Rezoning
Property Investing Strategy

Investors make profits by investing and changing the zoning of a particular piece of land then selling to builders and developers. “Zoning” is the term used by the council to determine what a particular piece of land can be used for.

Rezoning is the process of converting the use of a particular piece of land, for example, changing from a single-dwelling residential property to a multiple dwelling residential.

Keys to Make it Work:

1. Preparation of the proposal
2. Equipped with team of local experts
3. Knowing where the proposal stands in the town plan
4. Cost analysis

Financial Requirements:

This strategy often operates via an option contract holding that particular piece of land chosen while work through the council proposal processes. There will be option fees, cost of council application and fees for using specialists and professional consultations.

Time Frame and Exit Strategies:

The time frame to create growth could take a few months to a year depending on the council response timeframe and market conditions for selling. Once the approval is granted, investors could either sell the land (with or without build plans) or develop on it.