Columns
10 years on Image

10 years on

Melbourne Water moving to Docklands
Read more >>

Away from the desk Image

Away from the desk

The little bent tree
Read more >>

Chamber update Image

Chamber update

COVID-19 and the Chamber’s response
Read more >>

Docklander Image

Docklander

Empowering women locally and abroad
Read more >>

Docklands Secrets Image

Docklands Secrets

Conflicting speeds
Read more >>

Chinese

零工经济的灰色区域
Read more >>

Fashion Image

Fashion

Top five street style trends
Read more >>

Health and Wellbeing Image

Health and Wellbeing

Five strategies to get through coronavirus (COVID-19)
Read more >>

Letters Image

Letters

Bring on the lasers
Read more >>

Business Image

Business

New offerings at The District Docklands Market Lane
Read more >>

Owners Corporation Law Image

Owners Corporation Law

Social distancing in apartment blocks is hard to do, but necessary right now
Read more >>

Maritime

Maritime matters
Read more >>

Pets Corner Image

Pets Corner

Adorable therapy
Read more >>

Precinct Perspectives

A new perspective from Batman’s Hill
Read more >>

SkyPad Living Image

SkyPad Living

A chair’s perspective of vertical living in COVID-19 times
Read more >>

Street Art Image

Street Art

Goodbye from Blender Studios
Read more >>

Sustainability

Sustainability in a pandemic world
Read more >>

The District

Eat your way through our most delicious hot spots
Read more >>

We Live Here Image

We Live Here

We need a clear cladding policy – now!
Read more >>

Abby's Angle  Image

Abby's Angle

Slow down. The panic is coursing through all our veins
Read more >>

Yarra’s Edge class action

05 Dec 2017

Yarra’s Edge class action Image

Yarra’s Edge is launching a class action seeking potentially $300 million compensation for diminished property values caused by the proposed tram bridge to Fishermans Bend.

Yarra’s Edge Class Action Committee (YCAC) spokesperson Catherine Dawson said the action would be launched early in 2018 and represented property owners, businesses, Marina YE and tenants of the marina.

She said the group was in final negotiations with Australia’s three largest class action legal firms. The chosen firm would act on a “no win, no fee” basis.

“There’s certainly no issue with the lawyers wanting to represent us,” Ms Dawson said.

She said that 1500 apartments would each devalue by between $50,000 and $100,000. The loss of the marina and associated amenity would also need to be calculated.

“The bridge proposal is still in a draft form, but values have already been affected,” she said. “Outside of bushfires, there is no doubt this will be one of the biggest class actions ever brought in Victoria.”

She said the action was being launched on an “opt out” basis. All affected individuals and businesses are represented unless they choose not to be.

Ms Dawson said committee members had accepted that the bridge could not be stopped and all that remained was to seek adequate compensation.

“We have no other option,” she said. “The so-called consultation is just a box-ticking exercise.”

Ms Dawson encouraged owners and business in the rest of Docklands to consider forming a closely-aligned Victoria Harbour Class Action Committee (VCAC) if a freight or pedestrian/cyclist bridge was built across the mouth of the harbour at a level lower than the Bolte Bridge.

“I’d be very happy to receive emails from affected people in the rest of Docklands,” she said.

Ms Dawson is a Yarra’s Edge resident and marina berth tenant and is acting in a voluntary capacity.

In her day job, she works for a Collins St finance company, which specialises in property valuation on behalf of class action lawyers. She can be contacted on (JavaScript must be enabled to view this email address)

Share on Facebook

Stay in touch with Docklands. Subscribe to FREE monthly e-Newspaper.

You must be registered with Docklands News to be able to post comments.
To register, please click here.