STCA
What is STCA and what is STCA approval all about?
What does STCA mean for your property – Explained
Chances are, you may have come across these terms while browsing through Australian real estate websites looking for your dream property:
- Multi-unit site (STCA)
- Dual occupancy site (STCA)
- Development site (STCA)
What is STCA and why is it there?
STCA stands for Subject to Council Approval and is a term that is used to recount the subdivision/development potential of the property in question. STCA comes into the picture when claims about a property’s development opportunities in real estate marketing flyers or signage. It can more simply be understood as a sales pitch used by real estate agents in order to add recognisable value to a property.
Note: STCA is pure marketing. There is no council ‘STCA approval’ required. While STCA may indicate potential of development in a property, it does not necessarily mean a property can undergo one. It’s a marketing strategy and you must contact a professional to understand the true potential of your property in terms of development.
What Does STCA Mean?
STCA meaning: Whenever you see a property under STCA, it means the possibilities to develop a site far off it’s already existing use is recognised and has been perceived as a step that adds value to the property.
While the real estate agents may state that a property carries subdivision potential STCA, it is crucial to have a professional advice to conduct thorough and detailed documentation of the property in question’s subdivision attributes. Chances are, during the course of evaluation and research, the need for any further investments can be accurately estimated. This way, you also get expert insights on possibilities of getting STCA Melbourne and STCA Victoria (and other locations’ STCA approval) approvals.
By consulting a seasoned and experienced town planner like one from Low Cost Draftsman, you get to know everything that can make your investment decision work in your favour.
Note: A real estate agent may feed the idea of potential development with statements like ‘You may be able to do this, but it’s totally up to you. I hold no guarantee of results’. Low Cost Draftsman advises against taking quick actions because the deal looks tempting and has a STCA approval tag on it. Get in touch with professionals to understand the property’s true worth, potential and value.
What Does STCA Mean Property?
It simply means the listed property may have scope for potential development but not necessarily accommodate the development due to planning regulations or for other legal reasons. Any property under the ‘Subject To Council Approval’ doesn’t necessarily promise results suitable for your motive.
Don’t fall for STCA!
Get in touch with Low Cost Draftsman and make sound