Subdivision Development Today
Where once blocks of land could be subdivided and developed, in a rather ad hoc fashion, now
most developments must conform to, and be carried out in accordance with State Government 25 Year Plans.
Population and economic pressures creates its own dynamic. Once development in an area begins, all entities involved, Owners, Developers, Councils, State Planners, become swept along with the pace at which developments occur.
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TAW - Sourcing land for Development
As anyone in the property development industry knows, regulatory planning controls, complexity and cost, is increasing over time. In the face of massive Urban Sprawl, the community has increased its expectation for new suburbs to be properly serviced and functional.
Developers are now required to cover the cost of utilities such as underground electricity, water, telephone and sewerage and major infrastructure costs such as rail and major road upgrades.
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TAW: Specialists for Owners and Developers –
Local Councils require contributions to provide open space, preserve the environment, and for construction of attractive streetscapes. These modern requirements substantially raise the cost of development, requiring larger scale subdivision to achieve economic viability of development projects, and affordability of new home blocks.
These pressures can lead to both negative community sentiment and adverse developer image. TAW Property Development specialist consulting is there to fill the need for facilitation between the wholesale and retail sectors of the industry – between developers and property owners.
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