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GUEST OBSERVATION
After years of strong housing market growth, Sydney’s property market is slowing. Despite this, housing stress remains a reality for many Sydneysiders, with rents remaining largely untouched.
Public housing is a lifeline for those who can’t afford to rent in the private market, but the numbers of households in this position means many must wait years for a place.
Median rents for apartments in Sydney fell only 0.9% in the September quarter, to $545 a week. This means a household needs to earn about $94,000 a year to avoid housing stress. About half of the households in Sydney earn less than this.
Adding to these cost pressures, tenancy laws are strongly weighted in favour of landlords. This gives tenants little security of tenure and exposes them to frequent upheaval, inadequate conditions and rental hikes.
But public housing tenants are also facing upheaval and uncertainty in inner-city areas such as Waterloo and Redfern, as a result of redevelopments that they feel are aimed at pushing their communities out of the city.
What is happening to public housing?
The lack of public housing investment in New South Wales and the costs of private rental mean over 50,000 people are on the state waiting list. In inner-city areas, they face a wait of five to ten years for public housing.
Through the Communities Plus program and the Social and Affordable Housing Fund, the NSW government plans to build 27,000 more social and affordable homes. But this figure is somewhat misleading. In the last three years, the government has sold off half as much public housing as it has built. And the figure of 27,000 looks more like 9,900 when you consider that this includes around 17,000 dwellings that will be demolished and rebuilt.
Several of the housing estates that remain will undergo massive redevelopment. One of these projects involves Sydney’s largest inner-city public housing estates, in Waterloo. The redevelopment will transform it into a mixed estate of 70% private housing and 30% social housing, going from just over 2,000 dwellings to potentially more than 7,000.
Residents fear being pushed out
<img src="https://images.theconversation.com/files/246155/original/file-20181119-27770-5vm6vj.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
The Waterloo redevelopment will produce a mixed estate of 30% social housing and 70% private. Carol Tang, Author provided
Since the redevelopment was announced in 2015, we have been working with the residents of Waterloo to understand their experience of the redevelopment. Many residents feel the project is a ploy to “move the poor people out of the city”, as one of them put it.
While the government has promised everyone the right to return, there is still a huge amount of uncertainty. And this is justified given that, like many large infrastructure projects conceived during Sydney’s boom time, the Waterloo project will be subject to many changes and delays.
<img src="https://images.theconversation.com/files/246164/original/file-20181119-76131-1afyq2u.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
Residents of the Matavai and Turanga towers installed coloured lights in their windows to make a statement: ‘We live here’. Nic Waler, Author provided
The residents of Waterloo, however, will not go quietly. “People are trying to speak up,” says Maryanne Laumua, a Waterloo tenant and key team member of the WeLiveHere2017 project.
One of the ways that residents are speaking up is by making their presence known on Sydney’s skyline. In September 2017, residents in the tallest of Waterloo’s towers, Matavai and Turanga, installed coloured lights in their apartment windows to make a statement: “We live here”. The residents’ efforts are chronicled in a new ABC documentary, There Goes Our Neighbourhood.
A long history of displacement
A history of displacement through colonialism, redevelopment and evictions has shaped Waterloo and neighbouring Redfern. The Gadigal people were violently dispossessed of their country after European invasion. Throughout the last century, “slum clearance” displaced many working-class households.
The demolition of The Block in Redfern removed many Aboriginal families from their homes. The redevelopment in neighbouring Waterloo comes at a time when approval has been given to redevelop The Block. The Redfern development includes construction of student housing that seems to have priority over affordable Indigenous housing.
These areas also have a long history of organising against displacement. Waterloo residents joined with the unions as part of the 1970s Green Bans campaigns to limit the destruction of working-class housing in the suburb. Jenny Munro and other Aboriginal leaders have campaigned tirelessly for the rights of their community, which includes a years-long tent embassy protest on the site of The Block.
The redevelopment of Waterloo’s public housing estate will hardly make a dent in easing housing pressure in Sydney. And as Waterloo resident Karyn Brown puts it: 
"To solve the city’s housing crisis, they are picking on public housing tenants, those on the second rung of the housing ladder."
Waterloo tenants resisting the redevelopment are concerned that it’s a form of state-led gentrification. They see the notion of “social mix” — the idea that introducing private owners and tenants can “fix” disadvantaged communities — as a smokescreen for the class upgrading of their neighbourhood. Indeed, there is little empirical evidence to support the notion that social mix can solve a community’s problems.
Rather than a project intended to alleviate their disadvantage, many tenants feel that “social mix” is both classist and racist. As Lorna Munro and Joel Sherwood-Spring put it, the dilution of the existing community including the Aboriginal population is simply a continuation of the colonial project.
The residents of Waterloo’s public housing might be far from the city’s wealthiest residents, but they’ve got fighting spirit and community pride in spades. As There Goes Our Neighbourhood shows, this community is diverse, creative and determined to fight for their right to remain in the city.
Pratichi Chatterjee, PhD Student, Urban Geography, University of Sydney
Alistair Sisson, PhD Candidate, Urban Geography, University of Sydney
Jenna Condie, Lecturer in Digital Research and Online Social Analysis, Western Sydney University
Laura Wynne, PhD Candidate, School of Social Sciences, UTas and Senior Research Consultant, Institute for Sustainable Futures, UTS, University of Tasmania
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/we-still-live-here-public-housing-tenants-fight-for-their-place-in-the-city-107188" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Public housing tenants fighting for their place in the city

