Nathan Battishall, our founder and Director, shares his advice on the importance of engaging the services of an experienced multi dwelling planner and building designer prior to purchasing your development site.
Introduction
Embarking on a multi-dwelling development project is an exciting Endeavor, but it’s also a complex one that requires careful planning and foresight. Among the key players in this process, the building designer holds a pivotal role, particularly in the initial stages where feasibility sketches and due diligence are paramount. In this blog post, we’ll delve into the importance of engaging a building designer for these crucial tasks.
My name is Nathan Battishall from Duplex Building Design and we are specialists when it comes to development and investment design and duplexes or dual occupancies are one of our most popular services we offer to clients.
“If you don’t own a block of land, get in touch and we can find you a site off market, please book in for one of the consultations we have available for you”
Understanding the Low Rise Diversity Housing Code Complying Development
The Low Rise Diversity Housing Code Complying Development, implemented by the NSW government, aims to streamline the development process for low-rise housing types, including terraces. This code offers a fast-track approval process for complying developments, reducing red tape and bureaucratic hurdles typically associated with traditional planning processes.
Advantages for Investors and Developers
- Streamlined Approval Process: One of the most significant advantages of terrace developments under the Low Rise Diversity Housing Code is the expedited approval process. By adhering to the code’s requirements, developers can bypass lengthy planning assessments via DA and secure approvals in a fraction of the time compared to conventional development applications. This streamlined process translates to quicker project commencement and reduced holding costs, ultimately maximizing returns on investment.
- Cost Efficiency: Terrace developments often benefit from economies of scale, particularly when constructing multiple dwellings within a single project. The standardized design and construction methods outlined in the complying development code help minimize design and engineering costs while optimizing construction efficiencies. Additionally, the fast-track approval process reduces administrative expenses associated with planning applications, further enhancing cost efficiency for investors and developers.
- Market Demand: Terraced housing has gained popularity among homebuyers seeking modern, low-maintenance living options with urban amenities. Terrace developments under the Low Rise Diversity Housing Code cater to this growing demand by offering well-designed, contemporary dwellings in desirable locations. With a diverse range of configurations and floor plans available, developers have the flexibility to cater to various market segments, from young professionals to downsizing empty nesters, thereby maximizing the market appeal of their projects.
- Higher Yields: The efficient use of land and the ability to develop multiple dwellings within a single development site can significantly enhance rental yields and return on investment for investors. Terraced housing, with its compact footprint and efficient use of space, allows developers to achieve higher densities while maintaining affordability and market competitiveness. Moreover, the growing trend towards urban infill and medium-density housing in NSW underscores the potential for terrace developments to deliver attractive rental returns and long-term capital appreciation.
- Urban Renewal and Sustainable Development: Terrace developments play a vital role in urban renewal initiatives, revitalizing underutilized land and contributing to vibrant, walkable communities. By embracing principles of sustainable design and infill development, terrace developments promote efficient land use, reduce urban sprawl, and minimize environmental impact. Furthermore, the proximity to public transportation, amenities, and employment opportunities enhances the livability and desirability of terrace housing for residents, investors, and the broader community alike.
Conclusion
Terrace developments under the Low Rise Diversity Housing Code Complying Development present a compelling opportunity for investors and developers in New South Wales. With streamlined approval processes, cost-efficient construction methods, and strong market demand for modern, urban housing options, terraced housing offers the potential for attractive returns on investment and sustainable development outcomes. By harnessing the benefits of complying development and embracing innovative design solutions, investors and developers can unlock the full potential of terrace developments and contribute to the ongoing evolution of NSW’s housing landscape.
