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Despite some significant rainfall in parts of the state this month, NSW continues to experience prolonged and widespread drought conditions.
On the NSW Combined Drought Indicator (CDI), 98.6% of the state is still in one of three drought categories.
Minister for Agriculture and Western NSW Adam Marshall said that while the rainfall was welcome, farmers across the state were still doing it incredibly tough.
“This rain will help ease conditions in some areas and is timely for winter crop sowing, but it is far from enough to represent a break from the drought,” Marshall said.
“While the west, north-west and south of the state received between 25 to 100 millimeters of rain at the end of last week, we’re still seeing 98.6% of the state in drought, which is only a minor decrease from 99.5% figure as at the end of March.
“I’m heartened by that improvement but the reality is we still require significant follow- up rainfalls to ensure any improvements are sustained and our rural communities start to feel a reprieve from one of the worst droughts in living memory.”
<a href="https://www.propertyobserver.com.au/images/2019/5/9/Rainfall%20map%20Week%20ending%205.5.19.jpg" target="_blank">Click here </a>to enlarge:
<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/2019/5/9/Rainfall%20map%20Week%20ending%205.5.19.jpg" alt="">
Source: NSW Government 
The latest CDI shows the Northern Tablelands, North West and Western Local Land Service regions remain the worst hit by ongoing dry conditions.
“Drought conditions are unrelenting and that’s why as Minister my number one priority right now is delivering a new drought funding package to provide our farming and rural communities with the support they need,” Marshall said.
“Over the coming weeks I’ll be getting out and about to chat to rural communities about what else the NSW Government can do to continue to provide much needed relief.”
To date the NSW Government’s Emergency Drought Relief Package has provided more than $1.5 billion in support and assistance measures to farmers and rural and regional communities.
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j.ballantyne1990-6AQqhLzZaK

Drought continues to bite in NSW despite welcomed widespread rain

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Some 2.8 million Australians regularly read at least one magazine in the Home &amp; Garden category, according to a new report.
Roy Morgan noted a clear majority of seven of the 11 magazines in the category increasing their readership over the last year.
The largest increase was for Belle which increased its readership by 21% to 117,000 while Gardening Australia is now read by 545,000 Australians after an impressive increase of 20%.
Other Home &amp; Garden titles which grew their readership include Home Beautiful which was up 11% to 340,000, Real Living up 19% to 103,000 and House &amp; Garden up 1.5% to 543,000.
By far the leading magazine in the category remains Better Homes and Gardens, maintaining its leadership with a readership of 1,513,000 (down 11.1%).
Last August, Better Homes and Gardens had a readership of 1,671,000 (down 3.6%).
In August 2017, it had a readership of 1,728,000, down 6.8% on the 1,854,000 in August 2016.
Overall the Business, Financial and Airline magazines readership experienced a small decrease of 1.4% over the last year to 1,560,000 (7.6% of the population).
Performing strongly was the recently sold, leading finance magazine title Money Magazine which increased readership by 18% to 149,000.
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Better Homes and Gardens readership slips to 1.5 million

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Professor Steve Keen is back predicting that Australian house prices will fall by 40%.
Asked by Peter Swizter how long before house prices fall 40%, Keen says five years.
After the GFC he was tipping a similar housing outcome.
He says that day is nearing, as house prices in Sydney are down 14.5% from their July 2017 high, which is their worst fall since the early 1980s recession.
Melbourne prices are down 10.9% from their November 2017 highs, which also is their worst fall in the period since 1980.
Keen, who now resides in Amsterdam after teaching at the University of Kingston in London until recently, maintains that house prices are bound to fall 40%.
He blames the Reserve Bank, claiming it’s the most “brain dead central bank on the planet", and says APRA and the Royal Commission's restrictive bank lending impact will be behind the fall.
Keen says it will be a nightmare for house prices on nationally given household debt compared to our total production of goods and services (or gross domestic product - GDP) is the second highest in the world, only behind Switzerland. 
Household debt compared to GDP is at 200% - the highest ever for Australia.
“The RBA and mainstream economists don’t understand the role of credit,” Keen said.
He compares us to the USA which, as a consequence of the GFC of 2008, where there was 39.8% fall in house prices.
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Professor Steve Keen says Australian house prices will fall 40% within five years

