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GUEST OBSERVATION
Coalition minister Angus Taylor is under scrutiny for possibly intervening in the clearing of grasslands in the southern highlands of New South Wales. Leaving aside the political dimensions, it’s worth asking: why do these grasslands matter?
The grasslands in much of eastern Australia are the result of forests and woodlands cleared to “improve” the landscape (from a grazier’s point of view) to make it suitable for grazing livestock.
The “improvement” typically entails cutting trees, burning the felled timber and uprooting tree stumps, followed by ploughing, fertilising and sowing introduced grasses that are more palatable to livestock than many native grasses.
However, largely treeless native grasslands once occurred at high elevations across much of the Monaro tableland, in the area stretching between Canberra and Bombala.
The Monaro grasslands (or in scientific speak, the <a href="http://www.environment.gov.au/biodiversity/threatened/conservation-advices/natural-temperate-grassland-southern-tablelands" target="_blank">natural temperate grassland of the Southern Tablelands</a>) are in relatively dry and cold areas, particularly in upland valleys or frost hollows where cold air descends at night.
The combination of dry climate and cold restricts tree growth and instead has encouraged grasses and herbs. Native grasses such as kangaroo grass and poa tussock dominate the grasslands, but there are many other unique plants. A typical undisturbed grassland area will support 10-20 species of native grasses and 40 or more non-grass species.
The grassy plains are also home to unique cold-adapted reptiles such as the grass-land earless dragon, little whip snake, pink-tailed worm lizard and striped legless lizards. This combination of plants and animals create a unique ecological community.
<a href="https://images.theconversation.com/files/286192/original/file-20190730-43136-1v4usvm.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/286192/original/file-20190730-43136-1v4usvm.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Striped legless lizards may resemble a snake, but most of its body is actually tail. It has vestigial limbs and a non-forked tongue. Benjamint444/Wikipedia, <a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" target="_blank">CC BY-NC-SA</a>
A fraction remain
It is estimated <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/j.1442-8903.2007.00363" target="_blank">only 0.5%</a> of the area that would once have been natural temperate grasslands in the Southern Tablelands remains. The rest has been gradually “improved” <a href="https://www.propertyobserver.com.au/https://trove.nla.gov.au/work/11035501?selectedversion=NBD25432907" target="_blank">since the mid-nineteenth century</a> to make them more productive for livestock grazing.
Livestock dramatically change the composition of grasslands, as animals remove palatable plants and compact the soil under their weight. Disturbed soil and the livestock also help to <a href="https://www.propertyobserver.com.au/https://trove.nla.gov.au/work/11035501?selectedversion=NBD25432907">spread non-native weeds</a>.
However, most native grasslands have not just been modified by grazing but completely replaced by man-made pastures. That is, the land has been ploughed, fertilised and the seeds of introduced grasses have been planted.
These changes to the landscape mean much of the landscape is dominated by introduced plants and is now unsuitable for many of the native plants and animals that once lived and grew there.
Because the Natural Temperate Grassland of the Southern Tablelands is now so rare it is <a href="https://www.environment.nsw.gov.au/threatenedSpeciesApp/profile.aspx?id=20260" target="_blank">classified as critically endangered and federally protected</a>. Furthermore, many of the <a href="http://www.environment.gov.au/biodiversity/threatened/conservation-advices/natural-temperate-grassland-southern-tablelands" target="_blank">distinct plants and animals</a> that still live in these grasslands are classified as vulnerable or endangered.
<a href="https://images.theconversation.com/files/286193/original/file-20190730-186833-i4fw9q.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/286193/original/file-20190730-186833-i4fw9q.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The pink-tailed worm lizard is one of the rare species living in the native grasslands of the Southern Tablelands. <a href="https://commons.wikimedia.org/wiki/File:Pink-tailed_Worm-lizard_(Aprasia_parapulchella)_(9106371285).jpg" target="_blank">Matt Clancy/Wikimedia Commons</a>, <a href="http://creativecommons.org/licenses/by-sa/4.0/" target="_blank">CC BY-SA</a>
Some of the best remaining examples of the Monaro grasslands can be found in old cemeteries and in areas set aside as public livestock grazing areas. These areas of public land have often been spared from pasture improvement or only lightly grazed, and thus now support relatively intact native grassland ecosystems.
