Shop Top Living Makes a Comeback Due to New Planning Preferences

And with the sky the limit, so too it would appear, are becoming values, with one property in the Origin portfolio, in Oakleigh, selling on a low 2.5 per cent yield, Mr Hoath says, because of the site’s redevelopment potential and corner position at Portman Street.

“Councils are also not insisting on providing the same car parking restrictions for these kind of residential redevelopments developments, as long as you can provide a green plan that include initiatives such as bike racks,” Mr Hoath said.

Recent residential developments being marketed in suburban retail strips include Aerial at the Camberwell Junction, and a 200-unit project at Colombo Street, Mitcham.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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