Description

Summary

In this conversation, Russell Dickson from Dickson Hearn discusses the complexities and challenges of subdivision in real estate. He shares insights on the role of surveyors, the types of subdivisions, and the step-by-step process involved in subdividing land. The conversation highlights the importance of understanding zoning laws, planning permits, and the various authorities involved in the subdivision process. Dickson also addresses the emotional journey of property owners navigating this often lengthy and frustrating process. In this conversation, Stu Brien discusses the complexities and nuances of property subdivision, emphasizing that it is a process aimed at creating more housing opportunities. He highlights the importance of infill development in addressing housing shortages, the challenges of navigating planning stages, and the financial implications of subdivision. The conversation also covers the risks involved in property assessment and the significance of obtaining proper planning permits. Brien provides insights into the expected timelines for subdivision projects and the necessity of seeking professional advice to ensure a successful outcome.

Takeaways

• Subdivision is a common question in real estate.
• Surveyors are limited in number, affecting the industry.
• There are various types of subdivisions under the Subdivision Act.
• Understanding zoning laws is critical for subdivision.
• The subdivision process can take several months to complete.
• Access and drainage are key considerations in subdivision.
• Planning permits are essential for subdivision approval.
• The process involves multiple authorities and can be time-consuming.
• Emotional stress is common for those subdividing property.
• Successful developers often have a formula to navigate the process. 
• Subdivision is a means to an end for wealth creation.
• Infill development is crucial for addressing housing crises.
• Planning permits are essential for legal subdivision processes.
• Timelines for subdivision can vary but typically range from 6 to 18 months.
• Understanding zoning and overlays is vital in property assessment.
• Financial planning is critical before undertaking a subdivision.
• Owners' corporations may be necessary for shared property management.
• Risks in subdivision include service availability and regulatory compliance.
• Professional advice can save time and prevent costly mistakes.
• Community connections are important in urban planning.

Contacts:

Dickson Hearn Land Surveyors

Phone - 03 5333 2225

Email - ball@dicksonhearn.com.au

Stu Brien of Stone Real Estate Ballarat

Phone - 0416 183 566

Email - stubrien@stonerealestate.com.au