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Four significant trees will be felled to make way for a mansion on one of Toorak s most exclusive streets because they clash with the design for a new family home and gardens.
Stonnington councillors on Monday vetoed a recommendation to protect the trees, despite officers concerns about more than 1000 established trees being cut down on private land every year.
Four significant trees will be bulldozed on this St George s Rd Toorak property against the advice of the Stonnington Council officers.
Credit:Penny Stephens
The mansion, tennis court and swimming pool at 18 St Georges Road sold for $38 million in 2018 but was pulled down after a fire and vandalism at the vacant property.
Australia Launches Campaign to Stop Breaches in Foreign Real Estate Investment
In a move to enhance regulation of foreign investment, the federal government has launched a new campaign urging Australians to dob in foreign residential property purchasers via a dedicated platform run by the Australia Tax Office (ATO).
Treasurer Josh Frydenberg is hoping that the Tip OFF campaign will encourage people to report suspicious purchases or ownerships noting that this is part of upgraded efforts to safeguard Australian’s interest in the residential real estate sector.
“Stronger and more flexible enforcement options will ensure that our foreign investment regime can respond to emerging risks and global developments,” Frydenberg said in a statement on Dec 21.
Australians are being urged to dob in rich foreigners illegally buying residential properties.
Treasurer Josh Frydenberg has announced a new Tip Off campaign to crack down on non-citizens and non-residents from getting around foreign investment laws and snapping up houses, pricing out ordinary Australians from owning their own homes. While the majority of foreign investors act in good faith in complying with the law, Australians expect their government to maintain a high standard of enforcement in order to safeguard Australia’s national interest, businesses and the economy, he said.
Australians are being urged to dob in foreigners illegally buying residential properties under a new compliance scheme designed to stop houses becoming too expensive. Pictured is Sydney s Chinatown
Why the Charter Hall (ASX:CHC) share price could be one to watch today
James Mickleboro | December 22, 2020 8:34am |
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Charter Hall Group(ASX: CHC) share price will be on watch on Tuesday after the release of an announcement.
What did Charter Hall announce?
This morning Charter Hall announced that a consortia of Charter Hall managed funds and partnerships has exchanged contracts to purchase the David Jones flagship Elizabeth Street store in Sydney.
According to the release, the parties have agreed a purchase price of $510 million.
The iconic Sydney central business district (CBD) property comprises 12 levels on a strategic 3,530sqm prime CBD retail site, prominently located overlooking Hyde Park with views to Sydney Harbour.