hi guys, Just wanting to get your thoughts on buying RU-4 zoned land in hope of rezoning? Thoughts? Risks?
I think you would need to have some inside information before taking a punt on that...... Under normal circumstances you would look for recent re-zonings on adjacent land or some other planning proposals that you are aware of that may have an influence on RU 4 land that you were considering purchasing.
Thanks for this. Is this information easy to access online or do i need to call up the real estate to get this information?
Council may be the best option as well as your own observations of where the hot spots are with new sub-divisions / building activity etc. New re-zonings can take years to happen so it normally will be a considerable "hold" position. Only beleive 10% of what an estate agent would tell you.........I get lots of clients who insist that their proposed development can be approved by council because the real estate agent told them so when they bought the land Or that it can go under Complying Development and does not need to go through council.
