Join Australia's most dynamic and respected property investment community

If a development was approved...

Discussion in 'Development' started by Arashi87, 19th Jun, 2015.

  1. Arashi87

    Arashi87 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    101
    Location:
    Sydney
    Hey fellow SS and newcomers,

    Just a quick question on "if a development/project site of an area was approved by the planning panel, does that mean it will happen 100%? 75%? 50%?"

    Thanks,
    Arashi
     
  2. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    Yes.

    It doesn't give any certainty as the person who achieved the DA could flip the site to someone who will submit a S96 amendment to get more on the site. The development as approved may not be feasible, economic conditions may change, the new LEP might cause a change of use etc.
     
  3. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    706
    Location:
    Sydney
  4. Arashi87

    Arashi87 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    101
    Location:
    Sydney
    Thanks for the reply

    NSW regional
     
  5. Shahin_Afarin

    Shahin_Afarin Residential and Commercial Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    706
    Location:
    Sydney
  6. Arashi87

    Arashi87 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    101
    Location:
    Sydney
    Thank you