There are many variables in undertaking a subdivision and as a result costs can vary. They will also vary between districts and with the size of the subdivision and the type of land to subdivide. The mains costs are generally but not limited to:
As a guideline, you can expect to invest between $50,000 and $90,000 by the time the new title issues for even a straight forward subdivision creating one new title. For multiple titles there is often a significant saving per title depending on the costs of servicing.
As mentioned, the process is not for the faint-hearted as it is complex and highly regulated. So, it is a lengthy process that can take nine months at least and sometimes much longer depending on Council, Specialist Consultant and Contractor availability, the size of the project and project management.
A section price is often said to be made up of one-third land cost, one-third development costs and one-third profit and risk. Often, if you are subdividing carefully, the existing title will not devalue much, therefore leading to additional profit. As an example, if the sale price of a new title/section in your area is around $300,000 then you could expect that you could invest around $100,000 to produce it.
TAURANGA - BAY OF PLENTY |
PAEROA - HAURAKI |
HAMILTON - WAIKATO |
WHITIANGA - COROMANDEL |
MORRINSVILLE - MATAMATA PIAKO |
THAMES - COROMANDEL/HAURAKI |
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