All About R-Codes

What aspects of the R-codes should homeowners be aware of and how might they be leveraged for development opportunity or as a buying or selling strategy?

 

WAPC’s Development Control Policy 2.2 was approved in October 2017, allowing a vast number of corner lots in Perth to now be split into two. Corner lots and lots with street frontages to both front and rear boundaries were the big winners. Despite some of the publicity around the changes at the time, many corner lot homeowners aren’t aware that they could be sitting on a development bonanza.

In areas not typically zoned for subdivision, this policy means that it is now highly likely that your corner lot now has potential to be split in half, meaning your property should now be worth much more than your neighbour, who still can’t subdivide.
The policy determines that if your block has frontage to two streets (a corner), you can now subdivide to the minimum area requirements rather than the average. Hence, an R20 block not on a corner still needs to be 900 square metres to be split in two.

However, corner blocks as small as 700 square metres can now be split in two. Or if you own a 1,000 square metre corner lot in an area zoned R17.5, you can now subdivide that into two 500 square metre lots, whereas previously you couldn’t due to the 571 square metre site average criteria.

Thanks to Trent Fleskens and therealestateconversation.

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