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

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.

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

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

  2. Build • Absolutely • Nothing • Anywhere • Near • Anything

  3. Introduction • 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

  4. Productivity Commission • 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 marketin determining what these uses should be [my emphasis added]

  5. The key retail changes • Not an exhaustive list

  6. Other changes • 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

  7. What could happen? • 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

  8. Example 1 • 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 79-83 Maroondah Highway B1Z B1Z B2Z

  9. Example 2 • 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 Kew Balwyn Surrey Hills Burwood Hartwell Gardenvale Accessibility to Coles supermarket floorspace Lighter areas = poor accessibility Black = B2 zones Moorabbin

  10. Thank you! Justin Ganly Managing Director Deep End Services 03 8825 5800 justin.ganly@deependservices.com.au

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