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<img src="https://counter.theconversation.edu.au/content/68326/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Large transport infrastructure projects, which can cost billions of dollars, are major drivers of the economy, and political flagships.
They have significant impacts on health and wellbeing. Yet our research finds these impacts are not as well considered in the project assessment phase as they should be.
A recent Lancet series is the culmination of knowledge linking transport and health. For example, it recommends reducing reliance on private cars and enhancing opportunities for walking, cycling and public transport use. It argues this will improve health both by reducing air and noise pollution, and by promoting physical activity, community connectedness and better access to goods and services, particularly for the socio-economically disadvantaged.
Each transport project’s environmental assessment thus presents a crucial opportunity within the mandated planning process to consider health. This is also when the wider community can engage with the design of projects. The main output of this process, the environmental impact statement (EIS), is available for public scrutiny and comment prior to final project approval. 
<h2>A health check on assessments</h2>
We recently compared the inclusion of health issues in four major transport project assessments. Three involved motorways (WestConnex M4 East and NorthConnex in New South Wales and the 2010 Darlington Upgrade in South Australia) and the fourth the Sydney CBD and South East Light Rail. We did this by first applying a “health audit” to each EIS, then interviewing a range of stakeholders. 
The road assessments emphasised risks from air quality and noise, concluding these were minimal. Indeed, each project was predicted to improve air quality and, by extension, health. 
When health was assessed, human health risk assessment was the method used, which we judged to be of good quality. The 2010 Darlington upgrade was the only road project not to include health data explicitly in its calculations. 
The light rail EIS referred mainly to the connection of the project to health facilities, with some reference to noise and dust in construction. This statement’s chapter on social impacts, in which health featured strongly, reflects the tone of the recent Lancet report, albeit with less detail. It considered wider health benefits of the project, including better access to health facilities and employment opportunities, improved road safety, opportunities for walking and cycling, better air quality and enhanced social interaction. 
Of the four environmental impact statements, WestConnex M4 East had the most detailed coverage of mental health issues, mostly related to property acquisition. Despite this, there was limited detail in the health chapter when compared to other issues like air and noise risks. Mitigation measures were limited to the provision of phone counselling services. 
The EIS for each of the other projects lacked assessment of mental health impacts due to construction and operation. 
As outlined above, evidence that links transport and health advocates for access to a mix of transport options, giving people opportunities to walk, cycle and use public transport. The importance of this mix was excluded from the project and parameters set for the two NSW motorway projects. 
While the EIS for each of NorthConnex and WestConnex acknowledged the need for multi-modal transport options, their provision was described as being outside the project’s parameters. It wasn’t clear how or when this was being done elsewhere, only that it was not the proponent’s responsibility and not within the scope of the EIS.
This mix of options was minimal in the 2010 Darlington report we analysed. However, the most recent 2016 iteration of this project design appears to emphasise walking and cycling facilities, with a recent announcement of a rail link adjacent to the motorway.
<h2>Why were health impacts neglected?</h2>
Stakeholder interviews were held with project co-ordinators, consultants, the health department and affected community members for the NSW-based projects. We were unable to conduct interviews for the Darlington case due to changing and uncertain project parameters at the time of the research. 
Informants stressed the importance of the requirements issued to proponents by the state Department of Planning and Infrastructure. Health featured in these requirements, largely on the advice of the state Ministry of Health. 
These requirements focused on environmental health risks, particularly concerning air quality. This corresponded to historical community concerns about motorway impacts. 
Despite an overall consensus that health was an important issue, there was little appetite for comprehensive consideration of broader health impacts, such as those advocated by evidence-based research. Crucially, as reported in the environmental impact statements and confirmed through stakeholder interviews, the design of each project reflects prior financial and strategic decisions. The purpose of the EIS is focused on minimising these risks within those existing design parameters. 
Supporting the considerations behind the light rail, there was reference to the cost savings from the health benefits associated with public transport use. This suggests that health was part of that project’s preceding business case. For the motorway projects, however, our research suggests these early decision points failed to comprehensively consider health impacts. 
If health is to be comprehensively included in the environmental impact statement, it is clear that it needs to be considered much earlier on when the decisions are made on the parameters of the project. Our findings suggest the design of these projects – from business case to assessment – lags well behind the evidence surrounding transport and health. 
The community can be confident that these assessment processes were conducted thoroughly within their set purpose. But the bar for considering the full range of health impacts needs to be raised. This will ensure communities are aware of the long-term impacts of infrastructure provision, and that opportunities to promote and protect health through transport are maximised.
Patrick Harris is senior research fellow, University of Sydney and can be contacted <a href="https://theconversation.com/profiles/patrick-harris-102775" target="_blank">here</a>.
Emily Riley is research assistant , University of Sydney and can be contacted <a href="https://theconversation.com/profiles/emily-riley-315794" target="_blank">here</a>.
<a href="https://theconversation.com/profiles/jennifer-kent-13822" rel="author">Jennifer Kent</a> is research fellow, University of Sydney and can be contacted <a href="https://theconversation.com/profiles/jennifer-kent-13822" target="_blank">here</a>.
All are authors for The Conversation.
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jchancellor-FAypfDUnLy