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The Fair Work Ombudsman (FWO) has recovered wages for 99 underpaid Melbourne workers in a joint campaign with the Australian Securities and Investments Commission (ASIC).
The FWO and ASIC targeted businesses that were run by first-time directors operating across a range of sectors, such as accommodation and food services, construction, and rental, hiring and real estate services. These businesses had not previously been audited by the FWO.   Fair Work Inspectors and ASIC analysts visited 48 small to medium-sized businesses in and around Melbourne’s CBD – including the suburbs of Balwyn, Carlton, North Melbourne and Port Melbourne.   Inspectors found that 26 businesses were fully compliant with their lawful obligations under the Fair Work Act. Of the remaining 22 businesses visited, six had pay slip and record-keeping contraventions, nine had monetary contraventions, and seven had both pay slip and record-keeping and monetary contraventions.   The largest underpayment occurred at a CBD noodle bar that short-changed 14 employees a total of $8,694, as a result of underpaying minimum hourly rates and penalty rates over a six-month period.   Inspectors issued two formal cautions.
There were also eight Infringement Notices totalling $7,020 in fines issued for pay slip and record-keeping breaches.
A Compliance Notice was issued for a restaurant, requiring the employer to back-pay $5,303 to 14 workers.   All businesses agreed to back-pay employees in-full after being educated by inspectors. In total, 99 employees were back-paid $39,362 by 14 businesses.   Fair Work Ombudsman Sandra Parker said ignorance is no excuse for underpaying employees.   “During our surprise visits of several Melbourne workplaces, we were alarmed to discover that many first-time company directors were not aware of their lawful obligations under Australia’s workplace relations laws,” Ms Parker said.   “If you are new to running a business, it is your responsibility to ensure you understand your workplace obligations before you hire any employees. The Fair Work Ombudsman has a range of free tools and resourcesavailable to help directors get the basics right as quickly as possible,” Ms Parker said.   All non-compliant businesses were put on notice that they may be re-audited in future.   ASIC analysts spoke with the first-time company directors about their responsibilities under the Corporations Act and provided a range of education resources.   The Fair Work Ombudsman’s Small Business Showcase makes it easier for small business owners to access resources on workplace laws.
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Fair Work Ombudsman finds underpaid Melbourne workers in construction, rental and real estate services

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The value of new lending commitments to households fell 3.7 per cent in March 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures on new lending to households and businesses. The fall in lending to households in March follows a 2.2 per cent rise in February 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/2019/5/13/Lending1.jpg" alt=""> ABS Chief Economist, Bruce Hockman said all components of new lending to households were weaker in March, "more than offsetting a bounce in lending activity seen in February.” “There were large falls in the value of lending for owner occupier dwellings in seasonally adjusted terms in both New South Wales (-5.7 per cent) and Queensland (-5.3 per cent) in March, after rises in both states the previous month" he said.
Nationally, lending for investment dwellings also contracted further in March, with the series down 25.9 per cent (seasonally adjusted) compared to March 2018. The level of new lending for investment dwellings is at its lowest level since March 2011. 
While nationally there was a fall in the number of loans to owner occupier first home buyers (-0.5 per cent) in March, in a similar pattern to recent months this fall was again much less than the drop in the number of loans to owner occupier non-first home buyers (-3.3 per cent). 
<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/2019/5/13/March-ABS.jpg" alt="">
After rises in January and February, lending to households for personal finance excluding refinancing fell 11.2 per cent in March, seasonally adjusted. In trend terms, the value of new lending commitments to businesses fell 2.0 per cent in March. The ABS noted all components of business lending remained subdued.
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NSW leads downturn in March new lending commitments to households

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A major Japanese company is reported to be considering a takeover of the $7.21 billion real estate and construction group Lendlease.
The Australian reported it was a takeover target, with shares rising in early trade this morning by almost nine percent to $13.97.
The shares fell back to $13.55 after the company responded at 11am with "Lend Lease notes speculation in today's The Australian regarding potential corporate activity."
"Lend Lease confirms it has not received any such approach."
According to the report, a major Japanese company, suspected to be Mitsui, was believed to be plotting an acquisition of the company.
The Japanese company is rumoured to be interested in acquiring the company and then breaking it up and offloading different parts to other suitors.
Last month Lend Lease was dubbed an "underperforming large cap property stock" by JP Morgan which flagged them as potential takeover targets.
Lendlease was hit hard on a profit warning late last year due to issues with its engineering business.
The property and construction group is currently trying to sell its engineering arm.
Lend Lease faces a shareholder class action lawsuit relating to its shock profit downgrade but JP Morgan doesn’t think this will be much of a deterrent to potential suitors.
Lendlease share price is trading lower than its 52-week high of $21.73.
 
