The Government’s proposal to impose a foreign ownership property tax had not impeded overseas investment in Doncaster. The tax is now being reviewed after it emerged there were potentially unintentional consequences for first home buyers and larger developer companies that have significant foreign ownership.
A property at 21 Clay Drive, Doncaster (931 M2), recently sold at auction for $2.350 Million, has set a new benchmark asking price of $2,524 per M2 for properties in Sub precincts A & B in Precinct Two. At this rate an average block of land of 700 m2 could fetch more than $1.766 Million in either of the two Sub precincts. A planning permit application for seven (7) two storey townhouses has been lodged
Sub-precinct A Shown on the Manningham Planning Scheme maps as DDO8-2 is an area where two storey units (9 metres) and three storey (11 metres) apartment style developments are encouraged. Three storey, contemporary developments should only occur on land with a minimum area of 1,800m2. Where the land comprises more than one lot, the lots must be consecutive lots which are side by side and have a shared frontage. The area of 1,800m² must be all in the same sub-precinct. In this sub-precinct, if a lot has an area less than 1,800m², a townhouse style development proposal only will be considered, but development should be a maximum of two storeys. All development in sub-precinct A should have a maximum site coverage of 60 percent. Higher developments on the perimeter of sub-precinct A should be designed so that the height and form are sufficiently stepped down, so that the scale and form complement the interface of sub-precinct B, or other adjoining zone.
Sub-precinct B (shown on Manningham Planning Scheme maps as DDO8-3) is an area
where single storey and two storey dwellings only will be considered and development
should have a maximum site coverage of 60 percent. There is no minimum land area for such developments.
Development in Precinct 2 should:
Provide for contemporary architecture Achieve high design standards
Provide visual interest and make a positive contribution to the streetscape
Provide a graduated building line from side and rear boundaries
Minimise adverse amenity impacts on adjoining properties
Use varied and durable building materials
Incorporate a landscape treatment that enhances the overall appearance of the
Integrate car parking requirements into the design of buildings and landform
Link to Manningham Planning Scheme for full detail mss 2014