Posted 29/5/07
Poor Doncaster is under attack. This comparison of costs between Doncaster and Docklands is interesting and explains why the Mitcham Twin Towers did not get off the ground.
| High rise apartments in Docklands or The Esplanade can be purchased for approximately $5,500.00 per M2. | The same product on Doncaster Hill will cost up to $6,500.00 per m2. ( foreclosures not included) |
| In Docklands or St Kilda you have a variety of views, a host of amenities and close proximity to the CBD | On Doncaster Hill you are 18 kms by road or 14.9 kms as the crow flies to the GPO, with obstructed views of the City and you overlook a shopping centre. |
| Docklands and St Kilda areas have all forms of transport including a world class railway station. | Doncaster Hill might have one mode of transport 3 years from now. |
Established properties including townhouses in the Doncaster area sell for between $2,700 to $3,200 m2......
in addition you have a block of land.
High rise apartment body corporate fees will be in excess of $5,000.00 annually.
Vancouver has made significant progress..... look where their high rise development is located
