Property crash

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Last updated on July 16th, 2017 at 11:41 am

Nothing like a catchy name to lure investors:

Australia’s largest property developer wants to build a new suburb the size of Shepparton 30 kilometres to the north of Melbourne that would controversially stretch the city’s boundaries.

The scheme, known as Lockerbie

Posted by Tim B. on 09/23/2007 at 11:33 PM
    1. It’s sure to crash!

      Posted by Gibbo on 2007 09 23 at 11:35 PM • permalink


    1. It’ll still outsell Geothermia…

      Posted by anthony_r on 2007 09 23 at 11:40 PM • permalink


    1. Why not call it Pompeii?

      Posted by Penguin on 2007 09 23 at 11:51 PM • permalink


    1. Welcome to Woop Woop

      Posted by Pickles on 2007 09 23 at 11:57 PM • permalink


    1. Heh.:

      On the other, it would require the Government to agree to extend the boundary it introduced to slow urban sprawl as part of its growth strategy, Melbourne 2030.

      I know it makes sense on 1 level, but it is delicious on another.  Our “growth” strategy is to limit growth!  How do they define success?

      Posted by peter m on 2007 09 24 at 12:04 AM • permalink


    1. I don’t recall that the Watergate condominiums in Chicago’s Hyde Park neighborhood ever changed its name, but the sign did get smaller.

      Posted by triticale on 2007 09 24 at 12:05 AM • permalink


    1. Gibbo – not so much crash as bomb.

      Posted by Zoe Brain on 2007 09 24 at 12:10 AM • permalink


    1. Yeah, reminds me of the development down my way (I’m in the Coburg end of Melbourne, in the cities northern suburbs). Pentridge prison, now sold off to private developers, has been renamed PENTRIDGE PIAZZA.

      Pity that, several years after being sold off and redeveloped, it still has the barbed-wire frontage… I can’t imagine why investors would be turned off by that.

      Posted by TimT on 2007 09 24 at 12:17 AM • permalink


    1. #8 No idea Tim, I s’pose the developers just don’t have the right spin on it.

      I’d be selling the property off as being “a safe neighbourhood”.

      Posted by Ash_ on 2007 09 24 at 12:24 AM • permalink


    1. Not very Australian.

      Was Woolloolumulummarattatankagoolie taken?

      Posted by Infidel Tiger on 2007 09 24 at 12:27 AM • permalink


    1. Is it in a flight path?

      Posted by Infidel Tiger on 2007 09 24 at 12:27 AM • permalink


    1. The Age’s prejudices exposed for all to see again. Cities, especially popular, livable ones, expand all the time.  There is nothing ‘controversial’ about an expansion of a city’s limits.

      Unless, of course, you’re an Age journalist (indeed, reader) who despises affordable outer-suburban housing and believes an apartment in Fitzroy near Brunwsick St is the only acceptable lifestyle.  And you can’t bear the thought of living near people with children, cars, and who drink slabs of VB after mowing the lawn. And who read the Herald-Sun.


      Posted by walterplinge on 2007 09 24 at 12:50 AM • permalink


    1. That’d be a short hop from Tullamarine.

      All they have to do now is design a plane that bounces.

      Posted by Razor on 2007 09 24 at 12:53 AM • permalink


    1. Sounds like it could be the new Werribee.

      Posted by Margos Maid on 2007 09 24 at 01:11 AM • permalink


    1. Thank God Pan Am don’t fly any more.

      Posted by Bonmot on 2007 09 24 at 01:13 AM • permalink


    1. #12 walterplinge

      ….. and who buy $1 million penthouses advertised in The Age on Saturdays.

      Or buy BMW’s and Mercs and Lexus’s advertised in The Age every day.

      Or take $30,000 overseas holidays advertised in the Age travel section……

      Do I need go on about The Age and hypocrisy?

      Posted by Bonmot on 2007 09 24 at 01:17 AM • permalink


    1. Don’t be too hard on them Tim, the other choices; Dunblane, Three-Mile Island, Chappaquiddick, Beslan and Aberfan were all poo-poohed by the committee.

      Posted by Nic on 2007 09 24 at 01:20 AM • permalink


    1. Nic – what was wrong with World Trade Centre?

      Posted by Razor on 2007 09 24 at 01:55 AM • permalink


    1. Kalkallo? Is that where they filmed parts of Mad Max?
      OMG, sometimes I remember the most obscure stuff.
      I also found this, search it for Kalkallo.

      Posted by kae on 2007 09 24 at 01:58 AM • permalink


    1. The first link above, search for Mad Max

      Posted by kae on 2007 09 24 at 01:59 AM • permalink


    1. You should see the streets they’re planning there : Hindenburg Road, Challenger Street, Columbia Avenue and Place de la Concorde

      Posted by eeniemeenie on 2007 09 24 at 02:02 AM • permalink


    1. Gaddafi Avenue is the most enviable address.

      Posted by Infidel Tiger on 2007 09 24 at 02:11 AM • permalink


    1. The funniest name is the exclusive island to be built in the lake

      Atlantis Isle

      of course …

      Posted by peter m on 2007 09 24 at 02:13 AM • permalink


    1. #8 Fight amoungst the joint venturers. Father v. his son-in-law so I hear.

      Posted by lingus4 on 2007 09 24 at 03:51 AM • permalink


    1. I grew up in that neck of the woods, and Lockerbie is the name of an old farm property, from well before Colonel Mo had Pan Am 103 blown out of the sky.

      Posted by Young and Free on 2007 09 24 at 07:11 AM • permalink


    1. Lockerbie ….

      “Free luggage with every home purchase!”

      Posted by SSG Pooh on 2007 09 24 at 07:30 AM • permalink


    1. Better than “Swastika Acres”.  It was named that long before WWII made the swastika a symbol of evil.  Back when it was a symbol of good fortune.  Still, they really should think about renaming it….

      Posted by MikeTheLibrarian on 2007 09 24 at 07:31 AM • permalink


    1. Redevelopment for Rottnest Island: Moreau Chateau?
      Soon be schoolies week, the place will be crawling with all sorts of freakish life forms…

      Posted by SwinishCapitalist on 2007 09 24 at 08:23 AM • permalink


    1. *17

      What happened at Three Mile Island….some disaster similar to Lockerbie?

      Keep the myth alive.

      Posted by watty on 2007 09 24 at 09:06 AM • permalink


    1. MikeTheLibrarian we have a town called Swastika in Canada.

      Support diversity.

      Speaking of diversity have they ruled out Hiroshima.

      Posted by hollingshead on 2007 09 24 at 10:10 AM • permalink


  1. Maybe they’re trying to lure the men of no appearance away from the beaches…

    Posted by richard mcenroe on 2007 09 24 at 10:20 AM • permalink