Development Approvals a.k.a. DA's are obtained by approaching your local government and applying for a development permit.
A development site encompasses a range of property types, including raw land, improved land, or land with existing buildings situated on it - regardless of the type of configuration of the land, value can be added through subdivision, demolition, remodeling, land banking or construction of real property.
Choosing the most suitable development site or area to develop your property is critical to the overall success of your property. The number one component in any development site should always be market research. Of course you can browse from hundreds of sites we list on our website in Queensland but there will also be a range of 'off market' properties for sale that will occur privately.
Typically, developers look for one or more of the following when choosing the right site:
Property developers and investors purchase sites with existing council approval in order to avoid lengthy delays and uncertainty - a process aptly entitled risk mitigation or minimisation. Purchasers are generally willing to pay over market value for these sorts of properties given the ability for immediate construction activity and pre-sales marketing to occur.
Obtaining development approval can greatly appreciate the value of land. Costs of development sites vary heavily from location, size, potential yield and resales.
Well obviously, you should browse around this website first and also contact us if you can't find what you are needing. Often we can connect you with a range of Off Market properties for sale also which are not advertised on this site.
Based on our recent website statistics these suburbs are the most popular Chermside, Ascot, West End, Kangaroo Point, Normal Park, Stafford, Bowen Hills, Hope Island, Robina, East Brisbane, Southport, Morningside, Nerang, Coomera, Milton, Surfers Paradise, Taringa, Broadbeach, Logan Central, Helensvale, Upper Coomera, Windsor, Boronia Heights, Brendale, Everton Park, Holland Park West, Palm Beach, Parkwood, Murarrie, Labrador, Redbank Plains, Tewantin, Greenbank, Buderim, Wurtulla, Golden Beach, Waterford West, Tugun, Sherwood, Greenslopes, Wilsonton, Toowoomba City, Centenary Heights, Kearneys Spring, Newtown.
Like most investments, there are pro’s & con’s for investing in both commercial or residential properties.
Whilst commercial property investment often boasts a higher return on investment, there is also a higher risk of vacancy.
In residential property development, there is typically a reasonable to strong level of demand depending on the economic climate, however there also exists greater competition within the market for each project, meaning buyers have a range of projects to choose from when considering their next purchase.