Projectfacilitator Blog

PROPERTY values increased around the nation last month – except in Adelaide and Darwin

3rd July 2012

The RP Data-Rismark Home Value Index, released today, shows home values rose in the traditionally weak month of June. Adelaide was the weakest-performing capital city, dropping 1.1 per cent. However, Adelaide and Canberra were the only capital cities to improve in value over the quarter, with a 1.3 per cent increase. The city’s median price over the quarter was $370,000. Results also show the weakness in Adelaide and Darwin started levelling off in the last fortnight, RP Data research director Tim Lawless ...

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Rezoning of city land, the biggest in Australia

02 July 2012

The State Government has re-zoned the waterside Fishermans Bend precinct in Melbourne to allow for residential development. It is the largest re-zoning of city land in Australia. The area is currently classed as light industrial, but is to be developed into four new high-density suburbs, expected to house up to 50,000 people. The Victorian Planning Minister Matthew Guy says the re-zoning paves the way for development to begin. “People will actually see activity and development throughout the precinct earlier than expected,” he ...

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Making the Numbers Stack Up

There is no denying that Melbourne is growing in population and will keep growing well into the future. The Victorian Government’s latest Victoria in Future 2012 figures project that over the 40 years to 2051, Victoria’s population will increase by 3.2 million to 8.7 million. Over the same period, Melbourne’s population is expected to grow to 6.5 million, while regional Victoria is projected to grow to 2.3 million. How we manage this growth is up to us. Housing plays a vital role in ...

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A new era for Melbourne’s growth area

14 Jun 2012

Planning Minister Matthew Guy has announced a number of initiatives to ensure land supply for Melbourne’s emerging communities over the next 30 years.

Mr Guy has released the findings of the Urban Growth Boundary Logical Inclusions review as well as the completed Growth Corridor Plans and other plans for six new suburbs.

Announcing the initiatives at the Creating Melbourne’s New Suburbs Forum, Mr Guy said the planning for Melbourne’s new growth areas will pave the way for Melbourne to move ...

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Housing Demand Still Strong

The state’s housing supply and demand imbalance continues to provide the property market with the prospect of upward pressure on prices and rents.
Bureau of Statistics data released this week reveals the surge in home loans approved for owner-occupiers continued in December 2011, driven by large numbers of first-home buyers.
The number of home loans approved for first-home buyers in December jumped 8 per cent to 4280.
This was the highest monthly figure recorded since October 2009.

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VCAT approves 10 Storey Tower in Swan St, Richmond

SWAN Street department store Dimmeys will be redeveloped into a mixed-use,10-storey building after VCAT approved a controversial proposal recently. The decision ends a bitter battle between developer Richmond Icon Pty Ltd, Yarra Council and residents about the future of the Swan Street building. VCAT ordered the council to grant a permit for the development, which will include 82 apartments and a supermarket. The clocktower and Swan Street facade will be retained.

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Subdivision & Development On The Rise

With housing becoming ever so out of reach for a lot of people, it is no surprise that more and more people are looking at subdividing their existing properties and using this as getting some extra cash out from the sale of their unused rear backyards.  Figures from the Planning Permit Activity Report show, from 2008 there has been an increase of 8.3% for the Metropolitan area and 4.4% in rural areas for developments and subdivision of blocks into nine ...

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How to make your first property development and subdivision a SUCCESS!

1. Whether you are looking to develop a property in Victoria, NSW or Queensland, the fundamentals are the same.

2. Selecting the right suburb requires patience and a lot of research. Find out important and key property market information about the suburb, particularly what has been happening in the area in the last 10 years, what trends have taken shape and what the vibe of the area is?
Consider change in demographics over the years, and what this means to the local property economy. ...

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Property Development Site Selection Tip

When looking to buy a property to develop and subdivide in Victoria, one of the most fundamental rules of site selection, is to identify a site that has its neighbours houses located close to the front fence. The residential regulations for townhouses in Victoria, known, as ResCode is a state based regulatory code, which specifically states, the minimum distance you are able to build your townhouse from the front fence boundary is the average front setback of your adjoining neighbours. For example, if ...

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