What are the essential due diligence checks for acquiring a residential development site in outer suburban Brisbane?
Essential due diligence for outer suburban Brisbane residential development sites includes thorough town planning checks, assessing zoning, overlays (e.g., flood, bushfire, character), and development codes for permissible density and building envelopes. Critical infrastructure assessments for water, sewer, power, and storm water are vital, alongside evaluating connection capacities and potential upgrade costs. Geotechnical investigations are crucial to understand soil conditions, particularly for reactive clays or fill. Additionally, market analysis, including local housing demand, competitor activity, and absorption rates, is necessary to confirm project feasibility and pricing strategies. Legal due diligence on title, easements, and encumbrances is also paramount.