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), according to the Manningham website households data, indicates a growth rate of NEARLY 4 times that of apartments (1.5% to 0.4%)

Which is a disaster when you consider the huge amount of promotion the Doncaster Hill strategy has received from Manningham Council in the last decade.

This might explain council’s changes to sub-precinct A and B where a predominance of two story town house style units are planned. (You would think they would need to be larger than studio apartments)

Interest in units on the rise Leader 2013 April

 

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