Why transport projects aren’t as good for your health as they could be

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GUEST OBSERVER
Washington Brown has crunched the numbers on The Block’s latest development in Melbourne’s inner-city bayside suburb of Port Melbourne, and something just doesn’t add up.
From a financial point of view the development, which consisted of transforming a 1920s art deco building into a luxury apartment block, was one of the worst I have ever seen.
While I understand the magic of television, Channel 9 have outdone David Copperfield in creating the illusion of a profit to the public!.
Let's look at the numbers:
According to reports Channel 9 bought the site for around $5 million, which allowed for 6 apartments. Only 5 were sold on TV and for calculation purposes let’s say the acquisition costs is $4.2 million.
The construction cost and depreciation allowances totalled over $11 million, for the 5 apartments.  
That’s $15.2 million alone in construction and acquisition costs.
It’s worth noting that under the Income Tax Assessment Act 1997 the initial vendor (ie. the developer) has an obligation to pass on the actual costs of construction to the purchaser, where the costs are known.
Let’s not forget there’s then a variety of other costs involved in buying and selling, and undertaking the development, including:
<ul>
<li>Stamp duty</li>
<li>GST on the sale</li>
<li>Demolition</li>
<li>Marketing</li>
<li>Agents’ fees</li>
<li>Legal fees</li>
<li>Interest</li>
<li>Rates</li>
</ul>
Whilst some of these costs may have been avoided due to contra deals, the bulk would have to be outlaid by Channel 9.
I estimate these additional costs to conservatively be $2 million, which brings the total cost to $17.2 million.
The Block’s<a href="https://www.domain.com.au/news/the-block-2016-will-and-karlie-win-and-take-home-815000-in-prize-money-20161113-gsoefv/" target="_blank"> total sales </a>realised just a little over $12 million, leaving the development in the red by around $5 million, yet it has been indicated that <a href="https://www.domain.com.au/news/the-block-2016-the-auctions/" target="_blank">profits</a> of up to $715,000 were made by the contestants. 
That something David Copperfield would be in awe of.
You know it’s the peak of the market when reality TV shows are pulling rabbits out of a hat to show a profit.
Whilst the contestants may have walked away with some ‘profit’, if the numbers are to be believed as shown on the show that development was a stinker.
Tyron Hyde is director, Washington Brown, and can be contacted <a href="https://www.washingtonbrown.com.au" target="_blank">here</a>.
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How successful was The Block Port Melbourne as a development?

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Cricketer Mitchell Starc has listed his Mosman home after he bought the North Curl Curl home of Jennifer Hawkins and her husband Jake Wall.
The luxury new build at North Curl Curl home cost the 26 year old Baulkham Hills-born fast bowler a bullish $5,235,000.
Starc bought the property in Mosman for $4.55 million back in 2014. <a href="https://www.realestate.com.au/property-house-nsw-mosman-124151974" target="_blank">It is listed</a> for December 10 auction. 
Set at the end of the Botanic Road cul-de-sac, the five-bedroom property includes a dramatic entry with soaring ceilings, walls of glass and a rooftop terrace. Offered through McGrath Mosman’s Michael Rava, it has $5.5 million hopes.
His prior home was at Breakfast Point pad, which fetched $1,275,000 on its sale.
Starc and his now wife, Southern Stars cricketer Alyssa Healy, had paid $960,000 in 2012. 
Starc's fellow new ball partner in the Australian Test team attack, Josh Hazlewood, recently secured a Hunters Hill property for $3.8 million.
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Australian cricket star Mitchell Starc lists in Mosman

