PHOTO: Perth
Perth homeowners living on corner blocks could be sitting on a wealth of extra value thanks to a little-known property trick.
The state government relaxed WA’s sub-division laws almost two years ago to increase density and cater for a projected population of 3.5 million people by 2050.
The changes to residential design codes, or R-Codes, mean smaller corner lots in any suburb can be split up and councils will consider calving them into plots beyond standard limits.
Strategic Property Group managing director Trent Fleskins said its good news for those lucky enough to live on the corner of their street.
“Anyone who owns a corner block is sitting on a property worth more than they think,” he said.
Warwick residents Cliff and Kaylene Mullins will split their property into three, saving two as rentals.
“We can break this into two 350sqm blocks and we’ll put two 4×2’s on it,” Kaylene said.
READ MORE VIA 9 NEWS