if the new build will be survey strata or green title
- design consultation for the unit you would like to build
- sketch of the design on your lot
- fixed cost appraisal on your build.