REAL ESTATE DEVELOPERS – VICTORIA

Desperate off-the-plan buyers seek early exit

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 18-Jun-19

A rise in valuation shortfalls is seeing a surge in buyers of off-the-plan apartments in Melbourne trying to get out of their contracts. Many such buyers are using DIY website forsalebyowner to do so, with website operator Colin Sachs noting that such apartments cannot be sold via traditional real estate agents. He says the situation presents enormous risks for developers, as they need these buyers to pay up so that they can fund their projects.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, FORSALEBYOWNER, 360 PTY LTD

Victoria says it will cut power bottlenecks to speed up housing development

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Original article by Michael Bleby
The Australian Financial Review – Page: Online : 12-Sep-18

The Urban Development Institute of Australia has welcomed an agreement between the Victorian government and power companies. The agreement will see the provision of electricity connections to new housing developments accelerated, with the companies involved in the agreement including Jemena, United Energy and Citipower. UDIA Victorian executive director Danni Anderson notes that people cannot live in homes without power, and that the agreement will speed up house production in Victoria.

CORPORATES
URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, JEMENA ELECTRICITY NETWORKS (VIC) LIMITED, UNITED ENERGY DISTRIBUTION PTY LTD, CITIPOWER LIMITED, AUSNET SERVICES HOLDINGS PTY LTD – ASX ANV, POWERCOR AUSTRALIA LIMITED, VICTORIA. DEPT OF TREASURY AND FINANCE, VICTORIA. ESSENTIAL SERVICES COMMISSION

Crowdfunding gay retirement village

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 34 : 4-Mar-16

DomaCom intends to use crowdfunding to raise funds for the construction of a gay and lesbian retirement village near Ballan in Victoria. CEO Arthur Naoumidis says crowdfunding for property development is a form of internet-based syndication. The proposed development involves constructing 120 dwellings on a 30-acre block of land, at a cost of $A10 million to $A12 million.

CORPORATES
DOMACOM LIMITED, S KIDMAN AND COMPANY PTY LTD