ARTICLE
18 October 2013

Property & Projects – What's News - 16 October 2013

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Holding Redlich

Contributor

Holding Redlich, a national commercial law firm with offices in Melbourne, Canberra, Sydney, Brisbane, and Cairns, delivers tailored solutions with expert legal thinking and industry knowledge, prioritizing client partnerships.
The newsletter includes links to recent media releases, reports and cases relating to property & projects in Australia.
Australia Real Estate and Construction

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). More...

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). More...

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). More...

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). More...

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). More...

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). More...

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). More...

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). More...

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). More...

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). More...

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. More...

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...

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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