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Urban Industry

The prestige property tax: what it means and who it affects

Specialising in the very top end of luxury off-the-plan sales, Marshall White Projects experiences firsthand, the widespread and often unintended consequences that state and federal legislative and tax changes can have on Melbourne’s property market. Since the start of this financial year alone, we have witnessed an 80 percent rise in the popularity of prestige apartments in the $2m+ price bracket, with families and professional couples becoming...

Campus style developments: a new model for apartment living

The high land value and small footprint of development sites in inner-urban areas generally present an economic case for single, high-rise, multi-residential buildings with various amenities stacked on each floor. However, a number of major brownfield urban renewal areas have recently claimed much larger sites, ones that require an entirely different approach to the design and development of new communities. When presented with a large site that...

Profiling a success story: Talking BrandWorks with Eleena and Michael Tan

At Urban Melbourne we're often provided with opportunities to meet and speak with designers and creatives from various streams of the urban industry. One such chat occurred recently when I sat down with BrandWorks founders Eleena and Michael Tan. BrandWorks exists for the purpose of curating great ideas and people that will realise the vision of their clients, offering expertise in interior design, branding and retail strategy. MilkCow. Image...

C270: How will it affect development in Melbourne’s central city?

C270 is the amendment to the interim planning controls (C262) that landed like a bomb last year . For the most part, this amendment is a step in the right direction. However, there is one change that will have a profound impact on development viability: the Plot Ratio is now 18:1. If you own a site and were planning on lodging for a permit based on 24:1 plot ratio, you will be hit hard. Your yield will now be based on an 18:1 plot ratio unless...
Monochrome portrait of Cam McLellan

Why every millennial should be a ‘rentvestor’

When it comes to buying your first property, Australians have two main options. Purchase as an owner-occupier. In this instance, first homebuyers save up to purchase the perfect home they will live in, usually with the assistance of a home loan and 25-year mortgage. Purchase as a ‘rentvestor’. In this instance, first homebuyers purchase an investment property in a more affordable area while continuing to rent in their preferred suburb. For young...
Monochrome photograph of Fred Nucara from Beller Commerical

Discussing the Beller Commercial 2016 Shopping Strip Research with Fred Nucara

Beller Commercial has just completed their first quarter shopping strip research for 2016 - a matrix of 28 key shopping strips that depict the number of shops, number of vacancies, average asking rent per square metre and yield. Beller Commercial Agents take to the streets quarterly and physically count the ‘for lease’ signs, vacant stores, check the web listings and do the arithmetic themselves. Urban Melbourne recently caught up with Beller...

The top three reasons why you should market locally to succeed in China

Marketing to Chinese consumers is a hot topic for all businesses across different sectors. A common misperception for businesses is that they need to be in China to sell to Chinese consumers. This has prompted developers and agencies to invest in roadshows, exhibitions and seminars at China’s prime real estate and events, only to result in expensive failures. With the growing Chinese population in Australia, sellers need not look too far in...

Ted Baillieu, The Architect Premier - Melbourne Architecture

From November 2010 through to March 2013, Victoria had Ted Baillieu, an architect, as Premier. This post is the final part of a four part interview with Mr Baillieu discussing a broad range of built environment issues. To read from the beginning click here to go back to Part 1 Melbourne Architecture R+BA – In terms of Melbourne and the architecture of Melbourne do you have a favorite building or favorite space? TB – I always talk about Marcus...

Up close with the Hickory Building System

Urban Melbourne recently paid an evening visit to Melbourne's most technologically advanced construction site. La Trobe Tower within the Melbourne's CBD is the first project to employ Hickory Building Systems (HBS) integrated structural methodology; builder Hickory Group's new method that accelerates construction of high-rise towers. Guided through the active construction site by Hickory Joint Managing Director George Argyrou and Site Manager...

Parking versus no parking in new developments, a traffic engineer's view

Residential developments in modern cities are under pressure to meet competing demands between affordability, marketability, profit, policy and place making. These competing demands can put developers and decision makers at odds, which has been seen in the recent decisions concerning residential developments with and without car parking in inner Melbourne. I am commonly presented with a couple of scenarios when reviewing a new residential...

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Development & Planning

Monday, August 21, 2017 - 00:00
Considering the sheer volume of apartment projects Melbourne has absorbed over recent years, the rate of failed projects is comparatively miniscule. Very few apartment projects that launched their respective sales campaigns over the last five years failed to progress to construction.

Policy, Culture & Opinion

Wednesday, August 9, 2017 - 12:00
Carolyn Whitzman , University of Melbourne Liveability is an increasingly important goal of Australian planning policy. And creating cities where residents can get to most of the services they need within 20 to 30 minutes has been proposed, at both federal and state level, as a key liveability-related mechanism.

Visual Melbourne

Thursday, August 10, 2017 - 12:00
Part Three follows on from the Part One: Yarra's Edge and Part Two: Victoria Harbour. The focus of today's piece will be NewQuay and Harbour Town, the northern most precincts within Docklands. NewQuay NewQuay was the first precinct to open way back in 2003 and has probably evolved the most.

Transport & Design

Thursday, August 17, 2017 - 07:15
CBRE in recent weeks has begun marketing a development site at 118 City Road in Southbank which has been branded as 'Flagship'. The 6,191sqm site is currently home to a BMW dealership and showroom, and has significant potential to add to what is set to become on of the densest city blocks in Melbourne, boasting towers of 200m through to over 300m.

Sustainability & Environment

Monday, August 21, 2017 - 12:00
The notion of Melbourne becoming a 20-minute City has been explored heavily in recent times. Seeking to provide Melburnians with the ability to 'live locally', the 20-minute City, in essence, strives to provide people with the ability to meet most of their everyday needs within a 20-minute walk, cycle or local public transport trip of their home.