Sustainable Planning Regulation to cut red tape in Queensland

On 15th March 2013 the QLD Government passed the Sustainable Planning Amendment Regulation (No.1) 2013, introducing a number of changes to the Sustainable Planning Regulation 2009, to improve the efficiency of the State’s integrated development assessment system.  Red tape

The changes are part of the Government’s broader policy to streamline and integrate development assessment processes and reduce the regulatory burden on the property and construction sectors. 

The estimated reduction of the number of referrals to the State is 1000 per year, brought about by reducing the number of schedules in the Sustainable Planning regulation by seven which will free up State resources and ease time and cost implications within the development industry. 

For more information please click here

Posted in Government Reform, Legislation, Market Analysis, Titling | Leave a comment

Is your new development Foxtel Ready?

802848-foxtel-remoteThere are now over 2.2 million Foxtel subscribers in Australia.

For occupants to be able to access Foxtel when they move into your new development, a system needs to be constructed which delivers signals to each wall plate. Correctly pre-wiring the development is a critical first step in ensuring that the Foxtel service is available when residents move in.

Making your development Foxtel ready will:

  • Allow you to market your building as Foxtel ready.
  • Provide residents with easy access to a service they expect will be available.
  • Ensure that Foxtel can be installed without the need for expensive external cabling.
  • Provide the basis for the installation of additional home automation systems
  • Enable residents to easily transfer their existing Foxtel subscription when they move into the property.

To register your new building head to: Working on a development that needs to be Foxtel ready?

Foxtel has set processes and specifications in place for designing, installing and commissioning Multi Dwelling Units, Multi Residential Estates and Commercial installations to Foxtel’s expectations. To access supporting documents for requesting activation of Foxtel installations click here.

Posted in Design, Sales, Utility Infrastructure | Leave a comment

Innovation will make all the difference to housing affordability

housing-affordabilityUrbis released a Report to the National Housing Supply Council (2012) entitled: Scoping Study into Housing Supply Responses to Change in Affordability, Australia. The report was commissioned to conduct scoping research into the residential construction industry’s responses to changes in affordability.

The report includes interviews with developers, builders and industry peak bodies and highlights opportunities in innovation including:

  • Smaller dwellings and lots
  • Choice of materials and methods
  • Sourcing cheaper materials

The major findings of the Scoping Study are highlighted below:

  • Housing affordability is acknowledged as a significant challenge Australia wide and the research recognises that supply has generally failed to meet demand.
  • Factors that influence supply and affordability include the availability and cost of land for development, finance constraints and costs, policies and processes related to development approval, the construction process itself, and the capacity of the labour force to support innovation.
  • Some parts of the sector have responded by increasing the provision of multi-unit dwellings and using materials that reduce the life-cycle costs of new development. Some are innovating with new construction techniques such as pre-fabrication and off-site manufacture due to safety and efficiency benefits (especially related to saving time). The adoption of pre-fabrication and off-site manufacture is not however widespread.
  • Some parts of the social housing sector have responded by delivering a greater variety of dwelling products.

To access Scoping Study into Housing Supply Responses to Change in Affordability click here

 

Posted in Affordability, Financial, Market Analysis | Leave a comment

Next time you’re designing a development think outside the box!!!!

A new boutique commercial development in Sydney’s inner southern suburb of Waterloo has been gaining traction in the tightly held strata office market.

Danks & Bourke is a futuristic looking office and retail building targeted a small to medium sized businesses seeking creative spaces in the emerging artistic precinct.

“It is a fun place to work with a fluidity that promotes social interaction among occupants.” said Mr Owen of Tony Owen Partners

To read the full article Click Here

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Floods, Floods, Floods!!!

There has so much information hitting the media about the recent Queensland flood crisis. There has also been a lot of confusion about how strata schemes faired throughout this time. Fear not the best place to go for information and ongoing support is your friendly body corporate manager.

SSKB has put together some great areas for consideration for both owners and developers alike.

Check it out!!!

http://www.icontact-archive.com/lw29k8nloLK1yN49K-Vy80DSkVScZXQH?w=7

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UDIA QLD Awards for Excellence

Last Friday night UDIA Queensland celebrated the unveiling of the top projects of the year at the UDIA Boral Awards for Excellence.

Queensland’s entire development industry was on display with projects from around the state taking out top honours. SSKB’s Strata Developer would very much like to congratulate all the winners and finalists for their outstanding achievements.

ONE ONE ONE Eagle StreetQLD State President’s Award winner: ONE ONE ONE Eagle Street, The GPT Group. 

To view the rest of the winners please click here.

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Choosing a Titling Structure to match your Development Time Frames

One of the key factors driving titling structures in today’s market is the time frame when a stage registers and the reflective period in the Strata Scheme yearly cycle.

Schemes that are titled under a Building Management Statement (BMS) have capital implications if the schemes are developed over long periods. Products coming on line are required to incorporate the capital implications from the BMS which has direct increases to purchasers outgoing levies.

Choosing a Titling Structure to match your Development Timeframes

 

 

 

 

 

 

 

Considering the time frame for your project and alternate structures such as layered strata title schemes may alleviate these challenges to allow capital to be specific to the sub scheme in which it is registered. The capital would not affect future sub schemes, they in turn would be responsible for their capital specific to their buildings only. The effect is similar to resetting the capital clock!

Our Developer Consulting Team identifies these challenges to your site and assists to develop strategies in the titling structure to suit the proposed delivery of a site over time.

If you have any questions, please phone 07 55042013 or click here to email us

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QLD Lot Entitlements Amendment Bill 2012

Attorney-General Jarrod Bleijie announced on Friday the introduction of the Body Corporate and Community Management and Other Legislation Amendment Bill 2012. This amendment removes the controversial reversion process introduced by the former Labor Government.

Click here to view the details. 

Posted in Government Reform | Leave a comment

Let’s talk GLOBAL – UDIA Lunch

ATTENTION SOUTH EAST QUEENSLANDER’SUDIA GC Logan

Saul Eslake, an Australian economist made famous after working as the chief economist at the ANZ Bank will present at an industry luncheon on Wednesday September 12th. Saul Eslake is now the chief economist in Australia for a global organisation – Bank of America-Merrill Lynch.

Find out where Australia fits in the big global picture: employment, mortgages, commodities, urbanisation and much more.

Click the following link to register for the Saul Eslake Lunch

Follow the instructions on the form to submit your RSVP. We look forward to seeing you there!

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Australian Housing Market Update

July capital city home values increase for the second consecutive month.

Dwelling values across capital cities recorded a second month of capital gains in July with dwelling values up by 0.6% over the month following a 1.0% rise in June.

The RP Data-Rismark Home Value indices posted a second successive rise in capital city dwelling values over the month of July. Across the combined capital cities, dwelling values rose by 0.6 per cent over the month with the rises being relatively consistently over the first three weeks of July followed by a -0.2 per cent fall over the final week of the month.

To read the full discussion click here.

Posted in Financial, Market Analysis | Leave a comment