Browse Forums Building A New House 1 Dec 07, 2008 7:00 pm Im just about to committ to a building contract on my land. I found out there is a new stage to the estate next to my block. This was not ment to happen, but it did and council has said it would be OK. The new stage will be smaller lots I mean real small, promoting medium to high density living. 300 to 500m blocks and a lot of them maybe 1000.
It will include a small shopping centre and some sports facilities. However it will extend my street & open it up to through trafic. This will increase the trafic down our street. We all in the estate have large blocks 1500 & up. Some think this will add value to uor blocks with the intro. of sports facilities & shoping centres. Im not so sure. My opinion is if you have a life style block you intended to live on you now are next to an estate with 3 x the population all using our street with block 1/3 the size for 1/3 of the price. It will also attract investers for rentals as who would want to live in a 3 bedroon home on 300 to 350 m?? What do you guys think of the above as to devaluation of my location & the high density living nextdoor. Or will the sporting faciliies & shops increase the value. Any opinions please. Anyone elles had this in there estate? Thanks KW “It's just as unpleasant to get more than you bargain for as to get less” George Bernard Shaw. Re: New stage in planning 2Dec 07, 2008 9:58 pm Hmm, interesting question. Same thing ( sort of ) happened out at Laurimar a few years back. The initial stages were all very big blocks and it had ( and still does ) a very unique country feel. Then the current developer took over and all of the new releases are significantly smaller. The building going on in there is quite different...nice enough but it just has a completely different feel from the earlier stages. But now they are ALL getting a school and shops etc next year, which they may not have got without some extra development. I don't live there, so I can't help you as to whether property prices have dropped, but good homes on good sized blocks still seem to sell well as they are in the minority now in the general Doreen area.
As for whether it would attract a community of rentals, I guess that would depend on what other services like public transport, proximity to town, current shops and schools etc are currently nearby. I do know that I would be MIGHTY p*ssed off if I had of purchased a block thinking I was on a quiet no through road, only to later find out that my street was providing access for 1,000 new residences...and no amount of schools or shops or sporting ovals would help me get over that! Re: New stage in planning 3Dec 08, 2008 8:14 am King Willy, I think that's sort of the risk you take at the end of a street, that there may eventually be further development.
I wouldn't worry too much about the traffic flow, the estates are designed in such a way these days to minimise traffic and also to make it very difficult to speed with lots of speed humps and bends etc. As for your concern about the rentals, they are just as likely to attract young professionals as rentals. I lived in a dead end street in Hillside that was a similar area to what you are describing with medium density housing.... I think there was myself and one other house that was a rental.... all others were owned by young families getting into the market, young professional singles or couples, or retirees who had downsized. It was actually a lovely street to live with in with such diversity of residents. Jo I leave you to fend for yourself, figure things out yourself. Terrence Malick Give Jonathan a call. Tell him you know me. He is in my opinion the best surveyor I have ever worked with. His number is 0425 285 622 All the best Simeon 3 12423 I am not based in Victoria however i had a quick look into your question to understand what you were asking. The way I read the regulations, overshadowing relates to the… 1 2241 "is it exempt or do I need to get permission from council" Call your Council and ask them 1 1583 |