A rear strata development or a house behind a house can be a great introductory path into the property development arena.
With the push for greater infill re-development the rear and survey strata have been embraced as mainstream housing. Lots in areas with the lower densities such as R20 and R25 are similar in size to what would be considered an average block size in most greenfield estates.
The possibilities and benefits that come from this type of development are abundant as are the motivations for undertaking such a venture. One of the main drivers is accessing the equity sitting in your backyard that has accumulated over years of ownership. That equity can be realised by the sale of the newly created investment property (which could also be the original home) or via a rent and hold approach.
Equally important are lifestyle changes where owners are looking at downsizing to a more manageable easy-care lot size and building a new home without having to relocate. This also gives owners the opportunity of including aspects in their new home that assist them with future aging in place.
Rear Strata developments are very popular with first-time developers and downsizers because to source an opportunity can be as simple as looking out your back door.
Devplex can assist in making an opportunity a reality.
Zoning | Avg Per House | Min Land Area Required |
|---|---|---|
R20 | 450 m2 | 900 m2 |
R25 | 350 m2 | 700 m2 |
R30 | 300 m2 | 600 m2 |
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