Victorian Government announced the updated Victorian $12 billion Transport Plan. The plan includes a metropolitan train tunnel as well as a regional rail link, road tunnel and truck action plan for the gridlocked western suburbs. Shocked residents in areas of Melbourne’s west were left to guessing whether their homes would be snatched in the State Government’s [...] [...more]
WARRINGAH Council has made a decision to refuse subdivision of a controversial parcel of prime Brookvale bushland, one which a developer had wanted to build six homes. The developer lodged an application for a two-lot subdivision of the 97,800sq m block, which borders Warringah Rd, Beacon Hill Rd and Northcliffe Ave. While an environmental protection order [...] [...more]
Australian Bureau of Statistics (ABS) Building Approvals show that the total number of dwellings approved fell in May 2010 and has fallen for two months in seasonally adjusted terms. This months fall was due to an 18.8% decrease in private sector other dwellings approved. According to the ABS, New South Wales (-9.8%), Victoria [...] [...more]
NSW Housing Minister Frank Terenzini today announced the State Government was ahead of schedule in completing the first stage of the Australian Government’s Nation Building Economic Stimulus Plan social housing initiative. “Housing NSW’s first target was to deliver 752 homes by June 30, 2010,” Mr Terenzini said. “This target was achieved in mid-May. “ “As of the end [...] [...more]
THE recovery in building new homes is expected to stall in 2011, the peak residential construction body says. The Housing Industry Association’s (HIA) National Outlook for the March quarter says the recovery in new home building will cease in the middle of 2011. “It is not too late [...] [...more]
More and more building applications for apartment developments as builders respond to strong demand for affordable housing in the overheated property market. Melbourne homes now costing more than $1 million, property developers are rushing to bring multi-unit projects to the market in inner and outer suburbs at prices competitive with the traditional detached house and land. The [...] [...more]
The NSW Minister for Planning has announced that Central Sydney Planning Committee (CSPC) will be changed. The CSP responsible for decision-making on large development proposals in the City of Sydney local government area, will be reviewed. Minister for Planning, Tony Kelly, said the CSPC has been in operation for 22 years. “It’s now timely to review [...] [...more]
THE Queensland Government has announced three brand new cities will be built in the state’s southeast from the ground up to take pressure off population growth. The Government’s powerful land development body will take control of three greenfield areas in the region’s west and southwest to quickly deliver new masterplanned communities [...] [...more]
VMIA reaches agreement with QBE to deliver domestic building insurance* The Victorian Managed Insurance Authority (VMIA) has entered into an agreement with QBE Insurance (Australia) Limited, QBE, under which the VMIA will provide domestic building insurance to builders and owner builders in Victoria. The agreement follows the recent decision by the Victorian Government to transition [...] [...more]
20,000 Victorians will soon have a new home in Melbourne’s newest suburb. Cranbourne East Precinct Structure Plan (PSP) has just been approved. Schools, kindergartens, retirement villages, open spaces and three local town centres will all be developed over the next 15 years as well as up to 3,000 new jobs will be created. “We are delivering [...] [...more]
