As we moved into the new year of 2012, I found myself celebrating another milestone.  One of the council’s we work under finally gazetted a new LEP – Local Environmental Plan.  Right now, the NSW planning system is undergoing the biggest change in 30 years. The NSW Government is changing the way that LEPs are developed and approved for our communities.  This means many councils are undergoing a change to their LEP.

Personally, I am really bullish on the investment property market for 2012.  Please note my reference to ‘investment’ market as I do see a split between the owner occupier markets and think these may remain subdued or perhaps grow slowly.  Its property investors that will dive into action and stimulate the market into a steady capital growth wave.