In many inner urban areas across Sydney, Melbourne and Brisbane, there is an increasing need to accommodate high density residential buildings without removing all light industrial premises such as panel beaters, auto repairs and commercial laundries. In some of these urban renewal areas, there are planning measures to enable “the transition from predominantly industrial activities [...]
There are real fundamentals behind the recent strength in the Industrial property market. Urbis Valuations & Advisory has observed a few recent (and ongoing) themes that are supporting this sector. The 3PL framework In a bygone era, companies managed their own logistics. Over recent decades this has been steadily changing and the use of third [...]
Over recent months, Urbis have been increasingly involved in Industrial land and property projects, reflecting strong interest in this sector from a range of parties. Industrial has evolved and in some ways it could be renamed ‘warehousing’, as there are very few manufacturing properties built or held for investment purposes. Nowadays, the industrial sector primarily [...]
Traditionally, plot ratio has been a key control for controlling bulk and massing for infill development in Queensland. It has also allowed local government infrastructure planners to plan for the required infrastructure in a given area. However, plot ratio controls have also had some downsides. They have had the potential to result in homogeneous development [...]
The development of higher density developments in inner city locations can be met with concern by local residents and attracts significant appraisal by Councils. Urbis’ Public Policy team has found that key issues are often raised in relation to the provision of open space and community facilities. However, the successful delivery of density, particularly as [...]
The NSW Environmental Planning and Assessment Act was amended in 2005 to extend the way in which development contributions can be collected, either through Voluntary Planning Agreements (VPAs) or fixed development consent levies, in addition to section 94 contribution plans. VPAs are a mechanism to obtain contributions for a public purpose. Under a planning agreement [...]
Hong Kong is a sophisticated, dynamic and high growth retail market, with a well-established network of shopping centres and retail districts. By Asian standards it is quite transparent, however, per capita provision of retail floorspace in Hong Kong is low by international standards, and growth continues to outstrip supply. The rise of the chinese consumer [...]
The boom in the Melbourne greenfield residential market through the 2000s was a major factor in supporting Melbourne’s economic growth. The availability of affordable land and housing made Melbourne an attractive location for interstate and international migrants. Since 2011, this trend has reversed sharply and affordability has become the major focus. Incentives for lot sales [...]
There has been a significant shift in office floorspace demand in Perth with the lowest vacancy rates, and the highest rent per square metre in the country. The vacancy rate in the Perth CBD is only 4.2% and in West Perth it is even lower at 3.2%, compared with Melbourne at 5.6%, Sydney at 8.2% [...]
Content provided by Sarah Emons Melbourne’s West End as a place for urban renewal has been unrealised for decades. Instead, the Docklands has become the place for residential and commercial growth, leaving the West End with a decided lack of vibrancy and urban intensity, and home to some true eyesores such as the derelict Savoy [...]