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Zig Inge raises bar for ILU pricing: $1.2 million+ ILUs

Mar 03 2008 Updated July 4, 2023

The Weekly Source

1 min read

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.

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