How Zoning Affects Property Valuation in Australia
Zoning plays a significant role in determining the value of a property in Australia. Whether you’re a homeowner, investor, or developer, the land use classification assigned by local government can greatly influence what a property is worth—and what it can be used for. What Is Zoning? Zoning refers to the legal classification of land use as defined by local councils and planning authorities. It determines what type of activities can occur on a property, such as: Residential Commercial Industrial