Federal Government’s Beleagured NRAS Suffers Another Setback
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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MILLIONS of interstate mining dollars will be invested in sleepy South Gippsland.
SOON, Melbourne’s eyesore commission flat towers might not be the tallest buildings within their suburbs.
THE FEDERAL Government has abruptly ended its $8000 rebate for roof-top panels, three weeks before the scheme was to expire.
IT’S incredible to think Bundoora’s University Hill project, which upon completion will have an end value of more than $1 billion, is being developed on 104-hectares of largely disused farmland local developer MAB Corporation bought from the Royal Melbourne Institute of Technology in 2004 for just $21 million.
New figures show that the Rudd Government’s Nation Building Economic Stimulus Plan is continuing to support jobs in the housing sector with more than 78,000 Australians taking up the First Home Owners Boost by the end of April.
Queensland born and now Sydney-based developer FKP has listed for sale the one and only penthouse within its contentious Aerial project, at the Camberwell Junction, in East Hawthorn (pictured, right).
LIFESTYLE Communities, the new name for the delisted company once known as Namberry Limited, has paid an as-yet-undisclosed sum for a six hectare development site in Hastings (pictured), in Melbourne’s outer south-east.
NATIONALS senator Barnaby Joyce (pictured, right) has called for stronger unconscionable conduct laws to protect retail tenants from their wealthy landlords.
THE Victorian Civil and Administrative Tribunal needs more time to decide whether to allow the construction of a 10-level apartment tower atop Richmond’s iconic Dimmeys shopping centre.
DEXUS Property Group is believed to have found a buyer for its 343 George Street office building, in the Sydney CBD.
BAYSIDE City council can expect to reap more than $400,000 from selling leasing rights to two new bathing boxes it has constructed at Brighton’s Dendy Beach.
A TOWNHOUSE created by Peter Maddison – architect and host of Lifestyle Channel’s Grand Designs Australia – has hit the market in South Yarra.
ANOTHER establishment family is lobbying to slice and dice their substantial holiday home retreat.
A YEAR after its owner made headlines warning he could not pay a new $30,000 annual licence fee imposed by the former Brumby Government – the popular watering hole known by locals as “The Spotty” has sold and will be replaced with a high-end restaurant.
THE Victorian Branch of the Australian Education Union, presided by Mary Bluett, may need to rely on fee revenue from government educators to pay off a spectacularly located office building it has purchased on the banks of the Yarra River in Abbotsford – next door to its current HQ.
THE new owners of a small office building at 315-321 La Trobe Street – near the popular Celtic Club at the top of town – have wasted no time seeking a redevelopment application.
WEATHERGIRL and television show co-host Livinia Nixon (pictured), with husband Alistair Jack, a builder, have offloaded their renovated Middle Park home.
EVEN non-believers visiting the new Bible College of Victoria headquarters in Wantirna, may find themselves praying Melbourne drivers don’t veer off the highway, and into the building.
THE developer that has kept Melbourne’s heritage enthusiasts on edge for a year has quietly listed its Brighton headquarters for sale.
SYDNEY-based developer Stockland has absorbed a huge financial loss, finally on-selling a prominent South Yarra development site it paid too much for in 2008.
COMMONWEALTH Fund Management’s decision to preserve million dollar views (and rents) at its prized 101 Collins Street office building by imposing pre-set height limitations on a swag of neighbouring buildings it offered for sale nine years ago, appears to have paid off.
ACTORS Reg Gorman and Judith Roberts have sold their two-bedroom apartment in St Kilda East’s quaint Ardoch development for $740,000.
THE historic Little Lon terraces which last year made headlines when the owners applied to replace the properties with a 30-level apartment tower – have quietly hit the market again.
IN AN environment where government bureaucrats and planners behave like Melbourne has less land for redevelopment than London, it’s no surprise VicRoads is trying to flog off a poorly located site beside the junction of three busy highways.
SPOTLESS Group has leased an entire St Kilda Road office building, and will relocate its headquarters from the Melbourne CBD.