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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...

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