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Economists at ANZ and National Australia Bank are tipping the economy will shrink in the first three months of this year as the coronavirus and bushfires weigh down an already soft Australian economy.
The bearish assessments come as RBA governor Philip Lowe said he would be surprised it the economy shrunk in the March quarter.
ANZ estimates the impact of the coronavirus will slash 0.5 of a percentage point off March quarter gross domestic product and a smaller hit from the bushfires.
The bank forecasts the economy to contract 0.1 per cent in the first quarter, before recovering later in the year.
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"The understandable travel ban in place in Australia on all foreign nationals who have been in China, as well as airline cancellations, will act to sharply reduce the level of tourist arrivals," ANZ economists said in a research note.
"There is a very wide range of uncertainties around the outlook. The virus’s timeline, the behaviour of non-China tourism, the impact on broader Chinese and global growth, and the degree to which Australians limit their travel abroad.
"While the hit to near-term growth is large, we expect the number of arrivals from China to turn around in Q2, with the rebound in tourism adding to growth in Q3 and Q4.
"Consequently, the impact on year-end growth is likely to be small."
NAB chief economist Alan Oster is also expecting a negative March quarter, suggesting that the effects of the coronavirus and bushfires will hit consumption levels, which he expects to be lower than what most economists forecast.
"We haven't put a number on it but we expect GDP to go negative in the March quarter. The question will be: is it a big negative or a small negative?"
While not officially forecasting a negative December quarter, Mr Oster said.
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j.ballantyne1990-6AQqhLzZaK

