I am looking at getting something in the Sydney NW growth centre, came across some cheap lands, such as this one
http://www.realestate.com.au/property-residential+land-nsw-schofields-201028507
now nothing can be built atm but this land is part of the indicative layout plan for future development
http://growthcentres.planning.nsw.gov.au/Portals/0/docs/Schofields/Schofields gazetted ILP.pdf
does it mean there is a possibility that it can be developed in the near future?
And what are the risks of buying these lands, besides the rezoning will never eventuate.
http://www.realestate.com.au/property-residential+land-nsw-schofields-201028507
now nothing can be built atm but this land is part of the indicative layout plan for future development
http://growthcentres.planning.nsw.gov.au/Portals/0/docs/Schofields/Schofields gazetted ILP.pdf
does it mean there is a possibility that it can be developed in the near future?
And what are the risks of buying these lands, besides the rezoning will never eventuate.