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GUEST OBSERVER
Companies spend tens of billions of dollars each year on wellness programs - on gyms, health funds, yoga classes, and the like. But research shows only mixed success, with low take-up rates among employees and a poor return on investment for companies.
People attending work while sick costs the Australian economy about A$34.1 billion each year through lost productivity.
Rather than promoting these wellness programs, companies should instead design the workplace itself to support wellness. Sleep pods, air filtered by green walls, and selectively placed healthy food are already realities in some workplaces.
Through this kind of design, employees are “opted-in” to an environment that supports their health and well-being during the day. They don’t have to choose to take a walk at lunchtime or think about taking the stairs. The design of the workplace is engineered around creating these positive choices.
It isn’t just “presenteeism” (showing up to work in spite of medical problems such as back pain, headaches, or mental health issues) that is a problem. The cost of absenteeism in Australia is estimated at A$7 billion a year.
Meanwhile, the prevalence of chronic disease including obesity, diabetes and heart disease continues to rise among the workforce.
Modern work practices contribute to these diseases through the largely sedentary nature of modern office work. Increased sitting, for example, has been associated with higher risk of chronic disease.
 
Wellness programs that work
Wellness programs have become increasingly popular as companies and researchers have realised that productivity lies in the health of individual workers. The focus has also shifted to prevention of health problems rather than treating them after the fact.
Traditionally, this was accomplished by offering a range of services, from discounted health fund and gym memberships, and medical screening services, to activity-based programs such as in-house massages and yoga classes.
But simply giving employees lots of information about their health and telling them what to do doesn’t work. Research has shown that these programs don’t often change behaviour or help us to build new habits. If we are faced with too many choices, for example, our self control is quickly depleted.
So instead of simply presenting employees with options that are good for us, companies can borrow from behavioural economics and “nudge” us to change our behaviour.
Many workplaces are already using this design, covering a range of factors including lighting, air quality, materials, furniture, physical activity, and food.
Take the stairs, for example. In traditional offices lifts are generally positioned centrally, making them the easiest option. If you wanted to take the stairs that often means using the fire stairs, with the added risk that you might be locked out when you try to re-enter on another floor.
By simply moving the staircase into a central position you can make them the most convenient option for quickly moving between floors. This is common practice now at a wide variety of companies such as the Boston Consulting Group’s New York offices.
But let’s not stop there. By using experience design, employees can be incentivised in other ways to take the stairs.
Timber walls, natural lighting, art and music can be used to align with our natural preferences for attractive and calming environments, and nudge employees to take the stairs. At the offices of Delos in New York, sensors in the stairs record the number of trips employees take during the day.
Every time an employee uses the stairs, a drop of water is added to an electronic “waterfall” display. The more times you take the stairs, the bigger the waterfall gets.
This use of technology represents a bit of gamification within the workplace. It’s like a scorecard for stair use, and every trip comes with a visual reward that gradually adds up.
 
<img src="https://images.theconversation.com/files/207226/original/file-20180221-132670-yg9rzj.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Communal areas and greenery in the Delos New York HQ. Author provided
By creating well-designed, centrally located eating areas and providing healthy food choices, organisations can also encourage employees to make better food choices.
In one study researchers from Yale teamed up with Google to try and nudge employees towards healthy choices. Simple changes in the office cafe had huge results. Replacing loose M&amp;Ms with small packages reduced serving sizes by 58%, and putting up prominent signs increased the number of employees eating certain vegetable dishes by 74%.
Research also shows that air quality and lighting at work can have significant effects on brain function and productivity. Poor oxygen levels, toxic gases from furniture, and toxic chemicals are commonplace in modern workplaces, while poor lighting can cause headaches, eye strain, and tiredness.
Workplaces can be designed to counter some of these problems, by using circadian lighting systems for instance. Circadian lighting follows the patterns of natural light over the course of a day. Sleepy in the morning? The system will provide the right amount of light to wake you up. Circadian lighting results in your body releasing melatonin at the right times, helping employees unwind after work and improving sleep quality.
Using air filtration systems, as well as materials and furniture that don’t contain chemicals like formaldehyde, can significantly contribute to employees’ well-being and productivity. Providing natural ventilation, views of nature, and greenery in the workplace have also been shown to improve employee’s wellbeing and productivity.
Investing in office design has been seen as a “nice to have”, but the research shows it can also be seen as an investment. The costs of employee illness and lost productivity are high and even simple changes can have huge impact.
And while employees may be concerned about companies designing environments to engineer behavioural choices, this inclusion of behavioural insights is widespread, and can be seen in areas as diverse as city planning and retail.
<img src="https://counter.theconversation.com/content/91983/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">By providing environments that support and encourage employee well-being organisations can ensure that well-being is not something that people have to make a choice to opt-in on.
Libby Sander, Assistant Professor of Organisational Behaviour, Bond Business School
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/how-employers-can-design-workplaces-to-promote-wellness-91983" target="_blank">original article</a>.
Main photo: Putting staircases in the middle of offices can encourage more use. Author provided
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j.ballantyne1990-6AQqhLzZaK

