By Robert Carry
Melbourne councils have blocked a second major residential project in the city's middle-ring suburbs, it has been revealed.
According to the Australian Financial Review, Stonnington City Council refused an application by developer Stockland to build a 35-storey apartment building in part of South Yarra designated as a principal activity zone. The council's decision was then upheld by the Victorian Civil and Administrative Tribunal (VCAT).
Stonnington mayor Claude Ullin criticised the VCAT saying they come up with some "very surprising decisions". He added, "It often depends which [VCAT] member you get... We're always puzzled about how VCAT works." A review of the body is currently underway and a report is due by year-end.
Meanwhile, development company Hamton's proposed building of a 520-unit Circa project has stalled after Moreland City Council challenged the plans.
The group is understood to be seeking ministerial assistance in a bid to secure a green light for the development in the north of the city.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out