Project Overview
The size of Sturt is approximately 1km2. It has 3 parks covering nearly 1% of the total area, with 2 childcare centres located in Sturt. The population of Sturt in 2001 was 1,396 people. By 2006 the population was 1,479 showing a population growth of 6% in the area during that time. The predominant age group in Sturt is 20 - 29 years. Households are primarily made up of sole parents, and morgage repayments are likely to be between $600.00 - $800.00 per month. In 2001, 59% of homes were owner-occupied compared with 56% in 2006.In 2009 the median sales price of houses in the area was $390,000.
Objectives
To maximise the investor's return on investment through speculative property development
Project Details
| Address | 6 - 8 Day Street |
| Site Size | 1770 m2 |
| Council | City of Marion |
Proposed Development
| # Allotments / Dwellings | 6 |
| Type of Dwellings | Two Storey Community Title Dwelling |
| Construction Materials | Brick / Timber / Gyprock / Colourbond |
| Buyer Demographic | First home buyers,older people down sizing and Investor's |