G’Day,

When doing due diligence on sites it is really important that you pay attention to detail as an error in your due diligence can translate through the whole development process and impact potential profit. Due diligence is a critical element in site selection and you will need to research areas such as the surrounding heritage & environment, infrastructure, flooding issues, land use and land access for constraints.

Infrastructure constraints;
Sewer – availability, location of existing services, need for consent from adjoining landowners, sewerage capacity in relation to size of development, impact of slope of site on gravity of feed system…will all have an impact on your development.

Water – water pressure, availability, capacity of water supply, fire hydrants necessary and cost of installation for larger developments. Is the development in buffer zone for water storage catchments?

Power and communication – location of nearest infrastructure will need to be checked as not all overhead power is always available for connection. Power easement constraints may affect future development. There will be council controls over building near transmission cables. If the power and/or Telstra is across the road there may be a cost of tunneling underground.

Environmental constraints – There may be vegetation protection in place. You will need to check the local government for restrictions on clearing.

Access constraints – you will need to check the area you are thinking of developing for road widening, tunnels, approvals on adjoining land, or if the development requires access through adjoining land. Larger developments will require traffic reports.

Local knowledge is invaluable when researching your site and it is important that you are fully aware of any constraints that may be in place as these will have a huge impact on your development. When doing your due diligence you do need to be really thorough as this stage of research can make a deal and avoid any disruptions and cost blow outs along the way as delays can have a huge impact on the profitability of developments.

Cheers
The CCORP Team!