Buying land in NSW is a major milestone and, unquestionably, one of the biggest investments of your life. Whether you’re building your dream home, investing, or developing a property, it’s a decision that requires a lot more than just a site visit and clearance from the bank.
Buying property needs a fully fleshed-out strategy and meticulous due diligence. At Aurum Advisory, we take a boutique approach to property acquisition. We’re with you every step of the way to ensure a smooth purchase. Here are some key things to consider when purchasing land in NSW.
Zoning & Land Use: The Foundation of Your Purchase
Zoning laws can be overwhelming, but it’s important to understand them because they dictate how land can be used, from residential and commercial to rural and industrial.
Before making any commitments, find out if your intended use aligns with council planning controls. Look into:
- Zoning classifications can be done through the NSW Planning Portal tool or local council websites.
- Development potential, including height limits and floor area ratios.
- Future rezoning possibilities could enhance long-term value.
Land Size & Topography
The size, shape, and land plot will influence development feasibility and the potential resale value.
- Optimal land shape: Regularly shaped, flat, or gently sloping blocks are often more cost-effective to develop.
- Boundary verification: A land survey can prevent future disputes or issues.
- Accessibility considerations: Steep or irregular sites may require additional engineering and approvals.
Infrastructure & Access
An excellent land acquisition should have both accessibility and a solid infrastructure.
- Road access: Check if the land is on a public road or needs an easement.
- Utilities and services: Check if water, electricity, gas, and sewerage are available, as connection costs can add up!
- Digital connectivity: High-speed broadband and reliable mobile service are essential for every household and add long-term value.
Council Regulations & Restrictions: Check the Fine Print
Local councils impose planning controls that can affect land use or development. Investigate:
- Development Control Plans (DCP) & Local Environmental Plans (LEP) for restrictions.
- Heritage or environmental overlays that may impose development limitations.
- Building approvals & constraints, ensuring your vision aligns with local regulations.
Natural Features & Environmental Considerations
Aside from the location, the land’s natural attributes are crucial to its potential.
- Vegetation & trees: Council approval may be required for tree removal.
- Water sources & drainage: Natural features like dams or creeks can enhance or hinder development.
- Soil quality & flood risk: Conduct geotechnical assessments to avoid costly site preparation expenses.
Title & Ownership: A Secure Investment
A clear title is fundamental to a risk-free transaction.
- Title search: Check for easements, encumbrances, or legal disputes.
- Covenants & restrictions: Review any limitations on land use or future development.
Financial Considerations: Beyond the Purchase Price
A strategic land purchase factors in both upfront costs and long-term financial viability.
- Market value: Make sure pricing aligns with comparable land sales in the area.
- Hidden costs: Factor in stamp duty, legal fees, surveys, and site preparation.
- Financing options: Lenders may have different land loan criteria than existing properties.
Location & Lifestyle
Location is always the key driving force when purchasing land. It’s important to think about:
- Access to amenities: Good schools, shops, medical centres, and transport links make life easier and add value.
- Future growth and infrastructure: Future developments can really shape how desirable a piece of land is.
Growth & Investment Potential: Maximising Long-Term Value
An informed purchase takes into consideration future trends.
- Emerging growth zones: Areas flagged for urban expansion often see strong capital appreciation.
- Market trends and demand: Historical property data helps gauge investment viability.
Your Secret Weapon? Expertise That Sets You Apart
Buying land isn’t just a purchase; it’s a smart investment. At Aurum Advisory, we bring expert market knowledge and personalised advice to help you confidently navigate the entire process.
By looking at the big picture—zoning, infrastructure, land features, and finances—you can find a property that works for you now and holds its value for years to come.
