INVESTING IN LAND HAS ALLWAYS BEEN STABLE IN LONG TERM. WITH CURRENT GOVERNMENT AND COUNCIL DEVELOPMENT ATTITUDE IS ACREAGE PROPERTY INVESTMENT GOING TO PROVIDE GOOD LONG TERM RESULTS
Is that a question or a statement?
im sorry it is my beleif but would like imput
BRUCE LACY wrote:INVESTING IN LAND HAS ALLWAYS BEEN STABLE IN LONG TERM. WITH CURRENT GOVERNMENT AND COUNCIL DEVELOPMENT ATTITUDE IS ACREAGE PROPERTY INVESTMENT GOING TO PROVIDE GOOD LONG TERM RESULTSHolding land as acreage property may lend itself to future subdivision depending on where it is sited in relation to suburban sprawl boundaries.
Really depends on council zoning and future plan/vision of the council and state governments. Buying up such properties on the hope of up-zoning occuring to optimise density of subdivision would be risky, unless due diligence indicates future zoning changes are likely.
If one already owns such property and zoning densities change for the better, then …………payday
Any land-bankers on the forum care to share their views?
I have recently purchased 100 acres on the outskirts of a large regional center. It is zoned for rural subdivision (down to 2.5 acres). Due to the glut of land releases in this area at the moment the plan is to sit on it presently. It has a commercial lease in place and farming the balance will make it +ve cashflow, so it is a good one to hold.
mick
Hey mick,
that sounds great. Income as well as future subdivision. As it's positive CF for you, that's a good one to hold.
Do you mind if I ask, was it advertised, did you seek and create the deal or are you a local who was familiar with the town plan?
In any case, well done!
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