The average Southeast Queensland backyard is being split at a rapid rate by “mun and dad” investors. The Courier Mail has revealed the number of lots being approved for subdivision in Southeast Queensland has doubled in the past 5 years.
Subdivision of lots approved have increased from 9332 in 2012 to 19,052 in 2016 for lots in the Gold Coast, Logan, Brisbane, Moreton Bay and Sunshine Coast areas. The rise in subdivisions has been driven by “mun and dad” investors seeking to capitalise on land values as kids leave home and couples become empty nesters, to possibly help fund lifestyle and retirement.
The trend has been encouraged by State Government and local councils that are favouring densification of city planning over continual city sprawl, as mention in the Brisbane City Plan 2014.
Major Stats
We are finding an increase in enquiries from “mun and dad” investors looking for advice on –
Principal – Garry Wolnarek
Umbrella Accountants have worked with property clients over 16 years. We have experienced first hand the property cycles and have helped many clients with property investments over that time.
In addition we have completed thousands of rental property tax returns for investors all over Australia over many property cycles; advising on buying, holding, renovating, splitting, developing and selling property.
Our advice is completely independent, and tailored to your specific situations as we are not affiliated with any property group.
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