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Old September 17th, 2019, 03:09 AM   #7401
JCooza
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Quote:
Originally Posted by Papps View Post
Type of use will be interesting....

Wasn’t the original plan (was it EF or FK?) entirely Apartments? May now need to be a multi-use development to suit the current marketplace scenario.... office/hotel/serviced apartments/apartments and as you say, retail.
Was EF.. hopefully a redesign is in the works.

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Old September 17th, 2019, 04:08 AM   #7402
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I'm seeing a really significant recovery in demand for inner city high rise apartment sites. I'm not surprised that that City Road site is changing hands (although I have no knowledge of that one) and I know of several developers trying to get their hands on any remaining sites that have Guy era planning permits still in place. Keep an eye on Clarke St Southbank for example and I'm lead to believe that we might know more about 28 Power St in the not-too-distant future.
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Old September 17th, 2019, 05:49 AM   #7403
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I'm seeing a really significant recovery in demand for inner city high rise apartment sites. I'm not surprised that that City Road site is changing hands (although I have no knowledge of that one) and I know of several developers trying to get their hands on any remaining sites that have Guy era planning permits still in place. Keep an eye on Clarke St Southbank for example and I'm lead to believe that we might know more about 28 Power St in the not-too-distant future.
So we went from mega-boom, to impending collapse due to finance drying up and massive oversupply, back to alright again in a blink of 12-15 months.

Shortest bust ever. Yes, I am surprised too. Aspire and UNO don't get built unless fundamentals are decent to good.

38 Freshwater Place / 35 Power Street has a legit 280m planning permit. Surely someone can make that work. I also wonder about Hanover House next door which has a 216m permit. If Beulah is cashed up, they should gobble that site up and append it their Green Spine project.

P.S. I find it very easy to spend other people's money.
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Old September 17th, 2019, 07:45 AM   #7404
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Quote:
Originally Posted by db2 View Post
So we went from mega-boom, to impending collapse due to finance drying up and massive oversupply, back to alright again in a blink of 12-15 months.

Shortest bust ever. Yes, I am surprised too. Aspire and UNO don't get built unless fundamentals are decent to good.

38 Freshwater Place / 35 Power Street has a legit 280m planning permit. Surely someone can make that work. I also wonder about Hanover House next door which has a 216m permit. If Beulah is cashed up, they should gobble that site up and append it their Green Spine project.

P.S. I find it very easy to spend other people's money.
Fairly low unemployment and a growing population... the fundamentals are there. The question remains, however: is this sustainable or is it a slight uptick purely due to low rates and an increase in lending? If the latter, it might be short lived, because if the economy is stagnant, so are wages, meaning the mountains of household debt will bite eventually.
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Old September 17th, 2019, 11:55 AM   #7405
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Originally Posted by A r c h i View Post
^This is worth checking out:

https://www.dsmelbourne.com/news/
Thank you. Looks like heaps has actually been happening there, didn't even know!
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Old September 17th, 2019, 11:57 AM   #7406
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Quote:
Originally Posted by Decatur View Post
I'm seeing a really significant recovery in demand for inner city high rise apartment sites. I'm not surprised that that City Road site is changing hands (although I have no knowledge of that one) and I know of several developers trying to get their hands on any remaining sites that have Guy era planning permits still in place. Keep an eye on Clarke St Southbank for example and I'm lead to believe that we might know more about 28 Power St in the not-too-distant future.
One thing that puzzles me is the three-year commencement deadline from the date of approval. Was it only applicable to certain permits? It's strange that Guy era permits still exist.
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Old September 17th, 2019, 12:25 PM   #7407
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One thing that puzzles me is the three-year commencement deadline from the date of approval. Was it only applicable to certain permits? It's strange that Guy era permits still exist.


Permits always have a commencement and completion deadline, typically 2 years to commence. Permits can be extended, usually once but the applicant needs to demonstrate they are committed to the delivery.

They can continue to be extended with amendments but as we saw with Windsor hotel the government don’t allow endless time.

I’m surprised there are still permits Guy issued but they may have been able to play the game and be a Labour Party donor.
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Old September 17th, 2019, 01:05 PM   #7408
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One positive IMO is rental vacancy rates, across the 3 major postcodes for the CBD, Docklands, and Southbank, there has been minimal deviation from the normal yearly cycle over the last few years.





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Old September 17th, 2019, 01:49 PM   #7409
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^ It shouldn't come as a surprise. Those three suburbs combined have been adding, on average, 7,000 new residents each year since 2013. That requires, on average, 4,000 new apartments each year. Or all 4 WSP towers and an Aurora added.... every year. Yet the sensationalist media goes into an oversupply frenzy every time an apartment boom threatens to take off.
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Old September 18th, 2019, 01:46 AM   #7410
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What I love about this is, apparently there are swathes of empty apartments in Docklands but this is showing only 180. This is 1 buildings worth!
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Old September 19th, 2019, 09:08 AM   #7411
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The "Claremont Crane Count" ( aka CCC ) has hit 50 !!
For the past couple of years I've closely observed the workings of inner Melbs from our Claremont St South Yarra apartment balcony.
It's a pretty breathtaking view which takes my breath away every time I look ( the iphone photo doesnt really do it justice) and from here we can now visually count 50 constuction cranes ( the port dock cranes don't count ) which is easily the most we've counted.
The least was 28 about 18 months ago which at the time was pretty impressive.
Australia 108 looks pretty much bang on Eureka's height from our perspective.
4 cranes in South Yarra/Prahran ( can't see much else apart from Claremont St ).
14 in Richmond/ Abbots/Collingwood
3 on St Kilda Rd
The rest in the City/Soutbank




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Old September 20th, 2019, 06:35 AM   #7412
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Discussion > General Melbourne related banter

Latest population stats released by the ABS for the year ended 31 March 2019.

VIC grew by a further 133,500 to 6,566,200. An increase of 2.1%.

VIC's total is just shy of 26% of the country's total population.

VIC continues to grow the fastest in both % and aggregate terms.

The state also had the highest net overseas migration attracting approx 37% of the country's net immigration. NSW was about 33%.

https://www.abs.gov.au/ausstats/abs%...7?OpenDocument
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