Hi All,
Just thought I would let you know about a development I have decided to purchase an apartment in.
For all intents and purposes this development is a unit development with 15 apartments in total.
A few years ago I had a look at a re-developed prison in Melbourne called "Pentridge". One of their big claims to fame was the 'green' element of the building (which was quite impressive). I was skeptical at the time that investors would pay more money for the 'green' element when the body corporate costs were similar in other Victorian high rises. But I thought that the green element could be good if it lowered the body corp costings.
I found a small development in Queensland which seems to take that idea further. The developer has filled the roof with solar panels, placed several water tanks under the driveway. In such a small set of apartments my conservative estimates place the body corporate at the lowest I have ever seen. And of course the water tanks are designed to return money to the sewerage and grey water outlets...
The apartments have a lift, but no pool, or large common areas. I think all the solar panels will use power for is the lift, intercom and a few lights.
Aside from that the development is also well placed for infrastructure and future growth - however I thought I would trigger the idea that perhaps as an IP group, sustainability functions can be used to lower body corp rates.
Let me know what you think!
Just thought I would let you know about a development I have decided to purchase an apartment in.
For all intents and purposes this development is a unit development with 15 apartments in total.
A few years ago I had a look at a re-developed prison in Melbourne called "Pentridge". One of their big claims to fame was the 'green' element of the building (which was quite impressive). I was skeptical at the time that investors would pay more money for the 'green' element when the body corporate costs were similar in other Victorian high rises. But I thought that the green element could be good if it lowered the body corp costings.
I found a small development in Queensland which seems to take that idea further. The developer has filled the roof with solar panels, placed several water tanks under the driveway. In such a small set of apartments my conservative estimates place the body corporate at the lowest I have ever seen. And of course the water tanks are designed to return money to the sewerage and grey water outlets...
The apartments have a lift, but no pool, or large common areas. I think all the solar panels will use power for is the lift, intercom and a few lights.
Aside from that the development is also well placed for infrastructure and future growth - however I thought I would trigger the idea that perhaps as an IP group, sustainability functions can be used to lower body corp rates.
Let me know what you think!