I want to get the incentives, but won’t having my building listed mean that I won’t be able to develop and potentially reduce the value of my property?
Let’s deal with these issues separately. Having a property listed on the City Planning Scheme means that the Council has to take into account the heritage values of the property when considering any future planning application. This is just one of many issues that are addressed and won’t in any way rule out development. There are a number of places where development has taken place around or above a listed building (look at BankWest Tower or Raine Square) or demolition has been authorised to allow new development. A heritage listing can actually increase the development options, as you can qualify for bonus plot ratio (see the brochure on development incentives). The value of property in a buoyant property market is usually established by the value of the land. It is therefore often assumed that a heritage listing will suppress property value by limiting the development potential of the site. As explained above, however, this is not the case, so a heritage place can actually increase t
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