VPA authorising environment, manner of establishment and relevant Ministers The VPA is a State Government statutory authority established under the VPA Act. Victoria’s planning system provides the state-wide framework for use, development and protection of land in the interests of all Victorians as articulated in the Planning and Environment Act 1987 (PEA). Within this system,…
About REA Insights Housing Market Indicators Report is a monthly report combining eight key metrics to provide an up-to-date view of the property market and emerging trends. The report analyses consumer behaviour in real time by extracting property market insights from the millions of Australians who visit realestate.com.au each month. Key metrics include search activity,…
The recent launch of the project’s first stage featured 17 bespoke double-storey home designs ranging from $949,000 to $1,465,000 on lots of land from 255sqm to 551sqm A new residential project worth $60 million has launched in Melbourne’s rapidly growing southeast that will help meet soaring demand for housing. Situated at 21-23 Loxwood Avenue, Keysborough,…
Harris HMC has been appointed as the builder and construction of the residential tower is expected to reach completion in mid-2023 Construction is underway on the new Carlton apartment development, Encompass. Designed by renowned architects Jackson Architecture and located on the corner of Elgin and Nicholson Streets, Encompass is a joint venture between Frasers Property…
Among the many explanations put forward for soaring home prices, one we hear repeatedly is zoning — the regulations that govern the purposes for which land can be used, including how densely people can be housed in different locations. The real estate industry says if only we relaxed the zoning rules and allowed more houses and apartments to be built…
According to the Australian Bureau of Statistics (ABS), the total number of new houses and apartments approved in December last year increased to 19,537 for the sixth consecutive month, an increase of nearly 11% from November and an increase of 23% from the same period last year. ABS’s seasonally adjusted data show that the number…
One year has passed since the new crown pandemic, and Australians are more satisfied with their financial situation than before the outbreak, despite the unstable job market caused by the first recession in 30 years. However, the Scanlon Foundation’s annual social cohesion survey survey shows that the impact of the epidemic means that it has…
New data shows that the median house price in Toorak exceeded A$4 million for the first time since 2017, an increase of $331,000 within a year. According to Domain’s latest housing price report, this vibrant suburb is home to some of Australia’s wealthiest households, with a median of $4,181,250 in the December 2020 quarter, up…
In recent decades, with the improvement of sustainable development and energy efficiency, modern buildings have developed rapidly. However, increasing the priority of fire safety is not that important, and we need to rethink our approach. Combustible cladding materials commonly found in buildings cause safety hazards. The system originally used to help solve this problem is…
The housing area in Australia is getting bigger and bigger, but it is usually not sustainable. In our recent research, we studied the energy use of Australian houses, including the energy needed to build, maintain and power houses. Perhaps unsurprisingly, we found that more energy enters larger houses. This is not only bad for the…