The Property Mill – Victoria – 21 October 2013

October, 2013

In the media

Online auction for multi-million dollar property  

A real estate group will launch its first online auction at the end of this month, in the hope of offering their buyers a more convenient buying experience when entering the market (15 October 2013)

To read more, please click here.

Neighbourhood centres in demand  

Some of Australia’s most powerful retail landlords are looking to invest significant amounts of money in ‘low-risk’ neighbourhood shopping centres that are anchored by supermarkets, according to CBRE (14 October 2013)

To read more, please click here.

GBCA: Australia’s under-performing buildings set for a green makeover  

The Green Building Council of Australia (GBCA) has launched a rating tool which will improve the efficiency and environmental sustainability of Australia’s existing buildings after more the two years of industry engagement (10 October 2013)

To read more, please click here.

Boost in commercial property sales  

Investment activity in the Australian commercial property sector is strengthening, with new data from CBRE showing that September quarter 2013 sales were up 51 per cent on the prior corresponding period in 2012 (04 October 2013)

Top read more, please click here.

Office demand returns to positive territory  

After recording a negative result in the second half of 2012, BIS Shrapnel’s underlying demand indicator for the office market has returned to positive territory, with employment cuts easing (04 October 2013)

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Retirement sector needs more transparency  

Leading figures in the retirement property industry say there needs to be more transparency in the sector to attract institutional investment now and in the long term (04 October 2013)

To read more, please click here.

Old office block set to become Australia’s first Green Star Hotel  

A 1970s office block in Canberra’s south has been given a new lease of life, putting it in line to become Australia’s first Green Star hotel (02 October 2013)

To read more, please click here.

A ‘State of Cities’ for Victoria  

Victoria’s growth and liveability potential will be maximised by developing a ‘State of Cities’ as outlined in the Victorian Coalition Government’s new planning blueprint, Plan Melbourne launched today (09 October 2013)

To read more, please click here.

Victorian wind farm cuts another 45 turbines  

A mix of 2km setback laws and the introduction of more powerful three-megawatt-plus turbines’ meant a proposal will require fewer towers and cover less space. The proposed Victorian wind farm initially proposed to have 200 turbines, reduced to 100 (09 October 2013)

To read more, please click here.

In practice and courts

Princes Pier Invitation for Expressions of Interest (EOI)  

The Victorian Government is seeking Expressions of Interest to identify innovative opportunities to activate historic Princes Pier. Please click here to register and download the Invitation for Expressions of Interest document. Submissions close on Thursday 24 October, 2013


Vouzas v Bleake House Pty Ltd [2013] VSC 534   

TRADE PRACTICES – Misleading or deceptive conduct – Representations made by vendor and vendor’s selling agent when selling land – Representations about long term lease to AAA tenant – Conduct comprising written and oral representations, and silence about agreement to sell lease – Importance of clear identification of conduct alleged to be misleading and deceptive – Conduct of defendants not misleading or deceptive or likely to mislead or deceive – No loss caused by conduct – s 52 Trade Practices Act 1974 (Cth).

SALE OF LAND – Whether a conditional transfer of lease is required to be disclosed under s 32(2)(b) of the Sale of Land Act 1962 (Vic) – Disclosure not required by Act – Defence under s 32(7) made out in the alternative.

CONTRACT – Counterclaim for damages caused by breach of contract of sale of land – Whether damages to be measured at time of breach or at a later time – Johnson v Perez [1988] HCA 64; (1988) 166 CLR 351; Wroth v Tyler [1974] Ch 30.

To read more, please click here.

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