While, to the untrained eye the Monaro grasslands may seem unremarkable and difficult to distinguish from grazing pastures, they are deeply important. They show us what Australia once looked like, and act as a haven for native biodiversity.
Indeed, what remains of the natural grasslands is now so disturbed by agriculture there is a real threat this distinctive ecological community and many of the species it contains may disappear altogether, if they are not protected from excessive grazing, fertilisers and the plough.<img src="https://counter.theconversation.com/content/121181/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
Mike Letnic, Professor, Centre for Ecosystem Science, UNSW
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/what-are-native-grasslands-and-why-do-they-matter-121181" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

What are native grasslands, and why do they matter?

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GUEST OBSERVATION
As the dramatic shutdown of major recycling company SKM this week has illustrated, recycling is not free.
Householders in Australia pay council rates for a recycling and garbage service. This fee is largely based on the costs of collecting, sorting and processing, and – importantly – what returns are likely from selling the end product.
However, since 2017 the price on the open market for mixed plastics has <a href="https://www.sustainability.vic.gov.au/Business/Investment-facilitation/Recovered-resources-market-bulletin" target="_blank">plummeted</a> from about A$325 per tonne to A$100 per tonne. Mixed glass actually dropped to a negative value, which meant that generators were potentially paying for it to be taken away.
On the other hand, prices for high-quality recycling (not mixed materials or items contaminated with food, for example) largely remained the same or <a href="https://www.sustainability.vic.gov.au/Business/Investment-facilitation/Recovered-resources-market-bulletin" target="_blank">slightly increased</a>.
This shows the market for low-quality, poorly sorted recycling, which Australia has <a href="https://theconversation.com/heres-what-happens-to-our-plastic-recycling-when-it-goes-offshore-110356" target="_blank">previously</a> offloaded to China and other Southeast Asian countries, is ending.
Unless we improve our recycling industry, we must start sending more recyclable material to landfill – as is <a href="https://www.standard.net.au/story/6301694/recycling-in-landfill-following-processor-shutdown-council-confirms/" target="_blank">happening now in some Victoria councils</a>.
So what can we do about it?
Reduce first
Reduction, fundamentally, comes before recycling. We <a href="https://theconversation.com/we-cant-recycle-our-way-to-zero-waste-78598" target="_blank">need to avoid waste to begin with</a>, in our homes and businesses.
As consumers, we should be vocal about seemingly contradictory practices by businesses. For example, supermarkets congratulate themselves on reducing plastic bags, but then use small plastic toys as marketing tools – not even making them out of recycled plastic. These toys are destined for disposal, potentially contaminating recycling streams, and <a href="https://www.sbs.com.au/news/coles-and-woolworths-in-plastic-toy-promo-wars" target="_blank">not all consumers are happy</a>.
Throw out recycling properly
It’s tempting, if you don’t know whether something is recyclable, to simply put it in the yellow bin and assume someone on the other end will “sort it out”. But in reality, incorrectly recycled material can contaminate entire loads of otherwise valuable and useful recyclables, diverting it to landfill.
Councils blame the recyclers for this, who blame the councils. Everyone blames state governments, and they in turn blame the recyclers.
Fundamentally though, we as the generators of waste must assume a high degree of responsibility. We are the ones putting contaminants into the recycling system that everyone else in the management structure must deal with.
It’s our job to familiarise ourselves with what can and cannot be recycled – although, to be fair, this can vary widely from council to council, and should be made easier to check.
If we can clean up the recycling streams, markets should increase and prices for these commodities will similarly rise. This encourages those in the sector to <a href="https://theconversation.com/australian-recycling-plants-have-no-incentive-to-improve-81336" target="_blank">improve their plant technology</a>, and for others to enter in what would then be a more competitive market.
Develop the industry
Clean recycling still requires an established market to be profitable. Governments, as the single largest purchasers in Australia, can play an important role here.
