Proposed Heritage listing on building - BCC

I've had a letter from the Brisbane City Council proposing to list a brick boarding house I own as a local heritage place, the process will take over 6 months and I get a chance to have my say in around August.

Just wondering if anyone has gone through anything similar. Any tips on the process or the implications?

I understand that my insurance may go up and land valuations down, is this correct?

I intend to hold the place for the long term with no plans to redevelop.

I'll get in touch with a town planner to have a chat in the next few weeks to cover my bases.

Proposed Heritage listing on building - BCC