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With the economy getting a bit hectic, there’s understandable hesitation with regard to property and development going on right now. You know you want to develop, but interest rates are rising, things are seeming expensive, and with so many changes in economic stability over the past couple of years, it seems impossible to know what’s going to happen next! That doesn’t have to stop planning approval for your development, though.
Don’t miss out! Read on and press the GO button on planning approval NOW.
At the time of writing this article (October 2022), we acknowledge that the economy is looking a bit hairy. Granted, we’re not seeing the 18% interest rates that took hold back in the 1980s, but in terms of the state of the economy in recent years, we’ve gone from being force fed incentives to spend money to sudden eyebrow-raising interest rate hikes that are affecting all aspects of life, business, and property.
It’s a bit of a battle between good and evil right now, with interest rates sharply rising - not so great for paying off a mortgage - but property values dropping, making it a buyer’s market.
But, what if we told you that NOW is the time to prepare for development, no matter what the state of the market?
Did you know: When you get a development approval from your local council, you’re not locked into an immediate start. True story!
Your development approval actually comes with a very generous currency period. What is a currency period? This is the period in which your development approval is valid and development must commence.
The standard town planning currency periods in Queensland are:
A development application can take anywhere from a month to six month to go from submission to approval. Right now, developers are watching the economy very closely to identify that sweet spot that will maximise the financial viability of their development project.
With an approval under your belt, you are ready to LEAP into commencing development at a moment’s notice. If you wait and then go through the application process when that sweet spot presents itself, by the time approval is achieved you may have missed your chance!
The Planning Approval Group are poised and ready to get that approval for you with minimal time and fuss. We provide quality town planning services to all types of developer, with a vision of creating vibrant, engaging, and sustainable communities from city to country!
Get in contact today to press the GO button and book your 20-minute initial consultation.
Be armed and ready for that sweet spot!
Warwick Office
By appointment only
Clermont Office
By appointment only
Address:
PO Box 345,
Clermont QLD 4721