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Hobart resales of properties over the June 2019 quarter generated $185.0 million in profits and $1.6 million in losses, according to the latest findings from CoreLogic's Pain &amp; Gain report.
Based on these figures, Hobart accounted for 1.1% of profits nationally over the quarter and 0.2% of losses.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOB%201.JPG" alt="">
Sorell had no resales at a loss over the quarter and Glenorchy and Hobart had less than 2% of resales at a loss.
Brighton was the only region of Hobart in which more than 5% of resales were at a loss over the quarter.
Values in Hobart are increasing at a much slower pace relative to recent years.
CoreLogic said it would expect the share of resales at a loss will be fairly steady over the coming quarters.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20HOB%202.JPG" alt="">
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j.ballantyne1990-6AQqhLzZaK

Hobart property resale losses remain low despite market slowdown: CoreLogic Pain & Gain Report

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EXPERT OBSERVATION
An increase in investor activity in the latter half of 2019 has stirred the interest of first home buyers and owner-occupiers as they return to the property market.
Last year, RiskWise Property Research detailed the effect investors had on the market and how their response to market forces affected that of owner-occupiers.
When the “investor bulls” left the market so too did the energy which drives it.
Investors were always significantly more sensitive than owner-occupiers to changes in out-of-pocket expenses, driven by interest rate fluctuations, changes in legislation or other events.
At the moment investor interest is aroused, and we are seeing more activity. And when this market is going up this has a very material impact on the residential market, particularly in Sydney and Melbourne.
The impact of investor activity on the housing market has been clearly demonstrated over a prolonged period which included the global financial crisis, the boom and subsequent downturn in resources construction, and increases and decreases to mortgage rates.
Right now, thanks to low interest rates, more relaxed credit restrictions, the election results (ruling out the feared taxation changes), APRA's changes to the floor assessment and tax cuts, we are seeing a return in confidence in the market and, consequently, for higher clearance rates and higher prices.
Improved auction clearance rates and consumer confidence are creating a very clear trend, that will consequently lead to price increases and a rise in auction clearance volumes, as sellers expect stronger demand for their properties and, therefore, are more confident to put them on the market.
The Westpac Consumer Confidence Index on House Price Expectations Index saw a dramatic rise from October last year to October 2019 of 36.1 per cent. Since May it has risen a whopping 54.4 per cent, with a 5.9 per cent rise in October alone. The biggest gains over the last two months were in NSW at 12.5 per cent and Victoria at 16.6 per cent.
Investor activity reached its recent peak in NSW at 46.6 per cent in Jan 2017 and over the past two years has fallen to 32 per cent. In Victoria it went from 35.5 per cent in March 2017 to 26.7 per cent in August 2019. And while these state figures are well correlated with those in Sydney and Melbourne, investor activity is slowly recovering.
The RBA's three interest rate cuts and other improvements have led to improved serviceability and lower out-of-pocket costs for investors and this is likely to drive a significant increase in investor activity.
CoreLogic figures for October show the nation's median dwelling value lifted 0.9 per cent to $524,744 in September, with median property values in Sydney and Melbourne jumping 1.7 per cent last month, reaching $805,424 and $634,913 respectively.
While the potential of taxation changes had diminished investor activity in the market, the election results ensured this particular risk had been removed.
However, construction defect faults in Sydney and Melbourne high rises meant investors were targeting more family-suitable homes.
Also, the potential taxation changes put forward by Labor exposed investors to a tangible risk over investment properties not suitable for owner-occupiers, especially as they would also have created primary and secondary markets, significantly impacting dwelling prices.
We must also take into account that some areas in Sydney and Melbourne have significant unit oversupply and underperform the market which again drives investors towards properties that enjoy a more stable demand, particularly properties which are more suited to families.
He said the number one indicator for market sentiment was investor lending finance (excluding refinancing).
If you see a material increase in investor activity, you will also see the annual rate of dwelling price growth accelerate significantly.
The bottom line is that the more investors there are in the market, the stronger price growth.
DORON PELEG is the RiskWise CEO
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Investors return to the market provides a much-needed boost: RiskWise's Doron Peleg

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GUEST OBSERVATION
The New South Wales Bureau of Crime Statistics and Research (BOCSAR) recently claimed Sydney’s alcohol licensing regulations, commonly known as lockout laws, reduced non-domestic assaults by 13% in the CBD.
Its calculation relied on a decision to allocate 1,837 of these offences to both Kings Cross and the CBD – that is, double-counting the data.
