G’day Folks,
I’m interested to know more about the rezoning process. I recently encountered a plot of land that i suspect has zonal rights for industrial purposes and i think its got potential for residential purposes.
Cud anyone tell me where i can get more information on the rezoning process/steps?
Thanks and regards,
PatrickPatrick Raj
Hi Patrick,
I’m not sure which state you are from but my company has quite a bit of experience with rezoning land in Victoria. It can be very lucrative, but there are also long lead times and a large amount of risk. It can also be expensive as you may need to emply a range of consultants for specialist areas, such as environmental engineering and a range of others depending on the individual project.
In melbourne there is a document called Melbourne 2030 which identifies areas that are seen as having potential for rezoning eg reural land that is designated future urban. If you can get your hands on land such as this at a good price, you have a very good chance of getting it rezoned, but most landowners know this, and havre already had offers.
I hope i haven’t put you off, because as I said you can make a lot of money from rezoning land, just make sure you get very good advice before jumping into anything.
Regards
Alistair
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