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Wow, thanks all very much on the quick responses. They have all been taken board and think that i'll do a whole lot of reading before buying. I do have a fair bit of time on my hands and so there fore think that it would be cost effective for me to do the ground work/hunting myself. Think i want to be an active investor, buy property that will increase in capital growth either by doing little rennovations and landscape jobs etc etc… Also i'd like to buy properties that i can get DA's on them which ive also heard can add alot of value so long as it is a developable site and in the right area of course.
Are there any fellow comrades that are in the same boat?? I mean buying properties and doing little renovations. Any advice would be willingly accepted and i'd love to hear any other methods people are using to add value to there properties.
I have looked at one property on the local council website just for my own practice and was hoping you could help me with a section.
I checked out the zoning section and found this;
TPS6 Zoning Residential Residential Density R17.5 Additional Uses No Environmental Conditions No Guided Development No Guided Development Scheme Applies Local Housing Strategy Precinct Thornlie East Proposed LHS Density No LHS Proposed Density Applies Could someone pls explain the lines ive highlited in red.If it mentions that there are no guided deevelopment scheme applies, could i develop on this property if i was to obtain a DA??
Cheers all for you help:)
Rusty