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Industry News

Off-the-Plan Properties are now Open for Inspection

In the past couple of years, we have seen virtual reality go from an intriguing concept to a full-fledged strategy for off-the-plan property sales. This is due to VR’s unprecedented ability to bring projects to life by recreating environments to scale and placing a potential buyer inside a building that has yet to be built. There are many challenges to selling off-the-plan properties compared to established properties. One of the most...

Closing the gap on suburban commercial property

As the world’s most liveable city, Melbourne has so much to offer. Opportunities await on every corner. In commercial property investment, this has seen the spotlight planted firmly on the CBD. But the tide is steadily shifting. CBD office space in Melbourne is being squeezed by a growing preference for residential development, prompting tenants and investors to look further afield and pushing cap rate compression well beyond expert predictions...

Adapt or Die: Government’s imposed changes will further redefine Melbourne's apartment market

There’s been comprehensive media coverage and informed comment regarding the Government’s imposed changes to the off the plan market, looming as of July 1st this year, but what does this really mean for the industry? From this date and beyond there will be a significant impost on investors no longer being able to claim the off the plan stamp duty benefits, as well as first home buyers receiving a substantial stamp duty benefit for off the plan...

What can the urban development industry do about the challenges facing growth area communities?

We have a challenge ahead of us. How, as our population continues to grow, can the urban development industry ensure that we are creating healthy, sustainable and liveable communities in which people can enjoy socially connected and fulfilling lifestyles? Much of the urban development discourse (as well as a variety of tools and guidelines) typically articulates a range of positive outcomes we should be aiming for through the urban development...

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Development & Planning

Tuesday, July 25, 2017 - 12:00
High-rise development sites number four and five have come under the microscope along Box Hill's Prospect Street, further pushing its credentials as the suburb's next major apartment strip. Running parallel to Whitehorse Road, Prospect Street is "in an area inviting substantially increased intensity of use and activities consistent with an increased urbanisation." Latest into the limelight is 34-36 Prospect Street which is a major residential tower on behalf of ZL Prospect Pty Ltd.

Policy, Culture & Opinion

Monday, July 24, 2017 - 12:00
Kate Shaw , University of Melbourne A recent suggestion that new housing on inner-city public land should start from a presumption of 100% social housing prompted indignation in government circles. “We can’t condemn another generation of Victorians to live in housing poverty,” huffed the housing minister, Martin Foley.

Visual Melbourne

Wednesday, February 22, 2017 - 07:00
Once again Melbourne has turned it on for the spectacular cultural juggernaut that is White Night. A crowd of around 600,000 took part in the all night festival of projections, performances, artworks and installations. Stealing the show again this year was the extraordinary projections upon the Royal Exhibition Building.

Transport & Design

Tuesday, July 18, 2017 - 13:00
Little by little we're getting closer to the money and shovels-in-the-ground end of the Melbourne Metro Tunnel project with the announcement that the Cross Yarra Partnership is the successful bidder for the Tunnel & Stations availability-based private-public partnership (PPP) contract.

Sustainability & Environment

Thursday, July 20, 2017 - 12:00
The greening of Southbank is a step closer to reality following the endorsement of the draft concept plan for Southbank Boulevard and Dodds Street by the Future Melbourne Committee on Tuesday, 18 July, 2017.