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<img src="https://counter.theconversation.edu.au/content/68429/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Last week the Australian division of global financial institution Citibank became the first local bank to stop handling cash.
The bank’s retail head said it was not a precursor to closing bank branches, but it comes as banks are stepping up their investments in technology, while at the same time looking to reduce costs. But evidence shows customers still want branches or personal interaction with bank staff. 
Banks today spend a lot of time talking about technology. Their public documents are littered with terms like “simplification”, “process excellence”, “creating a footprint for a digital world”, “stepping up the pace of innovation”, “cloud based solutions”, “digital transformation”, “unparalleled digital capabilities”, “digital security”, “innovation labs”, “technology for leveraging data analytics” – it goes on and on. 
It is clear the banks are highly motivated to ride the technology wave to its full extent. And they cite several compelling reasons. The first is improving the customer experience. The banks argue they can build deep customer relationships through technology improvements. 
The way customers want to undertake banking is continually changing, and more and more customers want simplified solutions and to be able to do everything on digital devices. Part of the customer service improvement is heavy investment in data analytics to better understand customer profiles and the ways in which customers transact. 
The second reason is to drive down costs. Customers want the cost effective solutions that smart technology can offer them, and banks want to improve their own cost to income ratios.
Security is a third factor. Customers want their money to be safe and banks need to invest in secure solutions and the prevention of cybercrime. 
But what is the role of the traditional bank branch in all of this? Will increasing digital solutions lead to more branch closures? And do customers still want branch based solutions and interactions? 
<h2>Branch networks are declining, but at a slower pace</h2>
APRA figures show there were 5904 “points of presence” in Australia offering a branch level of service as at June 30, 2016. These figures include non-bank entities such as building societies, but the vast majority relate to bank branches. 
From 2012 onwards, the number of branches has shown negative growth each year, and there has been a particularly large slide of 5 percent in 2016. There has been a greater percentage of closure in rural areas. According to APRA’s branch classifications, there was a reduction of 315 branches, of which 173 (-4 percent) was in highly accessible areas, 75 (-10 percent) in accessible areas, 36 (-12 percent) in moderately accessible areas, 25 (-17 percent) in moderately accessible areas, 6 (-13 percent) in very remote areas.
<a href="/images/2016/11/17/image-20161114-21945-10joapy.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/17/image-20161114-21945-10joapy.png" alt="">
APRA data, Author provided
These closures need to be put into context. They are small compared to the many closures that were seen in Australia from the early nineties to the early 2000s, when ATMs and other electronic solutions were being increasingly rolled out by banks. APRA figures show a reduction of more than 2,000 branches over this period. 
An Australian parliamentary report at that time put this down to banks seeking increased efficiency and reduced costs in a highly competitive global environment, fuelled by an increase in technology and electronic banking solutions. 
The US, like Australia, has also shown a relatively small reduction in branches in recent times. The UK on the other hand has had a comparatively huge number of branch closures. A parliamentary report showed branch numbers have fallen from more than 20,000 in the late eighties to less than 9,000 in recent times. These closures even led to an active group called the Campaign for Community Banking Services. It spent nearly two decades trying to stop the closures but disbanded recently, believing the tide could not be stopped.
Despite bank branch closures, there’s evidence to suggest customers still want branches or some sort of personal interaction with bank staff. 
A Canstar Blue 2016 survey showed that in Australia the top three drivers of bank customer satisfaction are enquiry and problem handling, fees and charges, and customer service (branch and call centre). Digital banking (mobile, website and apps) ranks only as the sixth key driver. In the UK, a study by McKinsey (2016) showed that customers still want interaction with branches, especially for more complex transactions.
But do branches still deliver value for the banks themselves? Well yes, not only do they serve to satisfy the needs of those customers who want personal interaction with their banks, these branches are also essential sales outlets for the banks.
There is also generally a desire among Australian banks to retain, and even expand, the relationship manager model for business customers, in contrast to a strong move over the last two decades by many global banks towards automated business processes such as credit scoring for small businesses. 
The banks in Australia have generally been reluctant to dispel further closures. And it’s clear they wish to move much further into technology-based solutions. However, there appears fairly wide acceptance among the banks that branches and personal contact still have an important role to play. This means branches are likely to keep evolving into smaller outlets focusing on sales and more complex transactions, while banks focus on other technology solutions as they evolve.
Robert Powell is associate professor, Edith Cowan University and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/robert-powell-314697" target="_blank">here</a>.
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Banks are hedging their bets on costly branch networks

