REAL estate agents are divided over how building height changes at Nelson Bay will affect the coastal hamlet.
LJ Hooker Nelson Bay managing director Jason Brennan believed the move to allow up to 12-storey buildings in the Bay CBD would yield greater opportunities for first home buyers, investors and the community at large while Nelson Bay Real Estate principal Heath Jones predicted the decision would negatively impact future commercial development.
The council cleared the way for 12-storey buildings earlier this month, voting through changes to the local environment plan. 113 of 136 submissions opposed the provisions, which Port Stephens Council said would also apply height limits to some lots that had previously had none.
"I think there's an opportunity to give the Bay a real kick along and make it even more attractive for holidaymakers and locals," Mr Brennan said. "But it's a fine line between making money and being right for the area. The key is not losing our seaside village identity."
Mr Jones, a sixth generation Port resident, believed Little Beach was better suited to high rise development and that the council's decision would make it harder for commercial development in the town centre.
