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[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Wed Nov 03, 2021 5:19 pm
by rev
Llessur2002 wrote: ↑Wed Nov 03, 2021 3:29 pm
VinyTapestry849 wrote: ↑Wed Nov 03, 2021 2:57 pm
If its overseas investors then its just more evidence that supports my claim; there's demand for high-rise developments from overseas.
And if true, may result in low occupancy rates and a reduced level of activation of the surrounding area. Not necessarily a great outcome for the city.
Millions in rent going offshore, terrible outcome.
Some countries are very strict with who can own property, in Australia we let anyone. The North Korean dictator could probably manage to buy a penthouse here.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Wed Nov 03, 2021 5:23 pm
by HiTouch
It's definitely not desirable. There are whole city blocks in Sydney that are foreign owned and nobody lives in any of the properties. Especially around Lidcombe. It's horrible.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Wed Nov 03, 2021 6:01 pm
by VinyTapestry849
Probably best If there's a balance
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Wed Nov 03, 2021 8:53 pm
by A-Town
HiTouch wrote: ↑Wed Nov 03, 2021 5:23 pm
It's definitely not desirable. There are whole city blocks in Sydney that are foreign owned and nobody lives in any of the properties. Especially around Lidcombe. It's horrible.
Melbourne too, most notably the north-western CBD high rises and Docklands. The laws definitely need to change.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Thu Nov 04, 2021 10:08 am
by AG
If you are not an Australian or New Zealand permanent resident, FIRB rules indicate that you cannot buy an established residential property. However, there is nothing stopping the purchase of brand new off the plan residential purchases (or any commercial/industrial purchases, subject to FIRB approval) - hence why there's so many overseas investors buying up apartments.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Thu Nov 04, 2021 6:12 pm
by Algernon
AG wrote: ↑Thu Nov 04, 2021 10:08 am
If you are not an Australian or New Zealand permanent resident, FIRB rules indicate that you cannot buy an established residential property. However, there is nothing stopping the purchase of brand new off the plan residential purchases (or any commercial/industrial purchases, subject to FIRB approval) - hence why there's so many overseas investors buying up apartments.
Hence it's foreign investment that results in something that we both want and need: the construction of new housing stock (and not just inflating the price of the existing stock).
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sat Nov 13, 2021 2:24 pm
by PeFe
Two page advertisement for this development in the Weekend Australian. Never seen that before for an Adelaide apartment development. Also an article in the Real Estate section flogging off the $10 million dollar penthouse.
[U/C] Re: [APP] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sat Nov 13, 2021 2:54 pm
by citywatcher
Algernon wrote:AG wrote: ↑Thu Nov 04, 2021 10:08 am
If you are not an Australian or New Zealand permanent resident, FIRB rules indicate that you cannot buy an established residential property. However, there is nothing stopping the purchase of brand new off the plan residential purchases (or any commercial/industrial purchases, subject to FIRB approval) - hence why there's so many overseas investors buying up apartments.
Hence it's foreign investment that results in something that we both want and need: the construction of new housing stock (and not just inflating the price of the existing stock).
Average person doesn't need a 40 storey apartment block.
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[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sun Nov 14, 2021 4:21 pm
by VinyTapestry849
My god the hilton is ugly. The sooner this starts the better.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sun Nov 14, 2021 7:32 pm
by SRW
VinyTapestry849 wrote: ↑Sun Nov 14, 2021 4:21 pm
My god the hilton is ugly. The sooner this starts the better.
The Market development won't much change the view you have shown? And I disagree re: the Hilton; it's terrible at podium level, but the tower itself is fine. The GHD/fmr SGIC building is the irredeemably ugly one IMO.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sun Jan 02, 2022 12:43 pm
by timtam20292
Chemist Warehouse has relocated across the road on Gouger Street in preparation for this development.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sun Jan 02, 2022 2:13 pm
by Nathan
timtam20292 wrote: ↑Sun Jan 02, 2022 12:43 pm
Chemist Warehouse has relocated across the road on Gouger Street in preparation for this development.
Thank fuck for that. Totally out of place for having a frontage in the market.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sun Jan 02, 2022 10:24 pm
by Nort
Nathan wrote: ↑Sun Jan 02, 2022 2:13 pm
timtam20292 wrote: ↑Sun Jan 02, 2022 12:43 pm
Chemist Warehouse has relocated across the road on Gouger Street in preparation for this development.
Thank fuck for that. Totally out of place for having a frontage in the market.
I'd suggest it's more a move since the site is being demolished rather than appropriateness for the location.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Sun Jan 02, 2022 11:12 pm
by timtam20292
Nort wrote: ↑Sun Jan 02, 2022 10:24 pm
Nathan wrote: ↑Sun Jan 02, 2022 2:13 pm
timtam20292 wrote: ↑Sun Jan 02, 2022 12:43 pm
Chemist Warehouse has relocated across the road on Gouger Street in preparation for this development.
Thank fuck for that. Totally out of place for having a frontage in the market.
I'd suggest it's more a move since the site is being demolished rather than appropriateness for the location.
Correct.
[U/C] Re: Central Market Arcade Redevelopment | 124m | 38 levels
Posted: Mon Jan 03, 2022 12:43 pm
by Nathan
Nort wrote: ↑Sun Jan 02, 2022 10:24 pm
Nathan wrote: ↑Sun Jan 02, 2022 2:13 pm
timtam20292 wrote: ↑Sun Jan 02, 2022 12:43 pm
Chemist Warehouse has relocated across the road on Gouger Street in preparation for this development.
Thank fuck for that. Totally out of place for having a frontage in the market.
I'd suggest it's more a move since the site is being demolished rather than appropriateness for the location.
No doubt, but it's still good to get them out of there.