<a href="https://www.parliament.nsw.gov.au/ladocs/submissions/63631/Submission%20734%20-%20Centre%20for%20Translational%20Data%20Science,%20University%20of%20Sydney.pdf" target="_blank">Our analysis</a> found this decision was critical to the conclusion that assaults decreased in the CBD. For every other choice about the areas to which offences data were allocated and type of analysis we found no decrease.
<img src="https://images.theconversation.com/files/298452/original/file-20191024-119433-7qnb4k.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Map of Sydney and the entertainment precincts as used by BOCSAR in its analysis: blue – CBD entertainment precinct; red – Kings Cross entertainment precinct; green – nearby displacement areas; yellow – outer displacement areas.
<a href="https://www.parliament.nsw.gov.au/ladocs/submissions/63631/Submission%20734%20-%20Centre%20for%20Translational%20Data%20Science,%20University%20of%20Sydney.pdf%5D" target="_blank">Our findings</a> highlight an important question: how do the choices of data collection, pre-processing and analysis affect policy decisions?
The allocation of crimes to areas is just one of several choices made when using data to assess policy impacts. Other choices include how to measure violent crime, what time period to consider and the geographical extent of the areas to include. The question is: if other choices were made, would the results affect a <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-09-08/sydney-lockout-laws-rolled-back/11489806" target="_blank">decision to repeal or continue the laws</a>?
Our findings point to the need to follow a couple of principles when using data to inform policymaking. First, the institution that collects data and the institution that analyses the data should be independent of each other. Second, we need as much transparency about the data and its analysis as possible.
So what exactly did the analyses show?
BOCSAR chose to use monthly non-domestic assaults from 2009 onwards. There is nothing wrong with these choices, but others could have been made.
For instance, why from 2009 onwards, not from 2005? Why monthly, not daily? Why reported non-domestic assaults, not reported assaults causing grievous bodily harm? Why divide the area into the CBD and Kings Cross only?
One way of assessing the impact of such choices is to use different subsets of data, different types of data pre-processing and different statistical and/or machine-learning techniques. If the conclusion still remains the same, then our decision is robust to this source of variability. If not, we need to understand why.
For the Kings Cross precinct, the analysis by the Centre for Translational Data Science at the University of Sydney showed the conclusion remained unchanged irrespective of the frequency and period over which data were collected and the analysis performed. Non-domestic assaults had declined following the introduction of the lockout laws in 2014.
For the CBD the reverse was true. Only if we make exactly the same choices as BOCSAR, in particular allocating 1,837 crimes to both the CBD and King Cross, could we conclude non-domestic assaults had decreased very slightly.
Under all other variations of the analyses, including data, methodology and spatial allocation of that data, we found no decrease. Non-domestic assaults in the CBD had been decreasing since 2008 and, if anything, more slowly after the lockout laws took effect.
So why was the inclusion of 1,837 crimes so critical to the conclusions about the CBD?
Using data provided by BOCSAR, we plotted the most likely location of those 1,837 crimes. Figure 1 shows these crimes occurred mainly in Kings Cross, an area in which the crime rate had fallen since 2014. We say “most likely location” because we have yet to receive the additional data we requested from BOCSAR to help us locate exactly where these crimes occurred.
<a href="https://images.theconversation.com/files/298427/original/file-20191023-119429-qgf5xh.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/298427/original/file-20191023-119429-qgf5xh.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Counts of crimes (per SA1 region) that were assigned to both the CBD and Kings Cross. Centre for Translational Data Science, Author provided
With the removal of those 1,837 crimes from the CBD, we detected no decrease in non-domestic assaults. But BOCSAR apparently did. After removing those crimes from the CBD, BOCSAR released an <a href="https://www.bocsar.nsw.gov.au/Documents/BB/2019-Report-Effect-of-lockout-and-last-drinks-laws-on-assaults-BB142.pdf" target="_blank">updated report</a> to a <a href="https://www.parliament.nsw.gov.au/committees/listofcommittees/Pages/committee-details.aspx?pk=260" target="_blank">parliamentary inquiry into Sydney’s night-time economy</a>. This report claimed assaults in the CBD decreased by 4% (much less than the original 13%).
The committee then asked for our <a href="https://www.parliament.nsw.gov.au/ladocs/other/12591/Centre%20for%20Translational%20Data%20Science.pdf" target="_blank">comments</a>. We found the report did not provide a confidence interval for this decrease. Yet the report made a virtue of reporting uncertainty estimates for other quantities and elsewhere it claimed “statistically significant” results.
