As values peak, a growing number of east coast development sites are being listed for sale with those carrying a development permit attracting premium pricing.
Sydney-based Alpha Fund has listed a DA-approved site in Sydney's Waterloo, near the future new township of Green Square.
The fund purchased the 1436 square metre site at 713-717 Elizabeth Street in 2013 for $12.5 million and spent the last two years pursuing a development application (DA) permit for a four-storey apartment block with 36 units and a communal rooftop terrace with views of the Sydney CBD. One third of the apartments have already been sold off the plan.
Image courtesy: ABC News