The Victorian government has already <a href="https://www.governmentnews.com.au/victorian-government-moves-on-green-procurement/" target="_blank">committed</a> to helping government agencies increase recycled content in their purchasing requirements. Other governments are doing <a href="https://www.governmentnews.com.au/governments-should-buy-recycled-material-inquiry/" target="_blank">likewise</a> and this is a very positive step.
At a minimum, contracts and tenders should specify a certain level of recycled materials used in products sold to the government, or prefer those suppliers who do have recycled content.
One innovative approach where governments can use their purchasing power is with the use of plastic and glass recyclables in roads. Trials have been extremely positive.
In fact, the Australian Council of Recycling has <a href="https://www.sbs.com.au/yourlanguage/italian/en/article/2019/05/09/call-government-use-recycled-content-build-infrastructure" target="_blank">suggested</a> that using recycled material in construction for the Snowy 2.0 scheme would consume all the recyclables generated in Australia.
We need to chew and walk gum
The most important message is, just as there’s no single person or sector to blame for Australia’s dismal recycling situation, there’s no single solution. We all need to take more care with what we put in the bin. Governments around Australia should incentivise local manufacturers to use domestic recycling.
Recycling companies should certainly improve their technology so they can produce higher-quality material, which can be sold at a profit.
And, as the current SKM debacle illustrates, governments need a plan B when the market breaks down.
Even with all of this, a sustainable domestic recycling industry is some way off. We urgently need to start doing the things we already know will work, rather than playing endless rounds of a pointless blame game.<img src="https://counter.theconversation.com/content/121241/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
Trevor Thornton, Lecturer, School of Life and Environmental Sciences, 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/dont-just-blame-government-and-business-for-the-recycling-crisis-it-begins-with-us-121241" target="_blank">original article</a>.
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Don’t just blame government and business for the recycling crisis – it begins with us

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<div class="column">The CPI was 0.6% in the June quarter compared to the market median (and Westpac’s) forecast for 0.5%. The annual rate lifted to 1.6% from 1.3%.</div>
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<div class="column">The average of the core measures, which are seasonally adjusted and exclude extreme moves, rose 0.4% in the June quarter/1.4% over the year. In the quarter, the trimmed mean gained 0.42% while the weighted median lifted 0.37%.</div>
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 Incorporating revisions, the six month annualised growth in core inflation was flat at 1.3% over the year well below the bottom of the RBA target band and the slowest pace since March 1999.</div>
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 Standouts in the quarter were: on the positive or high side of expectations, clothing &amp; footwear which suggests we are starting see some impact from the AUD depreciation, stronger transports cost which was not just due to a jump in fuel prices but also a surprising 1.4% bump in automotive prices while the seasonal fall in pharmaceuticals was smaller than the historical norm.</div>
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<a href="https://www.propertyobserver.com.au/images/2019/8/1/CPI.jpg" target="_blank">Click here</a> to enlarge: </div>
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<div class="column">Source: Westpac</div>
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 Prices that fell or where on the low side of expectations – tobacco prices surprised with a fall, housing was flat on falling house purchases and utilities, household contents fell more than expected while health rose less than expected and recreation fell more than expected.</div>
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 Food prices fell as expected, with falling fruit &amp; vegetable prices more than offsetting rising prices elsewhere. For now, the impact of the drought has been limited but we are watching this space closely as it extends in length and depth.</div>
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 It is worth noting the lack of inflationary pulse in housing. Overall housing costs fell a little more than expected as falling dwelling prices combined with falling electricity prices and flat rents. This moderation in housing costs is central to our outlook for low non- tradable and core inflation.</div>
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 In nine of the ten quarters to the 2019 Q1, inflation forecasters overestimated the quarterly rise in the CPI by 0.12ppts. Including Q2 analysts’ have now underestimated the quarterly print for the CPI in two quarters of the last three quarters. This suggests that the disinflationary pulse may be fading, if not coming to an end.</div>
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<div class="column">Source: Westpac</div>
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 There are still some embryonic indicators that retail, in particularly clothing &amp; footwear, furniture &amp; appliances as well as motor vehicles, are turning modestly inflationary due to the AUD depreciation.</div>
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 However, housing has a significant weight in the CPI (22%) so it has a meaningful impact on both headline and core inflation. As such, it is hard to find any near- term risk of a meaningful acceleration in inflation.</div>
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 Our preliminary estimate for Q3 CPI is 0.4% in the quarter/1.6% over the year for headline and 0.3% in the quarter/1.5% over the year for the trimmed mean.</div>
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Waiting for Godot has ended its long run
In the December quarter 2018, for the first time in two year the quarterly rise in the CPI exceeded market expectations. However, the first quarter of 2019 saw a return of a disinflationary pulse with the CPI print coming in under expectations with a flat print. 
