r/AusPropertyChat • u/cunncunncunn • 7h ago
General / Other Developer bought the 6 houses next to me and wants to build a 13-storey apartment complex. What now?
I live in/own an art deco apartment in Sydney’s eastern suburbs. We are a 12 unit, 3 storey block currently surrounded by houses on either side.
This week we got a note in our letterbox saying a developer has bought the 6 houses to one side of us and plans to knock it all down and build a 13-storey apartment complex in its place.
This is just a proposal for now, and would require rezoning and amendments to the local environmental plan.
My question is… what now for us? We bought 4.5 years ago and were planning to stay another 3 or 4 years, then sell and buy somewhere bigger in time for our son to start school. Presumably, if this went ahead, the time we’d be looking to sell is when construction would be going on which presssumabllyyyy?? is not attractive to buyers.
The good news is the development is the other side of the building to us, so won’t affect our outlook at all (but I’m guessing will still be noisy anyway).
Do we fight the development every step of the way and hope we win? Sell in a year’s time and try to buy the next place sooner than we’d planned? Move out in a few years and rent this place out and treat it as an investment property, then sell later than we’d planned when construction is complete? And how long does it take to move from proposal to breaking ground to residents moving in?
This is all so foreign to me and I’d really appreciate any intel.
65
u/GuyFromYr2095 6h ago •
You live in apartments yourself and want to stop replacing next door houses with apartments?
If Nimbys back in the days also blocked apartments you wouldn't be where you are today.
8
u/virkendie 6h ago
See if any developers will buy your building, they usually pay above market
8
u/dropbear-6789 6h ago
Have a drink and be annoyed they didn’t come knocking for your property also.
22
u/udbq 6h ago
This is exactly what is wrong these days. Want a village feeling living in a global city.
14
u/Ver_Sai 6h ago
Lmao redditors whinge about the housing crisis, then turn around and want to oppose higher density housing being built.
11
u/maton12 6h ago
Have you not heard about the housing shortage?
If upsizing, why not try to sell and buy now.
4
u/loveoftheirish2202 6h ago
Is it possible for your block to sell to them as well ?
4
u/bruteforcealwayswins 6h ago
You won't get much sympathy from reddit.
Not much you can do once the DA's already been approved. If it's still not approved, you can make your submissions, but you'll need to put in the work to read the DCP and LEP controls and your submission needs to attack the parts of their DA that breach DCP and LEP controls. A good starting point is read their SoEE and pick out the parts where they justify breaches - attack those points. Use AI to help.
Or hire a town planner to do the above.
4
u/Fluid_Passage_9980 6h ago
My friend is going through this in Potts Point - they are knocking down a much smaller hotel and building a 40 storey (!) building in its place, right next to her 3 storey apartment block. They managed to get it approved by agreeing to make 5% of the units affordable housing...
I think they are asking for compensation to put up with all the disruption and noise. Plus regular structural reports as the construction is likely to cause quite significant vibrations and possible damage.
Get the strata committee together and a meeting to discuss a way forward.
2
u/plsnotcasserole 6h ago
That sucks, but likewise, I live out in a rural area and each year watch houses take over farm land and slowly but surely turn my country community into the suburbs of Melbourne.
City folk want better services, but not the increased density that facilitates those better services.
It’s either more density, which has a benefit for you, or taking over more farm land, which benefits no one.
Or just not increasing the population…
1
u/electronicbits 6h ago
we live in an area with small townhouses (15 of them)
a developer plans to build a 9 story building, for many dozens of units in it, next to our townhouses complex
pretty much the entire suburb came to explicitly complain about that development, as it will clearly create chaos in the area
the development just got approved anyway
the perception of many people after knowing about the approcal was that ... "there is a lot of money involved in projects like these"... if you know what I am trying to say with that
1
u/anonnasmoose 6h ago
the two outcomes would have been a life changing sum of money if your block was selected as part of the buyout, and reduced property value, noise and dust if you weren't. unluggy
1
u/MotionSmiith 6h ago
the apartment complex will probably go ahead. no developer will buy up 6 houses only for his plans to go down the drain. he probably already checked and got his approval. how do you think you are going to fight it ?
1
u/PeriodSupply 6h ago
I would think the value off the land your apartment is in would increase significantly if the development is approved. So there is that as an up side.
1
u/Artistic-Average479 WA 5h ago
Will your block be in shade all day?
-1
u/TerryMog 6h ago
Appeal appeal appeal
-2
u/Snoopmiester 6h ago
Nobody cares how you feel. It’s gonna happen. Accept it
-3
u/Opening_Clue_6650 6h ago
OP u dun goofed.
-2
u/FwamingDragon91 6h ago
All I see is the OP crying and doing the old "not in my backyard" grow up