No, not every Development approval is the same just like every deal is not the same.
Say you got a DA for a duplex on a ordinary house. There just might not be value in demolishing and building back two new homes so the DA wouldn't account for anything as its just not viable.
But in saying that i have seen DA's that have added hundreds of thousands to the next time they have resold. Especially where people have read between the lines of the Development Plan. If your looking to make money reselling a property with a DA as a general rule the more properties approved on the lot the better.
In most cases it does. However what I have found is that many permits are badly designed. For example small apartments. Personally if we are buying or designing a site I would never look at anything less than 50 square meters on a one bedroom apartment or 70 square meters on a two bedroom. Aim and the owner occupier market because that will also be great for investors. Remember the design is important as yes it does add value. If you are going to sell the site you still need to leave profit in the deal for the builder.
Nigel Kibel | Property Know How
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If the owners have let the DA lapse then you would need to re-apply for the DA to be able to re-develop the property. The property should not be worth any extra, only comes with some peace of mind that the Council has allowed three units to be previously approved on the site, and that unless there has been major changes in planning policy since the last approval then they will probably approve a similar development in the future. Although there is no guarantee of this!
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