Perth Property Insider Ep. 21: Finding Subdividable Properties that Stack Up - Part 1 with Jay Sidhu

Listen and Subscribe:  Omny | iTunes | Google Podcasts | Spotify

Resources:

• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)
• Find out more about Vision Surveys Consulting (https://visionsc.com.au/)
• Check the DFES Maps for Bushfire Prone Areas (https://www.dfes.wa.gov.au/bushfire/bushfireproneareas/)

Are you wondering how to find a subdividable property that stacks up?... There’s quite a bit you should be looking at before you close the deal. 

To help you get an extensive understanding, I’m bringing in one of my previous guests. My good friend, Jay Sidhu from Vision Surveys Consulting, is back for another 2-part episode. With all the interest in finding subdividable properties, I figured it’s time we go over this in more detail so you know all the steps to take to avoid mistakes. 

So we’re going to pull everything apart and give you an inside view of how we would go about finding a subdividable property from where to begin searching, using intramaps, understanding split coding mistakes, what to do about bushfire-prone areas, other things to look out for and much more.

And wait for Part 2 where we’ll be covering costings, doing a feasibility, how much you should pay for it, the timing and strategy for developing that property including how to uncover some hidden potentials

There’s a lot to unpack so get started by tuning in now!

Episode Highlights:

1. Chasing money isn’t the answer [02:16]
2. Don’t neglect time with family until it’s too late [04:45]
3. You can’t measure fulfillment by one metric alone  [07:15]
4. Plan a life of fulfillment by asking yourself some questions [08:45]
5. The 6 human needs we need to fill [12:44]
6. My own journey to fulfillment [15:06]
7. What we think will make us happy actually won’t [18:50]
8. Shifting from chasing money to helping others [19:29]
9. When you give to the world, the world gives back more [20:40]

About Our Host:

Managing Director and Licensee at Investor’s Edge Real Estate for more than 12 years, Jarrad Mahon is a household name in the real estate industry. Having received 16 awards over the last six years, he is your go-to guy in property management and investment strategies. He has been featured in multiple media outlets and is continuing to make great strides in the world of real estate investing.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect With Perth Property Insider:

Subscribe on YouTube
Like us on Facebook

Episode Highlights:

1. Where to begin the search for a subdividable property [03:23]
2. Be clear with your end goal [07:13]
3. Check out the potential competition in the area [08:38]
4. Finding out the zoning of your property [11:41]
5. Avoid these mistakes with split codings [12:31]
6. Confirm the zoning with the council [16:22]
7. Practical tips to finding subdividable properties [17:41]
8. Where to find the coding [20:40]
9. What are the things you need to be checking [21:27]
   • The front of the house affects the value [23:53]
   • Don’t forget to check bushfire ratings [24:53]
10. Can you retain the front and still meet the minimum? [26:29]
11. Using minimum lot areas for rear battle axe lots [28:11]
12. Will doing an aerial view be sufficient? [30:00]
13. Always consider if the town council requires a larger access way [32:15]

About Our Guest:

Jay Sidhu has been working in the surveying industry since 2009 before stepping into his Director role at Vision Surveys Consulting in 2019. His breadth of experience and insight helped him gain an advantage over other consultants in the area. Currently, he is a candidate for MBA with the Curtin Graduate Business School at Perth, WA.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

• Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw
• Like us on Facebook: https://www.facebook.com/investorsedge