Australian economy expected to shrink for first three months of 2020: ANZ, NAB

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GUEST OBSERVATION
Last month, the Australian National University contracted with the Social Research Centre (SRC) to survey more than 3,000 Australian adults about their experiences and attitudes related to the bushfires.
The <a href="https://csrm.cass.anu.edu.au/research/surveys/anupoll" target="_blank">study</a> is the first of its kind to gauge how people were affected by the crisis and how it changed their views on a range of subjects, from climate change to the government response.
More than half of Australians felt anxiety
Our research shows the vast majority of Australians were touched in some way by the fires. We asked about eight different forms of impact, from lost property to disrupted holiday plans to difficulty breathing from the smoke.
About 14.4% of our respondents experienced direct exposure to the fires, either through their property damage or evacuations.
We can extrapolate further by looking at population <a href="http://stat.data.abs.gov.au/Index.aspx?DataSetCode=ERP_QUARTERLY" target="_blank">estimates</a> from the ABS and the number of visitors to areas impacted by the bushfires from the <a href="https://www.tra.gov.au/Domestic/domestic-tourism-results" target="_blank">National Visitors Survey</a> to estimate the total number of people directly affected at around 3 million.
And 77.8% of our respondents reported indirect exposure to the fires, such as having a friend or family member with damaged or threatened property, having travel or holiday plans disrupted, being exposed to the physical effects of smoke or feeling anxious or worried about the fires.
Breaking the data down by individual category, the severity of the <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/health/2020-01-07/prolonged-bushfire-smoke-creates-new-health-risks/11844934">public health challenges</a> becomes more clear.
Nearly six in 10 respondents (57%) said they were physically affected by the smoke, while 53.6% said they felt anxious or worried about the fires.
Confidence in the government declined
The long-running <a href="https://australianelectionstudy.org/">Australian Election Study</a> has shown that confidence in the federal government has declined substantially in the past few decades.
Crises have the potential to restore some of this trust if dealt with effectively and transparently. However, the government’s handling of the recent bushfire crisis seems to have had the opposite effect.
Confidence in the federal government declined by 10.9 percentage points from 38.2% in our survey in October 2019 to 27.3% by January 2020.
Confidence in other institutions, meanwhile, was quite stable over the four-month period, and higher than for the federal government. Rural fire-fighting services had the highest level of public trust in our survey at 92.5%.
We also found a significant decline in the percentage of people who said they would vote for the Coalition if an election was held that day. This dropped from 40.4% in October 2019 to just 34.8% in January 2020 – nearly even with those who said they would vote for Labor in January (33.4%).
Significant increase in concern over global warming
We also tracked significant changes in people’s attitudes towards the environment.
For instance, 49.7% of people reported the environment as one of the top two issues facing Australia in January 2020, compared to 41.5% of respondents in October 2019.
Another interesting finding: 10.2% reported fires, natural disasters or extreme weather as the most or second-most important issue facing Australians, up from nearly nonexistent in October 2019.
Our findings showed consistently higher concern among Australians when it comes to specific environmental issues. Comparing responses from our January 2020 survey and a 2008 ANUpoll, we saw two large increases in concern for loss of native vegetation, animal species or biodiversity (13 percentage points) and drought and drying (nine percentage points).
There was an even larger increase in the proportion of people who believe global warming or climate change will impact their lives.
Nearly three-quarters (72.3%) of respondents said global warming was a very serious or fairly serious threat, a substantial increase from the 56% who said so in 2008.
The majority of those living in capital cities said they felt global warming was a very serious problem (62%) or a threat (74.9%). Perhaps even more surprising, however, was the fact these views were shared by people in non-capital cities (52% said it was very serious, 65.5% said it was a threat).
Support for new coal mines has also declined sharply over the past eight months. In our January survey, 37% of respondents said the government should allow the opening of new coal mines, down from 45.3% in an <a href="https://dataverse.ada.edu.au/dataverse.xhtml?alias=CSES">ANU survey</a> from June 2019.
While being exposed to the bushfires appears to have made people more aware of environmental issues, the drop in support for new coal mines does not appear to have been driven by the crisis itself. Rather, it appears to be consistent across the population, with the biggest decline occurring among those who voted for the Coalition in the 2019 federal election (57.5% supported new mines in January 2020, down from 71.8% in June 2019).
There is still much work to be done to fully understand people’s attitudes towards climate change and how this correlates with natural disasters like bushfires.
But the data in our survey provide opportunities for future research and new insights and will be made available through the Australian Data Archive. Future surveys could test for changes in people’s attitudes taking into account different variables and track how those attitudes change over time.<img src="https://counter.theconversation.com/content/131672/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/nicholas-biddle-10171">Nicholas Biddle</a>, Professor of Economics and Public Policy, ANU College of Arts and Social Sciences, <a href="https://theconversation.com/institutions/australian-national-university-877">Australian National University</a>; <a href="https://theconversation.com/profiles/ben-edwards-446349">Ben Edwards</a>, Associate Professor, Child and Youth Development and Longitudinal Studies, <a href="https://theconversation.com/institutions/australian-national-university-877">Australian National University</a>; <a href="https://theconversation.com/profiles/diane-herz-965267">Diane Herz</a>, CEO, Social Research Centre, <a href="https://theconversation.com/institutions/australian-national-university-877">Australian National University</a>, and <a href="https://theconversation.com/profiles/toni-makkai-968244">Toni Makkai</a>, Emeritus Professor, <a href="https://theconversation.com/institutions/australian-national-university-877">Australian National University</a>
This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/nearly-80-of-australians-affected-in-some-way-by-the-bushfires-new-survey-shows-131672">original article</a>.
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Nearly 80% of Australians have been affected by bushfires in some way

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A Bertram, West Australia mortgagee home has remained listed for $410,000.
Despite being marketed as a mortgagee sale for over 500 days, the asking price has remained unchanged.
This may be because it is being marketed through BuyMyPlace meaning that the campaign is self-run.
Situated at <a href="https://www.realestate.com.au/property-house-wa-bertram-129558746" target="_blank">30 Keyham Street</a>, the abode was constructed in 2010.
The parcel was previously owned by the Housing Authority when sold for $165,000 in 2009.
The four bedroom two bathroom house sits on a 454 sqm holding.
Previously listed from October 2017 to February 2018, the asking price was $399,000.
The latest marketing campaign began in late October 2018.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for a unit in <a href="/news">Bertram</a>, is $350,000, according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0%.
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Bertram, WA mortgagee home enters second year on market

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A Montmorency, Victoria mortagee home has sold for $913,000 at auction last month.
It went to auction with a price guide of $790,000 - $850,000.
Selling for this price represents a significant increase in value on its 2006 sale price of $340,000.
Daniel Leibowitz and Max Jones of Darren Jones marketed the three bedroom two bathroom house.
Situated at <a href="https://www.realestate.com.au/property-house-vic-montmorency-132833578" target="_blank">23A Airlie Road</a>, the home is set on a 706 sqm block.
The abode was built in 1950 and is according to the listing, "mostly original."
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The median price for a house in <a href="/news">Montmorency</a> is $834,000 according to CoreLogic data.
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Montmorency, Victoria mortgagee home sold above price guide