We replicated BOCSAR’s analysis and found the change in crime could have been as low as a 12% decrease and as high as a 6% increase. In other words, the result is “statistically insignificant”.
What are the implications for making policy?
Why does this matter? There are two reasons.
First, the danger in not explaining, quantifying and reporting uncertainty is that the public loses trust in data-driven policymaking. Only if conclusions acknowledge and explain the uncertainty inherent in inferring complex quantities from data can we make robust and explainable policy decisions that build trust with the public.
Second, if we don’t accept and report uncertainty we could stop looking for other explanations. We might then fail to achieve an outcome that everyone wants: a reduction in violence and a healthy night-time economy.
How do we proceed from here? We’d make two recommendations:
<ol>
<li>
The institution that collects and curates the data should be distinct, informed but independent from the institution/s that analyse the data.
</li>
<li>
There should be as much data transparency as possible, which would enable different groups to perform different types of analyses, using different sources of data.
</li>
</ol>
We are almost certain these different groups would produce different findings, but the subsequent discussion could provide insights that move us closer to more robust and acceptable policy decisions.
To <a href="https://www.brainpickings.org/2012/08/27/richard-feynman-on-the-role-of-scientific-culture-in-modern-society/" target="_blank">quote</a> Nobel Prize-winning physicist Richard Feynman: "If we will only allow that, as we progress, we remain unsure, we will leave opportunities for alternatives … to make progress, one must leave the door to the unknown ajar."
The <a href="https://www.parliament.nsw.gov.au/ladocs/inquiries/2519/Report%20-%20Sydneys%20night%20time%20economy.pdf" target="_blank">parliamentary committee’s recommendation</a> that BOCSAR and the Centre for Translational Data Science work together more closely appears to do just that. We look forward to an ongoing collaboration to further our understanding of the drivers of violent crime.<img src="https://counter.theconversation.com/content/125227/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;">
Sally Cripps, Professor of Statistics, Director of Centre for Translational Data Science, <a href="http://theconversation.com/institutions/university-of-sydney-841" target="_blank">University of Sydney</a>.
Roman Marchant, Senior research fellow and lecturer, <a href="http://theconversation.com/institutions/university-of-sydney-841" target="_blank">University of Sydney</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/sydney-lockout-laws-review-highlights-vital-role-of-transparent-data-analysis-125227" target="_blank">original article</a>.
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Sydney lockout laws review highlights vital role of transparent data analysis

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AVID Property Group has taken ownership of residential developer Villa World Limited, positioning the new combined business amongst the top 10 land developers in the country.
The $410 million acquisition will see AVID’s portfolio increase from 10 to 37 projects and more than 12,000 residential lots, securing a gross revenue pipeline of $4.7 billion.
AVID CEO Cameron Holt takes the helm of the new combined business, which see a broadening in the range of house and land offers for future home buyers.
“The success of this acquisition firmly positions the company up there as a key national residential property contributor,” Holt said.
Holt said a new executive team combines leaders from both AVID and Villa World.
“All of our leaders share a deep passion for their teams, their customers and for driving quality and innovation, which will support this exciting growth phase,” he said.
With an expanded residential portfolio and geographic footprint across Australia’s eastern seaboard, AVID and Villa World will continue to operate under both brands.
Villa World ceased trading on the ASX on October 16, 2019 following a majority shareholder vote in favour of the acquisition.
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AVID acquires Villa World, now 'Top 10' land developer

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GUEST OBSERVATION
Australia is witnessing the first major redesign of the payphone booth since 1983. But Telstra’s new vision is meeting resistance from some councils, and the matter is in the courts.
In an effort to make payphones relevant to the needs of modern Australians, Telstra’s revamped payphones feature mobile charging, Wi-Fi access through <a href="https://www.telstra.com.au/telstra-air" target="_blank">Telstra Air</a> (free or via a Telstra broadband plan, depending on the area), and large digital advertising displays.
Sydney’s Lord Mayor Clover Moore <a href="https://www.theguardian.com/business/2019/oct/20/telstra-and-city-councils-head-to-court-over-new-3m-tall-phone-booths" target="_blank">described</a> the new booths as “a craven attempt” to profit from “already crowded CBD footpaths”, and a “Trojan horse for advertising”.
Under existing Universal Service Obligation (USO) agreements, Telstra has to provide payphones as part of its standard telephone service. The USO is a consumer protection measure that ensures everyone has access to landline telephones and payphones, regardless of where they live or work. Telstra is the sole provider of USO services in Australia.