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GUEST OBSERVER
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<div class="column">Wage growth is holding near 2 percent and it clearly is a win-win situation. Lower growth of wages has encouraged employers to take on more staff. And while low nominal growth of wages is positive for employers, wages are still growing at a faster pace than prices – positive for consumers.</div>
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<div class="column">In fact inflation is just 1.3 percent and wages are growing at a 1.9 percent annual pace (although dragged down by the Mining sector). It is clear that real wage gains are still boosting consumer purchasing power.</div>
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<div class="column"><a href="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%208.10.29%20AM.png" target="_blank">Click to enlarge</a></div>
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<img src="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%208.10.29%20AM.png" alt=""> The Reserve Bank Governor appears an even more reluctant rate-cutter than the former Governor. Simply, Philip Lowe believes that there is no value in just cut, cut, cutting. The Reserve Bank believes that the economy will continue to grow faster than the ‘speed limit’ and that will serve to lift inflation. And despite the headlines, the Reserve Bank Governor is encouraged by the more prudent behaviour of consumers. There are no warnings on debt, just the conventional wisdom that higher debt means higher risks. </div>
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What do the figures show?
Wage price index
The wage price index rose by 0.4 percent in the September quarter after a 0.5 percent rise in the June quarter. Annual wage growth eased at a record (18-year) low of 1.9 percent (2 percent in original terms) although influenced by just 1 percent growth in mining wages. Private sector wages rose by 0.4 percent in the quarter while public sector wages rose by 0.6 percent. Annual growth of private sector wages eased to a record low of 2.0 percent in the quarter. Annual growth of public sector wages was 2.3 percent.
Including bonuses, wages rose by 0.6 percent in original terms in the September quarter to be up 1.7 percent on a year ago.
Private sector wages including bonuses rose by 0.6 percent in the quarter to be up 1.6 percent on a year ago. Public sector wages including bonuses rose by 0.9 percent in the quarter and by 2.3 percent over the year.
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<div class="column">Industries with fastest annual wage growth: Health care &amp; social assistance (up 2.4 percent); Electricity, gas, water and waste services, Education &amp; training and Accommodation &amp; food services (all up 2.3 percent).</div>
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<div class="column">Industries with slowest annual wage growth: Mining (up 1.0 percent); Administrative &amp; support services (up 1.2 percent); Professional, scientific &amp; technical services (up 1.6 percent). <a href="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%208.11.58%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%208.11.58%20AM.png" alt="">
  Annual wage growth across States &amp; Territories:
NSW, 2.1 percent; Victoria, 2.0 percent; Queensland, 1.9 percent; South Australia, 2.3 percent; Western Australia, 1.7 percent; Tasmania, 2.2 percent; Northern Territory, 2.2 percent; and ACT, 1.9 percent.
New vehicle sales:
According to the Australian Bureau of Statistics (ABS) new vehicle sales fell by 2.4 per cent in October after a 2.4 percent rise in September. Passenger car sales fell by 2.3 percent, while sales of sports utility vehicles fell by 1.2 percent and sales of “other” vehicles (includes utilities, panel vans, cab chassis, goods carrying vans, rigid trucks, prime movers, non-freight carrying trucks, and buses) fell by 4.7 percent.</div>
<div class="column">
 Across states/territories in September: NSW (-1.0 percent); Victoria (-1.3 percent); Queensland (-2.8 percent); South Australia (-9.1 percent); Western Australia (-4.2 percent); Tasmania (-2.6 percent); Northern Territory (- 10.9 percent); ACT (-4.4 percent).</div>
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<div class="column">New vehicles sales were up by 1.2 percent over the year. Passenger car sales in October were down by 4.6 percent over the year while SUVs sales were up by 6.9 percent and “other vehicles” were up by 2.7 percent. In rolling annual terms, 1,178,688 new vehicles were sold over the year to October. Sales of SUVs (440,060) hit record highs in annual terms, while annual sales of “other” vehicles stood at a record high of 248,710. Sales of passenger vehicles fell to a 20-year low of 489,918 in the year to October.
What is the importance of the economic data?
The Wage Price Index has been compiled since September quarter 1997 and measures quarterly changes in wage and salary costs for employees. The index is based on a representative sample of employees, and includes measures of non-wage costs including superannuation, payroll tax, public holiday and workers compensation. The Wage Price Index is useful in measuring wage pressures in the economy. While strong growth in wages would boost domestic spending, it could also serve to lift employer costs and prices and add to economy-wide inflationary pressures. The wage price index is a measure of hourly pay rates (excluding bonuses). The Australian Bureau of Statistics provides seasonally adjusted and trend estimates of industry data. The Federal Chamber of Automotive Industries releases estimates of new vehicle sales on the third business day of the month. The figures highlight the strength of consumer spending as well as conditions facing auto &amp; components companies.
<a href="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%208.13.04%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/17/Screen%20Shot%202016-11-17%20at%208.13.04%20AM.png" alt="">
What are the implications for interest rates and investors?
Wages continue to outpace prices. Add in the strong flow of dividends from companies, lower interest rates, cheaper petrol and higher home prices and there is plenty of latent spending power to boost sales at retailers.</div>
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<div class="column">The Reserve Bank Governor has laid out clearly why rates don’t need to go lower. The economy is expected to grow above its ‘potential’ rate, inflation is tipped to lift to the Reserve Bank target band and lower rates could encourage excessive borrowing. </div>
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Craig James is the chief economist at <a href="https://www.comsec.com.au/default.aspx" target="_blank">CommSec</a>.
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Upbeat Reserve Bank, wages ahead of prices: CommSec's Craig James