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A brand new Pimpama Service Centre, located in Queensland’s second fastest growing suburb, has hit the market.
The property, 45km south of the Brisbane CBD and 30km north of the Gold Coast, is anchored by high profile international and national food brands and established retailers including United Petroleum, Pizza Hut, Carls Jr, Red Rooster and Zambrero.
The service centre is situated on an 8,750 sqm site, opened in July this year. It offers an annual income of around $980,000.
<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/2018/11/26/BRIS_RET_Pimpama2.jpg" alt="">
The centre benefits from a strategic position in Pimpama - Queensland’s fastest – and Australia’s second fastest - growing suburb with 25% population growth per annum.
 
Choice Homes are <a href="/expert-insights/building/pimpama-village-on-the-gold-coast-soon-to-sell-out-stage-three">currently building Pimpama Village</a>, which are selling out fast in the local area.
CBRE’s Darren Collins, Joseph Du Rieu and Kevin Tong have been appointed to manage the sale of the service centre on behalf of ADCO Constructions. 
Collins said the sale represented an outstanding opportunity to acquire a thriving asset with long lease and strong income potential. 
“Pimpama has had an extremely strong growth story over the past five years, which is attributed to its ideal location that offers affordable coastal living very close to the M1- the main road linking Brisbane and the Gold Coast," he said.
"This premier location will underpin the success of the centre and its retailers,” Mr Collins said. 
“Earlier this year, Carls Jr opened its 20th Australian store at Pimpama, marking one of the retailer’s most successful store openings to date and highlighting the tremendous appeal and strength of this outstanding location.”
The Pimpama Service Centre is being offered for sale with a 12-year WALE – with its newest retailers, Pizza Hut and a Chinese eatery, opening this week. 
 
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Service Centre in Qld’s booming Pimpama hits the market