Then it was reversed again in the June quarter with the CPI rising 0.6% vs. a median expectation for 0.5%.
 Including Q2 analysts’ have now underestimated the quarterly print for the CPI in two quarters of the last three quarters. This suggests that the disinflationary pulse may be fading, if not coming to an end.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/contributions.jpg" target="_blank">Click here</a> to enlarge:
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ABS confirms June quarter negative seasonality
As noted in our preview the June quarter 2019 was expected to be a seasonally soft quarter. 
However, on the estimates from the March quarter the estimated seasonal adjustment was +0.2ppt. 
In the June quarter release the seasonally adjusted CPI rose 0.7% so the seasonal adjustment factor was a smaller 0.1ppt. 
Revisions to the seasonal factors are a regular occurrence with the ABS conducting concurrent seasonal reanalysis.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/seasonality.jpg" target="_blank">Click here</a> to enlarge:
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For core inflation, the trimmed mean lifted 0.4% in the quarter
The average of the core measures, which are seasonally adjusted and exclude extreme moves, rose 0.4% in the June quarter. 
In the quarter, the trimmed mean gained 0.28%/1.6%yr while the weighted median lifted 0.37%/1.2%yr. 
The annual pace of the average of the core measures printed 1.4%, a very modest deceleration from the 1.5% pace in the March quarter.
Incorporating revisions, the six month annualised growth in core inflation was flat at 1.2% over the year, holding well below the bottom of the RBA target band and the slowest pace of core inflation since March 1999.
For a broader core inflation measure, more in line with some international measures, market sector goods and services excluding volatile items rose 0.5% in the quarter with the annual pace lifting to 1.8% from 1.6%.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/core%20inflation.jpg" target="_blank">Click here</a> to enlarge:
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We are yet to see the full inflationary impact of the drought
Food prices came as expected at 0.4% decline. Fruit &amp; vegetables fell slightly more than expected (2.8% vs 2.1%). 
Alcohol &amp; tobacco was slightly stronger (1.1% vs. 1.0%) with tobacco having a robust 2.4% rise following a surprising 0.7% in Q1.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/durables.jpg" target="_blank">Click here</a> to enlarge:
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A surprising bump up in car prices
Transportation rose 3.4% vs. 2.9% expected as car prices lifted 1.4% vs. our expectation for a 1.0% fall. 
Car prices are now up 3.4%yr, the fastest pace of growth since June 2020 and another sector we would expect to see the impact of the weaker AUD. 
However, the rise in car prices is more than what you would expect given the weakness of the AUD in either TWI terms or against the Japanese Yen.
Clothing has a larger than expected bump highlighting AUD pass-through...
Clothing &amp; footwear was stronger than expected rising 1.6% vs. our 0.5% expected. We are now seeing some pass through of the weaker AUD but the impact has not been uniform across this sector. 
Male garments are up 4.8% over the year while garments for women are down 0.2%. Footwear is down 1.1% over the year while accessories are down 1.0%.
...as does the rise in household contents &amp; services.
An area where the downside pressure on prices has been significant was household contents &amp; services. 
In the June quarter they rose 0.7% vs. our expectation for a 0.5%. There has been a turnaround in the trade exposed components with furniture prices up 2.8% over the year and household appliances up 5.1%.
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However, it is not all one way with textiles down 0.5% over the year and glassware down 4.1%. All up household furnishings are down just 0.4%, the softest deflationary pace since March 2018.
