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Development

This Month

Mirvac investment head Richard Seddon with Daibiru Corp’s Takashi Tomoda.

Mirvac says Melbourne office market is stabilising

The Victorian capital will get just three new office towers between now and 2030. The landlord and investor says that will drive tenants to its new building.

Mario Gabrael outside his Carlingford property. He has organised 15 houses in his street to amalgamate to sell.

Neighbours selling together make a $1.7b prize, but it may be too late

Real estate agents say there has been an influx of home owners banding together and selling to developers making use of new planning rules in Sydney.

The four-bedroom house on 742 square metres at 36 Mount Auburn Road in inner-western Sydney’s Berala sold at auction for $2.375 million.

‘There’s definitely profit’ for buyer of $2.4m home

Lower borrowing costs and expectations that purchasers will pay more are spurring developers into action once again. They’re chasing areas with opportunity.

Paving the way: New home-building is picking up again .

New housing supply will raise (and lower) prices

The new home-building cycle is just beginning. Its effects on values will vary by location and property type, analysts say.

The state government is preparing to launch its “pattern book” designs for a mid-rise apartment block by Andrew Burges Architects.

Industry wants faster mid-rise development after 10-day house approvals

The housing industry has challenged the Minns government: if Queensland can approve apartments in three months, why can’t NSW?

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Australia’s generational housing shortage and affordability crisis has been exacerbated by thickets of regulation, delays and long approval times, a lack of medium-density apartments and townhouses in the suburbs near city centres, as well as overzealous local governments and NIMBY agitators.

Chalmers should heed Hawke on red tape

The challenge for the treasurer at his Economic Reform Roundtable will be to ensure the good ideas do not get lost in translation.

What one of the NSW pattern home designs looks like.

If your home design looks like one of these 8, it’ll be fast-tracked

Surprisingly cheap plans for NSW houses, terraces and townhouses will get quicker approvals to try to ease prices in one of the world’s most expensive cities.

A rendered image of Lendlease’s plan to build 300 luxury apartments overlooking Sydney’s CBD.

$2.5b luxury apartment project planned for Sydney

The ASX-listed developer, investor and builder wants to show it has progressed a strategy to double down on its Australian development pipeline.

There is value, after all, in managing our cities. The coordination of public utilities, transport networks, green space, and infrastructure capacity is a role that private actors, uncoordinated, are unlikely to fulfil. These are the main market failures that effective planning should work to resolve.

The housing crisis is being managed by the wrong people

Planning policy has been monopolised by a small professional silo, which for decades has been insulated from external input, feedback, and oversight.

June

New housing being built at Edmonson Park in Sydney.

This could ease Sydney’s house crisis, but current owners have to pay

The water pricing regulator has tried to shield households from bill shock, but industry warns underinvestment will drive up the cost of housing.

In some parts of Australia, getting approval for a modest townhouse now takes longer than building one used to.

What’s holding us back from a better housing, transport and clean energy future

Australia doesn’t lack ideas for solving problems in housing, transport and clean energy, we lack institutions that can follow through and create change.

May

A collection of 12 properties at 32-38 Wilberforce Ave & 41-55 Dover Road in eastern Sydney’s Rose Bay has come to the market with price hopes of $165 million-plus. 

12 houses, $165m: Rose Bay home owners join forces to sell mega block

New NSW policy prompts the 12 property owners in the affluent harbourside Sydney suburb to put their collective site up for sale to developers.

March

Macquarie-backed build-to-rent player Goodstone Living has signed a GBP 116m deal to develop and manage a parcel of 360 homes at Dagenham Green, on the site of the former Ford stamping factory.

Inside Macquarie’s $237m punt on the east London riverside

It has taken four years, but the wealth giant’s British build-to-rent vehicle Goodstone Living seems to be finding its feet – on the site of a famous former Ford factory.

February

QIC Real Estate managing director Deborah Coakley wants the sovereign wealth fund to go beyond being known as a shopping centre owner.

QIC’s big plan to fix the nation’s housing and healthcare shortages

Newly appointed real estate managing director Deborah Coakley says the sovereign wealth fund wants to be known for more than owning shopping centres.

January

Andrew Charlton and Anthony Albanese were keen to spruik Labor’s plans to improve housing in Parramatta last week.

NIMBY or YIMBY? Andrew Charlton’s identity crisis

The federal MP, who owns several properties, is petitioning to stop development of 2500 new homes.

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Nigel Bennett at the Barbican, London.

This star British gardener has big plans for Melbourne

Horticulturalist Nigel Dunnett is about to embark on his first project outside Britain – the Laak Boorndap garden in the new Melbourne Arts Precinct.

The 20,000-square-metre precinct will feature six buildings (four of them residential) set around a central green square.

Canberra’s London Circuit to get $650m mixed-use precinct

Capital Property, the development company of late Rich Lister Terry Snow, is about to shape the largest CBD site ever sold by the ACT government.

November 2024

Stockland’s joint venture partner, Bangkok-based Supalai, waited since last December for the green light from federal regulators to control 12 Lendlease estates.

How a year-long wait worsens the housing crisis

A near 12-month wait for a Thai property developer for approvals to buy housing estates could deter other foreign developers, warns adviser Joseph Gersh.

Business Council round table discussion members, left to right. Lendlease chief executive Tony Lombardo, Stockland chief executive Tarun Gupta, BCA chief executive Bran Black and CBA Matt Comyn.

Construction workers should be 10pc of migration, big developers urge

That was one of the key messages from a housing roundtable that focused on how to remove roadblocks to increasing the supply of affordable houses

October 2024

Pedestrians walk along the Hudson Square neighborhood of Manhattan

Welcome to New York’s next hot neighbourhood

Google and Disney have moved in to Hudson Square. Now developers luring residents with green spaces and a pedestrian-friendly plan for the once gritty industrial area.

Original URL: https://www.afr.com/topic/urban-development-63l