My Melbourne Real Estate » housing

Federal Government’s Beleagured NRAS Suffers Another Setback

admin — Wed, 22 Jun 2011 04:00:15 +0000

THE federal government’s ailing National Rental Affordability Scheme has suffered a convenient setback. The $623 million initiative - introduced by Kevin Rudd in 2008, and then part-cut by Julia Gillard and Wayne Swan in recent budgets – has lost another private sector backer which was to have provided 255 affordable housing units in Coburg. Developer Hamton, with joint venture partner Macquarie Real Estate Investment Equity Fund, has quietly rescheduled the start date of its contentious Coburg High School redevelopment – Circa (artist impression, above). [...] Related posts:

Doncaster Public Housing Block Reaches Full Height

admin — Fri, 05 Nov 2010 04:27:51 +0000

MELBOURNE’s next public housing tower – a 10-level, 98-unit complex opposite Doncaster Shoppingtown - has reached its full height. A “topping” ceremony will be held this Thursday to celebrate the suburb’s new landmark – with Minister for Social Housing and Homelessness (and Sport and Indigenous Employment and Economic Development) Mark Arbib likely to attend. State government representatives, and the developer, Bendigo-based not-for-profit group Loddon Mallee Housing Services will also be there. The 95 – 99 Tram Road affordable housing complex is being funded using money from the Commonwealth Government’s Nation Building Economic Stimulus which aims to deliver 4500 new rental homes for low income earning Victorians. [...] Related posts:

Corporate Housing – a testimonial

admin — Tue, 10 Aug 2010 11:00:21 +0000

When I first heard that I was to be transferred to Melbourne I was excited, of course, but also a bit daunted by all the arrangements. How would I find accommodation in a country I had never before been to. The new job came with an accommodation allowance which worked out to A$120 per day for [...] Related posts:

Rates Woes Prompt Housing Slump – What is Exactly Happening?

admin — Sat, 31 Jul 2010 10:41:07 +0000

The interest rate increase has in turn caused a rapid fall in the housing sector. There is a home loan fall of around 7.9% which is a steep fall in past eight year’s time. With the increase in interest rates and the cost of living boost has become a burden for the common man. The Melbourne [...] Related posts:

Hawthorn East School Converted Into Prestige Street

admin — Mon, 19 Jul 2010 04:33:45 +0000

HAWTHORN East’s former Preshil School site has re-opened as a small, new housing estate. A spokeswoman for the Boroondara Council said a Plan of Subdivision was certified on July 9, in which Daniel Court replaces a site previously known as 462 – 466 Barker Road. The planning application to replace the school with a new street was lodged in early 2006. Daniel Court has eight blocks, ranging in area from about 550 square metres to just over 720 square metres. [...] Related posts:

Madden’s Clayton Development One Step Closer

admin — Sun, 18 Jul 2010 04:00:11 +0000

THE Monash City Council didn’t want it – but Planning Minister Justin Madden did - and now one of the south-eastern suburb’s biggest public-private housing developments is set to start construction soon, in Clayton. After more than ten years of debate, a $270 million apartment-based complex will replace a low-rise shopping centre at the busy north-east corner of Dandenong and Blackburn roads. Approximately 400 apartments will be developed as part of The Nova Centre redevelopment – many to accommodate public housing residents, and students. A hotel and shopping centre will also be built on the site. [...] Related posts: