Reid Developments Pty Ltd

05/04/2026

5th April 2026 - Planning News Update

What are 🚇 Suburban Rail Loop (SRL) Precincts and what does that mean for you???

Suburban Rail Loop (SRL) and its key Activity Centres — are Melbourne’s Next Development Hotspots!!

👉 These are Melbourne’s most aggressively upzoned development areas

📍 Key SRL East Centres (first rollout)

Cheltenham
Clayton (Monash Uni / hospital super-precinct)
Monash
Glen Waverley
Burwood
Box Hill ⭐ (largest and most advanced)

👉 These locations are seeing the strongest planning changes first

🧠 What being in the “pink zone” actually means

It represents:

🏗️ Government-controlled planning

Planning is shifting:
➡️ Away from local councils
➡️ Toward State Government control

Delivered through:

- SRL Precinct Structure Plans (PSPs)
- Activity Centre Zone reforms
- Development Facilitation Program (DFP)

👉 Less council friction. Faster, top-down approvals.

📏 What can be built (this is the real opportunity)

Within approx. 400m–800m of each station:

0–200m from station

- High-rise apartments (10–20+ storeys)
- Mixed-use developments

200–400m

- Mid-rise apartments (6–10 storeys)

400–800m

- Townhouses / low-rise apartments
- Dual occupancy

💰 Why this matters

Many of these areas today are:

- 1–2 storey homes
- Low-density commercial

👉 But zoning is shifting to allow significantly higher density

This creates massive embedded land value uplift

The SRL “pink zones” are:
✔️ Government-backed growth corridors
✔️ High-density, transport-led precincts
✔️ Some of the best development opportunities in Melbourne right now

But the key isn’t just the location…
👉 It’s understanding what your site can become.

Have a property in one of these locations?
DM to understand what this may mean for you!

27/11/2024

27th Nov 2024 - BREAKING PROPERTY NEWS!!

The Federal Government's "HELP to BUY" bill, which targets low- and middle-income earners trying to get onto the property ladder, has been PASSED into law by parliament TODAY.

The Government will give buyers taking part in the scheme an "Equity contribution" of up to 40 per cent of the cost of a new home or 30 per cent of existing homes!!

This is expected to have a huge impact on buyers ability to purchase a home and likely stimulate the market.

The question is, will our housing supply
meet the demand, with many people now being in a position to buy?

Some first home buyers could find their way into the market sooner under a new federal government scheme. Here's what to know.

12/02/2024

Aussie Town of the Year 2024 WINNER is Bendigo VIC

Well deserved!
Bendigo is a great place to live or visit. 💕

https://www.facebook.com/share/rijtXRtHrXsp9JMF/?mibextid=I6gGtw

This is really special - Bendigo has been named as the Wotif.com Aussie Town of the Year for 2024 🥰

It's always a pleasure to welcome visitors! Thank you to everyone who plays a part in creating amazing experiences in our beautiful city and region 😊

Congratulations also to the other finalists - Coober Pedy (SA), Exmouth (WA), Stanley (TAS), Griffith (NSW), Tanunda (SA), Bathurst (NSW), Katherine (NT), Stanthorpe (QLD) and Broken Hill (NSW) 👏

https://www.wotif.com/vc/blog/australia/aussie-town-of-year-2024

07/02/2024

Property News Update: 7th Feb 2024

Changes in QLD for Renters include:
- Rental Bidding Banned.
- Bond Transfer (no need to get old bond back to transfer to new rental)
- 48-hour entry notice for Tenant
- Creating frameworks to allow both parties (tenant and landlord) to agree on modification installations on properties

Modelling by Construction Skills Queensland suggested an extra 18,000 tradespeople a year needed to meet long-term housing and infrastructure targets.

Master Builders Association chief executive Paul Bidwell said with the current settings in place and a shortage of skilled workers, he could not see how the government would deliver the target.

Mr Bidwell also stated "cutting red tape in the industry and amending planning schemes to streamline processes for builders and developers, as well as reducing unnecessary costs, was needed in order to deliver the additional social housing stock"

https://www.abc.net.au/news/2024-02-05/qld-housing-crisis-rent-bond-property-construction-builder/103425514

The Queensland government has made several announcements in a bid to address growing concerns around housing affordability and supply. Here's a breakdown of some of the key changes in the works.

