Latest chapter in the redevelopment at Scarborough - public submissions now open on proposed 43 storey building at the old Contacio's site.

Not necessarily suggesting this has a direct impact on windsurfing at Scarbs but there may be a few here interested enough to comment.

Note by comparison Rendezvous is 24 storeys and the current planning scheme limits developments to 18 storeys in the usual course.

Story here: thewest.com.au/news/perth/twin-tower-skyscraper-for-scarborough-ng-b88428309z

Public comment here: http://www.mra.wa.gov.au/public-comments/development-application-lot-601-no-10-scarborough-beach-road-scarborough-proposed-43-storey-mixed-use-development

I'm sure if the right people are slipped enough money suddenly all the current building restrictions will suddenly change and the building will go ahead

Hm... given they are also building hundreds of apartments at the Quay I seriously wondering were all those residents will come from?

I am not against any development I am just puzzled what the thinking is behind pushing for developments of this scale when population growth in WA has almost gone into reverse and will most likely go down since baby boomers are starting to make up the biggest chunk of the population. Never mind the job market not looking particularly flash at the moment.

That said I doubt it will have any impact on the wind.

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stehsegler said..
Hm... given they are also building hundreds of apartments at the Quay I seriously wondering were all those residents will come from?

I am not against any development I am just puzzled what the thinking is behind pushing for developments of this scale when population growth in WA has almost gone into reverse and will most likely go down since baby boomers are starting to make up the biggest chunk of the population. Never mind the job market not looking particularly flash at the moment.

That said I doubt it will have any impact on the wind.

Don't worry, Chinese investors may buy them. After all, the project is being pushed and fully funded by a Chinese property/media/tourism giant. Perhaps they'll use Perth as a cheaper alternative to Sydney and Melbourne

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Don't worry, Chinese investors may buy them. After all, the project is being pushed and fully funded by a Chinese property/media/tourism giant. Perhaps they'll use Perth as a cheaper alternative to Sydney and Melbourne

If that's the case a lot of the developed property will end up just sitting empty. I have to say though I wish the Australian government would start slapping a healthy premium on property purchased by foreigners similar to the 15% tax they introduced in Vancouver. I don't care if foreigners buy property here but there needs to be a level playing field.

For example if you are based out of Singapore interest rates for property hover somewhere around 0.9% . I don't see how an Australian owner/occupier family borrowing at 4 to 5% can compete with that.And while we are at it let's slap another tax onto every property left sitting empty. It's insane to have markets like Melbourne were there is literally no "affordable housing" yet between 10 and 20% of property is sitting around empty. Meanwhile developer are saying the problem is not enough available land.

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stehsegler said..

For example if you are based out of Singapore interest rates for property hover somewhere around 0.9% . I don't see how an Australian owner/occupier family borrowing at 4 to 5% can compete with that.

Not getting into a debate about your point, but perhaps you could borrow Singapore dollars at 0.9% but you can't borrow Australian dollars at that rate, so it isn't a realistic comparison and doesn't really have any bearing on the issue.