The USO is funded through an industry levy administered by the <a href="https://acma.gov.au/Industry/Telco/Carriers-and-service-providers/Universal-service-obligation/payphones-universal-service-obligation-acma" target="_blank">Australian Communications and Media Authority</a>. This means registered carriers with revenues over A$25 million per year contribute to the levy, including Telstra.
The face of the new Aussie payphone
In a <a href="https://exchange.telstra.com.au/modernising-payphones/" target="_blank">blog post</a> last March, a Telstra employee said the new “<a href="https://www.telstra.com.au/consumer-advice/payphones/smart-payphone" target="_blank">smart payphones</a>” provided emergency alerts, multilingual services, and content services including public transport information, city maps, weather, tourist advice, and information on cultural attractions.
The booths are 2.64 metres tall, 1.09 metres wide, and are fitted with 75-inch LCD screens on one side. In 2016, 40 payphones were approved by City of Melbourne planners and installed over the following year, marking the start of Telstra’s plans for a nationwide rollout.
Telstra’s submission to the city claimed the booths were “low-impact” infrastructure and therefore planning approval was not required, in accordance with the <a href="https://www.legislation.gov.au/Series/C2004A05145" target="_blank">Telecommunications Act 1997 (Cth)</a>.
In 2017, Telstra and outdoor advertising company JC Decaux <a href="https://www.jcdecaux.com.au/press-releases/jcdecaux-renews-long-term-partnership-telstra-reinvent-payphone-australia" target="_blank">announced</a> a partnership to “bring the phone box into the 21st century”.
It would initially have 1,860 payphones upgraded in Sydney, Melbourne, Brisbane, Adelaide and Perth. These five cities represent 64% of the country’s population and 77% of advertising spend.
Taking matters to court
Earlier this year, Telstra’s application for 81 new booths was blocked by the City of Melbourne, and the city commenced proceedings in the Victorian Civil and Administrative Tribunal to have the booths redefined as not being low-impact.
Given the council allowed 40 booths to be installed in 2017, it’s unclear why its position has since changed.
In May, Telstra hit back by starting federal court proceedings against the council in an effort to overturn prior proceedings. In June, the Brisbane and Sydney city councils joined the City of Melbourne as co-respondents.
Melbourne Councillor and Chair of Planning Nicholas Reece said the new payphones would create congestion on busy footpaths, describing them as “monstrous electric billboards masquerading as payphones”.
He said the booths were “part of a revenue strategy for Telstra”.
But Telstra <a href="https://exchange.telstra.com.au/modernising-payphones/" target="_blank">claims</a> the new payphones are only 15cm wider than previous ones. A company spokesperson said the extra size was necessary to accommodate fibre connections and other equipment needed to operate the booth’s services.
Who pays for, and profits from, payphones?
In 2017, a Productivity Commission inquiry into the USO <a href="https://www.pc.gov.au/inquiries/completed/telecommunications/report" target="_blank">reported</a> an average annual subsidy of A$2,600-50,000 per payphone, funded through the industry levy.
But the levy doesn’t cover the cost of installing and providing advertising on booths. Also, Telstra’s advertising-generated revenue doesn’t directly offset the cost of installing and operating the payphones.
Telstra has advertised on its payphones for the past 30 years. But display screens for advertising on new booths are <a href="https://participate.melbourne.vic.gov.au/advertising-payphones" target="_blank">60% larger</a> than previous ones.
The City of Melbourne is concerned because <a href="https://www.sgsep.com.au/publications/insights/the-economics-of-walking-deserves-far-more-attention" target="_blank">commissioned research</a> by SGS Economics and Planning estimates a 10% reduction in pedestrian flow because of the new booths. This would happen as a result of people getting distracted by the payphone advertising, and would cost the city A$2.1 billion in lost productivity.
That said, federal legislation doesn’t prevent Telstra from placing advertising on payphones. So the existing court case could hinge on Melbourne city council’s argument that by increasing the size of digital displays, Telstra’s new payphones are no longer low-impact.
The outcome should be known early next year.
Do we still need payphones?
At a time when consumers and businesses use about <a href="https://www.accc.gov.au/media-release/new-report-tracks-internet-activity-on-mobile-and-fixed-lines" target="_blank">24.3 million mobile handsets</a>, it’s reasonable to <a href="https://theconversation.com/will-australias-digital-divide-fast-for-the-city-slow-in-the-country-ever-be-bridged-60635" target="_blank">question whether</a> payphones are still required.
