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First-timers give areas faceliftRenewed interest in property on the part of first-time buyers is spurring wholesale upgrading in areas that had become run down or neglected.Upmarket not always best valueInvestors and homeowners who shunned older, lower- to middle-income areas in favour of luxury, upmarket suburbs may have lost out on some spectacular capital gains last year. By Joan MullerWhy agents should monitor zoning and development plansThese laws determine how land within specific areas can be used, directly impacting property use and value. Understanding zoning laws is essential for property owners, prospective buyers, and real estate professionals, especially in relation to property development and investment.