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Australia's heavily-indebted economy is at risk from Trump-style protectionism and potential fallout from badly roiled financial markets, according to the International Monetary Fund (IMF).
The IMF warns that Australia hasn't escaped worldwide symptoms of financial sickness, despite having survived the end of the resources boom relatively well.
Dr Thomas Helbling, mission chief for the Australia-New Zealand division of the IMF, said the organisation's main fear is that Trump-like protectionism, that slams global trade, would reverse globalisation.
"Nations will turn inward and there will be less global trade," Helbling said.
The federal government was challenged to do more to lift productive infrastructure investment.
The IMF team of economists warned that the RBA no longer has much interest rate ammunition to stave of a potential downturn.
The fund recommends the RBA should lengthen its forecast horizons beyond two years to reinforce its longer-term view that inflation will return to its 2-3% range.
They urged the Turnbull government to ramp up its commitment to restricting the country's debt, which they suggested was getting out of control, by introducing a 'longer-term debt anchor'.
"Rather than have vague notions of debt in the room it might be helpful to be specific about the debt objective and feed this back to what this means for the conduct of fiscal policy," Helbling said. 
Helbling also warned that Australia as an open economy could be hurt by any reversals.
"We would for example expect that if there were less trade, that global growth would slow, [and] commodity prices would decline with corresponding implications for Australia," he told The Australian Financial Review.
While overall threats to the economy have lessened since the fund's last comprehensive assessment in early 2015, its analysts warn that decision-making by the federal government will be "critical" to cutting employment in a "fragile global environment".
Helbling suggested that a tighter policy would also help frame the need for spending decision that will emerge as the population ages.
The fund also urged the government to increase plans for a pipeline of infrastructure investments to prepare for the next major crisis.
The IMF team's preliminary report will now be turned into a formal so-called Article IV report due in early 2017.
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Trump-style protectionism will hurt economy: IMF