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Housing reveals signs of the housing correction in Vic and Qld, not so strong in NSW
The slightly softer than expected housing print reflected the fall in dwelling prices (0.2% vs. our forecast for a flat print – this reflected a further fall in Victorian dwelling prices of 0.4% in the quarter,  a larger 0.6% fall in Brisbane and a more modest 0.1% fall in NSW).
Rents were flat as expected while utilities fell more than expected (1.0% vs. 0.4% forecast) due to a 1.7% fall in electricity prices.
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There remains a significant near term negative risk around dwelling purchases prices in NSW.
 Prices are already falling in Victoria while rents have flattened in NSW. Given that rents and dwelling purchases together are worth around 15% of the CPI, this is a significant risk for headline inflation, and even more so for the core measures where the weight is somewhat higher.
<a href="https://www.propertyobserver.com.au/images/2019/8/1/narrow%20turnaround.png" target="_blank">Click here</a> to enlarge:
<img src="https://www.urban.com.au/images/2019/8/1/narrow%20turnaround.png" alt="">
Tradables stronger while non-tradables had a modest rise
Tradables rose 1.2% in the June quarter. Tradable goods rose 1.2% due to automotive fuel (10.2%). Tradable services rose 2.5% due to international holiday, travel and accommodation (2.7%).
Non-tradables rose 0.2% in the June quarter. Non-tradable goods rose 0.2% due to tobacco (2.4%). Non-tradable services rose 0.3% due to medical and hospital services (2.6%).
Looking forward inflation holds below the band
There are signs that we are getting some AUD deprecation pass-through to inflation in clothing &amp; footwear (for some selected groups) and in automotive vehicles. But it is harder to find any broader impact or wider inflationary pulse.
As housing has a significant group weighting in the CPI (22%) it has a meaningful impact on estimates of both headline and core inflation. As such, with core inflation below the bottom of the RBA’s target band we can find little to suggest any risk of a meaningful acceleration.
With crude oil prices easing there has been a turnaround in fuel prices which are expected to be a drag in Q3. Our preliminary estimate for the June quarter 2019 CPI is 0.4% which would see the annual pace steady at 1.6%.
Our preliminary estimate for the trimmed mean in the September quarter CPI is 0.3% seeing the annual pace ease a touch to 1.5%.
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Justin Smirk is ‎senior economist, Westpac Group and can be contacted <a href="https://www.westpac.com.au/about-westpac/westpac-group/" target="_blank">here</a>.
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Q2 CPI: Some AUD pass-through but housing is the anchor on inflation - Justin Smirk

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A lucky absentee apartment owner in the Opal Tower at Sydney Olympic Park has been able to escape the building cracking turmoil with a profit.
His damaged 10th floor apartment — possibly the worst affected within the 392 apartment high-rise — has been sold for $950,000.
But it appears to be a one-off sale as it has been bought by the besieged builder of the tower, Icon Co (NSW) Pty Ltd, whose solicitor declined to comment on the reasons behind its purchase.
The bullish $950,000 sale price of apartment 1005 was $158,000 more than the $742,000 off the plan price paid in 2014.
It was located on the 10th floor which saw severe cracking which prompted the evacuation of the entire building last Christmas Eve.
There were images soon after showing the damage outside the 1005 door.
The now sold two bedroom, two bathroom 86 sqm apartment had been a $600 a week rental before the cracks.
The vendor was Quan Zhou whose sales legal paperwork was lodged by China-based, Chengdu-headquartered Tahota Law Firm which has a liaison office in Sydney.
The Telegraph was not able to contact their Sydney solicitor, Yijing Hua.
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Minter Ellison lawyer Susan Bellamy signed the acquisition paperwork for Icon but declined to comment when asked if further acquisitions are being sought or offered to other owners.
The building’s last sale was a few weeks before the evacuation last December.
By next week just 12 apartments will remain unable to be occupied.
Without confirmation from Icon, it is speculated the purchase was because the builder required ongoing access, and would eventually need to substantially reconfigure the apartment space.
Sydney property consultant Edwin Almeida said it would be mistake if the intention of the sale was to reset valuations.
“Valuers won’t put their names or professional indemnity insurance or certificates on the line,” he said.
