VIC Section 32 mentions change from GRZ1 to GRZ2?

Discussion in 'Property Analysis' started by Gu42, 5th Dec, 2019 at 1:05 PM.

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  1. Gu42

    Gu42 Member

    21st Oct, 2019
    Im looking at a property that is listed as being zoned as GRZ1, the property report also says GRZ1.

    In the section 32 it says:

    The land:
    - is included in a GENERAL RESIDENTIAL ZONE - SHEDULE 1

    A proposed amended planning scheme C198 has been placed on public exhibition which shows this property:
    - is included in a GENERAL RESIDENTIAL ZONE - SHEDULE 2 - C198

    I'm assuming that means it will most likely be re-zoned to GRZ2?

    And I believe this is no good as I was hoping to buy this block and try to build some townhouses on it in the future, I've been told I have a better chance of this buying a block zoned GRZ1.

    The council is city of casey

    I checked on and it says the zone is GRZ2