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A Camillo, WA mortagee home has been listed for $245,000.
If it were to sell for the sought price it would represent a 20% increase in value on its 2008 sale price of $200,000.
Shane Denniston of The Professionals is marketing the property at <a href="https://www.realestate.com.au/property-house-wa-camillo-132875758" target="_blank">39A Westfield Road</a>.<a class="agent-info__name sc-kpOJdX khYtfc" href="https://www.realestate.com.au/agent/shane-denniston-236716?cid=agent-profile-page%7Cbuy:pdp:contact-side-panel"> </a>
The five bedroom, two bathroom house is set on a 773 sqm block.
The abode was built in 1986 and is according to the listing, "a handy man's dream, with work to be completed throughout the home."
It holds an outlook over Westfield/Heron reserve and is close to both the train station, and Kelmscott shopping centre.
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The median price for a house in <a href="/news">Camillo</a> is $215,000 according to CoreLogic data.
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Camillo, WA mortgagee home listed for minor profit

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An Ellenbrook, West Australia mortgagee home has been sold for $420,000.
It was the homes second consecutive loss.
In 2008 the then brand new three bedroom, two bathroom property on 660 sqm sold for $520,000, before selling for $450,000 in 2010, the last time it traded.
Mike Holland and Shane Penny of HKY Real Estate secured the sale of <a href="https://www.realestate.com.au/property-house-wa-ellenbrook-132706970" target="_blank">39 Simmonds Pass</a>. 
It had been scheduled for a February auction.
Built in 2007, the listing notes that it is freshly painted throughout with the marketing material describing it as a "fantastic opportunity for the savvy buyer."
It is located in 'Charlottes Vineyard’ with easy access to the new Lord Street upgrade and newly opened Tonkin Highway.
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The median price for a house in <a href="/news">Ellenbrook</a> is $335,000, according to CoreLogic data.
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Ellenbrook, WA mortgagee home sells for second consecutive loss

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A Collie, West Australia mortgagee home has sold for $202,500 after seeing significant reductions to the asking price.
From 2016 - 2018 the home was for sale, not as a mortgagee, originally seeking $330,000 which was reduced eventually to $269,000 over the life of the listing.
In this most recent campaign Val Bronickis of Elders marketed the home as a mortgagee sale seeking $235,000 which was later reduced to $200,000.
Situated at <a href="https://www.realestate.com.au/sold/property-unit-wa-collie-131364402" target="_blank">2/60 Venn Street</a>, the townhouse was built in 2010.
Set on 423 sqm, it is a three bedroom two bathroom abode.
The home was listed as a rental first in 2013 seeking $400/pw. 
This asking price was reduced multiple times, and the during the most recent rental campaign, the vendors sought $325/pw in 2017.
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The median price for a house in <a href="/news">Collie</a> is $145,000, according to CoreLogic data.
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Collie, WA mortgagee home sold at substantial discount on initial asking price

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A Kirkwood, Queensland mortgagee home has been listed for $205,000.
When the house was first listed in November 2019, the vendors sought $235,000.
The three bedroom, two bathroom home last sold for $224,900 in 2013.
Luke Watts of Elders is marketing the property.
Situated at <a href="https://www.realestate.com.au/property-house-qld-kirkwood-132352222" target="_blank">10 Seagull Boulevard</a>, the home was built in 2013.
Set on 353 sqm, the lowset brick home is tucked away in the Oasis Estate Gladstone.
It was listed as a rental in 2015 and 2016 by the National Affordable Housing Consortium and Queensland Affordable Housing Consortium seeking $280/pw in 2015 and $190/pw in 2016.
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The median asking rent for a house in <a href="/developments/kirkwood-qld-4680">Kirkwood</a> is $300/pw, according to CoreLogic data.
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Kirkwood, Queensland mortgagee home listed for minor value reduction

