Beginners' guide to property development

If you have a large block zoned for duplex, you might want to consider retaining your current home and investing in a house-behind-a-house development, where a new home is built behind the existing property. This is a great investment upon the sale or rental of the new property.
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This type of development is suitable for either "battle axe" blocks - with driveway access from the front, or for rear access blocks, where there is a suitable lane or right of way.
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As the cost of land in the city increases more people are opting to cash in their yard for two low maintenance dwellings. This is known as a duplex dwelling and there are many different variations on this. The two main options are front and rear or side by side.
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A traditional front and rear duplex development can make use of the battle axe or rear access block styles mentioned above, while building two new houses side by side allow both homes to have street frontage.
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As metropolitan population growth has caused many suburbs to be re-zoned, it is now possible to build three houses on one site in more areas than ever before. A triplex development offers many different scenarios, which can include living in one, and/or renting or selling.
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As multi unit sites can encompass anywhere from four homes upwards, there is considerable variation in the types and purposes of developments in this category. At apg, we are experienced in developments of many different sizes, and can assist you in developing your multi unit site.
Contact us to find out more about multi unit developments