 
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Japanese takeover looms for real estate group Lendlease

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Malcolm and Lucy Turnbull are selling one of their Hunter Valley properties, Scotts Creek.
It is <a href="https://www.meares.com.au/search-properties/details/Scotts-Creek" target="_blank">located in the foothills of the Liverpool Ranges</a> above the township of Murrurundi. The couple have asked rural agent Chris Meares at Meares &amp; Associates to conduct an online auction.
The 2000ha farm has had a strong history of running merino sheep and breeding quality beef cattle.
In recent years it has carried 500 to 600 breeding cows along with 1000 to 1500 merino ewes and wethers. It is well watered, with creeks, springs and surface dams, complementing the rainfall.
Over the past 27 years it has average 813mm, with three years, including 2018, where the rainfall has fallen under 600mm.
Meares expected the two-day auction to attract bids of between $6.5 million to $6.75 million.
The couple will retain their East Rossgole property, near Aberdeen, which Mr Turnbull inherited from his father, Bruce, in 1982. 
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Malcolm and Lucy Turnbull list one of their Hunter Valley properties, Scotts Creek

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The Knox family have sold their Avoca property, Scotsburn repotedly for more than $9.2 million to the Lai family, who are behind property giant Zone Q Investments, the Australian arm of China’s JiaHe JianAn Group.
It was less than two years that it has sold at $8.1 million bought by Josie Knox, wife of grazier Jim Knox.
It was listed though Michael Maloney of Richardson &amp; Wrench Bowral.
The deal required Foreign Investment Review Board approval.
<div>Monitored by a 16 camera CCTV security system, the 41-hectare property includes a five-bedroom homestead with porte cochere entry, billiard room, study, gymnasium, sauna, a 20-metre heated indoor pool and championship tennis court.</div>
<div>
<div> </div>
<div>The 41 hectares include six dams and improved pastures suitable for cattle or horses.</div>
</div>
Zone Q – headed by Wenzhong Lai and Zongxing Lai – has more than $650 million in real estate projects across the country and in New Zealand, including the $155 million residential project Aqualuna in Milsons Point.
The Knox's sold the New England property Tenterden Station for $17 milllion last year to the Miramar Trust and Riverslea Trust representing two Surat, Qld, faming families.  
Tenterden comprised 1501 hectares of highly developed arable grazing land, reflecting $11,326/ha ($4585/acre).
They retained Avoncliffe, Guyra.
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Chinese buyers set fresh Avoca record with Scotsburn purchase from Knox family