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A Gawler West, South Australia, mortgagee home has been listed for sale after an unsuccessful auction in early February.
It comes with a $115,000 - $125,000 price guide.
Ken Loft of Harcourts is marketing the three bedroom, one bathroom house.
Situated at <a href="https://www.realestate.com.au/property-house-sa-gawler+west-132764986" target="_blank">19 Mulga Street</a>, the abode was built in 1975.
Set on 471 sqm, it positioned in the heart of Gawler West.
It last sold for $56,000 as part of a multisale by the SA Housing Trust in 2002.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
To learn more about <a href="/developments/gawler-west-sa-5118">Gawler West, click here</a>.
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Gawler West, SA mortgagee home listed after unsuccessful auction

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GUEST OBSERVATION
Over the past decade almost US$200 billion has been invested globally in mobility technology that promises to improve our ability to get around.
More than US$33 billion was invested last year alone. Another measure of interest in this area is the number of unicorns, which has doubled in the past two years.
A unicorn is a privately held startup company valued at US$1 billion or more. In early 2018 there were 22 travel and mobility unicorns. By last month the number had grown to 44.
The top categories in the mobility area are: ride hailing, with 11 unicorns (25.0%); autonomous vehicles, with ten (22.7%); and micromobility, with three (6.8%). The remaining 20 unicorns are in the travel category (hotels, bookings and so on).
Mobility technology is more than just autonomous vehicles, ride hailing and e-scooters and e-bikes. It also includes: electrification (electric vehicles, charging/batteries); fleet management and connectivity (connectivity, data management, cybersecurity, parking, fleet management); auto commerce (car sharing); transportation logistics (freight, last-mile delivery); and urban air mobility.
Promised solutions, emerging problems
Much of the interest in mobility technology is coming from individuals outside the transport arena. Startups are attracting investors by claiming their technology will solve many of our transport problems.
Micromobility companies believe their e-scooters and e-bikes will solve the “<a href="https://www.propertyobserver.com.au/https://ascelibrary.org/doi/abs/10.1061/9780784413210.007" target="_blank">first-mile last-mile</a>” problem by enabling people to move quickly and easily between their homes or workplaces and a bus or rail station. While this might work in theory, it depends on having <a href="https://theconversation.com/fork-in-the-road-as-danish-and-dutch-style-cycle-routes-spread-19744" target="_blank">safe and segregated bicycle networks</a> and <a href="https://theconversation.com/people-love-the-idea-of-20-minute-neighbourhoods-so-why-isnt-it-top-of-the-agenda-131193" target="_blank">frequent and widely accessible public transport</a> services.
Ride-hailing services might relieve people of the need to own a car. But <a href="https://www.som.com/ideas/publications/som_thinkers_the_future_of_transportation" target="_blank">there is evidence</a> to suggest these services are <a href="https://www.wsj.com/articles/the-ride-hail-utopia-that-got-stuck-in-traffic-11581742802" target="_blank">adding to traffic congestion</a>. That’s because, unlike taxis, more of their time on the road involves travelling without any passengers.
Navigation tools (Google Maps, Apple Maps, Waze) have <a href="https://en.wikipedia.org/wiki/Google_Maps" target="_blank">been around longer</a> than most other mobility technologies and are meant make it easier to find the least-congested route for any given trip. However, <a href="https://people.eecs.berkeley.edu/%7Etheophile/docs/publications/Cabannes_19_ACM.pdf" target="_blank">research</a> suggests these tools might not be working as intended. The <a href="https://www.som.com/ideas/publications/som_thinkers_the_future_of_transportation" target="_blank">backlash</a> against them is growing in some cities because traffic is being directed onto neighbourhood streets rather than arterial roads.
Autonomous vehicles have the goal of reducing injuries and deaths from car crashes. Only a few years ago many bold predictions were being made that these self-driving vehicles would be having positive impacts by now, but this hasn’t happened. The enthusiasm for autonomous vehicles has cooled. <a href="https://www.vtpi.org/avip.pdf" target="_blank">Some now believe</a> we won’t see many of the social benefits for decades.
The final mobility tech area is known as mobility as a service (<a href="https://en.wikipedia.org/wiki/Mobility_as_a_service" target="_blank">MAAS</a>). It’s basically a platform designed to make better use of existing infrastructure and transport modes. MAAS begins with a journey planner that is linked to one-stop payment for a range of mobility services – ride-hailing, e-scooters, e-bikes, taxis, public transport, and so on.
