What are the crucial legal due diligence steps for acquiring residential development land in Queensland?

Crucial legal due diligence for acquiring Queensland residential development land involves thoroughly reviewing planning schemes, zoning, and permitted uses with the local council. Investigate any existing encumbrances, easements, or covenants affecting the title. Verify environmental regulations, including heritage overlays or flood plain designations. Assess infrastructure availability and connection costs for services like water, sewerage, and electricity. Importantly, review the contract of sale terms, particularly conditions precedent relating to development approvals, and conduct a detailed search for any Native Title implications, ensuring compliance with relevant legislation. This comprehensive approach mitigates significant acquisition risks.