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Knight Frank's Asia-Pacific Prime Office Rental Index for Q3 2018 has showed slower growth, however is still on the rise.
The Q3 Index increased saw an increase of 2.3% quarter-on-quarter and 6.4% year-on-year.
The index showed slower growth, as office occupiers delayed significant real estate decisions amidst rising US-China trade tensions
<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/2018/11/26/asian%20pacific%202.jpg" alt="">
Despite slower growth, 18 out of the 20 cities tracked report stable or increased rental growth.
Rental growth in Sydney and Melbourne continues to be among the strongest in the region, recording further increases during the quarter to be up 14% and 7% over the past year respectively  
Knight Frank's head of research and consulting Australia Ben Burston puts the increases down to employment growth and subdued development activity.
“Buoyant employment growth and subdued development activity continues to drive rental uplift in Sydney and Melbourne, which have recorded some of the strongest growth in the region over the past year," Burston said.
"The level of supply scheduled to deliver in 2019 simply will not redress the imbalance, and this will continue to drive rents and motivate tenants to pursue densification strategies or consider emerging fringe markets where expansion can be more easily achieved.”
Asia-Pacific Prime Office Rents
<table style="width: 430px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="91">
City
</td>
<td valign="top" width="126">
Submarket(s)
</td>
<td valign="top" width="117">
3-month % change (Q2 2018 - Q3 2018)
</td>
<td valign="top" width="96">
Forecast next 12 months
</td>
</tr>
<tr>
<td valign="top" width="91">
Brisbane
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.7%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Melbourne
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
2.6%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Perth
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.2%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Sydney
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
2.5%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Tokyo*
</td>
<td valign="top" width="126">
Central 5 Wards
</td>
<td valign="top" nowrap width="117">
5.6%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Beijing
</td>
<td valign="top" width="126">
Various
</td>
<td valign="top" nowrap width="117">
0.7%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Guangzhou
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.3%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Shanghai
</td>
<td valign="top" width="126">
Puxi, Pudong
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Decrease
</td>
</tr>
<tr>
<td valign="top" width="91">
Hong Kong
</td>
<td valign="top" width="126">
Central
</td>
<td valign="top" nowrap width="117">
2.7%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Taipei
</td>
<td valign="top" width="126">
Downtown
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Seoul
</td>
<td valign="top" width="126">
CBD, GBD, YBD
</td>
<td valign="top" nowrap width="117">
-0.7%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Bengaluru
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.4%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Mumbai
</td>
<td valign="top" width="126">
BKC
</td>
<td valign="top" nowrap width="117">
3.9%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
NCR
</td>
<td valign="top" width="126">
Connaught Place
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Phnom Penh
</td>
<td valign="top" width="126">
City Centre
</td>
<td valign="top" nowrap width="117">
0.1%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Jakarta
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Same
</td>
</tr>
<tr>
<td valign="top" width="91">
Kuala Lumpur
</td>
<td valign="top" width="126">
City Centre
</td>
<td valign="top" nowrap width="117">
-0.2%
</td>
<td valign="top" nowrap width="96">
Decrease
</td>
</tr>
<tr>
<td valign="top" width="91">
Singapore
</td>
<td valign="top" width="126">
Raffles Place, Marina Bay
</td>
<td valign="top" nowrap width="117">
1.1%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Bangkok
</td>
<td valign="top" width="126">
CBD
</td>
<td valign="top" nowrap width="117">
0.0%
</td>
<td valign="top" nowrap width="96">
Increase
</td>
</tr>
<tr>
<td valign="top" width="91">
Manila
</td>
<td valign="top" width="126">
Various
</td>
<td valign="top" nowrap width="117">
0.8%
</td>
<td valign="top" nowrap width="96">
Decrease
</td>
</tr>
</tbody></table>
<a href="https://www.propertyobserver.com.au/images/2018/11/26/asian%20pacific%202.jpg" target="_blank">Click here</a> to enlarge:
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Slower office rental growth, but still increasing: Knight Frank's Prime Office Rental Index