The number of payphones in operation today is sharply down compared with the payphone’s heyday in the early 1990s, when more than 80,000 could be found across Australia.
But there’s strong evidence they continue to supply a vital public service.
<a href="https://images.theconversation.com/files/298804/original/file-20191027-113991-16vo5j8.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/298804/original/file-20191027-113991-16vo5j8.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Telstra’s payphones operate in many small regional communities such as Woomera, South Australia. It has a population of less than 200 people. georgiesharp/flickr
Currently, Telstra provides more than 16,000 public payphones. Last year, these were used to make about 13 million phone calls, of which about 200,000 were emergency calls to 000.
So regardless of the verdict on the Telstra case, the public payphone is and will continue to be an iconic and integral part of our telecommunications landscape.<img src="https://counter.theconversation.com/content/125815/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;">
Mark A Gregory, Associate professor, <a href="http://theconversation.com/institutions/rmit-university-1063" target="_blank">RMIT University</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/telstras-new-high-tech-payphones-are-meeting-resistance-from-councils-but-why-125815" target="_blank">original article</a>.
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Telstra’s new high-tech payphone are meeting resistance from councils, but why?

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Diamond Creek Estate, a 40 hectare property set among vineyards in the Southern Highlands of NSW has hit the market.
The north facing property at <a href="https://www.realestate.com.au/property-acreage+semi-rural-nsw-mittagong-132128922" target="_blank">292 Diamond Fields Road, Mittagong</a> has been offered for sale with $6.5 million hopes through Chantal Hooper at Pillinger Double Bay.
Surrounded by established gardens, the main residence comprises five bedrooms, four bathrooms and wide verandahs.
There is another separate two bedroom bluestone cottage. 
<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/2019/10/15/mittagong%202.jpg" alt="">
Other features include six car basement garage, wine cellars, gas heated pool, central courtyard and uninterrupted views.
Diamond Creek Estate comes with 6 hectare vines, 4 hectare olive groves, 24 hectare pastures, dams, machinery shed and water tanks. 
<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/2019/10/15/mittagong%203%20.jpg" alt="">
The property offers opportunities for both rural and commercial uses. 
It is located only minutes to Mittagong and Bowral. 
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Southern Highlands estate set amongst vineyards and olive groves listed 

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The ANZ has seen a sharp boost in its home loan applications.
It credits some of the success to its recent advertising campaign featuring The Hoff.
The marketing was along the lines that the "offer so good" you didn't need a celebrity.
ANZ ran a cheesy campaign featuring David Hasselhoff to promote a home loan that offers bonus Qantas Points. 
This campaign promises 300,000 bonus Qantas Points for an ANZ home loan of $300,000 or more.
<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/2019/10/31/ANZ%20home%20loan%20application%20trend.jpg" alt="">
They've also trimmed their interest only portfolio significantly over the last two years.
Owner occupier interest only loan amounts have dropped from $33 billion to $14 billion over two years.
Investors interest only loans have dropped by nearly half, down from $49 billion in 2017 to $26 billion in 2019.
<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/2019/10/31/ANZ%20housing%20portfolio.jpg" alt="">
Owner occupier principal and interest has grown over the year, with $156 billion worth of loans rising to $164 billion.
Investor principal and interest also rose by $5 billion in the last 12 months.
The details came when the ANZ reported its latest profit, $6.47 billion, which analysts said was flat.
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The Hoff boosts ANZ home loan applications as IO borrowers drop away

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The Federal Court has frozen the assets belonging to Chinese businesswoman Min Wang, whose company is redeveloping the Swanston Central precinct in Melbourne. 
