How to find development opportunities

People often ask me, where is the new area for development? These are areas where prices are relatively affordable but earmarked by government for increased development.

There are a number of ways that planners can identify new areas and opportunities:

  • Neighbourhood Plans
  • New Planning Schemes
  • Council Incentives
  • Regional Plans
  • Priority Development Areas
  1. Neighbourhood Plans

Watch out for new or changing neighbourhood plans. These are localised plans which will override the current zoning of properties. Generally neighbourhood plans encourage increased densities and allow higher building limits.

Review your local Council’s website for neighbourhood plans in their draft form before they are formally released.

  1. New Planning Schemes

Look for changes to your Council’s Planning Scheme. These normally occur every 7-15 years with political party transitions.  Planning schemes set the zoning requirements for height, setbacks and other development parameters.

It is important that property owners are aware of new planning schemes as they may find new zoning legislation allows for relaxed building heights and/or encourages greater density.

New planning schemes are advertised by your local Council for 6-12 months before their release.

Note: The State Government allows development under a superseded planning scheme to occur for 2 years after the introduction of a new scheme. You will need to apply for consideration against the superseded planning scheme to your local Council and these are granted where there would be a significant reduction of development value under the new scheme. 

  1. Council Incentives 

Council’s often provide monetary incentives for particular developments that are considered community need. For example Brisbane City Council just announced 33% cuts to infrastructure charges for aged care projects. Previously the Council offered a 2 year reduction on hotel developments prior to the G20 summit.

You can read more about BCC incentives >>HERE<<

  1. Regional Plans

The State governement in conjunction with local governments introduced the South East Queensland Regional Plan in 2009 as a 30 year plan for population and economic growth. Due to changing priorities and new population forecasts the south east Queensland regional plan draft has just been released.

The new draft regional plan identifies precincts where growth should be concentrated. For example Kawana and the Maroochydore CBD on the Sunshine Coast and on the Gold Coast these primary development areas include Southport, Robina and Varsity Lakes.

It is a great opportunity for agents to review the draft plan as it sets and promotes growth for the next 25 years.

You can see the Draft Regional Plan  >>HERE<<

Note: Skip the first 29 pages if you don’t have much time

  1. Priority Development Areas

The state on occasion can overrule the local government and introduce ‘priority development areas’. e.g. Caloundra South, Fitzgibbon. These areas are parcels of land within Queensland, identified for specific accelerated development with a focus on economic growth.

You can find the list of State Priority Development Areas >>HERE<<

It pays dividends to be up to date on planning legislation. It allows you to stay current and know where future development will occur. So often our developer clients have managed to obtain prime land in a timely fashion as they had been flagged to the potential given to an area.

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