Developing Property In Australia
Residential property development offers a way to build wealth. Homecorp has an extensive track record in developing modern House and Land estates ideal for family living. We have also developed apartment towers and a range of multi-unit sites.
We believe in going beyond the ordinary to achieve the best possible outcomes for our clients. It is crucial for any successful project to strike the right balance between quality, speed and safety.
Our end-to-end program, together with the implementation of a robust governance structure across our project delivery process, ensures we achieve the right outcomes at the right time.
We support the project delivery functions of Design and Documentation, Planning and Approval, Construction, Handover and After Care and Property Management, are the strategic disciplines of Safety, Commercial Management, Project Management and Sustainability.
Property development of any kind involves a wide range of steps, checks and processes. If you are just starting out on the journey, here are a few of the different types of developments common in the Australian market and a brief overview of what they offer:
Secondary Dwellings
You can use the equity in your own backyard with a house behind house. New zoning changes have meant that many property developers are looking at this option more closely. Homeowners can continue to live in their home while taking on the development of their backyard.
Duplex
A duplex is a subdivision that allows for two homes to be built on the one master titled piece of land. The two self-contained dwellings must share a wall. Building a duplex is a good investment strategy, with options that can be mixed and matched to your investment goals. You can sell or rent both properties, rent one and sell one, sell one, rent one and keep the other.
Triplex
A triplex is much the same as a duplex except that it allows you to build three homes on the one master titled piece of land. Triplex subdivision designs include townhouses, villas and single storey homes.
Triplex developments usually happen two ways: a single triplex site involves subdividing a master block into three titles and a multi site involves amalgamating two or more blocks to create three separate titles.
Multi-Unit Site
A multi-unit development is four or more units or townhouses on a single block. If done correctly, they can be solid investment projects. The process can come with higher risk than other projects, but this in turn can create higher reward.
For multi-unit development, you need to find a sizable site free of significant encumbrances and with dimensions suitable for subdivision in a suburb with a reasonable asking price.
From humble beginnings in 2004, Homecorp has grown to deliver house and land estates, terraces, town houses and high rise developments across South Australia and Brisbane as well as Perth, the Gold and Sunshine Coasts.
Our vision is to develop inspiring communities of the future where people belong. Homecorp is committed to elevating the standard of living across Australia and our strategic ownership gives us a solid foundation to build from…. just take a look at our projects below!