澳洲Australia property How to find future rezoning suburbs? | Sy


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Hi

Can anyone provide ideas on where to find future rezoning suburbs in QLD, VIC and SA?

Based on experience this can be a very lucrative strategy.

Find the suburbs that will be rezoned in the future.
Contact the LGA council and state based Dev Corp and analyse the available information. e.g. time frames, likely changes to zoning rules over time etc
Identify the tastiest future development zones in the best suburbs.
Develop your strategy e.g. id future multi sites or id future battleaxe sites etc
Review the current market for properties for sale
Id any best buys and analyse for future development potential.
Other strategies for identifying property and finding motivated sellers

The add value component of this strategy is that value is created when the property is rezoned.

Nil additional capital is required to improve the property via rejuvenation or renovation.

Regardless of the market direction e.g. up, flat or down when the property is rezoned to higher density, value is added.

This is a buy and hold strategy with an add value twist.

cheers  

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Duplex potential lot

Hello

I am happy to share my experience with members.

See attached a sample of a future potential duplex lot. Currently single residential and to be rezoned to duplex potential. Notice the corner of the lot has nil buildings.

Having viewed the site the corner vacant land is ready to be subdivided in the future. The corner also has 2 street access making it superior to any single street access lot.

Based on assessment the driveway and carport could be retained. So nil demolition of carport or alteration to carport, which is often required. So this is superior to a part demo lot.

Essentially this is a nice buy and hold property.
The add value twist is that it will be rezoned in the future to a duplex lot.

The add value is in the LGA rezone.
Options after this are:

1. Do nothing and enjoy the rezoning to duplex
2. Gain conditional approval for duplex subdivision. Could be used for new bank valuation and refunding purposes.
3. Subdivide the lot and sell vacant lot.
4. Subdivide the lot and build new house and hold
5. etc etc


If you are interested I can chat about desktop analysis strategies to find these type of properties currently in the market

Or there are other advanced desktop analysis strategies that can be used to analyse the entire rezoning areas. e.g. identify the most superior properties for future subdivision potential.

Why wait until these properties come onto the market.
Approach the owners direct and ask them if they are interested in selling

There are best practice standards in terms of approaching owners.

Other strategies I can share.


cheers


" my eyes were opened up to different possibilities" Professor David Lynch  

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I've said this before (but I'll say it again) - have a chat to a strategic planner.

The government has short/mid/long term strategic planning initiatives in place that are freely available to the public. Rather than guess, simply ask a planner. They'll happily tell you if you're polite and professional about it.

In the NT, the land shortage is so severe (we are on a menninsula of land) that they are currently concocting a program where they will seek out likely lots of land and ask the owners specifically if they would like a rezone to greater density. There is a pile of money to be made in the NT for people willing to put in the time. I put a major rezone through late last year, and have another one in the works (major means going from 3 townhouses to 12 apartments with at least a doubling of land value).  

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Marketing Mogul said: ↑
Nil additional capital is required to improve the property via rejuvenation or renovation. Regardless of the market direction e.g. up, flat or down when the property is rezoned to higher density, value is added. This is a buy and hold strategy with an add value twist.
cheersClick to expand...
Hey where are the comments from BuildingBlocks, Internet Worrier (alias Bob The Builder), Deva 76, and Slater (Capitalist).

Why are there no paranoid comments about fantasy mythical creatures like trolls?  

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Who is this deva76. New member maybe.

Anyway I feel I can comment. I'm currently developing a corner block by building a 4 bedder to the back and another one of my properties is sitting pretty for rezoning in a year or so.

So yes you put foward some good points.
Not sure what it has to do with you being a troll but.

Cheers  

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Ocean Architect said: ↑
I've said this before (but I'll say it again) - have a chat to a strategic planner.

The government has short/mid/long term strategic planning initiatives in place that are freely available to the public. Rather than guess, simply ask a planner. They'll happily tell you if you're polite and professional about it.

In the NT, the land shortage is so severe (we are on a menninsula of land) that they are currently concocting a program where they will seek out likely lots of land and ask the owners specifically if they would like a rezone to greater density. There is a pile of money to be made in the NT for people willing to put in the time. I put a major rezone through late last year, and have another one in the works (major means going from 3 townhouses to 12 apartments with at least a doubling of land value).Click to expand...
do you mind sharing what size of the block you applied for rezone? and how was the result please? I also have a block in palmerston, so keen to do the same
thanks a lot  

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Marketing Mogul said: ↑
Hey where are the comments from BuildingBlocks, Internet Worrier (alias Bob The Builder), Deva 76, and Slater (Capitalist).

Why are there no paranoid comments about fantasy mythical creatures like trolls?Click to expand...
I guess you are talking about me. It's ok. I don't expect a troll to remember my name.( you started it):)
Actually I agree. Rezoning is great. It turned an average property of mine into a keeper with many options. I first found out about it through a town planner. Then council. It should all happen by the end of 2012 in my case.  

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Whoops. Old thread. Anyway in my case as I have stated above. It's paid ofF. A potential rezone is now happening right up to my block and the one next to it but no further out. Just made it in to the new zone.  

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Hi MM,

I just posted a thread on a proposed rezoning in my area:
http://www.somersoft.com/forums/showthread.php?t=75887&highlight=rezoning

I live in the City of Joondalup. Here's the link to their draft housing strategy: http://www.joondalup.wa.gov.au/Develop/DraftLocalHousingStrategy.aspx

Sooooooo you're interested in buying in proposed rezoning areas. We have an 802sqm corner block... wanna buy? ;)

J  

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