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Allawah, the Upwey home occupied by artist Fred Williams in the 1960s, has been sold.
It sold for $800,000 after auction.
The 1924 three bedroom home sits on 4382 square metres at the base of the Dandenong Ranges.
Ray White’s Matthew George was the marketing agent for<a href="https://www.realestate.com.au/sold/property-house-vic-upwey-123422554" target="_blank"> 10 St Kilda Avenue, Upwey</a>.
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Fred Williams' former Upwey home, Allawah sold

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Australia’s most famous brothel, the Daily Planet, in Elsternwick in Melbourne’s south-eastern suburbs, is up for auction.
The bordello, founded by John Trimble in 1975, made history in 2003 when its holding company, Planet Platinum, became the first sex industry business to be listed on the Australian Stock Exchange.
It also owned King Street strip club Showgirls Bar 20, which was recently sold for $13.25 million to Rialto Tower owners.
The Daily Planet building, which continues to operate as a licensed brothel, is expected to fetch more than $7 million at its November 18 auction.
The property at 7-12 Horne Street stands on a 829 square metre block.
It will be auctioned alongside two neighbouring properties providing the potential for an apartment development.
The third property, at 15 Horne Street, is a privately-owned warehouse unrelated to Planet Platinum. 
All three properties are being marketed by Alex Ham, Benjamin Klein and Michael Gross, of Gross Waddell, with Mr Ham telling the Australian Financial Review the buyer would “most likely be a developer”.
“The Daily Planet is still operating as brothel and will be a brothel up until the day of the auction. After that it’s up to the new owner if they wish to continue the licence agreement,” he said.
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Melbourne's Daily Planet brothel for auction

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Asia Pacific millennials are more likely to spend their time and money on leisure activities and experiences like travel, entertainment and dining than previous generations.
Millennials shop online—at an average of 4.7 days per month —but only physical bricks-and mortar venues, particularly shopping centers, provide them with the experiences and social elements they require.
Millennials visit shopping centres for purposes other than buying products, such as to dine out, banking and visiting exhibitions, at an average of three days per month.
However, slower economic growth and a desire to save money for purchasing a home may inhibit future spending on leisure activities, suggests CBRE research.
“Millennials represent the fastest source of spending power regionally and serve as the most influential demographic framing future trends in real estate through their lifestyle behaviour, requirements and priorities of living, working and play,” said Dr Henry Chin, Head of Research, CBRE Asia Pacific.
“In order to leverage on millennials’ spending habits, retailers are recommended to increase the experience-based element of their offering and focus on providing an environment for visitors to socialise and relax.
"In addition to increasing F&amp;B, cinema and entertainment elements in their shopping malls, retail landlords should consider organising more live events to attract millennials.
"However, they should also carefully manage their tenant mix to ensure they still cater to other generations,” added Dr Chin.
In Australia, 70 percent of non-food purchases are made in store.
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Millennials spend 4.7 days a month shopping online: CBRE

