Residential communities - Melbourne's growth area land market

FOR the first time on record it is likely that the median cost of land will eclipse the median construction cost of the home in last quarter of 2010.

The metropolitan Melbourne growth area median land price has rocketed into the $200,000's, settling at $212,750, up 14% over the quarter and 24% over the last 12 months.1

In some markets, such as the City of Wyndham and the City of Casey the median land price now exceeds $230,000.

  • Written by Andrew Perkins

$100m mixed-use development approved in South Yarra

A MAJOR mixed-use development in the Forrest Hill Precinct in South Yarra has been approved by the Victorian Government. The $100 million development, at 227 Toorak Road, South Yarra, will consist of a 25 storey building and includes 345 apartments, car parking and ground floor retail.

Mr Madden said the Forrest Hill Precinct is an important part of the South Yarra activity centre and has been identified for regeneration to accommodate more intensive development. He added that the government is committed to supporting development in key activity centres.

  • Written by Urbanalyst

$80m development approved at former Ringwood Market site

VICTORIAN Planning Minister Justin Madden today announced that planning permits have been approved for a major retail and office development at the former Ringwood Market site.

The mixed-use development, located on the corner of Bond and Market streets and 13-17 Ringwood Street and 19 Ringwood Street, will consist of three buildings of up to five storeys. Construction on the development is expected to commence in early next year.

  • Written by Urbanalyst

Five Aldi supermarkets get the green light in Victoria

VICTORIAN Planning Minister Justin Madden has granted conditional planning permits for five new Aldi supermarkets. The five stores are proposed for Drysdale, Geelong West, Highton, Rye and North Balwyn, with Mr Madden saying the developments would provide a $34.5 million boost to the Victorian economy.

In February this year, Mr Madden determined that the Aldi proposals were of state significance and an Advisory Committee was appointed to consider the proposals for each site. The proposals were assessed by a single Advisory Committee as part of a streamlined planning process with public hearings for each proposal.

  • Written by Urbanalyst

Minister approves two supermarkets for Cowes

Planning Minister Justin Madden yesterday approved planning permits for the development of two supermarkets in Cowes, saying they will provide a boost to the local economy and create ongoing employment.

The developments which have been granted planning permits are:

  • A 4,175 square metre Woolworths supermarket at 119-135 Thompson Avenue, Cowes; and
  • Morgan & Griffin (M&G) supermarket at 114-122 Thompson Avenue, Cowes which includes construction of a 2,330 square metre supermarket and speciality shops.
  • Written by Urbanalyst

City of Melbourne approves Southbank structure plan

THE City of Melbourne Future Melbourne Committee last week endorsed the Southbank Structure Plan, a 30-year vision for the city area, which aims to improve streetscapes, create more public spaces and provide better local amenities for residents, workers and visitors.

The final Southbank Structure Plan follows a two-month community consultation process that resulted in more than 80 written submissions.

  • Written by Urbanalyst

$50m expansion of Gateway Plaza in Warrnambool gets go ahead

VICTORIAN Planning Minister, Justin Madden, yesterday approved the planning permits for the $50 million redevelopment of Gateway Plaza in Warrnambool, with construction set to start early next year.

The planning permits will allow for a food court and outdoor seating, a supermarket and new specialty stores to be constructed. A total of 8,560 square metres of leasable floorspace is proposed. The redevelopment will also provide for an additional 319 parking spaces, a new vehicle access point from Gateway Road and a new loading area.

  • Written by Urbanalyst

VCAT to open suburban offices and increase regional presence

The Victorian Civil and Administrative Tribunal (VCAT) will set up new offices in Berwick and the City of Hume as part of its three year strategic plan, Transforming VCAT.

VCAT staff will also be located within regional courthouses at Geelong, Ballarat, Bendigo, Shepparton, Morwell, Mildura, Warrnambool and Wangaratta as part of a plan to boost VCAT's suburban and regional focus.

  • Written by Urbanalyst

Melbourne CBD retail strongest of all capital cities

MELBOURNE'S CBD retail trade is the strongest of any capital city in the nation with the lowest vacancy rates and a growing trend in 'laneway' shopping, according to a new report card released last week.

Last Wednesday, Melbourne Lord Mayor Robert Doyle launched the Year Four Report Card for the Melbourne Retail Strategy 2006:2012. The strategy is the only long-term plan of its kind for an Australian capital city.

  • Written by Urbanalyst

Regional Rail Link moves a step closer

THE $4.3 billion Regional Rail Link project has moved to the next stage with the Department of Transport this week lodging documentation for an environmental effects referral to the Department of Planning and Community Development.

Alterations to the rail alignment have reduced the number of properties needing to be acquired for the project between Southern Cross Station and Deer Park.

  • Written by Urbanalyst

Vic Govt. rejects Woolworths hardware store at Geelong

PLANNING Minister Justin Madden yesterday rejected a combined planning permit application and rezoning of land for the proposed Woolworths hardware store in North Geelong.

The site, currently a disused golf course, is located on the corner of Thompson Road and Ballarat Road, North Geelong and was one of eleven sites proposed across Victoria. Mr Madden appointed an Advisory Committee to consider the suitability of all eleven sites and to assess the merits of each project against set criteria including relevant State and local planning policy.

  • Written by Urbanalyst

Discussion report released for Broadmeadows CAD

PLANNING Minister Justin Madden today invited residents, business owners and stakeholders in Broadmeadows to have their say on 'Planning for Broadmeadows Emerging Strategic Directions: A Report for Discussion'.

Mr Madden said Planning for Broadmeadows will set the strategic directions for the Central Activities District (CAD) and would be instrumental in shaping the area over the next 20 years.

  • Written by Urbanalyst

VCAT approves $400m Southbank high rise

THE Victorian Civil and Administrative Tribunal (VCAT) has upheld the State Government's decision to grant planning approval for a mixed commercial and residential development in Southbank.

The application was initially approved by Planning Minister Justin Madden in April this year but was appealed by Melbourne City Council, on grounds that it failed to meet the objectives and requirements of the Melbourne Planning Scheme.

  • Written by Urbanalyst

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