New R20 zoning could mean losses more than $200,000 for some

Under new changes to property zoning laws in Australia which will come into affect from April 2009 , people could be losing upto $200,000 on their land they were planing to redevelop.

Under the new law properties zoned R20 with a land holding between 900 sq m and 1000 sq m will not longer be entitled to duplex sub-division.

Zoning laws have pretty much been the same for the last 20 years and this change will affect many residents or retirees who had planned to redevelop or downsize after retirement. You could possibly gain approval to do the redevelopment before the law changes but do check on the details from the local authority or councils for more details on this.

Ironically this law comes at a time , when there has been massive immigration levels and people coming into WA and there is also a bit of squeeze on the rental market for new immigrants into Australia.

New laws would change the minimum to 1000 sq m to subdivide the property.

Pls check links below for details about these proposed law changes