18/01/2024

Property News - 18th January 2024

Victorian property investors will get a surprise in the mail shortly as they are hit with new land tax surcharges which will further their costs to hold their investment properties.

Add this to their increased burden of mortgage repayments which have been hit with a huge increase interest rates over the last year and the pressure is put on landlords.

Either the landlord increases their rent to cover this additional charge (NOT GOOD NEWS FOR RENTERS) or it pushes more landlords who are already struggling to find the extra $$ needed to cover their increased mortgage repayments, to sell their investment properties, further reducing supply of rental properties on the market.

The supposed benefit that the Victorian State Government is expecting from this tax, will be offset by the cost of now needing to create more affordable housing.

As far as I can see, this tax will only resort in REDUCED housing supply, and put further burden on our existing HOUSING CRISIS.
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Land Tax in Victoria has added a surcharge to be paid ON TOP of your regular Land Tax bill.

"From the 2024 land tax year, there has been a (temporary) change to land tax rates and thresholds, for taxable landholdings:
- Between $50,000 and $100,000, a $500 flat surcharge will apply.
- Between $100,000 and $300,000 (or $250,000 for trusts), a $975 flat surcharge will apply.
- Over $300,000 (or $250,000 for trusts), a $975 flat surcharge will apply plus an increased rate of land tax by 0.10 percentage points.

This is part of the 2023-24 State Budget, COVID Debt Repayment Plan for Victoria.

https://www.sro.vic.gov.au/land-tax/covid-debt-repayment-plan

01/01/2024

Property News - 2nd January 2024

"CoreLogic’s Tim Lawless expects rents to grow at an above-average pace in 2024, given population demand will continue to outpace supply.

However, affordability limits will likely see Australians continue to move into share housing to ameliorate the pressures."

CoreLogic’s December housing market report showed that rental growth nationally decelerated to 8.3% in 2023, down slightly from the 9.5% rise recorded in 2022: As shown above, rental growth nationally was driven by the five major capital city markets, while unit rental growth (10.2%) outpaced hous...

15/12/2023

Planning News -16th December 2024

The VIC Secondary Dwelling/ Granny Flat legislation is in.

No Planning Permit approval required - even where Heritage or Neighbour Character Overlays exist!

Another interesting note is that you CAN put up to a 60m2 secondary Dwelling on a 300m2 site but the whole site still needs to have 25% Garden Space.

21/08/2023

Very interesting results!
94% of people polled would rather pay Stamp Duty than the Annual Property Tax.

18/08/2023

"Australian Solicitors' Conduct Rules state that where an actual conflict of duty arises, solicitors "may only continue to act for one of the clients … provided that the duty of confidentiality to other client(s) is not put at risk and the parties have given informed consent"."

https://www.abc.net.au/news/2023-08-18/real-estate-buyers-sellers-warned-against-using-same-law-firm/102539644?utm_source=newsshowcase&utm_medium=discover&utm_campaign=CCwqFwgwKg4IACoGCAow3vI9MPeaCDDqnL8CMN-96wI&utm_content=bullets

It's legal for one law firm to represent both sides of a real estate transaction but legal experts warn it can make navigating conflict difficult.

08/12/2022

Property Update 9th December 2022

Continued growth in Regional Victoria, and expected growth prior to the Commonwealth games, including increased rental growth and demand due to infrastructure improvement for hosting of the games.

For several years now, regional markets have been out-performing capital city markets on buyer demand and price growth.According to the data from many differ...

05/10/2022

It is time something is done to speed affordable housing through council.

The time frames are not fast enough to meet the demand and people are left without housing.

Great to see some media airtime exposing this issue.

30/09/2022

Property Update 3oth Sept 2022

Great news for QLD property investors, the changes to QLD land tax have been scraped...

AFR.."Ms Palaszczuk said the land tax change required the “goodwill of other states” to work.

NSW Liberal Premier Dominic Perrottet had said the state would refuse to cooperate with Queensland’s request to hand over property data, while other Labor states, including Victoria, were lukewarm in their response."
."a spokesman for Mr Dick confirmed the land tax changes had been dumped."
https://www.afr.com/politics/palaszczuk-scraps-controversial-qld-land-tax-change-20220930-p5bm82

Queensland Premier Annastacia Palaszczuk has stepped in and scrapped the state’s new controversial multi-jurisdictional land tax, which was designed to slug investors for owning properties interstate.