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Climate change: Gas phase-out proposed to help Victoria meet new climate targets


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Gas appliances including heaters, hot water services and cooktops would be phased out under a proposed moratorium on new gas connections to Victorian households to help the state achieve its 2030 target to cut carbon emissions by up to 50 per cent.
The City of Yarra is the first council to pledge to switch its buildings, including pools and community centres, from gas to renewable electricity by 2030 and wants the state government to back a ban on gas connections in new homes.
Victoria is the highest user of gas in the country.
Credit:John Woudstra
Victorians are the nation’s biggest users of natural gas for heating, hot water and cooking due to the state’s historically cheap and plentiful supply piped in from Bass Strait since the 1970s. ....

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Victorian Government planning review to determine growth boundary in booming Surf Coast


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A large parcel of land beside the booming growth area of Torquay has become the latest flashpoint in a contentious planning review considering whether to allow development on the untouched site.
Public hearings will soon begin into proposed wide-ranging planning controls that will determine the future of parts of the Surf Coast and Greater Geelong.
Residents of Torquay fear the Spring Creek area may be developed as the state government considers planning controls in the region.
Credit:Jason South
But a proposal to allow development in the 245-hectare stretch of land known as Spring Creek has drawn the ire of residents who are demanding the region be protected from overdevelopment. ....

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Bank of China cashes out from legal precinct


Bank of China cashes out from legal precinct
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The first CBD deal for 2021 is out of the box with the Bank of China-owned building at 270 Queen Street understood to have sold for around $15 million.
Records show Regis Capital Partners, which also has a Singapore branch, slapped a caveat on the title on January 21.
The Bank of China has sold its building on Queen Street.
Credit:
The owners of the locally based arm of Regis are developer Tony Brady and property bankers James Pellicano and Kelvin Cheong.
CBRE agents Nathan Mufale, Alex Brierley, David Minty and Jing Jun Hen had the listing back in August but declined to comment. ....

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