Briefly, i have found a property which i am interested in purchasing so long as it has the potential for subdivision.
The property is located in Reservoir, Melbourne and is under the Derebin council.
The property falls under the zone of GRZ2 which i believe is quite good for developing and subdividing
It also has an overlay 'DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY' (DCPO1)
Can someone please explain to me what this overlay entitles?
The property is located in Reservoir, Melbourne and is under the Derebin council.
The property falls under the zone of GRZ2 which i believe is quite good for developing and subdividing
It also has an overlay 'DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY' (DCPO1)
Can someone please explain to me what this overlay entitles?