jsut curious,
a particular area near me on a main street went high density zoning about 5 years ago, nothing particularly happened,
over the last 6 months, all of sudden, 4 blocks within 100m of each other are now selling as potential development sites all with plans and permits,
from an investment perspective, is it smarter to wait until a few of these sites have been built and there is some established price range or indicator, or will the prices of the land already have gone up, and will the early adoptors be the ones who are laughing from taking the risk
to be frank, its a fairly busy road, rush hour is pretty bad, not walking distance to any shops, near an intersection, but 2-3 mins drive to coles/woolies,
I personally cant see it being very desirable, but obviously once 3-4 towers have gone up, it might be completely different
how do you guys see situations where high density zoning has just begun?
a particular area near me on a main street went high density zoning about 5 years ago, nothing particularly happened,
over the last 6 months, all of sudden, 4 blocks within 100m of each other are now selling as potential development sites all with plans and permits,
from an investment perspective, is it smarter to wait until a few of these sites have been built and there is some established price range or indicator, or will the prices of the land already have gone up, and will the early adoptors be the ones who are laughing from taking the risk
to be frank, its a fairly busy road, rush hour is pretty bad, not walking distance to any shops, near an intersection, but 2-3 mins drive to coles/woolies,
I personally cant see it being very desirable, but obviously once 3-4 towers have gone up, it might be completely different
how do you guys see situations where high density zoning has just begun?