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<img src="https://counter.theconversation.edu.au/content/67629/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The most recent report card on the Great Barrier Reef’s water quality highlighted major changes that need to be made to meet targets by 2018. 
Sediment and pollutant runoff from land use have increased 2-3 fold since 1850, largely driven by agricultural land clearing and grazing, while fertiliser used in sugar cane farming contributes to nitrogen runoff.
Runoff increases coral’s sensitivity to bleaching and disease, shifts the balance between coral and algae, leads to a build-up of pollutants in marine species that are long-lived or high in the food web, and increases the chances of crown-of-thorns starfish outbreaks.
Improving water quality will likely increase the health of reef organisms, and help reefs to bounce back from disturbances. 
Government investment plans need to account properly for the total estimated value of the Great Barrier Reef and past progress in reducing runoff. An estimated A$500 million per year is needed to improve management action. 
So what’s the best way to meet these targets? You won’t be surprised to find that scientists are working on the answer. But innovative projects fusing art and science are also appearing in north Queensland. 
<h2>The problem of collective action</h2>
Like many environmental issues, runoff on the Great Barrier Reef is a classic example of a collective action problem. Collective action is at the heart of this issue in two ways. 
First, the alongshore transport of sediment and runoff pollutants by currents means that the effects of managing runoff along one section of coastline may be felt elsewhere. The condition of the reef adjacent to a particular river mouth may not, therefore, necessarily reflect the land management within that river’s catchment. 
Second, the health of the reef is dependent on other factors, such as bleaching driven by increased sea surface temperatures related to climate change. These are caused by many geographically remote activities (for instance, someone burning coal in London). 
Collective action problems can be understood through US academic Garret Hardin’s famous “tragedy of the commons” theory. This theory states that self-interested individuals acting rationally may not behave in the best interests of the whole group.
Hardin used the example of a group of herdsmen allowing their cattle to graze a pasture that is running out of fodder. For an individual herdsman, the cost of removing cattle exceeds the benefit of leaving some pasture for the future, unless other herdsmen also agree to remove cattle.
Similarly, it takes an exceptional individual to reduce their runoff impacts, in light of the agricultural benefits to be gained from activities that increase runoff volume and decrease its quality (such as land clearing and use of fertilizers). This is particularly the case when others are not acting to abate their own activities. 
Many farmers say that the Reef 2050 target to reduce runoff by 80% by 2025 is not economically viable. But without acting now, our metaphorical common (the inshore Great Barrier Reef) will continue to degrade.
<h2>Best environmental practice</h2>
Agriculture is a social and cultural activity, just as much as it is a process of environmental engineering, and the push to transform farming practices needs to recognise this. Top down incentive schemes do have some impact, but could there be a better way?
For instance, for sugar cane growers, the Smartcane Best Management Practice (BMP) Guidelines are an attempt by the industry to shift farming practices towards compliance with government directives to reduce run-off impacts on the reef. 
The Smartcane BMP guidelines aim to improve farming practices through seven principles:
<ol>
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Soil health and plant nutrition management 
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<li>
Pest, disease and weed management 
</li>
<li>
Drainage and irrigation management 
</li>
<li>
Crop production and harvest management
</li>
<li>
Natural systems management
</li>
<li>
Farm business management
</li>
<li>
Workplace health and safety management
</li>
</ol>
As with many corporate social responsibility initiatives, growers who volunteer for Smartcane BMP are required to assess their current practices and set benchmarks for improvement in order to receive accreditation that indicates good environmental practice. There are clear marketing and, in many cases, cost-cutting benefits that motivate farmers to participate. 
This has driven some examples of good practice within the farming community. However, as the 2015 report card shows, “only 23% of sugarcane land was managed using best management practice systems”, which is inadequate for achieving the Reef 2050 goal of an 80% reduction in dissolved nitrogen loads from agricultural runoff by 2025. 
<h2>Motivating farmers</h2>
One project which engages with this problem is Sugar vs the Reef? by artists Lucas Ihlein, Kim Williams and Ian Milliss. This project is based on the idea that there is a greater chance of influencing farming practices if the desire to improve environmental performance comes from within the farming community. Innovation is celebrated from below by staging public collaborative events to generate dialogue about agriculture’s complex social and environmental interactions. 
For example, over the next two years, the project will coordinate a collaboration between Mackay Botanical Gardens, sugar cane farmers and community members to plant a dual crop of sunflowers and sugar caneas a highly visible work of “land art”.
This crop - whose cycle of planting, growth and harvesting will exceed the minimum standards of BMP - will stretch over four hectares near the centre of Mackay. Over two years, the project will engage sugarcane farmers, artists, high school students, members of the Australian South Sea Islander community, the Greater Whitsunday Food Network, soil and reef scientists, as well as the Great Barrier Reef Marine Park Authority.
While it is easy to point the finger at agricultural practices as a major cause of poor water quality in the inner waters of the Great Barrier Reef, change will be slow until the complex social factors that shape modern farming are recognised. This requires deeper engagement with the varied cultures of farming.
Sarah Hamylton is senior lecturer, School of Earth and Environmental Sciences, University of Wollongong and can be contacted <a href="https://theconversation.com/profiles/sarah-hamylton-134715" target="_blank">here</a>.
Lucas Ihlein is ARC DECRA research fellow, University of Wollongong and can be contacted <a href="https://theconversation.com/profiles/lucas-ihlein-112028" target="_blank">here</a>.
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Cleaning up runoff onto the Great Barrier Reef: how art and science are inspiring farmers to help

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Joel Robinson

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Jonathan Chancellor

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