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EXPERT OBSERVER
Urgent and radical change in urban transport policies and practices will benefit the planet and future generations.
The UN Intergovernmental Panel on Climate Change recently warned that <a href="https://www.theguardian.com/environment/2018/oct/08/how-the-un-climate-panel-ipcc-got-to-15c-threshold-timeline" target="_blank">global warming could reach 1.5℃ as early as 2030</a>. The landmark <a href="http://www.ipcc.ch/report/sr15/">report</a> by leading scientists urged nations to do more to avert an impending crisis.
<a href="https://www.vox.com/2018/10/8/17948832/climate-change-global-warming-un-ipcc-report" target="_blank">We have 12 years</a>, the report said, to contain greenhouse gas emissions. This includes serious efforts to reduce transport emissions. 
In Australia, transport is the <a href="https://www.climatecouncil.org.au/resources/transport-fact-sheet/" target="_blank">third-largest source of greenhouse gases</a>, accounting for around <a href="/news">17% of emissions</a>. Passenger cars account for <a href="https://www.climatecouncil.org.au/resources/transport-fact-sheet/" target="_blank">around half of our transport emissions</a>.
The transport sector is also one of the strongest factors in emissions growth in Australia. Emissions from transport have <a href="/news">increased nearly 60% since 1990</a> – <a href="https://www.climatecouncil.org.au/resources/transport-fact-sheet/" target="_blank">more than any other sector</a>. Australia is ranked <a href="https://aceee.org/research-report/i1801" target="_blank">20th out of 25 of the largest energy-using countries for transport energy efficiency</a>.
Cities around the world have many opportunities to reduce emissions. But this requires renewed thinking and real commitment to change.
Our planet can’t survive our old transport habits
Past (and still current) practices in <a href="https://theconversation.com/australian-infrastructure-plan-has-some-way-to-go-to-give-our-cities-what-they-need-54954" target="_blank">urban and transport planning</a> are fundamental causes of the transport problems we face today.
Over the past half-century, cities worldwide have <a href="https://theconversation.com/density-sprawl-growth-how-australian-cities-have-changed-in-the-last-30-years-65870" target="_blank">grown rapidly, leading to urban sprawl</a>. The result was high demand for motorised transport and, in turn, increased emissions.
The traffic gridlock on roads and motorways was the catalyst for most transport policy responses during that period. The solution prescribed for most cities was to <a href="https://theconversation.com/stuck-in-traffic-we-need-a-smarter-approach-to-congestion-than-building-more-roads-84774" target="_blank">build out of congestion by providing more infrastructure for private vehicles</a>. Limited attention was given to <a href="https://theconversation.com/on-the-road-research-can-improve-transport-across-australia-43643" target="_blank">managing travel demand</a> or improving other modes of transport.
Equating mobility with building more roads nurtured a tendency towards increased motorisation, reinforcing an ever-increasing inclination to expand the road network. The result was a range of unintended adverse <a href="http://www.oecd.org/economy/rethinking-urban-sprawl-9789264189881-en.htm" target="_blank">environmental, social and economic consequences</a>. Most of these are rooted in the high priority given to private vehicles.
What are the opportunities to change?
The various strategies to move our cities in the right direction can be grouped into four broad categories: avoid, shift, share, and improve. Major policy, behaviour and technology changes are required to make these strategies work.
Avoid strategies aim to slow the growth of travel. They include initiatives to reduce trip lengths, such as <a href="https://theconversation.com/higher-density-and-diversity-apartments-are-australia-at-its-most-multicultural-97176" target="_blank">high-density</a> and <a href="https://theconversation.com/a-place-to-live-work-and-play-why-mixed-use-developments-are-making-a-comeback-73142" target="_blank">mixed land use developments</a>. Other options decrease private vehicle travel – for example, through car/ride sharing and <a href="https://www.gizmodo.com.au/2015/12/how-to-fix-traffic-congestion-in-australia/" target="_blank">congestion pricing</a>. And <a href="https://theconversation.com/go-forth-and-telework-but-will-it-work-for-you-10682" target="_blank">teleworking</a> and e-commerce help people avoid private car trips altogether.
Shanghai’s Hongqiao transport hub is a unique example of an <a href="https://uic.org/cdrom/2013/nextstation/doc/proceedings/3Ajianping.pdf" target="_blank">integrated air, rail and mixed land use development</a>. It combines Hongqiao’s airport, metro subway lines, and regional high-speed rail. A low-carbon residential and commercial <a href="https://www.usgbc.org/articles/building-shanghai-tomorrow-hongqiao-cbds-low-carbon-transportation-hub">precinct</a> surrounds the hub.
<a href="https://images.theconversation.com/files/246775/original/file-20181122-161609-x8oxhj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/246775/original/file-20181122-161609-x8oxhj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Layout of Shanghai Hongqiao integrated transport hub.<a href="https://www.researchgate.net/figure/Layout-of-Shanghai-hongqiao-integrated-transport-hub-SHITH_fig1_309453749"> </a>
Shift strategies encourage travellers to switch from private vehicles to public transport, walking and cycling. This includes improving bus routes and service frequency.
<a href="https://theconversation.com/stuck-in-traffic-we-need-a-smarter-approach-to-congestion-than-building-more-roads-84774" target="_blank">Pricing strategies</a> that discourage private vehicles and encourage other modes of transport <a href="https://www.ted.com/talks/jonas_eliasson_how_to_solve_traffic_jams" target="_blank">can also be effective</a>. Policies that include <a href="https://www.theguardian.com/money/2018/jul/02/norway-electric-cars-subsidies-fossil-fuel" target="_blank">incentives</a> that make electric vehicles more affordable have been shown to encourage the shift.
Norway is an undisputed world leader in electric vehicle uptake. <a href="https://www.theguardian.com/environment/2017/dec/25/norway-leads-way-electric-cars-green-taxation-shift" target="_blank">Nearly a third of all new cars sold in 2017 were a plug-in model</a>. The electric vehicle market share was expected to be as much as 40% within a year.
An electric vehicle charging station in the Norwegian capital Oslo. <a href="https://www.shutterstock.com/image-photo/electric-car-charging-station-oslo-eco-670494520?irgwc=1&amp;utm_medium=Affiliate&amp;utm_campaign=TinEye&amp;utm_source=77643&amp;utm_term="> </a>
Share strategies affect car ownership. New sharing economy businesses are already moving people, goods and services. Shared mobility, rather than car ownership, is providing city dwellers with a real alternative.
This trend is likely to continue and will pose significant challenges to car ownership models.
Uber claims that its <a href="https://www.uber.com/en-IN/blog/mumbai/onestepforward-with-uberpool/" target="_blank">carpooling service in Mumbai</a> saved 936,000 litres of fuel and reduced greenhouse gas emissions by 2,662 metric tonnes within one year. It also reports that <a href="http://www.cityam.com/242760/uber-reveals-london-ride-sharing-figures-for-uberpool" target="_blank">UberPool in London</a> achieved a reduction of more than 1.1 million driving kilometres in just six months.
<img src="https://images.theconversation.com/files/244778/original/file-20181109-35554-ym7dj5.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
UberPool is available in inner Melbourne suburbs. Trip must begin and end in this area.
Improve strategies promote the use of technologies to optimise performance of transport modes and <a href="https://theconversation.com/intelligent-infrastructure-when-roads-and-vehicles-talk-to-each-other-7865" target="_blank">intelligent infrastructure</a>. These include <a href="https://www.weforum.org/agenda/2015/03/why-our-cities-need-smart-transport/" target="_blank">intelligent transport systems</a>, urban information technologies and emerging solutions such as <a href="https://www.itf-oecd.org/files/urban-mobility-system-upgrade" target="_blank">autonomous mobility</a>.
Our <a href="https://www.tandfonline.com/doi/abs/10.1080/23249935.2018.1528485?journalCode=ttra21" target="_blank">research</a> shows that sharing 80% of autonomous vehicles will reduce net emissions by up to 20%. The benefits increase with wider adoption of autonomous shared electric vehicles.
Autonomous vehicles can offer first- and last-kilometre solutions, especially in outer suburbs with limited public transport services. <a href="https://www.shutterstock.com/image-photo/iot-smart-automotive-driverless-car-artificial-794528215?irgwc=1&amp;utm_medium=Affiliate&amp;utm_campaign=TinEye&amp;utm_source=77643&amp;utm_term="> </a>
The urgency and benefits of steering our cities towards a path of low-carbon mobility are unmistakable. This was recognised in the past but progress has been slow. Today, the changing context for how we build future cities – smart, healthy and low-carbon – presents new opportunities.
If well planned and implemented, these four interventions will collectively achieve transport emission reduction targets. They will also improve access to the jobs and opportunities that are preconditions for sound economic development in cities around the world.<img src="https://counter.theconversation.com/content/106076/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
<a href="https://theconversation.com/profiles/hussein-dia-110689" target="_blank">Hussein Dia</a>, Chair, Department of Civil and Construction Engineering, <a href="http://theconversation.com/institutions/swinburne-university-of-technology-767" target="_blank">Swinburne University of Technology</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/four-ways-our-cities-can-cut-transport-emissions-in-a-hurry-avoid-shift-share-and-improve-106076" target="_blank">original article</a>.
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Four ways our cities can cut transport emissions in a hurry