The assets frozen by the Federal Court judgment include a Normanby Street, Brighton home, an 2014 Aston Martin, a 2016 Rolls Royce, and a $106 million loan from a family trust.<source media="(min-width: 1180px)" data-pb-im-config='{"aspectRatio":0.666667,"type":"portrait2x3","width":220,"urls":["https://static.ffx.io/images/$zoom_1.488%2C$multiply_0.582%2C$ratio_0.666667%2C$width_378%2C$x_98%2C$y_0/t_crop_custom/e_sharpen:25%2Cq_85%2Cf_auto/4b01223f785235ea084276adf0131248d78379c4"," https://static.ffx.io/images/$zoom_1.488%2C$multiply_1.164%2C$ratio_0.666667%2C$width_378%2C$x_98%2C$y_0/t_crop_custom/e_sharpen:25%2Cq_42%2Cf_auto/4b01223f785235ea084276adf0131248d78379c4 2x"]}' srcset="https://static.ffx.io/images/$zoom_1.488%2C$multiply_0.582%2C$ratio_0.666667%2C$width_378%2C$x_98%2C$y_0/t_crop_custom/e_sharpen:25%2Cq_85%2Cf_auto/4b01223f785235ea084276adf0131248d78379c4, https://static.ffx.io/images/$zoom_1.488%2C$multiply_1.164%2C$ratio_0.666667%2C$width_378%2C$x_98%2C$y_0/t_crop_custom/e_sharpen:25%2Cq_42%2Cf_auto/4b01223f785235ea084276adf0131248d78379c4 2x"></source>
The Australian Taxation Office issued an assessment to Ms Wang totalling $103 million for the 2015 and 2016 years.
It is the second major tax dispute involving a Chinese property developer after billionaire Huang Xiangmo had his assets frozen over a $141 million tax debt.
Ms Wang and her husband, Liang Chen operate the Shandong Hengyi Group.
<div id="endOfArticle" class="_3PsH9">
The Melbourne-based Hengyi is developing 1000 apartments in the 72-storey tower in Swanston Street.
Ms Wang started in property development in Australia in 2010.
In 2014, she, Mr Chen and their children were granted permanent visas under Australia's business talent scheme.
The October 28 freezing order has been extended on until November 25.
The judgment by Justice Davies says there was "sufficient basis on which to be satisfied that there is a danger that assets may be dissipated in order to frustrate recovery."
"The amount of tax liability is very significant in circumstances where she has both the means and the motive to remove assets because of her control of each of the corporate entities and of the trusts of which those corporate entities are trustees," it says.
There was allegations that Ms Wang made false statements in her income tax returns for the 2014 and 2015 income years about her interests in China by saying she did not have assets outside Australia valued at $50,000 or more or an interest in any foreign controlled company, the judgment says.
"There is also evidence that Ms Wang gave misleading information to the Australian Taxation Office concerning the funding of the purchase and development of the property at 199 William Street, Melbourne by Hengyi Australia, a company of which Ms Wang is a sole director and shareholder," the judgment says.
"The evidence discloses that Ms Wang has experience in international financial dealings and a history of transferring assets and liabilities between related parties.
"She also has a history of not putting commercial agreements between related parties into writing."
The order does not prohibit Wang paying herself up to $1,000 a week in ordinary living expenses and paying reasonable legal expenses.
</div>
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Swanston Central Chinese developer's assets frozen by ATO over $103m tax bill

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GUEST OBSERVATION
In the past two decades there has been an unprecedented increase in the area of blue gum (Eucalyptus globulus) plantations in southern Australia.
In southwest Victoria alone, some additional <a href="https://www.wildlife.vic.gov.au/our-wildlife/koalas/koalas-in-blue-gum-plantations" target="_blank">80,000 hectares</a> of commercial blue gum have been planted.
This expansion has significantly increased the habitat available for koalas. In fact, my research, published in the journal <a href="https://www.sciencedirect.com/science/article/pii/S0169204619302257?utm_campaign=STMJ_75273_AUTH_SERV_PPUB&amp;utm_medium=email&amp;utm_dgroup=Email1Publishing&amp;utm_acid=415453513&amp;SIS_ID=2363&amp;dgcid=STMJ_75273_AUTH_SERV_PPUB&amp;CMX_ID=&amp;utm_in=DM593500&amp;utm_source=AC_30" target="_blank">Landscape and Urban Planning</a>, has found there are more koalas in plantations than in surrounding native habitat.
More koalas may seem like a good thing, but perversely this could ultimately harm their welfare (and the welfare of other native animals and plants), and disrupt the plantation industry.
Plantations
Koalas are <a href="https://www.wildlife.vic.gov.au/our-wildlife/koalas/koalas-in-blue-gum-plantations" target="_blank">protected in Victoria</a>, so when plantation managers harvest the mature trees they must have a permit and a koala management plan. These plans focus on locating koalas, ensuring that the trees koalas are sitting in at harvest are not felled, and post-harvest surveys to find any injured koalas.
However, these plans don’t consider where the koalas go after the plantation has been cut down, and what effects their movement has on the landscape and surrounding native vegetation.
