HIGH-RISE APARTMENT BUILDINGS – AUSTRALIA

Melbourne cladding still in place after fire

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Original article by Michael Bleby
The Australian Financial Review – Page: 8 : 16-Jun-17

The tragic Grenfell Tower fire in London and the possible links to its external cladding has led to concerns about buildings with similarly dangerous cladding in Australia. Cladding on one such building, the Lacrosse building in Melbourne, was directed to be removed after it was affected by a potentially lethal fire in November 2014, but the cladding remains. Victorian Planning Minister Richard Wynne says many apartment buildings in Australia could have the same cladding problems as the Lacrosse building.

CORPORATES
VICTORIA. DEPT OF JUSTICE AND REGULATION, LU SIMON BUILDERS PTY LTD, VICTORIA. BUILDING APPEALS BOARD, VICTORIA. BUILDING COMMISSION, MELBOURNE METROPOLITAN FIRE BRIGADE, CSIRO, GREAT BRITAIN. NATIONAL HEALTH SERVICE, GREAT BRITAIN. OFFICE OF THE PRIME MINISTER, QUEENSLAND. DEPT OF HOUSING AND PUBLIC WORKS, ELENBERG FRASER PTY LTD, CHARTER HALL GROUP – ASX CHC, CITY OF PORT PHILLIP, CITY OF MELBOURNE, METROPOLITAN FIRE AND EMERGENCY SERVICES BOARD

Capital-city rents hit a wall as apartment stock floods in

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Original article by Kylar Loussikian
The Australian – Page: 8 : 7-Nov-14

RP Data has issued its latest figures on residential rents in Australian state and territory capital cities, showing an increase of 1.8% for the 12 months to November 2014. The average per annum over the past half-decade by comparison is 3.8%, and the current CPI rate 2.5%. One factor is the ample supply of apartments, as new projects are completed. Perth has suffered a decline of 3.1%. Meanwhile rental yields have fallen to 3.3% in Melbourne and 3.7% in Sydney

CORPORATES
RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD