Hi guys,
I’m looking at buying a property in the Brisbane suburbs which has the potential for redevelopment down the track. When comparing zoning maps to what is for sale, it is clear that there is a mark up on properties that fall within the higher density areas (of course). I would like some opinions as to whether it may be better to buy as close as I can to these areas for less and hope that the zoning changes in the future?
As a side note, I would not be redeveloping in the very near future. What causes the zonings to change? And if you own a property near a higher density area, is it possible to apply to have your zoning changed? How does that all work?
Thanks in advance,
Mikko.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