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GUEST OBSERVATION
Recent debates about prominent advertising in Melbourne and Sydney have highlighted public concerns about the commercialisation of public space. The sense that our cities have become increasingly vulnerable to commercial forces is premised on the assumption that advertising has no place in our cities.
However, historical images of our cities challenge this view. They reveal advertising and commercial signage to be an ever-present part of our cityscapes and urban life.
A recent controversy in Melbourne over a proposed billboard has echoes of 19th-century debates over billboards occupying prominent city sites. Projections of animated images onto the wall of 231 Swanston Street will turn it into one of the largest advertising billboards in the city. Described as a “<a href="https://www.theage.com.au/business/companies/visual-clutter-mega-billboard-approved-for-swanston-street-20190327-p5185w" target="_blank">mega-sized 305 square metre display</a>”, its size is a key issue, but the controversy does not end there.
Melbourne City Council had at first rejected the sign, <a href="https://www.theage.com.au/business/companies/visual-clutter-mega-billboard-approved-for-swanston-street-20190327-p5185w" target="_blank">arguing</a>: "[…] digital billboards beaming high-rotation advertisements into the public realm are creating an unprecedented level of visual clutter that detracts from our city streets."
Lumen Billboards challenged the decision through the Victorian Civil and Administrative Tribunal. <a href="https://www.propertyobserver.com.au/http://www6.austlii.edu.au/cgi-bin/viewdoc/au/cases/vic/VCAT/2019/308" target="_blank">VCAT upheld the appeal</a>, deeming that the sign’s size and illumination was appropriate for the site and that it had little impact on the area’s heritage.
Some see VCAT’s decision as yet another example of big business overriding public interests. <a href="https://www.theage.com.au/business/consumer-affairs/mega-billboard-on-swanston-street-will-add-nothing-and-only-take-away-20190403-p51aav" target="_blank">Writing in The Age</a>, Nicola Philp attacked the perceived commercialisation of public space. Readers’ comments echoed her sentiments. One reader lamented: "Melbourne is becoming an advertisers [sic] paradise with gaudy flashing signs everywhere. The beauty and elegance that Melbourne once had is slowly being eroded."
Another took aim at advertising, fuming: "I hate the idea of more intrusive advertising being forced down our throats."
Concerns about the commercialisation of public space were similarly expressed in response to the use of the Sydney Opera House as a billboard to promote the Everest horse race last October. The Opera House’s chief executive opposed the highly controversial decision by the New South Wales government. More than <a href="https://www.change.org/p/defend-our-opera-house-support-louise-herron-9a97d417-bb75-4737-b572-049aaf357ccf" target="_blank">310,000 people signed a change.org petition</a> against the decision.
<iframe src="https://www.youtube.com/embed/5-2OHyHCZJA?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
The use of the Opera House to promote a horse race triggered public protests.
Such numbers did not deter the state government, which had several prominent figures supporting its decision. Among them was Prime Minister Scott Morrison, who described the iconic building as “<a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-10-07/pm-says-sydney-opera-house-biggest-billboard-sydney-has/10348398">the biggest billboard Sydney has</a>”.
The PM’s crude description is, strictly speaking, correct. Despite its policy forbidding “logos, corporate identities or colours”, the Opera House sails have been regularly used for promotional purposes. Unofficially, it has also served as a canvas for various protest slogans. However, the Everest uproar was as much about commercial promotion as it was about the power of the city’s political elites.
Concern about commercialisation is an old one
Concerns about the commercialisation of city streets and landmarks are nothing new. In 1880, Brisbane’s Telegraph newspaper took aim at billboards “occupying two of the most prominent sites in the city”, labelling them “terrible eyesores”. Sydney’s lord mayor expressed similar sentiments in 1907 when he was <a href="http://nla.gov.au/nla.news-article112641786" target="_blank">reported as saying</a>: "It was an outrage in a civilised community that every square inching of land abutting on the public streets should be made hideous by posters."
Significantly, one of the first items printed in Australia was a playbill from 1796 promoting a theatrical performance. Like government orders, the playbill and other commercial notices were posted in prominent locations in city streets. Retailers added their mark to city streets by employing signwriters to adorn their premises and promote their wares.
The significance and impact of such commercial signage was formally recognised in 1830, when the governor of New South Wales <a href="http://nla.gov.au/nla.news-article2195232" target="_blank">decreed</a> that it was illegal to “keep up any Sign, Writing, Painting, or other Mark, on or near to his House or Premises” that falsely gave the impression a house was licensed.
As commerce duly grew, so too did the amount of advertising on city streets. By the early 20th century, commercial signs and advertisements were an entrenched and inescapable aspect of urban life. They permeated walls, hoardings and all parts of public transportation systems. Electricity and neon lighting extended outdoor advertising’s reach into the night-time hours.
In recent times, sports grounds have added another commercial layer by selling their naming rights. Melbourne’s <a href="https://en.wikipedia.org/wiki/Docklands_Stadium#Naming_rights_history" target="_blank">Marvel Stadium has previously been known as Colonial Stadium, Telstra Dome and Etihad Stadium</a>. More confusingly, <a href="https://en.wikipedia.org/wiki/Queensland_Sport_and_Athletics_Centre" target="_blank">Brisbane</a> and <a href="https://en.wikipedia.org/wiki/Stadium_Australia" target="_blank">Sydney</a> have both been home to ANZ Stadium (formerly known as QE II and Stadium Australia/Telstra Stadium respectively).
And then there are the signs we love
Our relationship with commercial signs is not static. Some signs have taken on a life of their own. The <a href="https://en.wikipedia.org/wiki/Coca-Cola_billboard" target="_blank">Coke sign in Sydney’s King’s Cross</a> and the <a href="https://en.wikipedia.org/wiki/Skipping_Girl_Sign" target="_blank">Skipping Girl in Melbourne’s Abbottsford</a> have become a part of the respective cities’ cultural heritage.
The interest generated by the uncovering of a long-hidden <a href="https://www.smh.com.au/business/companies/the-new-ghostly-attraction-in-wynyard--catch-it-before-it-is-spirited-away-20170917-gyizkj" target="_blank">“ghost sign” for Peapes menswear</a> near Wynyard Station in Sydney similarly reveals that commercial signs and advertising are less utilitarian than critics suggest.
Commercial advertising is a part of our city’s fabric and heritage. While the VCAT decision certainly raises legitimate concerns about processes and the values we apply to public space, the approval of the giant billboard is entirely consistent with our past.
Whether or not we like it is, of course, a different question.<img src="https://counter.theconversation.com/content/114972/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;">
Robert Crawford, Professor of Advertising, RMIT 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/selling-out-the-city-to-advertising-nothing-new-to-see-here-114972" target="_blank">original article</a>.
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Selling out the city to advertising? Nothing new to see here

