Putting a value on your property can sometimes be difficult when emotions and past expenditure come into play. This is why a professional agent’s opinion is so important.
The NSW Government has implemented a new, simpler, and more transparent method for estimating development costs. Under these changes, the department will adopt the term 'estimated development cost' (EDC) throughout the planning system. This will impact the calculation of fees for local, regional, and state-significant developments, as well as the determination of planning approval processes.
