It’s not just suburbs with an Apartment Frenzy

This article in the Age shows how rapid development i any location can affect an area in many ways.

City apartment ‘frenzy’

A ”FRENZY” of apartment towers granted planning permission in one corner of Melbourne’s CBD could squeeze thousands of new residents into four city blocks and change the character of the city.

The proposed concentration of developments – many of which include tiny one-bedroom apartments – could see Melbourne follow the lead of Asian cities such as Hong Kong for extreme density, according to a prominent planning academic.

Associate professor in environment and planning at RMIT, Michael Buxton, said: ”It’s changing the character of the CBD that people love irrevocably and it’s wrecking historic value.” And property experts fear a glut of apartments could affect property values and rents.

Records from the Department of Planning show 7800 new apartments are proposed for a pocket to the city’s west, bounded by La Trobe, William, Bourke and Spencer streets. The area is a microcosm of a citywide trend that began when the residential property market rebounded in 2010, on the back of strong population growth and government stimulus. Continue reading It’s not just suburbs with an Apartment Frenzy →

How could the new C96 High density rules translate to real life ?

The Planning Panel said the council should test the new  rules to see what outcomes might be…
There are already examples from recent times…
Some possible outcomes of the C96 changes if they get passed :
The 51-53 Talford St case is a good example of how the new DDO8 will be interpreted & used .  There were 2 key issues in Talford St Continue reading How could the new C96 High density rules translate to real life ? →

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 upon completion, not the sale or contract amount and you, the purchaser, are obligated to pay the difference. Let’s assume you sign a contract to Continue reading Market Risk – Off The Plan →

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 built or in progress from the councils records.

Four (4) properties were issued with building permits in 2012, that were within this criteria. Continue reading Are apartments going ahead in DD08 Zone? →

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.

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 that Council seek authorisation of the Minister for Planning to prepare a planning scheme amendment to rezone the EGC site to facilitate the future subdivision and residential development of the land.  This is the first step in Council’s consideration of Mirvac’s request to redevelop the golf course site.
 Note under  “5. CUSTOMER/COMMUNITY IMPACT
5.1. The proposed Development Plan has been lodged for Council’s consideration
at the same time as the request for amendment, so that Council and the
community can ascertain how the entire site is proposed to be developed.
5.2. Importantly, the Development Plan Overlay exempts subsequent permit
applications from advertising and exempts third party appeal rights. This
means that the amendment process is the only opportunity for residents and
other interested parties to make a submission in relation to the proposed development of the subject site. Continue reading Eastern Golf Course Residential Redevelopment Amendment C101 →

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 block on the  street was slightly out of square as it was an old neighbourhood. How ever making this small correction was going to damage the adjoining driveway etc, so they didn’t want to do it.

Legally, if you have had a section of land within your boundary or fence for over 15 years and have maintained it for that period, then it is legally yours via “Adverse Possession”

  The “no lawyer” alternative play in this case is say – “The land is legally mine via Adverse Possession, however I am willing to forgo that land if you replace the fence into it’s correct position, and make good my driveway and anything else affected by moving the fence.”  I would also suggest you Continue reading Adverse Possession – Old surveyors were not perfect →

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 yield” two storey town  house style “should” only occur on land areas less than 1800sqm, it remains subordinate to the revised table 1 to schedule 8, which does not specify Continue reading OVERDEVELOPMENT STILL POSSIBLE ON SMALLER SITES – after C96 →

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

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 development in Doncaster.

The Doncaster Hill High-rise Strategy was adopted in February 2002 as an Activity Centre with bold plan to build 4,080 high-rise apartments by the year 2021. We are now in the 12th year of the period and only Continue reading APPROPRIATENESS OF MANNINGHAM’S HIGH DENSITY STRATEGY IS QUESTIONED AS DEMAND FOR APARTMENT LIVING DECLINES →