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Point Polaris

How will the 50% foreign ownership limit affect developers?

As well as restricting supply to an already full rental market, the 50% foreign ownership restriction removes some of the competitive advantages overseas developers had over local developers. Prior to this change coming into effect, overseas developers had a competitive advantage as they had no overseas sales limits whatsoever. Overseas developers using overseas banks could, if they so desired, have 100 per cent foreign sales, with 100 per cent...
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Development & Planning

Tuesday, October 24, 2017 - 06:00
1,284,577 square metres is the raw number. Urban Melbourne's Project Database is keeping tabs on close to 1.3 million square metres of office space at various stages of development across Melbourne. It is a phenomenal figure which shows just how bullish the office sector is across this city.

Policy, Culture & Opinion

Monday, October 9, 2017 - 12:00
Spring Street on Sunday unveiled its package of rental reforms that will see a variety of changes to the Residential Tenancies Act (1997). The state government has branded the reforms 'Rent Fair Victoria' and set up a website outlining the changes.

Visual Melbourne

Friday, August 25, 2017 - 07:00
The former site of John Batman's home, Batman's Hill is entering the final stages of its redevelopment. Collins Square's final tower has begun its skyward ascent, as has Lendlease's Melbourne Quarter Commercial and Residential precinct already. Melbourne Quarter's first stage is at construction and involves a new 12-storey home for consultancy firm Arup along with a skypark.

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Transport & Design

Monday, October 23, 2017 - 12:00
The draft Fishermans Bend framework that was released on Saturday included an integrated transport plan that seeks to address targets such as 80% of all trips to be made by sustainable transport modes that were set out in the vision and now carried through to the draft framework.

Sustainability & Environment

Tuesday, October 24, 2017 - 12:00
Cbus Property's office development for Medibank at 720 Bourke Street in Docklands recently became the first Australian existing property to receive a WELL Certification, Gold Shell and Core rating. The WELL rating goes beyond sustainable building features with a greater focus on the health and well-being of a building's occupants.