Last year I bought A block of land about 500 m from the beachin a small town in Far North Queensland. It is in an estate of about 30 blocks. My block size is 833 sq metres. Now I find out that the 830 sq m block next to me has duplex zoning approval..What are the implications for me? I understand it will drive the price of land up ?
If I build a home on it will that make land worth less? Should I go for duplex zonong as well now? Any help insights appreciated.
Cyclist
you need to check the town plan. you might find that you can already build a duplex on your site without planning permission, or you might find that your block doesnt meet the frontage or other requirements for a duplex
talk to your council
If the demand is there you might even make money selling as a duplex block if your plan is to sell rather than building yourself.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thanks
will go and check out.
Cyclist
You must be logged in to reply to this topic. If you don't have an account, you can register here.
