NSW Pros & Cons for buying in E4 zone

Discussion in 'Where to Buy' started by RJS, 4th Dec, 2017.

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  1. RJS

    RJS Well-Known Member

    Joined:
    26th Oct, 2016
    Posts:
    104
    Location:
    Sydney
    Hello fellow investors :)

    Could you anyone of help us decide to buy a piece of land in a E4 zone?
    Do the prices for these block of land tend to be cheaper than similar area?
    Are there extra cost to be mindful of?

    Appreciate the 2cents.

    Cheers
     
  2. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    Im in E3 not sure about E4.

    We wanted something that would stay nice. Larger block nice views. Need much larger blocks for subdivision. alof of business restrictions. We have water view from most of upstairs. We loved the Id of not every house being a Dual Oc on the street.

    The downside is no developer interest. But we love that. Nicer house better location for life.

    PS E3 does not seem to incur any extra cost .
     
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  3. ShireBoy

    ShireBoy Well-Known Member

    Joined:
    14th Nov, 2017
    Posts:
    385
    Location:
    Sydney
    Yeah E4 has restrictions about dual occupancy ie no duplexes I believe. Or very limited, since you need to keep a Floor Space Ratio (FSR) of 0.5:1 = 50% remains natural (or driveway).
    So it's great for families (I live in an E4), but I can't comment from an investor point of view.
    EDIT* Example information: E4 Environmental Living - Sutherland Shire Council
     
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  4. RJS

    RJS Well-Known Member

    Joined:
    26th Oct, 2016
    Posts:
    104
    Location:
    Sydney
    Just got more info.
    Its a near a Bush reserve.
    BAL rating of 29.

    Might have significant cost to construction I believe then?

    Soil and Bore report only available after it registers.