As part of the recent overhauls of the City of Adelaide's planning and development system one reform has gone under the radar.
Blogger: Darren Standish, Property Prosperity
Height limits in the CBD have now effectively been abolished and are subject only to airport height restrictions.
Now before people start worrying about skyscrapers dominating the city skyline it must be remembered that planning conditions are not the primary force determining what and when development commences. The market is the primary driver of what is built.
As long as Adelaide continues on with the same slow and steady growth in its economy, it is unlikely that it will ever be able to support the significant growth that is seen in other cities.
Basic economics will ensure that the growth of our city is steady and sustainable because if developers become irrationally exuberant they will inevitably pay the price.
About Darren Standish
Darren Standish established Property Prosperity in 2004 initially as a property development company, however after repeated requests for assistance the business evolved into a development consulting business.
Property Prosperity was initially focused on assisting clients with subdivisions and negotiating with councils to ensure that clients maximized their return on investment. Over the years additional services were gradually added to ensure the development process was as seamless as possible for its clients. We expanded into offering individually tailored finance solutions and then added Property Development Analysis, Property Sales and a Builder Broker Services.
Darren is the overachiever of the team and has more qualifications than your average university graduate. As well as completing a Bachelor in Economics, Bachelor in Commerce and post graduate in Accounting he subsequently went on to complete a Diploma in Financial Service, Diploma in Real Estate and Certificate IV in Building. He is a qualified Certified Practicing Accountant (CPA), a licensed Real Estate Agent, licensed Mortgage Broker and holds a Builders License.