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Monash council public open space contribution

Discussion in 'Development' started by shorty, 6th Aug, 2015.

  1. shorty

    shorty Well-Known Member

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    24th Jun, 2015
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    Location:
    straya
    So Monash council is planning new residential zones. In two of them (RGZ & GRZ6) they've snuck in a massive increase in the public open space contribution. Going from 3% for a 3 lot subdivision to 10%!

    So for a land value of $500k, it will jump from $15k to $50k!

    Highway bloody robbery!



    www.newresidentialzonesmonash.com.au/
     
  2. Be Developer

    Be Developer Property Developer Business Member

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    Australia
    Whoa... that;s huge!

    i was going to complain increase from 3% to 5% for some of melbourne councils.:rolleyes:

    i also see that their land valuers are more generous at land value for calculation purpose!

    i guess no choice then sucking up a cost and (if possible) passing it on Buyers/investors
     
  3. OC1

    OC1 Well-Known Member

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    6th Jul, 2015
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    Location:
    Melbourne
    The fee is such rort.

    Knox has been 8.5% for a while. Many are 5%. Even that is too hard to stomach.
     
  4. shorty

    shorty Well-Known Member

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    24th Jun, 2015
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    Location:
    straya
    In this case, it's still a proposal, so it's submission writing time for me.