News & Discussion: General CBD Development

All high-rise, low-rise and street developments in the Adelaide and North Adelaide areas.
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Nathan
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Re: News & Discussion: General CBD Development

#2251 Post by Nathan » Thu Jul 05, 2018 8:51 pm

Algernon wrote:
Thu Jul 05, 2018 7:16 pm
Council not only approved the high rise parking garages destroying the fabric of the city - they also developed, owned and managed them for profit. No thanks ACC, you've had your chance.
:applause:

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Re: News & Discussion: General CBD Development

#2252 Post by HiTouch » Fri Jul 06, 2018 8:33 am

Algernon wrote:
Thu Jul 05, 2018 7:16 pm
Council not only approved the high rise parking garages destroying the fabric of the city - they also developed, owned and managed them for profit. No thanks ACC, you've had your chance.
Amen, please send this comment to Stephen Knoll.
rev wrote:
Tue Jan 29, 2019 12:55 am
If the parklands are so important why dont they put it to a vote state wide? Or are they afraid the majority will back this hotel..

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Re: News & Discussion: General CBD Development

#2253 Post by Norman » Sat Jul 28, 2018 12:01 am

Pics of the refurbished Central Market façade. Looks great!

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Re: News & Discussion: General CBD Development

#2254 Post by Patrick_27 » Sat Jul 28, 2018 1:15 pm

Agreed!

When the ACC eventually go to the drawing board for the arcade/Coles replacement, regardless of how they purpose the new arcade etc I'd love to see the façade on Grote Street replicate the previous market building that sat on the site, bringing back some uniformity and history to the strip. Picture below shows what I mean...
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Re: News & Discussion: General CBD Development

#2255 Post by aeon » Sun Jul 29, 2018 9:08 pm

Click for (much) bigger

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Re: News & Discussion: General CBD Development

#2256 Post by Stryker » Mon Jul 30, 2018 11:15 am

aeon wrote:
Sun Jul 29, 2018 9:08 pm
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Awesome photo! :applause: Is that 3 or 4 photos stitched together? Also, whereabouts is it taken from? It'll be interesting to see the difference around 2020/21.

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Re: News & Discussion: General CBD Development

#2257 Post by EBG » Mon Jul 30, 2018 11:22 am

This was in the business news in the Advertiser on 24 July - 399 king William St revisited ?
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Re: News & Discussion: General CBD Development

#2258 Post by Pikey » Mon Jul 30, 2018 11:54 am

EBG wrote:
Mon Jul 30, 2018 11:22 am
This was in the business news in the Advertiser on 24 July - 399 king William St revisited ?
Yup, the sites being flipped by the looks of things.
Walking on over....

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Re: News & Discussion: General CBD Development

#2259 Post by aeon » Mon Jul 30, 2018 10:19 pm

Stryker wrote:
Mon Jul 30, 2018 11:15 am
Awesome photo! :applause: Is that 3 or 4 photos stitched together? Also, whereabouts is it taken from? It'll be interesting to see the difference around 2020/21.
Is around 10 photos, was taken from Mt Osmond.

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Re: News & Discussion: General CBD Development

#2260 Post by Nort » Tue Jul 31, 2018 1:18 pm

Pikey wrote:
Mon Jul 30, 2018 11:54 am
EBG wrote:
Mon Jul 30, 2018 11:22 am
This was in the business news in the Advertiser on 24 July - 399 king William St revisited ?
Yup, the sites being flipped by the looks of things.
Called it!
Nort wrote:
Wed Jul 05, 2017 11:44 am
Ben wrote: Hoping it is real and a DA is lodged soon.
It's a small firm and on the status they have said it's an early sketch. Looking through more of what the firm has done it seems like a big jump from their previous work so I'm now a bit more hesitant. Wonder if it's a situation where someone is hoping to get approval for a decent sized building on the land to increase its value and flip it.

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Re: News & Discussion: General CBD Development

#2261 Post by Mpol03 » Tue Jul 31, 2018 4:48 pm

What do you mean when you say it’s been ‘flipped’?

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Re: News & Discussion: General CBD Development

#2262 Post by phenom » Tue Jul 31, 2018 5:06 pm

Stryker wrote:
Mon Jul 30, 2018 11:15 am
aeon wrote:
Sun Jul 29, 2018 9:08 pm
Click for (much) bigger

Image
Awesome photo! :applause: Is that 3 or 4 photos stitched together? Also, whereabouts is it taken from? It'll be interesting to see the difference around 2020/21.
Agree totally. It's such an interesting viewpoint because it's rare to be able to take in the whole city at once - we forget how big our 'square mile' is - twice the size of the Melbourne main CBD (Hoddle Grid).

I love the impact many of the current under constructions are having - not sure if they always used to light them up like they do these days (maybe LED lights because they don't use much power) but they really pop with life at night.

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Re: News & Discussion: General CBD Development

#2263 Post by Pikey » Tue Jul 31, 2018 6:55 pm

Mpol03 wrote:
Tue Jul 31, 2018 4:48 pm
What do you mean when you say it’s been ‘flipped’?
Purchased, plans and DA completed to increase the value of the plot, then on-sold for a profit. Happens quite a lot.
Walking on over....

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Re: News & Discussion: General CBD Development

#2264 Post by Algernon » Tue Jul 31, 2018 7:47 pm

Mpol03 wrote:
Tue Jul 31, 2018 4:48 pm
What do you mean when you say it’s been ‘flipped’?
In property, flipping is the act of buying a property with intent to hold it for a very short time, do something in that period to improve its value, then sell it to make a quick profit. It has to be quick, otherwise whatever improvement you're undertaking might be wiped out by a dip in the market. What that improvement is is really up to the type of property and what improvement can be made in a short time. So, house flippers will buy a run down house in a nice street, renovate it quickly, then sell typically within a few weeks. Or, people will buy a run down suburban house, demolish, and subdivide into two plots for instant sale, again a flip. For this sort of site, especially where there is nothing built on it, the improvement is to get a development approval for something big, then sell. The value for the buyer is either they have a ready DA to proceed and can cut that time off and get to market quicker than the competition. Alternatively, if the regulations are highly variable, or they expect a change to the development plan, buying a property with a DA means they're locking in its development potential for up to 6-8 years.

Overall, if you buy a house you don't intend to actually hold for a long time, and you're undertaking some sort of improvement, you're probably flipping it.

I was involved in it for houses and TBH... it's so much fun it isn't funny. There are some reality shows about flippers on cable TV, e.g. "Flip This House" which are great viewing as well. In Australia it's really hard to do because the government stamp duty eats a hefty chunk of the profit.

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Re: News & Discussion: General CBD Development

#2265 Post by Mpol03 » Tue Jul 31, 2018 8:52 pm

Oh wow thanks for clarifying guys I really appreciate it. Here’s hoping the new development is a solid one, considering the location.

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