englobo

No Land for You, Melbourne

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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 reverberates and amplifies all the way to their centre. Constricting supply has profound implications.

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AHURI is ‘Home Alone’

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  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 impossible to untangle the many influences on house prices in any jurisdiction (e.g. local desirability, […]

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Englobo IV: Land, Land, everywhere but not a place to sit

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Victorian Planning Minister Matthew Guy has been out this week energetically pointing to fresh ‘land releases’ around Melbourne.  Growth, or the illusion of growth, is a powerful sedative that buys contentment and political support.  He will bang this drum hard. Plan Melbourne – the Napthine government’s vision for development – forecasts a Melbourne of 6.5 […]

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Marvelous Melbourne, Magical Margins

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    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 Investment 1880-92  by doctoral candidate Ron Silberberg[i] of Monash University […]

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Kohler condemns expensive land

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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 Australia is one of the reasons businesses […]

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Listed Developer Englobo Holdings

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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 largest holder is Stockland, followed by Lend Lease, with a giant 28.2 years supply of […]

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Melbourne is planning to fail

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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 of entry to quality suburbs • Home for the rest in apartments or […]

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Victorian Government entrenches Englobo

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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 acting chief executive Peter Seamer saying the decision to change the sale strategy was […]

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Englobo

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Land in Australia should be dirt cheap. Outstanding access to land ought be a national advantage, generously conferred by a loving government upon its people.

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