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Strong trading has prompted healthy food purveyors and café Cocomamas to expand into a nearby bigger space within its home suburb of Elsternwick.
It will move around the corner to an 80sqm space on busy Glen Huntly Road following a deal negotiated by Fitzroys agent Jordan Ceppi, following a high level of demand for the space from hospitality operators.
Ceppi negotiated the 4x4-year deal for <a href="https://www.realcommercial.com.au/property-retail-vic-elsternwick-502917398" target="_blank">341 Glen Huntly Road</a> at $55,000 per annum on behalf of a private investor.
“Cocomamas will move from their smaller premises of 20sqm that has served them well in their formative period, and their strong performance has prompted the operators to take the next step in its journey,” Ceppi said.
Ceppi said the precinct’s offering of national and well regarded local tenants and operators had benefited from numerous mixed use developments recently completed and in various stages of planning, bolstering the immediate residential catchment.
“Glen Huntly Road has developed an attractive lifestyle and hospitality offering, bringing people to the precinct across all hours,” he said.
“A large proportion of Melbourne’s rapid population growth is being accommodated in the inner- and middle-suburban retail strips, generating sustained local demand for hospitality and retail services in particular.”
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Cocomamas cafe expands in Elsternwick

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NSW local councils are being encouraged to work with property owners who have unpaid rates to get on payment plans instead of taking ratepayers to court.
The State’s 128 councils collect more than $4 billion in rates each year which fund roads, footpaths, libraries, parks and swimming pools. 
Council actions to recover debts for unpaid rates make up 30 per cent of Local Court civil matters.
"More than 80 per cent of these claims involved amounts less than $2,000 and a high proportion were settled, paid or written off by councils before judgement,” Attorney General Mark Speakman said.
Local Government Minister Gabrielle Upton and Attorney General Mark Speakman released new Debt Management and Hardship Guidelines and called on all councils in NSW to review their policies and procedures to treat ratepayers more fairly.
The guidelines promote a range of strategies and actions councils can use to help ratepayers pay on time including:
<ul>
<li>·         a ‘stop the clock’ approach to suspend debt recovery, legal action and interest accrual while a ratepayer’s hardship application is awaiting determination or while they are complying with a payment plan;</li>
<li>·         tailored plans and flexible payment options including weekly, fortnightly and monthly instalments;</li>
<li>·         promoting Centrepay as a voluntary way for people to pay their rates directly from their Centrelink payments;</li>
<li>·         discounts to provide incentives for prompt payment in full;</li>
<li>·         greater discounts for pensioners facing hardship;</li>
<li>·         options for ratepayers to receive their rates and pay their rates electronically; and simplified rates notices including information in relevant languages.</li>
</ul>
<a href="https://www.olg.nsw.gov.au/content/debt-management-and-hardship-guidelines-0" target="_blank">The guidelines</a> have been issued by the Office of Local Government under the Local Government Act.
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New debt collection measures as council rate debt recovery make up 30 per cent of NSW Local Court civil matters