<a href="https://images.theconversation.com/files/298648/original/file-20191025-115721-1w9niyt.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/298648/original/file-20191025-115721-1w9niyt.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
A recently harvested blue gum plantation showing remnant trees left due to koalas. Author provided
To work out how factors such as plantation cover affect koala populations, my colleagues and I surveyed 72 sites across southwest Victoria. We found more koalas in plantations than in blocks of native vegetation or in native roadside vegetation.
We then spatially modelled koala numbers for the region, and found several high-priority areas for population management, as well as significant conservation habitat for koalas and other wildlife in the region that overlap with high koala population densities.
Our mapping predicted high koala numbers in the southeast, where there are important remnant bushland areas such as Kurtonitj Indigenous Protected Area and Mount Napier State Park. This highlights the importance of considering the overall landscape when establishing and harvesting plantations, and the arrangement of plantations near remnant forest.
Harvest rates in much of southwest Victoria are set to increase. This may result in increased koala numbers in the native vegetation surrounding harvested sites, which could then put pressure on food trees in remnant forests.
Local landholders are already seeing the effect of more koalas on native vegetation. Many trees on private land or beside roads are being stripped of leaves.
<a href="https://images.theconversation.com/files/298649/original/file-20191025-115772-1k2prql.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/298649/original/file-20191025-115772-1k2prql.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Canopy defoliation of remnant trees due to increased numbers of koalas in south-west Victoria. Author provided
More koalas are also likely to mean more injuries or other welfare issues. As plantations have a responsibility to avoid these, koala injuries could threaten the future of one of the main industries in this region. More than 4,000 people are <a href="http://inform.regionalaustralia.org.au/industry/agriculture-forestry-and-fisheries/item/green-triangle-plantation-timber-2011-and-beyond" target="_blank">directly employed</a> in the regional forestry industry, with a further 4,500 in associated service industries.
The bigger picture
To meet this challenge, we argue management plans need to consider the larger landscape. What native forest is near a plantation? Where are the koalas likely to go after the harvest? How might they affect other native species?
<a href="https://images.theconversation.com/files/298650/original/file-20191025-115739-ddg4fi.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/298650/original/file-20191025-115739-ddg4fi.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
A female koala being released in Bessiebelle, south-west Victoria, after undergoing a health check. Esther Wong, Author provided
Such plans could include some areas of plantations set aside for koala habitat, harvesting plans that consider adjacent habitat that koalas may move into, or increasing areas of native food trees. These would all benefit other wildlife in the area, as well as koalas.
Currently, there is something of a negative feedback loop in southwest Victoria. When plantations are established koalas move in and reproduce. When plantations are later harvested, the koalas move into surrounding areas. As a result, populations can rapidly increase in some areas, affecting native trees and creating welfare issues for the forest industry.
We have seen the devastating effects high density koala populations can have on native forests in places like <a href="https://theconversation.com/victorian-koalas-are-eating-themselves-out-of-house-and-home-38585" target="_blank">Cape Otway</a>, which saw mass starvation and widespread forest death in 2013 and 2014. Current state regulations could disrupt the forestry industry, especially with koala numbers increasing in plantations but with no plan to really manage koala numbers in southwest Victoria in sight.<img src="https://counter.theconversation.com/content/125558/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
Kita Ashman, PhD candidate in koala conservation, Deakin University.
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/the-blinky-bill-effect-when-gum-trees-are-cut-down-where-do-the-koalas-go-125558" target="_blank">original article</a>.
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The Blinky Bill effect: when gum trees are cut down, where do the koalas go?

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GUEST OBSERVATION
Environment Minister Sussan Ley yesterday announced a 10-yearly review of Australia’s national environmental laws. It could not come at a more critical time, as the environment struggles under unprecedented development pressures, climate change impacts and a crippling drought.
The laws, formally known as the Environmental Protection and Biodiversity Conservation <a href="https://www.environment.gov.au/epbc/about" target="_blank">EPBC</a> Act, have been in place for 20 years.
Announcing the review, Ley <a href="https://www.theguardian.com/environment/2019/oct/29/review-of-federal-environment-laws-will-cut-green-tape-and-speed-up-approvals" target="_blank">said it would “tackle green tape”</a> and reduce delays in project approvals. She said the laws must remain “fit for purpose” as our environment changes.
Serious declines in most biodiversity indicators strongly suggest the laws are not fit for purpose. Some <a href="https://conbio.onlinelibrary.wiley.com/doi/full/10.1111/csp2.117" target="_blank">7.7 million hectares of endangered species habitat</a> has been destroyed since the Act was established and the lists of threatened and endangered species <a href="https://soe.environment.gov.au/theme/biodiversity" target="_blank">continue to grow</a>.
