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The City of Melbourne is offering owners’ corporations of city residential buildings up to $3000 to swap to low-energy lightbulbs and install solar panels as part of efforts to reduce carbon emissions and make the Victorian capital carbon-neutral by 2020.
The subsidy scheme aims to speed up adoption of the national Smart Blocks program that has to date seen 63 of the city’s 1262 residential apartment buildings replace halogen lights with lower-emitting LED lights and install solar generation in the common areas of their buildings.
One of Australia’s most popular property investment markets is showing glimmers of resurgence on the back of increased sales.
Like many coastal hot spots the Gold Coast market was hit hard by the GFC, resulting in a huge drop in property values and many forced sales.
New figures released by RP Data today, reveal the housing market is making a comeback. House values have risen by 4.8 percent in the past year although unit values have dropped marginally by 0.7 percent.
Lend Lease have received the go ahead to construct 1400 apartments across seven towers which will form part of its $2.5 billion re-development of Darling Harbour.
Darling Square, the new urban neighbourhood at the southern end of the precinct will house approximately 2,000 people along with student accommodation housing around 1,000 students, 2,000sqm of community space, 7,000sqm of retail and 15,000sqm of commercial space.
Growing business confidence and easier access to capital could see Melbourne’s strata office in for a big year in 2014.
Full-floor office sales in the last quarter of last year came in at more than 13 and that level of strong level of activity spilled into the start of this year.
DTZ manager of CBD Strata Sales, landlord and institutional investor services, Danny Clark said: “We are being inundated with strata office enquiries, and 2014 is set to be a strong year for sales in the sector with growing business confidence and easier access to capital.”
Is this the world’s smallest house?
It doesn’t really have any bedrooms, but there is a separate toilet and room outside to park your boat and trailer.
The hut at Shaldon Beach in Devon in the South of England, comes with a price tag of close to $400,000.
Vacancy rates across Sydney are verging on crisis levels, according to data released by the Real Estate Institute of New South Wales (REINSW).
The March 2014 REINSW Vacancy Rate Survey saw the numbers of properties for rent across Sydney drop 0.3 per cent at 1.4 per cent.
“We haven’t seen vacancy rates right across Sydney this low since November 2011,” REINSW president Malcolm Gunning said.
The latest RP Data-Rismark April hedonic home value index reveals dwelling values across Australia’s capital cities rose by just 0.3 per cent in April.
Despite this Sydney’s median house price has broken the $800,000 barrier for the first time.
Tim Lawless of RP Data said the rate of growth in values had slowed in April, following strong increases in March and the first quarter of the year.
Developed by Singapore-based company, Ho Bee Land, the currently unnamed project will be the company’s first Australian project.
If current population and migration trends continue, Melbourne is projected to overtake Sydney as Australia’s largest capital city by 2053.
ABS estimates reveal that if current growth trends prevail, the Victorian capital will overtake Sydney as the nation’s most populous city by 2053.
Interstate migration figures reveal that Victoria has topped Queensland as the nation’s most popular destination to live, with migration from Queensland to Victoria jumping 12% (around 20,000 people last year). There was also a 4% increase in Sydneysiders relocating from their harbour home to the Victorian capital.
We are getting there say leading planning and design firm.
The revised draft of the City Plan is much closer to a scheme which is capable of taking Brisbane and its development forward for the next 10 plus years says Place Design Group.
They say the Council is listening on matters relating to parking, making multiple unit dwellings code assessable and the consolidation and simplification of development codes.
