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K ids I n P arents’ P ockets E roding R etirement S avings

Date post: 25-Feb-2016
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K ids I n P arents’ P ockets E roding R etirement S avings. B uild A bsolutely N othing A nywhere N ear A nything. Introduction. BANANA republic? NSW – yes Victoria – n ot really, but let’s keep it that way R emember airport land? The sky didn’t fall in and it won’t again. - PowerPoint PPT Presentation
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Page 1: K ids I n P arents’ P ockets E roding R etirement S avings
Page 2: K ids I n P arents’ P ockets E roding R etirement S avings

2

• Kids• In• Parents’• Pockets• Eroding• Retirement• Savings

Page 3: K ids I n P arents’ P ockets E roding R etirement S avings

3

• Build• Absolutely• Nothing• Anywhere• Near• Anything

Page 4: K ids I n P arents’ P ockets E roding R etirement S avings

Introduction

4

• BANANA republic?• NSW – yes• Victoria – not really, but let’s keep it that way• Remember airport land?• The sky didn’t fall in and it won’t again

Page 5: K ids I n P arents’ P ockets E roding R etirement S avings

Productivity Commission

5

• Performance Benchmarking of Australian Business Regulation: Planning, Zoning & Development Assessments (16 May 2011)

• “Competition restrictions in retail markets are evident in all states and territories. They arise:– From excessive and complex zoning;– Through taking inappropriate account of impacts on established

businesses when considering new competitor proposals; and – By enabling incumbent objectors to delay the operations of new

developments.”• “Leading practices to improve planning, zoning and assessment

include … broad and simple land use controls to: reduce red tape, enhance competition, help free up urban land for a range of uses and give a greater role to the market in determining what these uses should be [my emphasis added]

Page 6: K ids I n P arents’ P ockets E roding R etirement S avings

The key retail changes

6• Not an exhaustive list

Current Proposed

Zone Smkt Restricted retail

Shop (excl prev)

Zone Smkt Restricted retail

Shop (excl prev)

B1 Capped Capped Capped

C1 UncappedNo permit

UncappedNo permit

UncappedNo permit

B2 CappedPermit

CappedPermit

CappedPermit

B5 Prohibited Prohibited Only conv shop (permit)

B3 Prohibited Permit Only conv shop (permit)

C2

<=2,000 sqm no permit

>2,000 sqm permit

No permit

<=500 sqm no permit on same land or adjoining smkt

Otherwise permit

B4 Prohibited Permit Only conv shop (permit)

IN3 Prohibited Permit Only conv shop (permit) IN3 <=2,000 sqm

no permitNo permit <=500 sqm no

permit on same land or adjoining smkt

Page 7: K ids I n P arents’ P ockets E roding R etirement S avings

Other changes

7

• Shop floorspace uncapped in MUZ, with permit only required >150 sqm

• Office floorspace unrestricted in C1Z and C2Z and can be capped rather than <500 sqm in all INZ

• Remove permit requirement for accommodation in C1Z and allow a permit to be sought in C2Z (except for dwelling)

• Remove permit requirements in C2Z for:– Cinema and cinema-based entertainment facility

– Food & drink

– Trade supplies

Page 8: K ids I n P arents’ P ockets E roding R etirement S avings

What could happen?

8

• Increased density and better mix in C1Z• More diversity in C2Z – currently often one-dimensional• Better amenity in IN3Z• Facilitate rollout of new retail formats• Allow for introduction of supermarkets and other retail facilities

into poorly serviced areas• Promote competition• Two words – MARKET FLEXIBILITY

Page 9: K ids I n P arents’ P ockets E roding R etirement S avings

Example 1

9

• 1,900 sqm former Retravision with 40 car spaces in B2Z with zero shop floorspace limit – restricted retail only option

• Shop will now be allowed – flexibility in the heart of a CAD

B2Z

B2ZB1Z

B1Z

79-83 Maroondah Highway

Page 10: K ids I n P arents’ P ockets E roding R etirement S avings

Example 2

10

• Some parts of Melbourne are poorly provided with Coles floorspace

• B2 zones may provide opportunities for new stores

• Site depth and parking will be issues

Accessibility to Coles supermarket floorspaceLighter areas = poor accessibilityBlack = B2 zones

Moorabbin

Gardenvale

HartwellBurwood

Surrey Hills

BalwynKew

Page 11: K ids I n P arents’ P ockets E roding R etirement S avings

Thank you!

Justin GanlyManaging DirectorDeep End Services03 8825 [email protected]


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