The review should ensure Australia’s environmental law achieves what it was designed to do - protect our precious natural places.
The list below reflects the EPBC Act priorities of 70 environmental lawyers and practitioners who were polled by the National Environmental Law Association. Collectively, they have more than 500 years experience of the Act’s operation.
1. Independent decisions with clear criteria
Under the laws, proponents of activities likely to have big impacts on so-called “matters of national environmental significance” must get federal approval. The minister or a representative makes this decision and, in the overwhelming majority of cases, grants approval.
This approval power should be vested in an independent body to take the politics out of decisions. Criteria for deciding on approvals should be clearer, including thresholds for when applications must be refused on environmental grounds.
2. Take stock of cumulative impacts
A search of the EPBC Act will not find any reference to cumulative impacts, or the need to consider whether approval of one proposal is likely to lead to a raft of new projects being proposed. There is little scope to consider cumulative impacts that might happen in future — only when a new proposal constitutes the straw that breaks the camel’s back.
The Act must do better at considering both how proposed activities and future plans will interact, and the background processes of environmental change and decline.
3. Provide funds for proper enforcement
Improving the content of the Act is one thing, but monitoring, compliance and enforcement are critical. There is little point imposing tough conditions if no one is there to ensure they are met. This demands an ongoing sustainable funding base that is not dependent on political budget priorities.
4. Better data and transparency
Access to information about environmental decisions is essential for good governance. Not all documents and decisions are publicly available. It is very difficult to track down detailed aspects of approval conditions – for example, the detail of the groundwater management and monitoring plan for the Adani coal mine. This is especially important when the department’s capacity to oversee compliance is so constrained.
The Act should consider the need for public registers of all documents and data collected as part of decision-making and monitoring processes, including decisions, approvals, conditions, offset locations, compliance reports and monitoring data.
5. Expand scope of national environmental impact assessment
Commonwealth involvement in environmental approvals is limited to specific “matters of national environmental significance”. Land clearing and climate change are not included in the list of such matters, and are usually considered under state laws.
This means activities that may damage native vegetation or lead to rising emissions are only scrutinised under federal law if they might affect other things, such as threatened species or world heritage places.
Also, the Act only seeks to protect water resources when the proposed project is a large coal mine or coal seam gas venture. New triggers are needed to require federal assessment and approval for all activities that might significantly affect water, native vegetation and climate change.
<img src="https://images.theconversation.com/files/299143/original/file-20191029-183116-1ihooo4.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Rare black cockatoos in Victoria. The number of threatened species has grown while the EBPC Act has been operating. THREATENED SPECIES RECOVERY HUB
6. Deal with land clearing
Habitat loss is recognised as the primary driver of species decline in Australia. Rates of land clearing <a href="http://www.publish.csiro.au/PC/PC17001" target="_blank">have increased dramatically</a> in recent years, despite the operation of the Act.
Stronger protections are needed. These must prevent further clearing of vegetation types that are not adequately conserved in Australia’s system of protected natural areas. In cases where a proponent plans to offset damage caused by their project by restoring land elsewhere, construction should be delayed until work has begun on the restoration project and conservation benefits are occurring.
7. Make strategic assessments truly strategic
Conservation planning and environmental assessment are complex. Major new initiatives can involve interacting influences and trade-offs. The Act’s so-called <a href="https://www.environment.gov.au/protection/assessments/strategic" target="_blank">“strategic assessment” process</a> to some extent accounts for this — for example it might consider development plans across a region, rather than project-by-project.
But strategic planning must occur for a wider range of activities that may have long-term impacts on conservation: for example, the Tasmanian government’s desire to open up the <a href="https://www.abc.net.au/news/rural/2013-08-06/mining-in-the-tarkine/4863892#history" target="_blank">Tarkine region to further mining</a>. The planning must also better consider spatial conflicts and account for future change.
This list is just the tip of the law reform iceberg, but addressing these priorities would be a good start. With only one environmental law expert and no environmental scientist on the newly announced panel, it remains to be seen how these priorities will be addressed, if at all.<img src="https://counter.theconversation.com/content/126021/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
Jan McDonald, Professor of Environmental Law, University of Tasmania.
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/our-nature-laws-are-being-overhauled-here-are-7-things-we-must-fix-126021" target="_blank">original article</a>.
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Protecting the places we love: here are seven ways our nature laws must be fixed

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

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>

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]

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