Zoning, planning, infrastructure and community spirit will all have a significant impact on property prices.
In this episode I have the pleasure of chatting with Warwick Leeson OAM, who was several times the elected mayor of his local council Nillumbik that covers part of Melbourne's northern growth corridor and the green wedge suburbs. Councils are in the unique position to bestow property owners with all sorts of benefits that can make the location more desirable and hence of course more valuable.
I ask Warwick things like do councils really appreciate or understand the financial value that planning and infrastructure changes can create for landholders? What role does property play in local government thinking and decision making and when considering a particular development, do council consider the uplift in the land values associated with the project? A great chance to talk to a key decision maker about the inner workings of local councils.