Residents and agents contacted by The Daily Telegraph don’t hold out much hope that the profitable sale of 1005 will be replicated should others wish to sell.
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“You’d think once other owners have heard of the sale, there’ll be a massive queue to sell to the builder,’ one observer said.
The Sydney Olympic Park development, which was completed in August last year, saw sales range from $505,000 up to $2.498 million for the 35 floor penthouse.
The building was very popular with investor buyers of Asian origin, many of whom bought off the plan in 2014 and 2015.
It was in 2014 when the developer Ecove entered into the Opal project agreement with the Sydney Olympic Park Authority (SOPA).
Last week owners of units lodged a class-action lawsuit in the NSW Supreme Court against SOPA which owned the land on which the complex was built.
The action was filed in the NSW Supreme Court on Friday led by owner Terry Williamson.
Lawyers for the owners have filed documents claiming the building was not designed and constructed with due care and skill, and was not reasonably fit for occupation.
Premier Gladys Berejiklian defended the right of owners to sue her government agency.
“I don’t blame anybody for taking legal action to defend their own rights,” Ms Berejiklian said.
Premier Gladys Berejiklian noted it was “an unfortunate set of circumstances.”
“We inherited the system we have today and we’re aiming to fix it by the end of the year through legislation.”
Ms Berejiklian said the government will be announcing a new building commissioner “imminently” to oversee the problem-plagued construction industry.
Icon has recently agreed to pay $1.7 million of the tower's $2 million insurance premium, saving owners from a potential second evacuation from the defective building.
This article was first published in the Daily Telegraph.
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Opal Tower builder Icon buys 10th floor apartment

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Bundaleer Retreat, a Broken Head property located just 10 minutes south of Byron Bay on the Coast Road has hit the market with $2.75 million to $2.95 million hopes.
Sam Tancred of Byron Bay Property Sales has the listing.
Situated over five and a half hectares, the property at 1 Bundaleer Road comprises a main residence or manager's quarters, five private cabins, a large shed or workshop, covered BBQ area and 17 metre resort style pool with waterfall.
<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/2019/7/29/broken%20head%201.jpg" alt="">
The main residence comes with three large bedrooms, two separate living areas, well-equipped kitchen and covered deck.
Four of the cabins are open plan with a queen bed and single bed.
The fifth cabin features a separate bedroom and two single beds. 
<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/2019/7/29/broken%20head%203.jpg" alt="">
All cabins are fully self-contained and include a timber deck.
There are council approved plans for an additional five bungalows.  
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Bundaleer Retreat at Broken Head listed with $2.95 million hopes

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The Canberra industrial market had been stable prior to the election in May 2019, however there are glimpses of increased activity which suggest the start of a recovery cycle, according to the latest report from Herron Todd White (HTW).
The property valuation firm found commercial agents are reporting increased activity on the back of a stabilising residential market and improved consumer confidence.
The ACT government’s Four Year Indicative Industrial Land Release Program is based on the current level of demand for industrial land.
The program is intended to achieve a number of objectives, but in essence it is to increase the ACT government’s responsiveness to market changes by developing an inventory of land stock, where serviced industrial sites are available for immediate release.
Land will be available across new estates in Symonston (2020-21), Fyshwick and Majura Valley (Pialigo, 2021-22) as well as Hume.
The program aims to release 110,000 square metres over the next four years.
"Queanbeyan continues to provide a desirable option for owner-occupiers in the market, as increasing municipal rates in the ACT continue to discourage activity," the report said. 
"A Legislative Assembly committee is currently conducting a formal inquiry into the commercial rating system and has made numerous recommendations; the long-term effects from this are yet to be determined.
"Investors and owner occupiers are currently attracted to the small scale industrial market, particularly for superannuation purposes and also to have an asset that has potentially appreciating value and the ability to provide collateral for borrowing power.
"The outlook for the remainder of 2019 is for much of the same, namely growth and increasing activity on the back of a stable residential market and political climate.
"Industrial leasing demand is improving, however rents remain stable generally with a continued need for incentives.
"Further proposed rate cuts will have an impact on the market in the long term and some rental growth may be observed when tenant demand levels increase and sales activity begins to soften.
