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.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
