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No Land for You, Melbourne

The Napthine government is determined to limit land supply and thereby further increase the cost of land for all in Melbourne. The price of freshly subdivided land on the outskirts of cities affects the market all the way to the centre.  Constricting peri-urban supply...

AHURI is ‘Home Alone’

  In an extraordinary outburst, the Australian Housing and Urban Research Institute has today embraced planning constraints on urban subdivision, elevating ‘developer certainty’ over the risk – heaven forbid! – of oversupply. I kid you not. “While it is almost...

Marvelous Melbourne, Magical Margins

    The weighted net annual rate of return on land investment in Melbourne 1880-92 was a remarkably high 34.6 per cent, peaking at 78.3 per cent in 1887, according to a fascinating paper researcher Philip Soos has unearthed Rates of Return on Melbourne Land...

Kohler condemns expensive land

Alan Kohler is out this morning on Business Spectator with a big swipe at Conservative state governments.  Yes, that is conservative with a capital ‘C’. He sees at last the destruction the cost of land is wreaking from Port Hedland to Hobart. The high price of land in...

Listed Developer Englobo Holdings

Sharemarket-listed property developers hold 264,000 residential lots in their development pipeline – 19.3 years supply with a disclosed end value of $80 billion – in a year when they sold only 13,000 lots, according to analysis by Prosper Australia. The...

Melbourne is planning to fail

The Victorian government today released its metropolitan planning strategy Plan Melbourne at an industry seminar in the Melbourne convention centre. It puts in place the preconditions for a city that is: • Economically divided • Highly livable for those with the price...

Victorian Government entrenches Englobo

Places Victoria, a government agency that once competed with private land developers to limit their pricing power, is to sell all its remaining land holdings on Melbourne’s outskirts to a single buyer, the AFR reports today. Rebecca Thistleton has Places Victoria...

Englobo

Let me introduce you to a beautiful word that loops off the tongue, sweet soft and round. Englobo. It is “an undeveloped lot, group of lots or parcel of land that is zoned to allow for, and capable of significant subdivision into smaller parcels under existing land...