Can't see the wood for the trees

A wise guy, John Heywood, a playwright and composer, quoted "you can't see the wood for the trees".

What I am speaking about in this post may help define what I believe is happening in some areas of real estate that are escalating in price at the moment.  The average "battler" could easily get dejected about ever owning a home or investment property.  Why?

•  Some areas are coming close to changing zones (look at a Town Plan to realise the various categories/zones).
•  The land becomes more valuable the closer it is to the CBD, especially with the zoning changes in these "bubble" buying districts. Slowly overtime, as demand for inner city land increases, the zonings will/can change from, eg residential rural, residential, low density, high density, dual occupancy, commercial/industrial, and so on.  
• When a town plan is altered (as time goes by) there is a variation in rateable land, determined by the above zonings/categories.

Every day while exercising I see blocks/houses with For Sale/Sold signs indicating there is change of ownership for various reasons, like:

• Renovation
• Upgrading
• Subdividing (1 block becomes 2)
• Construction of a block of units

Blocks of land with a wide frontage are always attractive to developers.  These homes are not usually something a new home buyer would seek as there is probably at least more than 50 years of growth already in place causing the "bubble" and the high prices a buyer is asked to pay seems unreasonable. 

If getting started is looking clearer now turn to Chapter 9.