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Urban Industry

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...

Now is the time of the Landlord Generation

Gen X? Gen Y? Millennials? Well in the property market we’ve hit the ‘Landlord Generation’. This Landlord generation are investors expanding their property and in turn rental portfolios. Despite media reports of an oversupply, the Melbourne residential market continues to grow and given population forecasts there is no slow down. The end of the financial year will herald the end of major stamp duty benefits to local hardworking investors as the...

How can we better utilise government owned land?

Last Wednesday a Victorian Planning and Environment Law Association (VPELA) seminar on Government land, had presenters from both State (Department of Environment, Land, Water and Planning (DELWP) and VicTrack) and Local (City of Banyule) Government departments. Part of the evening focused on the introduction in 2016 of the Fast Track Government Land Service, which is an initiative that charges DELWP with the responsibility of rezoning disused...

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...

Value capture: how do we stop Value Escape?

There seems to be almost unanimous and vigorous agreement that the pursuit of value capture is a worthwhile initiative in helping us to augment scarce infrastructure funding. However, we seem to be engrossed in writing thought leadership, debating policy and gathering evidence rather than getting on with implementation. At a time when we are moving forward with massive city building infrastructure projects procrastination is an exercise in value...

Better Apartments at the Australian Smart Skyscraper Summit 2017

In light of the recent release of the Victorian State Government’s Better Apartments Design Standards, architects, designers, builders and the industry as a whole will look to reconfigure apartment design, in order to conform to new government regulations. Among changes to standards, the guidelines dictate that apartments will have to provide for daylight access, outlook and privacy through building setbacks. A functional layout will see the...

Lachlan Thompson discusses 525 High Street's success

Developer Goldfields, is celebrating the sell-out success of its Prahran East project, 525 High Street which has exceeded a residential value of $45 million in just a matter of weeks, after initially achieving 50% sales in just over a week. Covered on Urban Melbourne last year , the 7-storey building designed by JCB Architects and featuring 46 boutique residences has proven particularly popular with a mix of downsizers, empty-nesters, and...

Property industry leaders reflect upon 2016 and outline expectations for 2017

After a year where many observers predicted a many great outcomes, particular regarding Melbourne's apartment market, leading sales agent Marshall White Projects posed a question to some of the property industry's leading figures; “where to from here?”. Looking to the year ahead, the below offer their insights into the market, reflections on the months that have led up to this point and commentary on what we can expect from 2017 Marshall White...

Optimised traffic in high-rise through intelligent vertical transportation

As high-rise buildings continue to be designed at taller heights than ever before, skyscraper design must grapple with the efficiency, safety and sustainability of vertical transport systems. To address these challenges, new technologies are emerging and redefining the tall tower construction landscape with improved state-of-the-art vertical transportation solutions. Vertical transportation technologies present a major revolutionising force in...

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Development & Planning

Thursday, June 22, 2017 - 12:00
First covered on Urban Melbourne just a tick over 3 years ago, Golden Age Group's Victoria One has achieved a significant milestone with head contractor Probuild topping out the core at a height of 271m AHD and in the process claiming the title of the tallest structure in the Melbourne CBD.

Policy, Culture & Opinion

Wednesday, June 7, 2017 - 12:00
Two important stories which traverse both transport and housing topic areas were highlighted on Urban Melbourne this week. The news that the medium and high-density components of Williams Landing will ramp up highlight what some might gloss over but what I think is the correct 'order' of doing things: the rail station is built first, developers then piggyback off the new infrastructure second.

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.

Sustainability & Environment

Thursday, June 1, 2017 - 12:00
Two of City of Melbourne's key urban design initiatives are in the starters gates, with Lord Major Robert Doyle yesterday providing further information on the pair. As of next month, the long-awaited upgrade to the southern end of Elizabeth Street will begin.