Property development is a high-risk approach to accumulating wealth through property. One of biggest challenges faced by property developers is gaining council approval for development plans, which can make or break the investment. Even if an approval is given, delays caused by councils and the approval process can significantly add to the costs and eat away at profitability.
If you’re ready to take the plunge into property development, read the article written by Peter ‘the Property Professor’ Koulizos for considerations and tips in gaining council approval.
All the best with your property planning!