High council levies and reams of bureaucratic red tape have crippled housing development in Sydney, an urban planning expert says. A report prepared by BIS Shrapnel for Urban Taskforce predicts Melbourne will grow larger than Sydney because it is building new homes at twice the rate. Urban Taskforce chief executive Aaron Gadiel says NSW government policies have hampered land release and sparked massive increases in development levies.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...