Tax and legal advice

Biggest shake up to SA planning laws in 20 years

By Reporter

South Australia’s 20 year-old planning legislation has been called for review by the state’s planning minister John Rau, with the aim to transform Adelaide into “one of the world’s great small cities.”

Mr Rau said the review of the current planning laws will be led by an independent expert panel, and the future focus of the development laws would shift from urban sprawl to city infill.

"Put simply, what we have now requires an update because it focuses the planning system on urban sprawl rather than the urban renewal we know is integral to the future of South Australia," Mr Rau said.

"Over the next 12 months, the panel will listen to all interested parties, especially the community, and then discuss what a new system can deliver.

"I am also personally committed to working with members of parliament to involve them in this process."

Meanwhile, in a recent interview with ABC’s Ian Henschke, John Rau said that the government plans to focus on the Adelaide CBD and the inner rim of the city for medium density development.

“The problem is a lot of people have been using the terminology ‘high rise’ and that evokes Manhattan, or something of that nature, in the mind of a lot of people. That’s not what we’re talking about,” Mr Rau said.” What we’re talking about is something more like Berlin or Stockholm, that’s the sort of scale which I call median density.”

Developers said the red tape in the current planning laws is slowing down the process of building, and needs to be streamlined. 

According to Martin Bregozzo, senior property manager and property economist at BIS Shrapnel, cutting the red tape in construction would reduce the cost of building.

"Anything that reduces that time element in the development equation is a step in the right direction because it ultimately works out to lower costs," Mr Bregozzo said.

The panel of five experts with backgrounds in development law and construction will report to the state government by December next year, but may provide interim advice on targeted legislative reforms. 

“This is a once in a generation opportunity and the panel will be probing, they may offer substantive changes and could even reframe what we mean by planning,” Mr Rau said.

“It will, however, be a practical process that focuses on helping government, councils and most importantly, the people of South Australia with good planning outcomes for years to come.”

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Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocharge your portfolio, maximise returns and make your overall investment experience seamless and stress-free!

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To hear more about these services, make sure to tune into this episode of Property Showcase!

 Make sure you never miss an episode by subscribing to us now on iTunes!

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Many investors who would have been successfully approved for finance last year are struggling now to either begin or continue their property investment journey because of the current financial climate.

In this episode of the Smart Property Investment Show, broker John Manciamelli and Momentum Media director Alex Whitlock joins host Tim Neary to discuss how APRA changes and the royal commission have resulted in a tighter lending economy and what that means for Australian investors.

They discuss what traps investors should avoid if they are trying to obtain finance, the four key growth drivers in a property market and unpacking trust structures while revealing one type of trust that you should miss.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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When buying property, it’s important to focus on what’s important. Investor Katarina Taurian shares just what exactly is important to her: having the mindset of looking past superficial cosmetic matters and homing in on the structural suitability and potential of a property.

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In this episode of the Smart Property Investment Show, Katarina joins host Tim Neary to unpack her entry into the property market and experiences of rentvesting, and how the Smart Property Investment Show was vital  in a number of decisions which she made along the way.

Katarina discusses about the team that she had help her along the way, why she thinks that you should never skimp on a good solicitor and accountant, and the red flags which tell her why buying a new property doesn’t necessarily mean buying a better property.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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The different reasons to start rentvesting

 

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Why buying new property doesn’t mean buying better property

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