Zig and Peter Inge used just $8.42M of their approx. $630M they receive when they sold their 19 village portfolio to RVG in late 2007 to purchase a 5,200sqm site in Richmond, near the Yarra River. They have now dumped plans to develop it themselves and are selling, seeking $13M, having won building approval for 189 apartments, 19 townhouses and 850sqm of commercial space.
NSW delivered big development lift: Seniors Housing bonus in R1, R2 and R3 zones part of new NSW Transport Oriented Development planning reforms
The call by planners to include seniors housing in the new building zones around 37 railway stations as part of changes to the Housing SEPP has been agreed. The seniors housing bonus, which includes bonus floor space incentives of between 15% and...