ACTPLA have announced a huge new development has been approved for the old Jamison Inn site at Macquarie.
ACTPLA’s Chief Planning Executive, Neil Savery, said the redevelopment would comprise eight 4-6 storey buildings with commercial and non-commercial uses allowed on the ground level and basement parking.
“The proposal is an excellent design that optimises the use of underutilised land close to a group centre,” Mr Savery said.
“The development meets the Government’s policy objective for infill development, which will help the city become more sustainable and increase housing choice in this location.
“It is close to a group centre, town centre, the University of Canberra, Calvary hospital and a major transport corridor. When people can live, work, study, shop and play near their home, they are more likely to walk, ride or use public transport than drive.
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agent00 said :
Not quite. Unfortunately I’m one of the much maligned “greedy investors” because I have the audacity to own more than 1 residential property, and therefore nearly as unpopular as disingenuously self-promoting real estate agents.
Nearly.
This is the kind of development that Canberra needs – close to the shops, school, hospital, etc. Instead of building out, we need more medium density housing options like this. Otherwise, when will there ever be a light rail line? 2050?
devils_advocate said :
Sounds like you just got your loan application shut down. LOL.
Gerry-Built said :
LOL. So you can build what is a fundamentally crappy apartment, smaller than any of the houses in the immediate vicinity, and just by slapping a ridiculous price tag on it, ensure that you get the “right” type of people in there? Um, no.
What happens is you attract the right type of idiot – the onewith access to finance that is out of all proportion to their intelligence. They realise they can’t make the repayments, and worse still, can’t cover a significant amount of the repayments by letting it out, and then you have the forced sales, often at substantial discounts to the purchase price.
Seen it plenty of times before.
agent00 said :
Seriosly – there has to be some sort of declaration of interests for this bloke to keep posting doesn’t there?
agent00 said :
EER of 3.5 (not great, but not zero). 7 minute drive to Jamo
agent00 said :
Lol!
Then how come Tony Abbott isn’t in gaol?
farnarkler said :
From where did you hear that? You do know you can get into legal troubles by spreading false information, right?
Jethro said :
30ys old with EER of 0? And why live 25km out from city centre when you can live close to a major town centre in walking distance to all the amenities you can think of. And about the quality and the finishing, pay a visit to Space the Residence in Turner to see for yourself. It’s been there for 6+ years and still showing no sign of aging.
agent00 said :
My 30 year old 3 beddie (all double sized) in Belco has ducted reverse cycle AC. It also has a renovated kitchen and one renovated bathroom (that’s right, we have 2 bathrooms).
Cost less than a 2 beddie apartment at one of these places too. AND I don’t have to worry about structural problems that will appear in 2 years time due to shoddy workmanship. People bag out old homes, but they tend to be built to a much higher standard. The problems with some of the apartments at the Kingston Foreshore stand as an example of the issues that can arise from buying new instead of established. Friends of mine who bought new homes in new suburbs at the same time I bought my established one have had to deal with structural problems, whereas I haven’t spent a cent other than a new coat of paint and some money in the garden for my vegies and fruit trees.
Why someone would spend so much on a 1 or 2 beddie apartment in Macquarie when you could buy a proper house for the same price a couple of suburbs further out is beyond me.
You cannot be serious? They are marketing boxes @ Jamo for 900,000 clams-haaaahaaaabhaaa
Just remember that some of those units will go to Housing ACT and NGOs. Residents in their properties range from little old ladies who are nice as pie to drug dealing scum no-hopers who’ll intimidate everyone around them.
Keijidosha said :
Well, how many of you have ducted rangehood and ducted AC in your home?
Visit the sales office and see for yourself. There will be more than enough parking on-site so those who are concerned should stop worrying. The apartments are being built by the same people who put up Space the residence in Turner. So it will be a high quality development rather than a slum as many are claiming it to be.
Space the Residence Turner
http://www.architecture.com.au/awards_search?option=showaward&entryno=2009014118
p1 said :
322 units will generate a heck of a lot of stamp duty revenue. Not to mention hundreds of thousands in rates every year.
Sounds like reasonable compensation to me.
Martlark said :
I tend to agree that the space in question might well be better used. What I do wonder about is if the private developers have compensated the public for the loss of use of the space, however inefficient that use may have been?
p1 said :
Always thought this was a tremendous waste of space for what is a minor road joining another slightly less minor road. A prime example of the ostentatious gigantism that pretends to be ‘good’ planning in much of Canberra.
Thumper said :
And then in the 90’s it was karaoke with the Ugly Sambucca Brothers…yeehhhhh!!!
GBT said :
I agree with most of your post…. but a step up? If $340K prices are a step up, these people must be aiming high.
Gerry-Built said :
Really? How is that happening? It is a mighty useful bit of road, and it has been for at least twenty years that I remember. So how is it to be turned over to a private owner? My understanding is that roads which are open to the public become public right of ways after that long.
Martlark said :
Give up. Some of the people on this site have their heads so far up their own ass it’s ridiculous. Apparently anything that doesn’t meet their standards or anything at all in Gungahlin is a slum or a ghetto. It doesn’t occur to some that other people have no issue living in apartments or that it might be a step on the way up.
Some of you need to go and spend a week living in a favela because you seem to be so far out of touch with reality that you think medium/high density housing in a city as affluent as Canberra is a slum.