SkyscraperCity banner

621 - 637 of 637 Posts

·
Registered
Joined
·
569 Posts
Eurgh.
 
  • Like
Reactions: cnd

·
Registered
Joined
·
19,002 Posts
What is what?? Need some clarification.

Top image is promising but the 2nd image is a prime example of visual chaos, a total 'mare's nest'!!
 

·
Registered
Joined
·
6,070 Posts
The Great Wall of Mascot. 😟

Dear CoS: see what happens when you chop everything off at 6 or 13 storeys?
A bit disturbing and certainly not 'the latest in townplanning' principles as Mrs C has asserted.
Just a much lower version of Melbourne’s skyline, where nearly everything tall tops out at around 200m.
 

·
Registered
Joined
·
774 Posts


After a long battle with Randwick Council to obtain a rezoning and development approval for their Kingsford site, Toga have recently transferred their site for $45M.

The 1,960sqm site at 391-397A Anzac Parade and 17 Bunnerong Road, Kingsford adjoins the Kingsford nine-ways intersection, alongside the Kingsford light rail station.
Council endorsed the new scheme in May 2019 and the new planning strategy, which is currently on exhibition, would see the FSR for the Toga site increased to 5:1 and the height limit to 15 storeys.

The new planning control would provide for approximately 105 apartments on the site, and on this basis, the $45M sale price would translate to $428,000 per apartment or $22,960/sqm of site area, which appears to be well above market. A nearby site at 22 Gardeners Rd, DA approved for 50 apartments sold in April 2019 for $10M ie $200,000 per apartment of $11,765/sqm of site area.

The nominated purchaser is Perpetual Corporate Trustee so given the high transfer price, this transfer may be to another Toga entity or otherwise represent a major win for to Toga.


Axonometric with density concentrated around new parklands, east west connections, and Anzac Parade.
Structure Plan showing Anzac Parade and the Mill Stream landscape corridor.
BENNETT AND TRIMBLE

Capital Management Australia
 

·
Registered
Joined
·
774 Posts
Proposed Mixed Use Development – Boarding House and Commercial Use 395-397A Anzac Parade and 1 and 17 Bunnerong Road, Kingsford (Lot 1 DP34728, Lot 2 DP 902648, Lot 1 and Lot 2 DP959667) Construction of an eighteen (18) storey mixed-use development comprising ground / first / second floor commercial and a boarding house comprising 399 boarding rooms and a manager’s room, basement parking, public plaza, pedestrian through-site links, signage, earthworks, landscaping and associated works (variations to building height and FSR standards of the RLEP 2012).
 

·
Registered
Joined
·
5,025 Posts
What's this light rail track along Todman ave? Looks like it's heading towards Green Square?
Somebody's fantasy, a bit like the thought you could ring Kensington Park in mid-rise, or open up the stormwater drain once known as Botany Creek from Randwick Racecourse through to Eastlakes.
 

·
Registered
Joined
·
774 Posts
NSW to cut land tax for 20 years in ambitious build-to-rent scheme.
By Alexandra Smith July 29, 2020 — 12.00am
The Berejiklian government will cut land tax for the next 20 years for new build-to-rent housing projects in an Australian-first designed to give renters longer-term leases.

NSW will give a 50 per cent discount on land tax to developers who invest in build-to-rent schemes, which are designed to provide better quality rental properties and long tenancy agreements.

Treasurer Dominic Perrottet said the scheme would provide more housing options, greater certainty for renters, boost construction and support jobs during the COVID‑19 recovery.

"Build-to-rent is popular overseas but still in its infancy in Australia, and we want to remove the barrier and allow this segment of the market to grow," Mr Perrottet said.

"Renters benefit through greater choice because the focus is placed on them, rather than just geared towards property owners."
Mr Perrottet said build-to-rent developments would be attractive to young people and families who were not ready to buy a home but wanted to avoid regularly moving between rental properties.
"This will provide further confidence, boost the housing construction industry, create more options for investors and builders of developments and ultimately more housing options and security for tenants," Mr Perrottet said.
To be eligible for the 50 per cent land tax discount, a build‑to‑rent development in metropolitan areas must have at least 50 units, with a different threshold for regional areas to be considered.

Construction must have started on or after July 1 and the projects need to provide purpose-built rental units, be managed under unified single ownership and include options for longer leases.

Mr Perrottet said the tax cut would encourage build-to-rent developments by ensuring they were subject to similar overall amounts of state tax as comparable build-to-sell developments.

An exemption from foreign investor surcharges will also be provided until 2040 for build‑to‑rent developers and integrity measures will be included to ensure discounts are not used for tax avoidance.

Legislation for the land tax cuts will be introduced into NSW Parliament on Wednesday.
The government is also exhibiting a new planning policy that includes proposed development standards for build-to-rent projects across the state.

It will include design guidance on context and character, sustainability and amenity.

Planning Minister Rob Stokes said the proposed changes would simplify planning controls to support investment in diverse and affordable housing types including build-to-rent, co-living, social and student housing.

The proposals also include new measures to help the NSW Land and Housing Corporation deliver more social housing on government-owned land and changes to controls for seniors housing and boarding houses to ensure those developments are in the right locations.

The Housing Diversity state environmental planning policy is on exhibition until September 9. Full eligibility criteria for build-to-rent projects will be set out in guidelines for the industry in coming weeks.

Alexandra Smith
is the State Political Editor of The Sydney Morning Herald.
 

·
Registered
Joined
·
774 Posts
Stamp duty paused for NSW first home buyers to boost construction.
The Berejiklian government will temporarily axe stamp duty on new homes under $800,000 for first home buyers in a bid to boost construction and create jobs amid the COVID-19 crisis.

Premier Gladys Berejiklian said the government expected more than 6000 first home buyers would benefit from the changes, saving eligible first home buyers thousands of dollars

Under the changes, the threshold for stamp duty being charged on new homes for first home buyers will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million. The stamp duty threshold on vacant land will also rise from $350,000 to $400,000 and will phase out at $500,000.

The change to the thresholds will only apply to newly-built homes and vacant land, not to existing homes, and will last for 12-months, starting on August 1.

The state will also continue to offer a $10,000 first homeowner grant, which is available to people buying a new first home worth no more than $600,000, or buying land and building a new first home worth no more than $750,000.
Stamp Duty
 

·
Registered
Joined
·
774 Posts
Below is a 1966 advertisement for home units at Eastlakes. These were built by Parkes Developments. The 4750 pounds would equate to $11 500. According to the RBA Inflation Calculator, the price of the units would cost approximately $ 602 500 in today's money.



‘Bridesmaid’ suburbs: cheaper alternatives to dream postcodes where homes cost half as much
Aidan Devine
8 Aug 2020
 
621 - 637 of 637 Posts
Top