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GUEST OBSERVATION
Over the past decade the profits of 160-odd regional and rural publications that make up the former Fairfax business division known as Australian Community Media (ACM) have <a href="https://thenewdaily.com.au/money/finance-news/2018/07/26/regional-newspapers-risk-nine-takeover-fairfax/" target="_blank">fallen steeply</a>.
In 2012 the division made a A$169 million profit. In 2018 it was A$67.5 million.
Nine Entertainment Co acquired the division with its $3 billion takeover of Fairfax Media last year. It has been keen to get rid of it <a href="https://www.smh.com.au/business/companies/nine-boss-flags-divestments-in-matter-of-months-20181209-p50l5b" target="_blank">ever since</a>.
There are grounds for some optimism about the long-anticipated <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-04-30/nine-sells-fairfax-community-newspapers-to-the-cat/11058066" target="_blank">sale</a>. It may signal better fortunes for regional publishing. But any optimism must be tempered by ongoing concerns about the viability of the local news business model.
What’s in the deal?
ACM’s new owner is a 50:50 partnership between real estate advertising mogul Antony Catalano and Thorney Investment Group. They are paying Nine A$125 million for the 160-odd mastheads and 130 associated websites. The deal involves Nine getting $10 million of advertising space, and content and printing sharing arrangements for a period of time.
Thorney Investment Group has established itself over the past 25 yeas as one of the most profitable investors in Australian property and resources. Its foray into local news may appear somewhat peripheral to its general investment profile, despite an ongoing investment in Domain, Fairfax’s real estate brand, which was listed as a separate entity on the <a href="https://www.asx.com.au/asx/share-price-research/company/DHG/details" target="_blank">Australian Stock Exchange</a> in 2017.
Catalano, on the other hand, has a long and colourful history with Fairfax’s real estate classifieds business. He is expected to chair the new company.
A one-time property editor at The Age, he was made redundant in 2008 and went on to found, with the backing of major real estate brokers, the free property magazine The Weekly Review.
The magazine took off, winning business away from The Age’s real estate pages. In 2011 Fairfax bought half of Catalano’s Metro Media Publishing business <a href="/news/fairfax-pays-35-million-for-half-of-the-weekly-review">for A$35 million</a>. It bought the other half in 2015 (for <a href="https://www.domain.com.au/group/press_release/fairfax-acquires-100-interest-mmp/" target="_blank">A$72 million</a>). It then merged the business with Domain, putting Catalano at the helm.
He left his role with Domain in January last year, just two months <a href="https://mumbrella.com.au/antony-catalano-buys-nines-regional-newspapers-576941" target="_blank">after its successful listing</a> on the Australian Stock Exchange. Reportedly his resignation came amid complaints of a <a href="https://www.afr.com/business/media-and-marketing/antony-catalano-the-fall-of-a-party-boy-20180207-h0v13z">party-boy culture</a> in the Domain workplace.
Catalano’s successful bid for Domain is a particular coup. He <a href="https://mumbrella.com.au/former-domain-ceo-antony-catalano-makes-play-for-fairfax-media-552799" target="_blank">attempted to thwart Nine’s takeover bid</a> of Fairfax at the 11th hour by proposing to buy 19.9% of Fairfax shares.
Bidding against him and Thorney were private equity giants Anchorage Capital Partners and Allegro Funds. Seven West’s regional TV affiliate, Prime Media Group, and News Corp were also rumoured to have been interested.
Changing priorities
A few months ago Crikey labelled ACM’s impending sale a “<a href="https://www.crikey.com.au/2019/02/28/nine-regional-papers-community/" target="_blank">blueprint for disaster</a>” regardless of who won the bid, describing closures and consolidation of some local papers as “almost certain”.
Catalano, on the other hand, has talked up the potential of the larger daily regional mastheads. These include The Canberra Times, The Newcastle Herald, The Border Mail (based in Albury), The Illawarra Mercury (in Wollongong), The Ballarat Courier, The Examiner (in Launceston), and the Bendigo Advertiser. Between them, these papers reach about half ACM’s total audience of <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/radio/programs/am/how-will-antony-catalano-revive-regional-newspapers/11061236" target="_blank">up to eight million</a> people.
Catalano says he is looking to invest “<a href="https://www.illawarramercury.com.au/story/6098933/new-owner-vows-to-beef-up-mercury-after-buying-regional-newspaper-group-from-nine/" target="_blank">aggressively</a>” in these areas.