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The now not so hip activist investor Nick Bolton has emerged as a backer of Antony Catalano’s 11th-hour plan to derail the Fairfax-Nine merger.
The former Domain CEO has confirmed he will mount a court challenge to the merger between Fairfax Media and Nine Entertainment.
Catalano says he has a superior proposal to the Fairfax-Nine merger, which was given shareholder approval last week.
He will ask the Federal Court to reject or defer the deal as he has support from shareholders.
"I have heard from a number of shareholders that would like to consider an alternative proposal," Catalano says.
Catalano says his court submission would outline a "range of concerns" with the Fairfax-Nine merger.
Controversial greenmailer Nick Bolton's investment vehicle Aurora Funds Management was set to appear before Judge Jacqueline Gleeson.
On the evening before the shareholder vote last Monday week, Catalano launched a dramatic eleventh hour bid to stall the merger by revealing he had a plan to implement a range of asset sales to deliver value to shareholders.
Catalano sent a letter to the Fairfax board at 8pm Sunday, with the board meeting to reject the proposal ahead of the 10am Monday shareholders' meeting.
The Fairfax board rejected the approach and proceeded with the long-scheduled vote of the merger.
Nine and Fairfax sources expect Catalano's court action to be unsuccessful.
And Herald Sun columnist Terry McCrann wrote Catalano was "not the 2018 version of the 1980s corporate raider and master manipulator Robert Holmes a Court. Not even close.'
"If Holmes a Court had pulled a stunt like the one you tried on Fairfax Media on Sunday night, it would have been an elegant combination of real financial substance, loaded with menace, and actually committing him to nothing."
"To call it an inept and rather embarrassing joke would be to give it more credibility than it deserved," McCrann wrote.
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Antony Catalano’s 11th-hour plan to derail the Fairfax-Nine merger hits Federal Court

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A demand for affordable and housing is driving a continuing drop in median lot sizes across Melbourne’s greenfield market.
The median lot size has dropped from 514 square metres in 2009 to 405 square metres in 2017, according to data cited by AVID Property Group.
The developers are looking to capitalise on the demand with its recently released Orbit Homes Tempo Living collection at Bloomdale, a masterplanned community in Diggers Rest.
<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/2018/11/22/Tempo%20Living%20-%20Madrid%20Facade%20low%20res.jpg" alt="">
AVID Property Group Senior Development Manager Chris Monahan said the group was seeing the benefits of partnering with builders such as Orbit Homes to produce smaller, smarter and affordable homes.
“The Tempo Living homes are a well-designed and well-priced product, which offer a unique opportunity for buyers to snap up some of the best-located blocks in Bloomdale’s masterplanned community,” Monahan said.
“Following its success in Bloomdale in early 2017, the Tempo Living collection offers three- bedroom house and land packages, priced from $442,340, all within 45 minutes from Melbourne’s CBD.”
Orbit Homes Sales and Marketing Director Paul Millson said smart design and functionality can go a long way in making homes on smaller blocks feel spacious.
“We have a dedicated team working on the functionality and layout of our Tempo Living designsto ensure we maximise the use of space, open planning and low maintenance living to meetconsumer’s accommodation needs,” Millson said.
“As the dream of quarter-acre blocks fades into the past, people are seeing the value of living within an existing community.
“These homes may have a smaller yard, but we ensure the lots are integrated into well located communities like Bloomdale with surrounding parks, amenity, open space and infrastructure.”
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Smaller, smarter and affordable homes the focus of new release at Bloomdale

