‘Air rights' deals are coming to a suburb near you
Former Sydney Swans president and Rose Bay resident Peter Weinert has bought the 'air rights' above a development under way in front of his home to protect his privacy and harbour views, using an arrangement more often struck in the commercial property market.
But Sydneysiders can expect to see more such deals following planning reforms by the Minns government to allow more residential density and higher-rise apartment blocks in suburban streets.
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‘Air rights' deals are coming to a suburb near you
Former Sydney Swans president and Rose Bay resident Peter Weinert has bought the 'air rights' above a development under way in front of his home to protect his privacy and harbour views, using an arrangement more often struck in the commercial property market. But Sydneysiders can expect to see more such deals following planning reforms by the Minns government to allow more residential density and higher-rise apartment blocks in suburban streets.
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