Mirvac, Stockland and Frasers eye Maribyrnong defence site

Original article by Su-Lin Tan
The Australian Financial Review – Page: 39 : 10-Sep-19

The federal government launched a campaign in October 2018 aimed at selling off the 127-hectare Maribyrnong Defence Site, located around 10 kilometres from the Melbourne CBD. Industry observers have stated the site could sell for as much as $500 million if there are no contamination issues with it. A masterplan for the site’s development is due to be released in October, while Stockland, Mirvac and Frasers Property Australia are understood to be three of the eight groups that have been shortlisted as possible purchasers of the site.

CORPORATES
MIRVAC GROUP – ASX MGR STOCKLAND – ASX SGP FRASERS PROPERTY AUSTRALIA PTY LTD

Senate calls for limits to developments around airports

Original article by Jenny Wiggins
The Australian Financial Review – Page: 14 : 23-Mar-18

A Senate committee has called for guidelines to be put in place to ensure that there are "public safety zones" around airports. Such zones permit aircraft to make emergency landings or take evasive action without the risk of hitting buildings, but no such guidelines are in place in Australia. The committee noted that commercial and housing developments near airports represents a significant safety risk, while the Australian & International Pilots Association notes that buildings near runways can cause turbulent wakes when the wind is strong.

CORPORATES
AUSTRALIAN AND INTERNATIONAL PILOTS ASSOCIATION, AUSTRALIA. SENATE STANDING COMMITTEE ON RURAL AND REGIONAL AFFAIRS AND TRANSPORT, AUSTRALIAN TRANSPORT SAFETY BUREAU, AUSTRALIA. CIVIL AVIATION SAFETY AUTHORITY

Zoning key to more affordable housing: RBA

Original article by Adam Creighton
The Australian – Page: 7 : 9-Mar-18

Research by the Reserve Bank of Australia has concluded that development restrictions have been a major contributor to the sharp rise in house prices over the last two decades. The central bank says that state and local government zoning rules have increased the price of the average house in Sydney by 42 per cent, and 29 per cent in Brisbane. The Reserve Bank suggests that measures such as relaxing building height limits could help to increase housing affordability.

CORPORATES
RESERVE BANK OF AUSTRALIA, GRATTAN INSTITUTE

Morrison targets cost of housing

Original article by Laura Tingle
The Australian Financial Review – Page: 1 & 4 : 24-Oct-16

Federal Treasurer Scott Morrison notes that the proportion of Australians who own their home has fallen from 71 per cent to 67 per cent over the last two decades. However, he will argue in a speech on 24 October 2016 that housing supply is the main factor that is affecting housing affordability. He will also say that a range of other factors rather than the impact of property investors is affecting housing affordability. Morrison will also flag a push for greater co-operation with state governments to make more land available for residential development.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, COUNCIL ON FEDERAL FINANCIAL REGULATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Call for suburbs to grow up, not out

Original article by Michael Bleby
The Australian Financial Review – Page: 58 : 29-Oct-15

Changes must be made to zoning rules for established suburban areas in Melbourne. Victorian Planning Minister Richard Wynne has announced a review of rezoning decisions made by predecessor Matthew Guy, but he must proceed cautiously because of possible opposition from municipal councils. Leonard Teplin of real estate agency Marshall White says denser residential development is needed in suburbs to accommodate population growth.

CORPORATES
VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE, MARSHALL WHITE AND COMPANY PTY LTD, MIRVAC GROUP – ASX MGR

Smaller blocks all the rage in Perth

Original article by Kate Emery
The West Australian – Page: 7 : 5-Jan-15

Data from Western Australia’s Department of Planning shows that there has been a sharp rise in the number of housing lots in Perth that are less than 500sq m. The median size of housing lots in Perth and the Peel Region was 564sq m in 2004, but this fell to just 410sq m in 2014. Joe Lenzo of the Property Council notes that house sizes have generally not changed, despite the trend toward smaller residential lots

CORPORATES
WESTERN AUSTRALIA. DEPT OF PLANNING, PROPERTY COUNCIL OF WESTERN AUSTRALIA, URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA (WESTERN AUSTRALIAN DIVISION) INCORPORATED, BEXLEYS REAL ESTATE

Royal Adelaide to give birth to high school

Original article by Michael Bleby
The Australian Financial Review – Page: 38 : 16-Jul-14

The South Australian Government will shortly commence a tender process for the redevelopment of the old Royal Adelaide Hospital site. The Government proposes to build a high school on part of the site, and while the existing hospital buildings will be demolished, there have been suggestions that the seven-storey east wing be retained and used by the school. Future uses for 85 per cent of the site have yet to be determined

CORPORATES
ROYAL ADELAIDE HOSPITAL, SOUTH AUSTRALIA. DEPT FOR EDUCATION AND CHILD DEVELOPMENT, SLASH, PHILLIPS/PILKINGTON ARCHITECTS PTY LTD, LIBERAL PARTY OF SOUTH AUSTRALIA, ADELAIDE HIGH SCHOOL, UNIVERSITY OF ADELAIDE