"The outlook for the Canberra and Queanbeyan industrial market is for increasing take-up levels over the next 12 months."
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Glimpse of recovery in Canberra's industrial property market: HTW Industrial

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The commencement of new incentives to support apprentices in the residential building industry has been backed by an industry body. 
Kristin Brookfield, HIA chief executive, industry policy said several programs were announced in the 2019 federal budget to support young people move into residential building and other skilled trades.
“In particular the Additional Identified Skills Shortage (AISS) payment for employers and hosts of apprentices, and for apprentices themselves started on 1 July, with five of the ten trades included in the scheme being in residential building," Brookfield said. 
“Vocational education and training continues to be the cornerstone of Australia’s skilled labour force and new housing activity underpins much of our economic growth.
“Ensuring that Australia has the right quantity and quality of skilled tradespeople is critical to the ongoing success of Australia’s home building industry.
“While apprentice incentives offer one part of a solution, the existing systems for training the trades of the future continue to be challenged – to address new technology, to adopt changing apprenticeship models, to compete with other industries and to adapt to expectations of the next generation.
“HIA’s 9th Building Better Cities Summit Skills for tomorrow: Technology or training? to be held in Melbourne on 7 August 2019, will look at the changing nature of residential building and the training framework that underpins it.
"The Summit will open up the debate on how we can shape the industry’s workforce and be ready to build the homes of the future."
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New apprentice incentives provide timely support: HIA 

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The Perth housing market is doing better than expected, supported by lower interest rates and the continued strength of non-rural commodity prices, according to Moody's Analytics.
They forecast the Greater Perth area's house values to increase by a total of 6.4% over 2020 and 2021, after a -6.9% decline in 2019. 
Similarly Greater Perth apartments are expected to see a recovery too, albeit smaller, with a total growth of 4.8% over 2020/2021. However, this follows a decline of -7.3% in 2019.
The outlier however is Mandurah, with growth of 12.9% forecast in 2020 and 8% in 2021, off of the back of 4.3% in 2019.
Mandurah is the only region in WA which apartments are forecast to see growth during 2019.
Moody's said growth in housing values is because the labour market in Western Australia has been comparatively weak for some time, with the growth in employment lower than the national average since 2015.
The unemployment rate in the state is among the highest in the country, 6.1% in April compared with the national average of 5.1%, and wage growth remains the lowest of all the states on a year-over-year basis.
<img src="https://www.urban.com.au/images/2019/6/27/Perth%20Moodys%201.JPG" alt="">
Perth-Inner is expected to experience the steepest fall this year in house values but will recover slightly in 2020.
Meanwhile Perth-North West and Perth-Inner are expected to have the greatest price falls in apartments this year, with the fall flowing through to next year as well for the former region.
"Rental values fell more than 20% peak to trough from May 2013 to November 2017, a sign of continued excess supply," the report said.
"A slow recovery in rental value over the next two years will help the housing market recover."
Perth-North West, encompassing Joondalup, Stirling and Wanneroo, is representative of the trends across Greater Perth.
<img src="https://www.urban.com.au/images/2019/6/27/Perth%20Moodys%202.JPG" alt="">
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Mandurah to lead WA apartment market recovery: Moody's Analytics

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Melbourne house prices are expected to significantly outperform units in the medium to long term, according to Moody's Analytics.
They forecast the Greater Melbourne area's house values to increase by a 1.3% in 2020 and make a large recovery of 6% in 2021, after a -10.8% decline in 2019. 
Moody's said the fall in values has been most pronounced in Melbourne’s inner suburbs, where house values have fallen as much as 21% from their peak
The decline of unit values across Greater Melbourne has been less pronounced than for detached houses.
Similar to the detached house market, however, unit values have also displayed tentative signs of improvement.
<img src="https://www.urban.com.au/images/2019/6/27/Melbourne%20Moodys%201.JPG" alt="">
House values in Melbourne-Inner East have edged up since April, while the pace of declines has slowed noticeably in Melbourne-Inner South and Melbourne-South East.
"Notably, dwelling fixed investment declined for the second straight quarter, with the fall in residential building approvals suggesting further weakness ahead," the report said.
