Subdividing Your Land In Toowoomba
Daydreaming of subdividing your block of land to make a tidy profit?
Take a look at our handy beginner’s guide to find out everything you need to know.
If you have a large parcel of residential land, you may well have considered subdividing it as a way to turn a profit, especially if you don’t use or need all the land. But subdivision is more than simply putting up a fence and filling in a few forms. Before you start, it’s vital that you are aware of what’s involved.
What is subdivision?
Although it’s commonly called subdivision, splitting up a block of land is actually known as “reconfiguring a lot”.
And that phrase covers more than just dividing one block of land into two. Whether you want to divide your lot or rearrange its boundaries, merge two blocks together, create easements or common property in a community title scheme – it all comes under the umbrella of reconfiguring a lot.
It’s important to first check the requirements for development approval with the local council. Some reconfigurations (such as the amalgamation of two or more lots) do not require development approval, so make sure you’re clear on the requirements for your specific case. Part 5: Tables of Assessment of the Toowoomba Regional Planning Scheme will give you all the details, or you can speak to one of the council’s technical advice officers on 131 872.
You should also read Part 9.4.5 of the Planning Scheme, “Reconfiguring a Lot” as there are certain developments that have specific additional requirements. These include lot design as it relates to minimising risk from bushfire and flood, realigning property boundaries, planning of open space or infrastructure provision, minimum lot size and frontage requirements, and more.
There are numerous stages involved with subdivision. Those stages roughly divide into:
- planning and application
Each of these stages comes with different costs, and the overall cost of subdivision will vary depending on a number of factors. For example, do you already have a house on the land that needs demolition and removal? If so, you’ll need to factor these costs in, along with the cost of having services capped off beforehand.
Other costs to factor in could include council application fees, land survey fees, a planning report, installation of driveways and fencing, registration of titles, and utilities supply fees (e.g. for water, sewerage, electricity) if the land does not already have these.
It’s impossible to give a dollar figure for your specific subdivision, as there are many differing considerations for each particular case. However, in Queensland the final figure is likely to be well in excess of $60,000 and may exceed $100,000.
Anything else I need to know?
Do your due diligence and make sure you are aware of all the costs, obligations and requirements involved before going ahead with subdivision.
Looking for land or property in the Toowoomba area? Call our expert team today.