MAAS is the newest entrant in the mobility tech field. It has attracted US$6.8 billion to date, but is expected to grow to <a href="https://www.marketsandmarkets.com/Market-Reports/mobility-as-a-service-market-78519888" target="_blank">over US$100 billion by 2030</a>. This idea is creating great enthusiasm, not only among private entrepreneurs, but also in the public sector. It’s too early to know whether it will improve transportation.
3 trends are driving investment
So, why do venture capitalists <a href="https://www.forbes.com/sites/johnfrazer1/2019/03/11/new-mobility-worth-billions-venture-capital-thinks-so/#198cda2247d8" target="_blank">continue to show so much interest</a> in mobility technology startups despite poor company performance to date? It appears they believe personal mobility will become increasingly important. <a href="https://www.forbes.com/sites/johnfrazer1/2019/03/11/new-mobility-worth-billions-venture-capital-thinks-so/#198cda2247d8" target="_blank">Three trends</a> support this belief.
First, urban dwellers increasingly value the ability to move around easily. It’s thought to be a key ingredient for a liveable city. The problem is public transport is often not very good, particularly in the US and in outer suburbs in Australia.
This is due to historically low funding relative to roads. The prospect of more funding and better public transport services in the future is not good. In part that’s because many <a href="https://www.vox.com/2015/8/10/9118199/public-transportation-subway-buses" target="_blank">view public transport as welfare</a> and not an essential public service. Thus, if cities want to become more liveable and competitive, they must look beyond government-funded public transport for other mobility alternatives.
The second trend is declining vehicle ownership. Since 1986 US sales of car and light trucks per capita have dropped by <a href="https://www.advisorperspectives.com/dshort/updates/2020/02/04/vehicle-sales-per-capita-our-latest-look-at-the-long-term-trendh" target="_blank">almost 30%</a>. In Australia, new car sales <a href="https://www.budgetdirect.com.au/car-insurance/research/australian-car-sales-statistics" target="_blank">remained relatively constant</a> over the past decade, but a <a href="http://www.roymorgan.com/findings/7982-new-vehicle-purchase-intention-march-2019-201905240039" target="_blank">decline since 2017 is expected to continue</a>. These trends are due in part to the cost of owning a vehicle, but also because of a growing view that owning a car may not be necessary.
This brings us to the third trend, which involves demographics and the <a href="https://theconversation.com/delay-in-getting-driving-licences-opens-door-to-more-sustainable-travel-57430" target="_blank">post-millennial desire for access to mobility</a> services <a href="https://theconversation.com/car-ownership-is-likely-to-become-a-thing-of-the-past-and-so-could-public-transport-110550" target="_blank">rather than vehicle ownership</a>.
These trends, combined with expectations of an upward trend in prices of these services, suggests there may be good times ahead for ride-hailing and micromobility companies. It also means venture capital funding for these startups will not be diminishing in the near future.
The future of transport isn’t simple
Transport systems are multifaceted. No one single app or technology will solve the challenges. And, as we are discovering, some of the purported solutions to problems might actually be making the situation worse.
If the goal is to get people out of their cars (for <a href="https://theconversation.com/designing-suburbs-to-cut-car-use-closes-gaps-in-health-and-wealth-83961" target="_blank">better health and quality of life and a better environment</a>), this will require more than a technology. Better infrastructure and public policies (including better integration of land uses and transport to reduce the need for transport) will be required – <a href="https://theconversation.com/three-charts-on-why-congestion-charging-is-fairer-than-you-might-think-124894" target="_blank">congestion pricing</a> being one of those.
That is not to say technological innovations are not welcome as part of the solution, but they are just that … “part” of the solution.<img src="https://counter.theconversation.com/content/131154/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/neil-g-sipe-346144" target="_blank">Neil G Sipe</a>, Adjunct Researcher in Transport and Planning, <a href="https://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/billions-are-pouring-into-mobility-technology-will-the-transport-revolution-live-up-to-the-hype-131154" target="_blank">original article</a>.
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Billions are pouring into transportation technology, will it pay off?

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

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