What are the essential due diligence steps for evaluating a residential development site in regional Victoria?
Essential due diligence for a regional Victorian residential development site commences with thorough planning scheme analysis via Planning.vic.gov.au to ascertain zoning, overlays, and permitted uses. A detailed site survey is crucial to identify boundaries, existing services, and potential encumbrances. Engage local consultants for geotechnical assessments, bushfire risk appraisals, and preliminary environmental impact studies. Investigate infrastructure availability, including water, sewerage, electricity, and telecommunications, and assess connection costs. Finally, evaluate market demand and comparable sales data through platforms like CoreLogic or Domain to ensure project viability and optimise dwelling typology for the regional demographic.