Zig Inge has submitted its DA for the recently purchased Vaucluse High site in Sydneys prestigious Eastern Suburbs. Asking for permission to build 78 ILUs equates to a land content per unit of $385,000 based on the $30 million purchase price. If they get approval for all 78 they will need to price at $1.2 million+ to cover development costs, communal facilities and possible legal fights with the historically difficult council and neighbours.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home