Posts

Heidelberg-min

Planning Restrictions/Opportunity

All properties have restrictions on them. Most of these can be resolved with the correct information and strategy.

 

The Zoning of the property, for example Neighbourhood Residential, General Residential, High-Density Residential or Mixed Use, will guide the number of units that can be designed on the site.

 

Planning overlays such as vegetation overlay, developer contributions overlay, environmental audit overlay, Heritage, land subject to inundation, neighbourhood character and areas of Aboriginal cultural heritage sensitivity are critical to the end product and your profitability.

 

Does the site have various covenants such as single dwelling covenants or easements such as drainage, sewerage and rights of carriageway?

 

Existing significant vegetation on the proposed site as well as neighbouring sites needs to be carefully assessed and can restrict the development but also enhance its saleability.

 

Always view the Section 32 document and the Contract of Sale and discuss it with your advisers including our lawyer.

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Point of Difference

And diversity in the market place

Too many developments look the same, have the same accommodation, and cost the same. Are the same!

 The beauty of having a strong body of information outlining who your target markets are, what your target markets want and what is currently offered in the market place for your target market is … you can easily assess what you can offer that is a point of difference that will give prospective buyers and renters a clear choice.

Important considerations include not less than 50m2 of unit area, creating a connection with the locality through the name, built material, and reference to local icons and attractions.

Consider ceiling heights and window heights as sellable luxuries.

Indoor/Outdoor access and rooftop gardens add extra space and liveability.