Former Brandon Park Secondary College site could be home to four-storey residential development

Posted to Waverley Leader (9/3/2013) on 13/3/2013 at 12:27 PM
Comment on "Former Brandon Park Secondary College site could be home to four-storey residential development"
http://www.heraldsun.com.au/leader/east/former-brandon-park-secondary-college-site-could-be-home-to-four-storey-residential-development/story-fngnvlxu-1226592463666

Hadn't the former school created more traffic congestion than a 4-storey development?

Whether it is going to be a school, medium density dwelling development, business use or community multi-purpose building, we must understand the demographics of Brandon Park better. It is nice to have schools close to where the students reside, but then are the other schools in the area fully utilised? Holmesglen and Chisholm TAFEs are accessible by buses, and there are enough schools in the region. Be mindful of economy of scale.

There are times Brandon Park Shopping Centre carparks are seemingly full, but I can always find a space. Just have a look at the commercial building next to the shopping centre; there are still floors of unoccupied office space.

If a four-storey development is permitted, I can foresee Centro will apply permit for an extension of the shopping centre to go up to four storeys as well.
Property prices around Brandon Park have gone up leaps and bounce since the region was rezoned as Wheelers Hill. Further rezoning can only be a bonanza to the existing property owners.

Land is a scarce resource. I hope that there is balance of dwelling and recreational use of the site.

Wheelers Hill 'safe' suburb

Posted to Waverley Leader (26/12/12) on 27/12/2012 at 5:47 PM
Commenting on "Wheelers Hill 'safe' suburb"
http://waverley-leader.whereilive.com.au/news/story/wheelers-hill-a-safe-suburb/

It is important to understand the meaning of median price; it is NOT the average price of all the sold properties, which is calculated by adding the prices of all the sold properties and divided by the number of properties sold.

The median price is the "middle price", which requires little or no calculation. If you line up all the values of sold properties from the smallest to the largest, the middle number gives the median price. However, if the list of numbers is even, then there is not one exactly in the middle; you will have to take the two numbers closest to the middle, add the values together and then divide by 2.

The property values below the median price can be very much less, and the values above the median price can be sky-rocketed high. In short, you may overpay a property below the median price, or underestimate your property worth if it is above the median price.

Investing large sum of your hard-earn money requires doing a substantial amount of homework including attending auctions and keeping track of real estate activities in the targeted area. Wheelers Hill is no exception and so do take note and take care.