What’s happening in Western Sydney? DA was withdrawn?

General manager Mick Owens said it had decided to withdraw the application, which would have seen a combination of detached and attached two-storey homes and Fonzi flats off Ducros Street alongside of larger family homes, to allow more time to discuss the proposal with the nearby residents.

‘‘We think it’s a very good proposal, but when we were going through and checked what was said to people was factually correct…but it would normally have been highlighted in the plans,’’ he said.

‘‘It is slightly smaller lots than people probably would have expected and we want to work with the residents without any time pressure.’’

Mr Owens said the development’s master plan would normally specify where more dense development would take place, and while the proposed development was allowable within the lot’s zoning, the plan should have highlighted the potential for the townhouse-style homes.

Source: http://www.southernweekly.com.au/story/2827796/oran-park-townhouse-application-withdrawn/?cs=1252

This could have avoided if the residence are getting the correct advice.

-The RICQS team
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January 21, 2015
Categories:INDUSTRY CHANGES, INTERESTING ARTICLES
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What developers should consider after the interest rate cut?

Developers and investors in Australia are smiling after the Reserve Bank lowered interest rates earlier this week.

“Although getting approvals for new apartment developments in Sydney is easier than it was a year or two back, converting those approvals into finished apartments remains a hazardous course. Meanwhile, Chinese developers entering the Sydney market will also face these problems and will need to learn how to use the legal system in NSW to overcome roadblocks.” – source The Australian

Understanding of State and local government authorities development rules and regulations can be daunting.

Here at RICQS we recommend that local and foreign investors in Australia contact an AIQS accredited Quantity Surveyor for the right guidance and advice.

Article source: http://www.theaustralian.com.au/business/property/interest-rate-cut-will-help-raise-rent-prices/story-fn9656lz-1227208304406

– The RICQS team
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Aaron Ho
February 5, 2015
Categories:INDUSTRY CHANGES, RICQS NEWS