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Tuesday, 02 March 2010 02:59 |
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 AFTER a decade of debate, the Minister for Planning Justin Madden has gone against the local council and approved a major development, at a prominent junction in Melbourne’s south-east suburb of Clayton.
The decision paves the way for a low-rise shopping centre on the north-east corner of Dandenong and Blackburn roads to be demolished, and replaced with towers incorporating about 400 apartments, a hotel, a new shopping centre, and landscaped gardens.
About 10 per cent of units in the project will be set aside for affordable housing. Most of the remaining units will be targeted to students. Sources speculate the project will have an end value of about $270 million.
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Thursday, 25 February 2010 02:54 |
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 New research by the HIA shows housing affordability hasn’t improved in Sydney.
Below is a statement released by the group this week:
Housing affordability nose-dived at the end of 2009 due to a combination of higher house prices, increased interest rates, and the winding-down of the first home buyers’ boost according to the latest HIA-CBA First Home Buyer Affordability Report.
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THE VICTORIAN Government has appointed Australand as the preferred builder for one of the state’s largest public and private housing developments.