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5 storey not feasible in this area at this point in time

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Stirling Precinct 5 Workshops
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What are the land use options for Precinct 5?
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Broader concerns and impacts on land use in Precinct 5?
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Financial feasibility of options discussed
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What was the outcome from Colliers meeting on options discussed?
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Colliers meeting outcome
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5 storey not feasible in this area at this point in time
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Construction costs are too high driving up dwelling costs
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It may work with the city centre vision as desired
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The area will become 4 units and the opportunity has been lost
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Architectural quality in Perth is lower than in other states
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Colliers will provide a report in the new year
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Construction costs on 3 storey units in WA is difficult
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Perth market has not been successful for home/office
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