Stumbled upon this article from Money Magazine. It’s called How Savvy Investors Can Cash in on Suburban Zoning Changes.
It shares some great tips. This one’s particularly interesting:
It’s all about adding value. If you buy an 800sqm corner block with a single house and are able to subdivide, you’ve created a second home site at low cost.
You can build a second house and accelerate the wealth-creation process – or on-sell with the approval in place.
Such opportunities are plentiful, both in capital cities and regional centres. The regional ones are becoming popular because the buy-in prices and development costs are lower.
More tips like these can be found peppered in with the rest of the article so check it out if you want to cash in on them too…