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CBD News Edition 52 – April 2019

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CBD News Edition 52 – April 2019 FOR THE MONTH OF APRIL, 2019 ISSUE 52 WWW.CBDNEWS.COM.AU 见 29 页 FREE BACKLASH ON GIANT PAY PHONES DRAMA OVER "FEARLESS GIRL" POUNDING THE GRID WARM WELCOME FOR STUDENTS - page 3 - - page 4 - - page 7 - - page 11 - Vigil for Christchurch New Zealanders sang an impromptu waiata on the steps of the State Library on March 18 to mourn the victims of the shooting in Christchurch. Sarah Daley, one of the singers pictured left (centre, second row), has been living in Melbourne for seven years. “We were called up and just joined in,” she said. The New Zealanders were among an estimated 800 people who attended a vigil organised by the Islamic Council of Victoria. Leaders of seven religions spoke and led prayers but it was the New Zealanders who brought tears to the eyes of the crowd. Heritage owners exploit tax loophole By Meg Hill decision dropping its value to just $1 and it might mean fewer buildings were given Cr Leppert said the current situation was a setting a precedent for others. The mammoth heritage status in the future. burden on local councils. CBD building was previous valued at $29 “The owners of the Argus, Leviathan, A growing number of CBD million. “Heritage does have value and economic value, so it’s bizarre to see that discounted Batmans Hill Hotel and others, just like the buildings have had their The Age reported that the Block Arcade is completely,” he said. GPO, have all previously lodged planning official values slashed as also now officially valued at just $1. The applications to demolish their buildings Cohen family in 2014 bought the arcade for “I’m sure the state government would have knowing that council would be obliged to a result of a heritage land $80 million. difficulty putting something on a heritage list refuse them, but in doing so would trigger valuation loop hole, saving With landlords now lining up for similar if that would affect their land tax. It would that part of the Valuation of Land Act valuations, the state government has put bizarre priorities on government.” that requires the value of the land to be owners hundreds of thousands determined in a particular way.” expressed concern about the loss of land City of Melbourne heritage chair, Cr Rohan “This is a bureaucratic merry-go-round and of dollars in land tax. tax revenue and has signalled it will move to Leppert, said: “Clearly the Valuation of Land it’s a waste of everyone’s time. I’m sure the close the loophole. Act [1960 s2(8)] is deficient and should be Treasurer will be looking to fix this loophole The General Post Office (GPO) building Melbourne Heritage Action president Tristan amended to avoid situations where some so that all land owners pay their fair share.” was the first to be decided, with a Victorian Davies called the decision “bizarre” and owners can have their land valued at a Civil and Administrative Tribunal (VCAT) flagged that if the loophole was not closed, nominal amount.” Continued on page 7. 2 CBD NEWS ISSUE 52 “Watch this space” on panel By Shane Scanlan Lord Mayor Sally Capp’s heavily-spruiked residents’ panel is suffering a long and protracted labour Suite 108, 198 Harbour Esplanade PO Box 23008 Docklands 8012 and, if born, may resemble an entirely different child. Tel: 8689 7980 www.cbdnews.com.au First revealed at the Soutbank Residents’ Melbourne and was progressing. chair Nicholas Reece who said he’d held Advertising Associaton’s (SRA) annual general meeting discussions with council officers that very She said the idea was first raised at a “meet Tel: 8689 7980 (AGM) last July and talked up to Residents day. the candidates” forum in the lead-up to the [email protected] 3000 last September, the panel concept May 2018 lord mayoral by-election. “You’ll be pleased to know that I was in a hasn’t really progressed. Reader contributions are welcome. meeting with some of the best officers of the Please send articles and images to The idea itself, however, appears to “It would be a way in which we could City of Melbourne here today to work on this [email protected] have become more narrowly focussed, have residents more involved in planning very idea. So, all I can say is keep the faith with a singular interest in planning and decisions, but really, more pre-application and watch this space,” he said. The deadline for the May 2019 edition is development. discussions with the council and, hopefully, Wednesday, April 17. also with developers if we can get them The Lord Mayor elaborated: “The concept is Cr Capp told the SRA on July 18 the panel something that is being explored and there Follow us on Twitter involved,” Cr Capp said. would provide a vehicle for community are a number of elements to it.” @CBD_News_3000 representatives across the city to formally “So, since I’ve been in [council], we’ve “There’s a process underway in terms of Like us on Facebook present and manage local issues with started those discussions. I’ve had a more understanding how we can streamline cbdnewsmelbourne councillors and council management. detailed submission on how it could work. And there have been a number of planning applications and, as we go Publisher: Hyperlocal News Pty Ltd “If implemented, [such] a panel could help discussions with other councils and a lot of into that, we’re also looking at what ABN: 57 623 558 725 us understand what residents care about discussions internally.” communications we can do with residents how we as a council can work to make on the other side as well, just to make sure Editor: Shane Scanlan Southbank a better place for people to “We are currently working through what that everyone is feeling very informed and [email protected] live, work and visit,” the Lord Mayor told a residents’ panel might look like, what its involved in the process.” 20,000 copies are printed and Southbank Local News. terms of reference might be, and the sorts of Cr Reece said: “Citizens' panels are another distributed exclusively within issues which that group would consider.” “Over the coming weeks I’ll be continuing way of engaging residents in the review of Melbourne's CBD each month. CBD to talk with City of Melbourne officers about “And I hope to come back to you before the planning applications and development News works for advertisers because the details, including who will be on the end of the year with some draft ideas on how ideas for a city." people like to know what is happening panel and its focus, and I’ll keep residents a residents’ panel might work.” in their neighbourhood. "It’s something that the Lord Mayor asked informed of the details as they emerge.” Views expressed by contributors are not Asked by CBD News at the March 19 Future me to investigate. It just so happened that those of the publishers. On September 6 she told Residents 3000’s Melbourne Committee meeting for a I was talking with officers of the City of AGM the idea had support within the City of progress report, Cr Capp threw to planning Melbourne about the idea today.” 7 Common Property Investor Mistakes Buying and maintaining a productive investment 5. Misinterpreting the market: Many inexperienced property investors property is not as easy as you might think. Many fail to ask the most essential question of all – is this property an appealing rental prospect? Do some research into the local area and find out what investors make mistakes which can be problematic in types of properties are in demand for tenants, and what types of tenants the long term. Here are some common mistakes you will attract. inexperienced investors do make. 6. Lack of delegation: You might think a DIY approach to property management will save you money, but remember your time is valuable 1. Emotional investment: When you are choosing an investment property, as well. Consider all the jobs a property manager handles – finding new there is no such thing as “love at first sight.” If you make an emotional tenants, conducting regular inspections, collecting rent, and managing investment before you have done your research into the location and the any emergency maintenance issues. A property manager also deals with rental potential, you are at risk of making an extremely expensive mistake any legal issues relating to the rental property and by over-capitalising. will represent you at a tribunal if necessary. 2. Lack of planning: Any long term investment strategy requires specific 7. Cheaper is not always better: When goals and a realistic strategy in order to be successful. Without a clear plan, choosing your property manager do not you will not have any sense of direction, and this could leave you struggling shop them on price. Choose your property to maintain your financial commitments and missing profitable opportunities. manager on capability to do the job and deliver satisfactory management services to 3. Get rich quick attitude: If you are looking for a quick turn-around or a you. Often the different in a percentage of fast profit, the real estate is not the investment strategy for you. Shares and management fees may only equate to a few other asset classes can have an unpredictable value, property is a long term more dollars per week for a superior service. investment. Real estate is a long term investment because it takes time for a property to increase in value. Contact us today if you 4.
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