In the media – National
Boost in commercial property sales
Investment activity in the Australian commercial property sector
is strengthening, with new data from CBRE showing that September
quarter 2013 sales were up 51 per cent on the prior corresponding
period in 2012 (04 October 2013).
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Office demand returns to positive
territory
After recording a negative result in the second half of 2012, BIS
Shrapnel's underlying demand indicator for the office market
has returned to positive territory, with employment cuts easing (04
October 2013).
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QBCA: New Green Star rulings to slash certification
costs
Improvements to the Green Star rating tools operated by the Green
Building Council of Australia (GBCA) have the potential to slash
the cost of Green Star certification by as much as $50,000,
according to the QBCA (25 September 2013).
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Solid conditions for greenfield market
A new greenfields index launched by Urbis indicates that
conditions in the residential greenfields market have improved
after a weak two-year period with the index giving a national
rating of 106 where 100 is neutral (04 October 2013).
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Housing boom' spells end to rate cuts:
HSBC
Amid talk of a housing 'bubble', capital city housing
values rose by 3.7 per cent in the third quarter of the year to
take prices to a record high. Capital city house prices rose by 1.6
per cent in September and by 3.7 per cent in the third quarter,
resting at 5.5 per cent higher for the year (02 October 2013).
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In the media – Queensland
Newman Government welcomes Blair Athol Mine
Acquisition
The Newman Government has welcomed the announcement that New
Emerald Coal Ltd, a subsidiary of Linc Energy Ltd, will enter into
a Sale and Purchase Agreement to acquire the Blair Athol Mine
tenure from the Blair Athol Coal Joint Venture (04 October 2013).
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Southport declared a Priority Development Area The Newman Government has declared the Southport CBD a Priority Development Area (PDA) and will hand responsibility for development assessment within the PDA to Gold Coast City Council. The PDA will cover the CBD, the Broadwater Parklands and some residential areas and allows for a streamlined planning and development regime (04 October 2013). More...
Demolition plan for Southport Hospital
The Newman Government will demolish the Southport Hospital and
sell the CBD land for development. Comprising approximately 3.5
hectares, the vacant hospital land will be a catalyst site for
Southport and falls within the newly declared Southport Priority
Development Area (04 October 2013).
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DNRM announces faster State land lodgement for
Queenslanders
Natural Resources and Mines Minister announces the Department of
Natural Resources and Mines (DNRM) has established a state-wide
central point of lodgement for all new land tenure applications
under the Land Act 1994 (01 October 2013).
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Sale of Brisbane Clem7 Tunnel announced
More than two years after it was placed in receivership,
Brisbane's Clem7 tunnel has been sold to Queensland Motorways
for $618 million - a fraction of the $3 billion it cost to build.
The sale is seen as a barometer for likely interest in Sydney's
Cross City Tunnel which was placed in receivership two weeks ago
(28 September 2013).
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Published – articles, papers, reports - Victoria
Melbourne's high rise apartment boom
Bob Birrell, Ernest Healy; CPUR
This report documents the scale of the Melbourne's recent
inner-city high rise apartment boom and the scale of its likely
further expansion (26 September 2013).
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In practice and courts – Queensland
Reminder: The Draft Brisbane City Centre Master Plan
2013
This will achieve the
vision of being an 'open city' through a coordinated
framework of
five strategies and the delivery of transformative projects and
initiatives. These projects and initiatives have been grouped
together into the
10 city-making moves. Submission close for the draft master
plan on 25 October 2013.
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Cases – Victoria
Wilde & Anor v Morgan & Ors [2013] VSCA
250
Mortgage – Default notice – Service – Memorandum
of Common Provisions – Construction – Effect of
provision of a 'new' address – Whether in replacement
of or additional to address of property in mortgage as a place at
which notice may be left or given – Transfer of Land Act 1958
(Vic) s 113 – Leave refused to rely on doctrine of fair
notice. More...
Mendonca v Mason [2013] VSC 516
INJUNCTION – Application for injunction to prevent mortgagee
in possession from excluding tenant under alleged lease from
occupation of premises – Serious question to be tried –
Strength of the probability of applicant's ultimate success at
trial relatively low – Damages an adequate remedy –
Balance of convenience in favour of refusing injunction
–Application refused. More...
Cityrose Trading Pty Ltd v Booth & Anor [2013] VSC
504
CONTRACT — Appeal from the Victorian Civil and
Administrative Tribunal on questions of law — Construction of
a contract for the sale of residential property — Whether a
special condition in the contract of sale bound the purchaser to
pay the purchase price plus an additional amount for GST —
Whether the language used in the special condition is so obscure
and so incapable of any definite or precise meaning that the Court
is unable to attribute to the parties any particular contractual
intention — Whether the special condition can be severed
— Special condition void for uncertainty and severable. More...
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