ePlanning NSW mandate to accelerate digital transformation

The NSW planning system has a critical role to play to keep the economy moving, to keep people in jobs and to create a robust and liveable State during COVID-19 and beyond. In February 2020 the NSW Government announced that ePlanning would become mandatory as of 1 July 2020 for certain Councils in NSW, including Sydney, the Illawarra and parts of the Hunter region. So what is the eplanning and has this mandate come at a good time?

New Benchmark for Commercial Asset Sales in Wollongong

New Benchmark for Commercial Asset Sales in Wollongong

In what sets a new benchmark for commercial asset sales in Wollongong, a 6,719m2 A-grade office building with a sub 5-year WALE has just sold for $33.3 million, reflecting a 7.25% nett yield and approx. $5,000/m2 of building area. The property, 77 Market Street, was sold by MMJ Commercial (Wollongong) on behalf of Medibank Private Limited.