Without offering much detail, <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/radio/programs/am/how-will-antony-catalano-revive-regional-newspapers/11061236" target="_blank">he has intimated</a> there were ways to monetise ACM’s audience that didn’t happen under Fairfax, due to it having “bigger priorities in the face of very significant structural decline in the newspaper business”.
“Under us, it’s our only priority,” he said.
However, when pushed on whether there would be efficiencies, including redundancies and closures, he conceded there was likely to be some “consolidation” <a href="https://www.illawarramercury.com.au/story/6098933/new-owner-vows-to-beef-up-mercury-after-buying-regional-newspaper-group-from-nine/?src=rss&amp;utm_email=b9ee389143&amp;utm_source=Illawarra+Mercury&amp;utm_campaign=5ada9e8bb5-NEWSLETTER_EDITORS_PICK_DAILY&amp;utm_medium=email&amp;utm_term=0_63532331c1-5ada9e8bb5-65999933" target="_blank">in print operations</a>.
Such consolidation might echo Fairfax’s 2017 <a href="https://mumbrella.com.au/fairfax-to-shut-six-community-newspapers-11-jobs-to-go-482887" target="_blank">merger of six Western Sydney suburban newspapers</a> into a single North West Magazine.
The state of local journalism
It would be naive to be overly hopeful about a new dawn for regional newspapers given the broader context of the Australian news industry.
According to the journalists’ union, the Media Entertainment and Arts Alliance, at least <a href="https://www.meaa.org/download/meaa-submission-to-public-interest-journalism-inquiry-170714/" target="_blank">3,000 journalism jobs</a> have been lost since mass redundancies began about seven years ago. Cutbacks, the union says, have seen “rural and regional audiences lose their "voice” and their access to local information".
At the regional daily with the largest readership, The Newcastle Herald, the editorial staff has been cut from about 100 to less than 24.
Workloads have escalated in consequence. Veteran journalist and union rep <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/mediawatch/episodes/newcastle-herald-cuts-hit-hard/9973134" target="_blank">Ian Kirkwood told ABC’s Media Watch</a> that journalists, perhaps once expected to produce one or two news stories a day, were now required to produce six, including headlines and photographs.
The New Beats study, a <a href="http://www.newbeatsblog.com/" target="_blank">comprehensive longitudinal study</a> of redundancies in Australian journalism since 2012, calculates the total revenue of Australian newspapers <a href="https://ses.library.usyd.edu.au/bitstream/2123/19938/2/New%20Beats%20Submission%20to%202018%20Future%20of%20Work%20Inquiry.pdf">fell</a> from A$6.2 billion in 2007-08 to A$3 billion in 2016-17.
The New Beats researchers say the “market failure of regional journalism” is that local advertising is simply insufficient to make a local newspaper financially viable. How Catalano is going to change that, given his stated <a href="https://mainstreetwiththeabcspeterryan.blogspot.com/2019/05/antony-catalano-dismisses-paywalls-as" target="_blank">opposition to paywalls</a>, is an open question.
But given the unrelenting bad news faced by newspaper newsrooms over the past decade, it’s no surprise journalists are hoping for the best. The <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-04-30/nine-sells-fairfax-community-newspapers-to-the-cat/11058066" target="_blank">ABC reports</a> that sources within the Canberra Times regard the deal as the best of available options. The Media Entertainment and Arts Alliance has expressed cautious optimism, <a href="https://www.illawarramercury.com.au/story/6098933/new-owner-vows-to-beef-up-mercury-after-buying-regional-newspaper-group-from-nine/" target="_blank">tempered by concerns</a> investment in the larger regional mastheads will come at the expense of smaller publications.
Only time will tell whether it is the hopes or the fears that are the most prophetic.<img src="https://counter.theconversation.com/content/116359/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;">
Steinar Ellingsen, Senior Lecturer in Journalism, Communication and Media, University of Wollongong
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/after-a-dark-decade-for-australias-regional-newspapers-a-hopeful-light-flickers-116359" target="_blank">original article</a>.
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After a dark decade for Australia’s regional newspapers, a hopeful light flickers

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

Staff reporter

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