Subdividing a property to become two or more parcels of land is a popular practice used by developers building unit developments and more and more by home owners wanting to take advantage of the ‘land equity’ they have in their backyard.
The conveyancers at The Hrkac Group have experience in assisting landowners with the subdivision process – particularly in submitting Subdivision Title Applications.
A Subdivision Title Application facilitates new Titles being issued for parcels of land that have to be ‘subdivided’ from an initial parcel of land via a town planning process – usually with a municipal council.
The Hrkac Group conveyancers can monitor and oversee this complicated process, which requires liaison with the Council, the Titles Office, all Land Owners and the Lender, if there is a mortgage on the property.
When subdividing properties it is important to consider the Taxation and Financial Planning implications and you may also consider advice from our Accountants, Investment Advisors, Superannuation specialists and lending team.
Get the Subdivision Title Application advice you need by meeting with the conveyancers at The Hrkac group. Make an appointment today via Contact Us, phone 03 5224 2366.