Inside track: Property & Real Estate - In the media, In practice and courts, Cases and Legislation

In the media Commonwealth

Parliament backs farmers with Criminal Code Amendment Bill set to become law The Australian Senate passed the Criminal Code Amendment (Agricultural Protection) Bill, meaning tough new penalties for those who incite trespass, property damage or theft on agricultural land will soon become law (12 September 2019). More...

Shopping mall landlords feel the cooling winds of rent decline Shopping centre owners are under increased pressure from falling rents as they grapple with the slow retail sales and the need to offer higher incentives (11 September 2019). More...

People want and need more housing choice Australians need greater housing diversity to meet their current and future housing needs. There are strong demographic drivers of the need for a more diverse range of housing in our cities. Not all current and future households want single standalone houses or multi-storey apartments (09 September 2019). More...

June quarter stats see bottom of the market: REIA The decline in property prices continued in the June quarter and will most likely mark the bottom of the cycle, according to the latest research from the Real Estate Institute of Australia (11 September 2019). More...

House prices will rise up to 10 per cent: UBS UBS economists have upgraded their house price forecasts over the next year by up to 10 per cent after July's lending figures returned their largest monthly jump since the post-GFC rebound in 2009 (11 September 2019). More...

Australia sets new record as world-leader in real estate sustainability rankings Australian property companies have improved their sustainability performance and increased their lead globally, while maintaining their ranking as the best in the world in the internationally recognised 2019 GRESB Real Estate Assessment results for the ninth year running (10 September 2019). More...

PCA: Australia's property industry global leader on ESG The Australian and NZ real estate sector has again outperformed other regions in the world's most trusted sustainability benchmark, the Global ESG Benchmark for real estate assets (GRESB). Australia and New Zealand achieved an average GRESB Score of 81, up from 76 last year, and well ahead of the global average of 72 (which also improved from 68 the previous year) (09 September 2019). More...

First home buyers surge First home buyers are continuing to take advantage of a less competitive environment and more affordable house prices. The number of loans to first home buyers was up by 1.3 per cent for the month and 4.0 per cent for the three months to July, stated HIA's Economist, Angela Lillicrap (09 September 2019). More...

Housing market wrap up: Auctions, approvals and GDP The much-awaited GDP results released on Wednesday showed the slowest rate of growth since the global financial crisis, with GDP growing just 0.5 per cent for the June quarter and 1.4 per cent over the year (06 September 2019). More...

Apartments could be the crack in the housing market recovery Evacuations, cracking, flammable cladding - the apartment market has been plagued by damaging, high-profile problems this year. So could it be the thorn in the side of the emerging property market pick-up (05 September 2019). More...

Rental affordability hits 11 year high: Report Rental affordability improved during the June 2019 quarter to the lowest proportion of income required to meet rent payments since June 2008, according to research from the Real Estate Institute of Australia (04 September 2019). More...

GBCA and ISCA launch new guide for sustainable city-building Two of Australia's leading sustainability organisations have come together to make it easier for industry to deliver sustainability through the infrastructure and buildings that are rapidly shaping our cities (04 September 2019). More...

Building crisis: We need an injection of good evidence Rectifying an information and evidence shortfall in the now widely cited building and construction crisis needs to be an important part of improving policy making and regulation (05 September 2019). More...

Victoria

Melbourne's office market boom rolls on Melbourne's office market boom is expected to roll on until at least 2024, with prime rents in the CBD expected to surge another 30-40 per cent over the next five years (13 September 2019). More...

A broader focus is required, when protecting peri-urban agriculture Farmers on Melbourne's urban fringe have expressed deep disappointment at what they say is the narrow focus of plans to preserve strategic agricultural land. They were responding to a Department of Environment, Land Water and Planning consultation paper, identifying strategic agricultural land on the outskirts of Melbourne (11 September 2019). More...

Melbourne Park redevelopment celebrates the completion of stage two The second stage of the Victorian Government's near billion-dollar redevelopment of Melbourne Park is complete - giving fans more comfort and convenience in the major events capital of Australia (10 September 2019). More...

Lendlease wins approval on $1bn Melbourne Quarter Tower Property giant Lendlease has been greenlit for its $1 billion Melbourne Quarter Tower on Collins Street, with plans to kick off construction later this year (05 September 2019). More...

NSW

Approval for 160-Unit development in Redfern A proposal for a flagship 160 apartment development located at 11 Gibbons Street Redfern has received development approval for one of Australia's largest community housing providers SGCH (12 September 2019). More...

Sydney's emerging Aerotropolis suburbs offering gains for developers Sydney's emerging greenfield suburbs such as Gledswood Hills, Oran Park, Gregory Hills and Leppington are benefiting from future infrastructure hotspots such as the Aerotropolis, Western Sydney International Airport and Sydney Science Park (10 September 2019). More...

Parramatta developer inks deal with co-living giant Hmlet Singaporean co-living operator Hmlet has partnered with a Sydney developer to launch four new co-living properties as it beefs up its Australian pipeline (10 September 2019). More...

Queensland

Planning schemes to support ATSI knowledge, culture and tradition Queensland's planning legislation is leading Australia in its recognition of the need to value, protect and promote Aboriginal and Torres Strait Islander knowledge, culture and tradition. Minister for Planning Cameron Dick said new guidance material released will assist Queensland councils in supporting cultural awareness through their local planning schemes (12 September 2019). More...

Property Council research highlights rating practice inequity Property Council research into Queensland local government rating practices has raised new concerns with the targeting of...