In the media – National
Record building approvals but figures moderating
Despite reaching new record levels for the year, building
approvals are showing the first signs of having peaked according to
the latest ABS data for June released on Thursday (30 July
2015).
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UDIA: Peak Developer Body Condemns Inefficient
Taxes
The peak body representing Australia's urban
development industry has called for a major shakeup of
Australia's tax system, in its submission to the Federal Tax
White Paper process (30 July 2015). More...
Changing the mix will bring tax windfall
Australia's economic welfare would improve by up to
$10 billion and raise more revenue for governments through a better
mix of taxes, finds new modelling commissioned by the Property
Council (21 July 2015).
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Optimistic outlook for property sector
Confidence levels remain steady and in positive territory,
with an optimistic outlook for property sector capital gains and
construction recorded in the latest ANZ/Property Council Survey (21
July 2015).
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CommSec report has NSW 3,000 dwelling commencements
behind Victoria
The CommSec report for the January 2015 quarter has NSW
3,000 dwelling commencements behind Victoria but NSW is catching up
fast, says the Urban Taskforce. Despite the fact that NSW commenced
3,000 fewer dwellings than Victoria in the January 2015 quarter,
the CommSec report lists NSW as the top state for dwelling starts
(20 July 2015).
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In the media – New South Wales
Property spruikers put on notice by regulators
NSW Fair Trading Commissioner Rod Stowe is warning
promoters of property investment schemes to operate legally or face
sanctions. Mr Stowe said a common theme was consumers being misled
about the financial benefits of buying into a particular scheme (30
July 2015). More...
Harbour Control Tower, Barangaroo Point Reserve
The NSW Government today approved a development
application from the Barangaroo Delivery Authority to remove the
former Harbour Control Tower. The BDA application seeks to remove
the tower in order to achieve a naturalistic form and character for
the reserve that is consistent with the site's concept plan (30
July 2015). More...
NSW approvals drop 20% for apartments and
non-residential buildings
The Australian Bureau of Statistics (ABS) June 2015
approvals for apartments and non-residential buildings in NSW have
dropped 20% since February 2015, says the Urban Taskforce (30 July
2015).
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UrbanGrowth seeks feedback on city revitalisation
plans
UrbanGrowth NSW is asking the community to have its say on
what should be done with Newcastle's disused heavy rail
corridor (29 July 2015).
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Rates likely to rise following forced amalgamations,
Inquiry told
The claims that forced Council amalgamations would drive
down rates was not borne out by evidence from other states, Local
Government NSW (LGNSW) has told a NSW Parliamentary Inquiry into
Local Government Reform (27 July 2015).
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NSW property industry confidence leads nation
NSW continues to lead national confidence across the
property industry, according to this quarter's survey (20 July
2015).
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In the media – Queensland
Have your say on Stanbroke's $200 million Three
Rivers Irrigation Project
Queenslanders are invited to have their say on the draft
terms of reference for Stanbroke's proposed $200 million cotton
project in the Gulf (31 July 2015).
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Queensland leads way on building approvals
Treasurer Curtis Pitt says that ABS figures released this
week point to the continued strength of Queensland's property
and construction sectors (31 July 2015).
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Darling Downs irrigators gain water flexibility
Darling Downs irrigators will have greater flexibility to
purchase water licences and boost their businesses under changes
made by the Queensland Government (31 July 2015).
More...
Planning in Queensland Must Consider Sea Level
Increases
The Queensland government's decision to redefine
coastal hazard areas based on potential sea level changes is
expected to be of benefit to long-term planning as well as land use
decisions by local councils (22 July 2015).
More...
Cases - Queensland
Lambert Property Group Pty Ltd v Body Corporate for
Castlebar Cove [2015] QSC 179
REAL PROPERTY – EASEMENTS – EASEMENTS
GENERALLY – CREATION – BY EXPRESS AGREEMENT OR UNDER
STATUTE – STATUTORY EASEMENTS – where development
approval was granted for the construction of residential units on a
vacant lot – where approval was granted on the condition that
vehicle access to the lot would be via an easement through the
basement of a neighbouring residential development – where
there is existing access to the vacant lot via a driveway over
which there are reciprocal easements benefitting the vacant lot and
three neighbouring properties – whether access via the
basement is reasonably necessary for the effective use of the
vacant lot. More...
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