Home owners across Sydney are increasingly achieving higher prices for their properties through selling their site as a collective group, known as a superlot.
For most people, selling as a superlot is a new experience and looks like an easy way to increase value. The potential upside is significant but so also are the challenges:
Resident Capital will work with select groups of home owners to:
To help home owners achieve the value of their land, based on its true value to developers, through working productively within the re-zoning and redevelopment process. Home owners can have say in their areas’ future while benefiting from the valuation uplift on their land.
Home owners have a unique perspective on the area they live in. They have grown up, raised families and retired in their homes and know better than most the true value of the area they call home. Sharing this knowledge is a valuable owner input.
Many home owners understand the challenges facing Sydney from rapid population growth and that means change is coming to the use of their land. Home owners can choose to fight this change or contribute energy to produce strong community outcomes.
There are significant benefits for many communities moving to high density when it’s done well. Community facilities can be enhanced with greater populations. The planning needs to incorporate open spaces, community building and community facilities.
Residents can effectively input to rezoning opportunities – arguing for scale while recognising that community benefits must be incorporated into planning.
