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October 2015

CHEAPER TO PAY RENT THAN TO BUY APARTMENT

If you had purchased a detached house in Doncaster around December 2011 and sold it today the sale price could have doubled. In the same period apartment prices in the area have not increased which means many apartment owners wanting to sell this year would be lucky to redeem their initial outlay. If a couple […]

DEVELOPER WANTS EXTRA STOREY DISPENSATION

DDO8 concerning the 51-53 Beverley St proposal in Sub-Precinct A (In red italic for emphasis) is: Sub-precinct A 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 1800m2. Where the land comprises more than […]

CAR POOLING MIGHT EASE TRAFFIC GRIDLOCK

An independent study has found that, unless action is taken soon, the number of privately owned vehicles in Melbourne will grow by almost 50% by 2021, creating unprecedented congestion, poor quality of life and a damaged economy. The report, prepared by Philip Boyle & Associates, a leading public transportation consultant, concluded car share is virtually […]

COUNCILS LIABLE FOR INJURY ON SHARED PATHS

Manningham must now build dedicated bicycle paths–Footpaths are for pedestrians. Leading law firm Slater and Gordon have confirmed that Councils and the RTA  could be liable for any deaths or injuries occurring on shared bicycle paths. Currently there are no Speed Limits–No Risk Analysis or Duty of Care –No Insurance Cover–No Identification Required for Cyclists–No Means […]

COUNCIL WANT MORE PEOPLE TO WALK & CYCLE

“With the growth of Doncaster Hill a recent study forecasts a significant increase in locally generated traffic. In order to enhance livability and community well being we want to work with the community to come up with solutions as to how we can get more people to walk, cycle and use public transport”. Doncaster Road […]

NO CAPITAL RETURNS FOR APARTMENT INVESTORS

Clearly, without overseas buyers, many off-plan projects on Doncaster Hill would not be proceeding. However if overseas buyers wish to sell they will incur heavy losses because of the difference between the prices paid through overseas intermediaries and what they will fetch on the falling local market. According to SQM research, asking prices for 2 […]