The Property Mill Queensland – 26 February 2015

February, 2015

In the media

Queensland

Chinese coal ship captain arrested for sailing through Great Barrier Reef without pilot

The Australian Federal Police have arrested the captain of a Chinese coal ship for sailing through part of the Great Barrier Reef Marine Park without a pilot (16 February 2015)

To read more, please click here.

Toowoomba council approves $1b solar farm  

Approval has been given for the largest solar farm in the country and possibly the largest proposed in the world to be built in Queensland, with developer Solar Choice receiving approval from Toowoomba Regional Council for a total footprint of up to 2 gigawatts over the next eight years (12 February 2015)

To read more, please click here.

Brisbane CBD and Fringe Office Vacancy increases: renewal needed

The vacancy rate in Brisbane’s CBD office market has climbed to a new record high of 15.6 per cent over the past six months according to the Property Council of Australia’s latest Office Market Report (05 February 2015)

To read more, please click here.

Gold Coast apartment owners fear $2m bill to fix dodgy building work

Apartment owners in a Gold Coast high-rise say shoddy construction work could leave them up to $2 million out of pocket. The situation highlights a recent High Court decision that makes it harder for Queensland unit owners to sue builders for negligence (02 February 2015)

To read more, please click here.

Indooroopilly roundabout: Council defends ‘land banking’ policy

Lord Mayor Graham Quirk and Deputy Mayor Adrian Schrinner defended the land purchase, saying paying for the site now would save ratepayers in the long-term. They argued “land banking” the property would be cheaper than acquiring it from owners who had built on the site (02 February 2015)

To read more, please click here.

Published – articles, papers, reports

ABS Residential property price indexes: eight capital cities Dec 2014

Australian Bureau of Statistics: 10 February 2015
Provides estimates of changes in residential property prices in each of the eight capital cities of Australia and related statistics (10 February 2015)

To read about residential property price indexes, please click here.

NAB Quarterly Australian Commercial Property Survey – Q4, 2014

Sentiment in commercial property markets softened in Q4 after September’s promising gains. Retail sentiment (and to a lesser extent industrial) buck the trend, offset by falls in CBD hotels and office (11 February 2015)

To read more, please click here.

To investigate planning policies that deliver positive social outcomes in hyper-dense, high-rise residential environments

Winston Churchill Memorial Trust of Australia, Leanne Hodyl
Construction of skyscrapers in central Melbourne should be supported because a big jump in CBD population has many benefits for residents including easy access to jobs, shops and entertainment, according to this report (04 February 2015)

To read more, please click here.

In practice and courts

Reef Trust Tender – Wet Tropics – Competitive Tender now open

The Competitive Tender is now open to those farmers who submitted an Expression of Interest. Registered sugar cane farmers who choose to participate further must submit a Tender Application by 19 February 2015. Successful Applicants will enter into Grant Contracts with Terrain NRM commencing April 2015.

To read more, please click here.

Cases

General Trade Industries Pty Ltd v AGL Energy Limited [2014] QSC 319 [released 12/02/15]
GUARANTEE AND INDEMNITY – DISCHARGE OF SURETY – DISCHARGE OF SURETY BY AGREEMENT – whether deed of release gave rise to a present entitlement to the return of two guarantees provided by the applicant to the respondent under a construction contract

To read more, please click here.

Contact Mills Oakley

tony-butler

Tony Butler | Partner
T: +61 7 3228 0432
E: tbutler@millsoakley.com.au

 

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