Archive for category: Market

Five Dock Mixed Use Rezoning Adopted

Five Dock Mixed Use Rezoning Adopted

*Blockbrief members were notified immediately in August of the rezoning information provided below.   The Canada Bay LEP 2013 Amendment No 9 applies to three properties. For 355 Lyons Road it rezones the property from R2 Low Density Residential to B4 Mixed Use and increase FSR from 0.5:1 to 1.3:1 and increase […]

Residential Rezoning in Victoria to Yield 464 Lots

Residential Rezoning in Victoria to Yield 464 Lots

*Blockbrief members were notified immediately in July of the rezoning information provided below.   St Leonards Residential Rezoning  321 – 399 Ibbotson Street, St Leonards has been rezoned from Farming Zone to General Residential Zone Schedule 1.  In addition, associated Planning Permit Application 970 proposes to allow a staged multi lot residential […]

Blockbrief Development Update March 2015

Blockbrief Development Update March 2015

by Michael Radovnikovic on March 18, 2015 With unprecedented auction clearance rates in Sydney in 2015 with a consistent 80% plus has seen the Sydney market surge with investors into the property market. From a development perspective, Sydney residential land is in the middle of a renaissance. We are seeing […]

Reforming NSW’s Local Government

Council amalgamations are clearly a priority with the NSW Government’s Independent Local Government Review Panel (ILGRP). In their report “Future Directions for NSW Local Government – Twenty Essential Steps”, ILGRP sets out key actions that will assist in improving and enhancing the strategic ability and financial capacity of local Councils […]

NSW Government grants approval for Barangaroo’s first residential buildings

NSW Government grants approval for Barangaroo’s first residential buildings

Artist’s impression of Alexander at Barangaroo South Source: http://smh.domain.com.au/real-estate-news/green-light-for-barangaroo-apartments-20130705-2ph7a.html   Approval has been granted by the NSW Government for Lend Lease’s first two residential buildings, known as Anadara (R8) and Alexander (R9) at Barangaroo, located in the southern precinct on the fringe of Sydney’s CBD.   With a total combined investment […]

New York City Development Sites In Ridiculously High Demand

New York City Development Sites In Ridiculously High Demand

According to Crain’s property prices in Manhattan are reaching record highs as developers make crazy bids for development sites. There is a rush that is pushing prices for property – either vacant sites or buildings that can be knocked down – to record levels. Examples include: In early April, Peter Hauspurg had […]

Sydney Residential Development Sites In Highest Demand For Years

Sydney Residential Development Sites In Highest Demand For Years

According to CBRE Residential development opportunities in Sydney are becoming increasingly rare, as the rental squeeze tightens on commercial and industrial properties. CBRE Director of Capital Markets Daniel O’Brien said demand for real estate with redevelopment potential within the City of Sydney local government area was at its highest level […]

US Housing Starts In March Surpass 1 Million

US Housing Starts In March Surpass 1 Million

U.S. housing starts jumped to above a 1 million annual rate in March, the fastest since June 2008. The gain was driven by a surge in apartment construction and showed continued strength in the housing market at the start of the spring buying season. The Commerce Department says that builders […]

Sydney Office Market Back In Demand

Sydney Office Market Back In Demand

The vacancy rate in the Sydney CBD commercial office market has fallen to its lowest level in four years, according to the Property Council of Australia’s latest Office Market Report. The vacancy rate across the CBD fell from 8.1 percent to 7.2 percent in the six months to January 2013, […]

Reserve Bank Interest Rate Announcement March 2013

Reserve Bank Interest Rate Announcement March 2013

At its board meeting this afternoon, the Reserve Bank opted to keep rates on hold. The official interest rate remains at 3 per cent. The move was largely expected after comments from the Reserve Bank Board’s governor, Glenn Stevens, revealed that the board was comfortable with the current rate settings. […]