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In 2017/18, real economic output grew by 2.8% nationally, accelerating from 2.3% in 2016/17, according to the latest State by State Growth Report from Westpac.
The NSW economy performed over the past four years with output growth averaging an above trend 3.1% - the strongest four year performance for the state since the late 1990s.
The report found: "output growth was 2.8% in 2014/15, surging to 4.0% in 2015/16 and then moderating to 3.1% in 2016/17 and 2.6% in 2017/18 particularly as housing has become less supportive."
By industry, agriculture, real estate and professional services led the growth moderation in 2017/18.
Construction added a 0.4ppts to growth with broad strength as investment responded to the growing needs of a rising population.
<img src="https://www.urban.com.au/images/2018/11/22/WESTPAC%20NSW.JPG" alt="">
The Victorian economy has been performing strongly, in particular, driven by a population boom.
Output growth was 3.5% in 2017/18, matching the average for the past four years but down from on last year.
Andrew Hanlan, the report author, noted: "State demand grew to 4.7% in 2017/18, up from 4.2%, the fastest pace in a decade.
"On a per capita basis, output grew by 1.2% in 2017/18, in line with the national average.
"Construction remained a key growth driver."
<img src="https://www.urban.com.au/images/2018/11/22/WESTPAC%20NSW%202.JPG" alt="">
In Western Australia output bounced back from a 1.8% decline this year to grow by 1.9% this year.
The construction sector added 0.2ppts to activity in 2017/18, a turnaround from a 2.6ppts drag in 2016/17.
Mining output was a key growth driver, adding 0.8ppts, with new capacity coming on stream, according to the report.
"Consumer related sectors were subdued, significantly underperforming gains across the rest of the country as household incomes remained under pressure," Hanlan said.
<img src="https://www.urban.com.au/images/2018/11/22/WESTPAC%20NSW%204.JPG" alt="">
The Queensland economy grew 3.4%, the strongest levels since 2011/12.
Construction added 0.4ppts to activity, a turnaround from a -0.1ppts impact in 2016/17 and from the sharp negatives in 2014/15 and 2015/16.
"srowth was broadly based across a range of business sectors, indicative of an improvement in underlying conditions," Hanlan said. 
<img src="https://www.urban.com.au/images/2018/11/22/WESTPAC%20NSW%203.JPG" alt="">
The South Australian economy expanded by 2.0%, slightly reduced on last year's 2.4% but in line with the long term average.
This is an improvement on the previous six years, when growth averaged just 0.9%.
Andrew Hanlan found: "the health sector added an exceptional 0.8ppts to activity, well above the national average (0.4ppts) boosted by the progressive roll-out of the National Disability Insurance Scheme.
"Construction advanced, +0.3ppts, after three years of modest negatives, with home building and business investment expanding," he added.
<img src="https://www.urban.com.au/images/2018/11/22/WESTPAC%20NSW%205.JPG" alt="">
The 2017/18 year was a standout for Tasmania, with output growth of 3.3%, a doubling of the 1.5% rise in 2016/17 and the strongest post GFC result in a decade.
"Per capita output growth of 2.3% in 2017/18 was the envy of all other states," stated Hanlan.
"State final demand grew by 4.1% in the year, with broad based strength across the consumer, housing, business investment and public demand."
The health sector was a key growth driver, +0.7ppts.
Of the 19 broad industries, none were a drag on activity in 2017/18 - a relatively rare outcome, Hanlan said.
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How each state economy is performing: Westpac

