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Major Projects to Proceed in Cranbourne, Melbourne

IT has been a busy period in Melbourne’s outer south-east.

Last week, Planning Minister Justin Madden unveiled a master plan for a new suburb, Cranbourne East, capable of accommodating 20,000 people.

Now, in nearby Cranbourne West, first time developer Wolfdene is readying to start marketing the first blocks within its $56 million Alarah estate, at 660 Hall Road.
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Are Melbourne Apartments Still a Safe Investment?

melbourne cbd

So now what?

After nine years adopting the previous state government’s hugely contentious Melbourne 2030 planning policy – the city’s development landscape is set to change, and apartments may be on the nose.

In one of its first official acts - and as it promised to do before the November 21 election - the Baillieu government has destroyed Labor government planning laws facilitating higher density redevelopment (ie, over three storeys) along all public transport nodes.

In Opposition, Planning Minister Matthew Guy said Melbourne risked becoming dysfunctional, and losing its character permanently, unless suburban apartment construction was curbed.

In power, Mr Guy has committed to a two year audit and consultation program to determine a new model of metropolitan planning.

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ALP’s Commission Flat Building Boom Underway Without Community Consultation

ALP Wants 80000 More by 2012

THE Federal Government’s contentious plan to build record amounts of commission flats and social housing around your streets, and without proper community consultation – seems to finally have caught the attention of the wider community.

Despite anger in some States that details about the mass roll-out of commission flats have been deliberately kept from the community – the State ALP governments are pushing ahead with major public housing projects.

State governments need to do so in an attempt to collect part of the massive taxpayer-funded $5.6 billion the Federal ALP government has allocated to the initiative, for projects completed before a 2012 deadline.

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Developer Employs Julia Gillard’s Partner to Sell Apartments

julia and tim

THE PROPERTY developer which recently and curiously appointed would-be-Prime Minister Julia Gillard’s partner, Tim Mathieson, a hair products salesman, to sell its luxury apartments, has sought Ministerial approval to build a landmark skyscraper, opposite the Queen Victoria Market and Flagstaff Gardens.

Ubertas Group plans to demolish an existing two-level office building at 330 – 360 William Street, and replace it with one of two high density proposals, which the government says – because of the development’s proposed scale - the Minister for Planning Justin Madden must approve.

The biggest proposal being considered is for a 50-level complex with 626 apartments, but earlier this month a (relatively) smaller proposal, of 35-levels and including 476 apartments, was submitted to the Minister for consideration, a spokeswoman for Mr Madden’s office said.
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Federal Government’s Beleagured NRAS Suffers Another Setback

coburg high school redevelopment

THE federal government’s ailing National Rental Affordability Scheme has suffered a convenient setback.

The $623 million initiative - introduced by Kevin Rudd in 2008, and then part-cut by Julia Gillard and Wayne Swan in recent budgets – has lost another private sector backer which was to have provided 255 affordable housing units in Coburg.

Developer Hamton, with joint venture partner Macquarie Real Estate Investment Equity Fund, has quietly rescheduled the start date of its contentious Coburg High School redevelopment – Circa (artist impression, above).
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Local Resident Outmuscles Developers For Prominent Kew Site, Melbourne

6 madden grove kew

THE street may share the same name as redundant, pro-development Planning Minister Justin Madden.

But around ritzy Madden Grove, Kew, residents value the character of their streets - and are prepared to pay to avoid being overrun by medium density development.

In an extraordinary deal, a local resident has paid a speculated $9 million for the former University of Melbourne Early Childhood Development campus, which the school sold 12 years ago, and was to become that suburb’s next major apartment complex.

The imposing property at 6 – 12 Madden Grove has been handpassed to a variety of developers since 1999. What was a 4973 square metre campus that started at #2, was sliced to become a 3502 square metre site, which was offered for sale late last year.
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Doncaster Public Housing Block Reaches Full Height

tram road doncaster

MELBOURNE’s next public housing tower – a 10-level, 98-unit complex opposite Doncaster Shoppingtown - has reached its full height.

A “topping” ceremony will be held this Thursday to celebrate the suburb’s new landmark – with Minister for Social Housing and Homelessness (and Sport  and Indigenous Employment and Economic Development) Mark Arbib likely to attend. State government representatives, and the developer, Bendigo-based not-for-profit group Loddon Mallee Housing Services will also be there.

The 95 – 99 Tram Road affordable housing complex is being funded using money from the Commonwealth Government’s Nation Building Economic Stimulus which aims to deliver 4500 new rental homes for low income earning Victorians.
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Hong Kong Listed Developer Far East Consortium to Sell Controversial Melbourne Development Site

northcote bowl site

HONG Kong based developer Far East Consortium is selling a controversial development site, so that it can concentrate on another one.

Far East, which has been listed on the Hong Kong stock exchange since 1972, can expect about $6.25 million for the former AMF Bowling Centre at the north-east corner of Victoria Road and Separation Street in Northcote.

It paid Macquarie $5 million for the 4716 square metre site in early 2009, before pushing ahead with a major residential proposal.

Macquarie acquired the asset in 2004 when it paid AMF Bowling Centres $67.4 million for its Australian portfolio.
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IKEA to Open at Pipeworks Market Site, Campbellfield, Melbourne

ikea logo

VICTORIAN Planning Minister Justin Madden has approved a planning permit and rezoning of Campbellfield’s Pipeworks Market, paving the way for Swedish furniture giant IKEA to open a new store there.

The 41,000 square metre IKEA store will be the group's biggest in Australia. It will replace Pipeworks address at 400 Mahoneys Road.

In Melbourne, IKEA also trades from Victoria Gardens in Richmond, and is building another store in Springvale, near a new, large Harvey Norman store.

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Madden’s Clayton Development One Step Closer

Justin Madden

Justin MaddenTHE Monash City Council didn’t want it – but Planning Minister Justin Madden did - and now one of the south-eastern suburb’s biggest public-private housing developments is set to start construction soon, in Clayton.

After more than ten years of debate, a $270 million apartment-based complex will replace a low-rise shopping centre at the busy north-east corner of Dandenong and Blackburn roads.

Approximately 400 apartments will be developed as part of The Nova Centre redevelopment – many to accommodate public housing residents, and students. A hotel and shopping centre will also be built on the site.
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