With Councils re-zoning many areas across the Perth Metropolitan area, Perth is becoming a great place to invest in property development. Recently Councils are looking at infill projects meaning there is great opportunity to unlock wealth in current blocks through subdivision and build processes.
With state governments across Australia acknowledging the need to limit urban sprawl, fill the gaps within existing metropolitan areas and build higher-density housing on selected sites, many opportunities have opened up.
In August 2010, the Department of Planning and the Western Australian Planning Commission released Directions 2031 and Beyond, a report that proposed a more consolidated Perth, with an infill target of 47% of new housing. The report stated that 328,000 new dwellings would be needed by 2031. The 47% target translates to 154,000 of these. This target was a 50% increase on infill trends at the time.
What does this mean for you, the homeowner?
With a whole dedicated Subdivision team now available at CK Maloney Surveying we are excited to be able to assist in the subdivision process from start to finish, which can be a daunting project.