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GUEST OBSERVATION
When it comes to access to housing in Australia, the playing field is far from even.
<a href="https://onlinelibrary.wiley.com/doi/full/10.1111/1745-5871.12313" target="_blank">Our recent research</a> has found that “race” matters. Many Australians experience racism and discrimination based on their cultural background.
This is particularly the case for Asian Australians. They experience much <a href="https://www.sbs.com.au/news/no-place-for-racism-mayor-fights-back-over-anti-asian-poster-blitz" target="_blank">higher rates of racism across a variety of everyday settings</a>, but particularly when renting or buying a house.
Asian Australians’ experiences of racism
<a href="https://www.westernsydney.edu.au/challengingracism/challenging_racism_project/our_research/face_up_to_racism_2015-16_national_survey" target="_blank">An online national survey</a> of 6,001 Australians measured the extent and variation of racist attitudes and experiences. We examined the impacts of where Australians are born and what language they speak at home on their experiences of racism.
<a href="https://researchdirect.westernsydney.edu.au/islandora/object/uws:39004" target="_blank">Our research</a> revealed that if you were born overseas, or if your parents were born overseas and you speak a language other than English at home, you are likely to have many more experiences of racism than other Australians. Racism is experienced in a variety of settings –workplaces, educational institutions, shopping centres, public spaces and online.
Survey participants born in Asia were twice as likely as other Australians to experience everyday racism. In fact, 84% of these Asian Australians experienced racism.
For those born in Australia to parents who were both born in an Asian country, rates of racism were just as high (86%).
If you speak an Asian language at home, your experiences of racism are also likely to be high. Speakers of South Asian and East Asian languages experience racism at alarming rates – 85% and 88% respectively. Those who speak Southwest/Central Asian and Southeast Asian languages experience rates of discrimination (79% and 78% respectively) similar to those for all participants of a non-English-speaking background (77%).
Anti-Asian housing discrimination
<a href="https://www.researchgate.net/publication/240629570_Racism_in_Australia_Cultural_imperialism_disempowerment_violence" target="_blank">Published findings</a> for New South Wales and Queensland in the 1990s revealed that 6.4% of Australians reported having experienced ethnic-based discrimination when renting or buying a house. Our <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/1745-5871.12313" target="_blank">recent national study</a> has found this proportion has increased dramatically. In recent years, 24% of Australians have experienced housing discrimination.
As with the broader pattern of everyday racism, Asian Australians are feeling the brunt of housing discrimination. Almost six in ten (59%) Asia-born participants in our study experienced racism in accessing housing. This compares to only 19% of non-Asian-born participants.
Asia-born respondents were also more likely to report frequent experiences of housing discrimination. Some 13% reported these experiences occurred “often” or “very often”. This is more than three times the average exposure of non-Asian-born Australians.
In particular, participants born in Northeast and South/Central Asia are more frequently exposed to racism in housing. And 15% and 16% respectively reported housing discrimination occurred “often” or “very often”. This compares to only 9% of those born in Southeast Asia.
The survey also found that if you have two Asia-born parents you are highly likely to experience such racism (44%). Similarly, if you speak a language other than English at home (especially an Asian language), you are more likely to experience housing discrimination (45%).
South Asian language speakers (e.g. Hindi, Tamil, Sinhalese) experience housing discrimination at a much higher rate of 63%. The rate for East Asian language speakers (e.g. Chinese, Japanese, Korean) is 55%. Only 19% of English-only speakers had the same experiences.
Why is this happening?
These findings suggest that the owning and occupying of space by Asian Australians is seen as a threat to Anglo-Australian hegemony. Alternatively, or perhaps relatedly, many real estate agents and owners assume Asians are somehow suspect, or will be a lesser quality tenant or owner. This would be an echo of colonial racist thinking in which Asians were seen as <a href="https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1745-5871.2010.00647.x" target="_blank">biologically inferior and a potential source of racial impurity</a>.
The repression of Chinatowns and more recent <a href="http://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=6&amp;ved=2ahUKEwjW5c2sk_ndAhXHEXAKHaeiBdYQFjAFegQIBBAC&amp;url=http%3A%2F%2Fmyassignment.help.com.1.s3.amazonaws.com%2F175156_318938547.pdf&amp;usg=AOvVaw30E4JYk4Q9glqwo1SDQmVE" target="_blank">moral panics about Indo-Chinese settlement areas in Sydney and Melbourne</a> – such as Cabramatta and Richmond – point to these stereotypes of vice, uncleanliness and chaos. Perhaps this 20th-century troubling of the white spatial order is continuing today.
Sinophobia in Australia is also emerging in debates about <a href="https://theconversation.com/how-australian-cities-are-adapting-to-the-asian-century-103917" target="_blank">housing investment</a>, donations to political parties, university campus politics, the purchase of agricultural land for mining, as well as general concerns about Chinese government influence, geopolitics and human rights issues in China. Public debate is appropriate, but emerging hysteria and sensationalism are shifting into <a href="https://www.humanrights.gov.au/news/opinions/chinese-influence-debate-must-avoid-racism" target="_blank">animosity towards people with Chinese heritage in Australia</a>.
Authorities need to act
Exclusion from an important urban resource like housing can generate <a href="https://www.sciencedirect.com/science/article/pii/S0277953699004967" target="_blank">profound levels of substantive inequality</a>. This in turn is associated with health issues and poorer access to other elements of life chances like employment, transport and education. It can also generate society-wide issues like segregation and intergenerational inequality.
Australia has laws against racist discrimination in access to goods and services like housing. Our findings, <a href="https://www.tandfonline.com/doi/abs/10.1080/08111146.2015.1118376?journalCode=cupr20" target="_blank">among others</a>, indicate that housing discrimination is more acute for some groups than others, particularly Asian Australians. So where is the coordinated response to this clear injustice?
Alanna Kamp, Postdoctoral Research Fellow in Australian Cultural Geography, Western Sydney University
Ana-Maria Bliuc, Senior Lecturer in Social Psychology, Western Sydney University
Kathleen Blair, PhD Candidate, School of Social Sciences and Psychology, Western Sydney University
Kevin Dunn, Dean of the School of Social Science and Psychology, Western Sydney 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/asians-out-not-in-this-suburb-not-in-this-apartment-103919" target="_blank">original article</a>.
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We need a response to Anti-Asian housing discrimination

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

Joel Robinson

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

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

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

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

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

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

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

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

Staff reporter

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