Hi,
I've come across a project of buying a block of undivided and undeveloped land in South West Sydney. The total land area has not been rezoned yet. It'll take roughly 3-4 years for the rezoning and DA approval process. I'm pretty optimistic about the growth in that area with the proposed Airport (which has got the final confirmation), proposed M9 & M12 in the vicinity of the project. Since I'm new at this I was wondering what are the risks of committing to such projects. I could think of the following ones:
i) the rezoning process gets delayed than the expected time frame (my investment will be stuck for longer period of time)
ii) the finance - is there any loan available for the DA approved properties? (the land block won't still be under my name until the actual development happens, it'll still be under a single title of huge undeveloped land.)
Please share your thoughts of what other risks there might be in the project.
Cheers,
Undeveloped & Undivided Land in Western Sydney
I've come across a project of buying a block of undivided and undeveloped land in South West Sydney. The total land area has not been rezoned yet. It'll take roughly 3-4 years for the rezoning and DA approval process. I'm pretty optimistic about the growth in that area with the proposed Airport (which has got the final confirmation), proposed M9 & M12 in the vicinity of the project. Since I'm new at this I was wondering what are the risks of committing to such projects. I could think of the following ones:
i) the rezoning process gets delayed than the expected time frame (my investment will be stuck for longer period of time)
ii) the finance - is there any loan available for the DA approved properties? (the land block won't still be under my name until the actual development happens, it'll still be under a single title of huge undeveloped land.)
Please share your thoughts of what other risks there might be in the project.
Cheers,
0 commentaires:
Enregistrer un commentaire