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August 2013

Market Risk – Off The Plan

There are Significant Risk factors,  especially in a falling market or during a glut of unsold apartments in outer suburbia… Market Risk – Let’s assume you paid the right amount to begin with and, when the property is complete, the market has dropped 15 per cent. The bank will only lend on the property’s value […]

Are apartments going ahead in DD08 Zone?

With all the Manningham councils push for apartments in these DD08 high density zones, are they actually getting built? A check of Building Permits issued in 2012 for 10 or more units for properties within precincts A & B of DD08 was recently conducted, there were four. We were unable to ascertain how many were […]

Manningham Apartment Growth and Ongoing Value

Just keeping an eye on how the apartments and houses are traveling in Manningham – follow the link below for the latest, and check your own suburb. Approved developments in DDO8 usually require a large number of units presold, before building can begin.. Excerpt below from the attached data is hardly encouraging for apartment investors.

Eastern Golf Course Residential Redevelopment Amendment C101

Susie has been monitoring this one for us,  there’s going to be a lot of traffic on it soon You can see from the extensive list of changes below that the councilors are challenging the planning departments reports… A very good thing we think. At the Council meeting on 27 August 2013, a report recommending […]

Adverse Possession – Old surveyors were not perfect

Recently a friend of mine told me of a battle beig fought over a several inches of soil between two neighbors. One building a new house was told by the builders that the fence was in the wrong place, and had to be moved a foot over to match the plans.  It turns out each […]

OVERDEVELOPMENT STILL POSSIBLE ON SMALLER SITES – after C96

How safe do you think side streets are from over development? Manningham Council’s decision not to insert a condition prescribing a limit of two storey development on smaller sites, in the revised table 1 to schedule 8 document, has created a great deal of uncertainty. Whilst the Municipal Strategic Statement (MSS) has indicated that “high […]

Interest in Units on the Rise – not so much appartments.

This Leader article backs up our recent articles around the lack of  appartment progress in Manningham. The attached leader article reports comments from leading Doncaster real estate agent. Notably that “people do not want to compromise their home but do not want a quarter acre block”, which might explain why units (villa or town houses), […]

APPROPRIATENESS OF MANNINGHAM’S HIGH DENSITY STRATEGY IS QUESTIONED AS DEMAND FOR APARTMENT LIVING DECLINES

“Sandman Oz” shares some thoughts on why Highrise  hasn’t ever moved in Manningham… Speculative permits, risks associated with purchasing off the plan, lack of a fixed rail infrastructure, lack of public off street parking and difficult terrain are among the factors contributing to a low demand that has stymied the progress of high density apartment […]

Manningham Council Website (HOUSEHOLDS) and ABS

These percentages suggest that  the Doncaster Hill and DDO8 apartment strategies are simply not working… Population The 2011 Census Estimated Resident Population of Manningham was 116,958, an increase of 1.6% from 2006 Doncaster, which include  Doncaster Hill and much of  DDO8, was  only1.52% in the 5 year period compared to a national growth of 1.8% […]

How Long Should We Wait – Action 2.3: Review cul de sacs and side streets within sub-precinct A of DDO8 – Council Agenda 28 May 2013

If you ask an important question of your council how long is it fair to wait ? One seasoned and concerned rate payer wanted to share this.. ++++ Original Request as sent by email +++ Now a month old… no council answers  yet. Sent: Friday, July 05, 2013 12:27 PM Subject: Action 2.3: Review cul […]