"Indeed, housing finance commitments in Victoria, including those for construction of new dwellings continue to fall from year-ago levels.
"In 2019 Melbourne Inner East, Inner South and Outer East are expected to experience the largest declines, with home values forecast to fall by 13.9%, 14.9% and 12.7%, respectively."
By early 2020, house values across most of Greater Melbourne are forecast to experience a return to month-on-month growth.
Overall, Greater Melbourne house values are expected to tick up 1.3% in 2020, with Melbourne-Inner East and Melbourne-North East leading the recovery.
<img src="https://www.urban.com.au/images/2019/6/27/Melbourne%20Moodys%202.JPG" alt="">
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Melbourne house values to recover 7.3% in two years: Moody's Analytics

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The industrial property market across South Australia is expected to continue its recovery throughout 2019 as the market continues to be sustained by government investment in both the healthcare and renewable energy industries, according to the latest report from Herron Todd White (HTW).
The property valuation firm found investor sentiment has recently shifted from the retail to the industrial sector, mainly due to slowing trade growth within specific retail markets as retailers continue the fight against online shopping.
In contrast, warehousing and manufacturing benefits from the increase in online shopping, as companies require more warehousing space to facilitate the transport, manufacture and storage of goods.
Investors and major real estate investment trusts are looking to industrial property, as retail sectors such as department stores and clothing outlets recorded negative retail trade growth through the latter part of 2018 and early 2019.
HTW's property valuation experts stated: "Within the South Australian market, property remains tightly held in the sought-after northwest and inner-west industrial precincts.
"Limited sales of industrial properties occurred in these areas over the first half of 2019, making it hard for investors and owner-occupiers to enter the market.
"The majority of current industrial investment opportunities are available in outer suburbs such as Lonsdale and Edinburgh, which are 26 kilometres south and 35 kilometres north of the CBD respectively.
"Property remains tightly held in the north and western industrial sectors, with 14 sales of industrial use land in the first half of 2019 according to current sales data.
"The current low interest rate environment and recent cut in rates has resulted in further compression in property rents and yields."
Premium industrial space across the nation is currently fetching yields of 6.5%, while secondary space is generating yields of roughly 7.5%.
The Adelaide market is slightly better, with premium space measuring yields of 8% and secondary space nine%.
There has been no significant change in these figures since HTW's previous update in April.
Looking to affordable investments within the Adelaide industrial market, current offerings remain scarce amidst the shortage of recently completed industrial developments.
"Entry level stand-alone sheds within the north and innernorth industrial precinct are roughly $320,000 to $350,000, which would net the owner 305 square metres of industrial floor space in the northern suburb of Edinburgh and 180 square metres in the inner-northern suburb of Wingfield.
"Similarly, industrial investors can acquire a warehouse in the southern suburb of Lonsdale for $335,000.
"For the investor looking to enter the more popular west or inner-west industrial precincts, a warehouse and office in Marleston is currently on the market for $575,000.
"An industrial investor however can acquire a unit or a shed in these areas for almost half the price; sheds in Lonsdale are on the market for $175,000 for around 140 square metres of space, while a higher quality and larger unit (175 square metres) in the northern suburb of Mawson Lakes would set the purchaser back $275,000."
There have been no major shifts in industrial rents throughout the first half of 2019
Net rental levels for premium industrial space in the north are currently between $60 and $90 per square metre, $70 to $110 in the inner-north, $90 to $140 in the inner-west precinct and $60 to $80 in the south.
Slight upward pressure on rental growth is forecast throughout the latter half of 2019, as infrastructure investment and a decline in unemployment are expected to buoy the rental market for industrial property.
"The property market as a whole is predicted to stabilise throughout the remainder of 2019 as a Liberal government settles in for a new term.
"Investment in healthcare and renewable energy should fuel the demand for industrial space in South Australia as the market looks to recover from recent lows.
"Both the Darlington upgrade and the Northern Connector are expected to finish late this year, providing an upgrade to major freight and transport routes in the north and south of South Australia."
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Adelaide industrial property market recovering: HTW Industrial

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

Staff reporter

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