Zoning determines what can be built on a piece of land, and changes to zoning can dramatically affect property values — both positively and negatively.
Residential zoning varies from low-density (R2) allowing only houses, to high-density (R4) permitting apartment buildings. A property zoned for higher density than its current use represents development potential — and often a premium price.
But zoning cuts both ways. A quiet residential street rezoned for commercial use might lose its appeal for families. Nearby land rezoned for high-density development could mean a future apartment tower blocking your views. Understanding current zoning and monitoring proposed changes through council planning portals is an essential part of property due diligence.