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Gurner Launches $600m 'FV' Development Amid Concerns of an Apartment Oversupply

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After two-and-a-half years of construction, Gurner has officially unveiled the first two towers of its $ 600 million Brisbane development . The launch of FV comes a week after BIS Economics forecast high - rise apartment construction will halve over the next three years. In its residential property forecast 2017 -2020 report, BIS indicated that the resurgence in prices in the current financial year is likely to be short-lived as a looming oversupply of apartments in our major cities will dampen price growth . Gurner rebuffed claims that the local market was oversupplied, “With so much pressure on house prices in Australia, Brisbane provides an incredibly affordable option for first home buyers and owners. Brisbane is 50% more affordable than Melbourne and 60-70% [more affordable] than Sydney – it is now something people just cannot ignore.” Notwithstanding concerns of an oversupply or weakening markets, Gurner has sold all apartments of the FV development , “People have been saying...

What Cities Can Learn From the Victorian Era

The Late Victorian period in the United States—roughly the last third of the 19th century—produced some of the most beautiful neighborhoods in the history of Western civilization . It also produced some of the most hopeless slums. In response to the crisis of industrial cities, the modern discipline of city planning emerged . The tools of this new profession helped clean up many unhealthy aspects of urban industry , but also stifled some of the best innovations of Late Victorian urbanism . By the 1920s, planners in the industrial world had established the legal authority to promulgate land-use regulations, and over the next generation, they succeeded at slowing the construction of slum housing and segregating noxious industries from incompatible activities, such as housing and office space. Through some of the same devices, however, planners curtailed some positive features of 19th- century urbanism , including the rich variety of free- form industrial development and the adaptiv...