How employers can design workplaces to promote wellness: Libby Sander 

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A contemporary Kellyville home set in the premiere Duncraig Estate has been sold at a record price.
The three-storey property in Sydney’s Hills District has sold for $3,325,000.
The 1091 square metre parcel of land at 28 Strathfillan Way last traded in 2014 for $620,000.
The house comes with six double-sized bedrooms, seven bathrooms, a six-car garage, a six-person lift as well as an infinity pool.
The house was built by the owner, Tony Younan.
Merc Real Estate selling agent Mechlenne Douaihy said the house was at the top end for buyers.
Some three buyers ensured the competitive final price.
More than 3000 cubes of sandstone was excavated with the whole house built on sandstone on the bush block.
The initial asking price was between $3.35 million and $3.65 million.
Spanning three levels with an eight person lift, the <a href="https://www.realestate.com.au/property-house-nsw-kellyville-126546082" target="_blank">vast Strathfillan Way home</a> has six bedrooms, seven bathrooms and a theatre room.
<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/2017/11/3/Kelly2.jpg" alt="">
A salt water finite edge pool cascades down to the second courtyard.
The third level, full width balcony has branch-like constructs.
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Kellyville residential record price set with trophy home sale

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A Charters Towers City, Queensland property has been listed for sale with $50,000 hopes.
It was listed for mortgagee sale by the agent Kym Whelan from Geaney's Real Estate.
It last traded at $183,000 in 2009, and at $74,000 in 2006 and $56,000 in 2004.
<a href="https://www.realestate.com.au/property-house-qld-charters+towers+city-127434326" target="_blank">The 3 Regent Street house</a> comes with three bedrooms, two sheds and an outdoor entertaining area.
The land size is 941 square metres. It had a $52,000 official land value in 2015.
According to CoreLogic, the suburb's median house price sits on $121,000.
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Charters Towers City, Queensland mortgagee property listed for $50,000

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Woodford is the Brisbane suburb that has had a dramatic decline in its house listings.
Investar suggests the decrease of sale stock is around 59%, from 68 houses this time last year to its current 28 offerings. 
A four bedroom house currently on the market is priced at <a href="https://www.realestate.com.au/property-house-qld-woodford-127387234?listingType=buy">$469,990</a> (pictured below). 
It came with open plan living area and large media room.
Town centre is within walking distance.
<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/2018/2/1/woodford.jpg" alt="">
Another Woodford four bedroom house currently on the market is priced at<a href="https://www.realestate.com.au/property-house-qld-woodford-111224963" target="_blank"> $447,600</a>, but yet to be built.
Schools including primary and high school and major sporting fields are in short car trip.
There was also another four bedroom house at Heather Court that sold for $500,000 last year (pictured below).
Located at<a href="https://www.realestate.com.au/sold/property-house-qld-woodford-124657058" target="_blank"> 10 Heather Court</a>, Woodford, it came with two bathrooms, large media room and three car accommodation.
<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/2018/2/1/woodford%202.jpg" alt="">
Investar puts it the suburb median rental at $320. 
The median house price of Woodford sits on $395,000 according to CoreLogic. 
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Woodford ranked QLD's biggest stock decrease suburb: Investar

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EXPERT OBSERVATION
The proposal by the NSW Treasurer to establish a NSW Productivity Commission could dramatically help with housing supply.
The proposal by NSW Treasurer, Dominic Perrottet, to set up a state version of the successful Productivity Commission that operates at the federal level is good news for the supply of housing across the state.
At the federal level the Productivity Commission has been very critical of the anti-competition issues that flow from restrictive zoning and of the amount of red tape in the NSW planning system.
They have also critiqued the complex planning systems across Australia as impacting on the nation’s productivity.
A critical role for the NSW Productivity Commission will be to review the impact of the multi-layered planning system has on housing supply and therefore housing affordability.
The new commission must look at the haphazard, piece-meal approach to affordable housing where each council seems to be developing its own policy yet the Greater Sydney Commission has a different approach.
The NSW Department of Planning and Environment has yet another policy position and Landcom has now been tasked to get involved in housing affordability.
These multiple levels of policy interventions seem to be unco-ordinated and confusing and are creating uncertainty and leading to a loss of productivity by the housing industry.
The report to the NSW Government by the former Governor of the Reserve Bank of Australia, Glenn Stevens, sets out a number of important economic directions that impact on productivity related to housing affordability.
Stevens raised concerns that planning decisions were often delegated to very local levels without any representation on behalf of the future population expected to require housing in the state.
The NSW Government has stated that 725,000 new homes are required for Sydney over the next 20 years but even in boom times we have not reached the average of 36,200 homes a year.
Clearly there is a productivity problem with Sydney’s housing supply.
Glenn Stevens also raised concerns about the zoning and approvals process and that these regulatory costs could add $150,000 to the cost of a dwelling in Sydney compared to a similar sized dwelling in Melbourne or Brisbane.
A NSW Productivity Commission must look at these issues.
The NSW Productivity Commission must also look at the impact of the government’s proposal to remove caps on infrastructure payments over the next four years so that extra costs do not simply add to the cost of housing.
The Urban Taskforce is keen to work with the proposed NSW Productivity Commission by providing ‘on the ground’ examples of where well-meaning regulations that control new housing are simply adding significant costs to a new home.
There are too many well-meaning state and local government regulations and levies that are contributing to the excessive costs of Sydney’s new housing and the new productivity commission will need to take a leadership role on behalf of consumers of new housing.
Chris Johnson is the Urban Taskforce CEO.
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NSW Productivity Commission could help housing supply: Chris Johnson

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The 2018 auction season has started well for McGrath as the company reports solid bookings for March.
Still booking auctions for the 17th and 24th March, McGrath anticipate both Saturdays will emerge as “Super Saturdays” in the lead-up to Easter. 
“The first strong indicator for us is Saturday 3rd March, where the network’s auctions have increased by 38 percent," Adrian Bo, the general manager of company owned sales said.
“We have noticed an upswing in our 2018 auction numbers leading into Easter compared to the same period for 2017," he said.
Its Sydney metro auction bookings are up 40% to the comparative period in 2017.
"We are seeing the largest increase YOY in Sydney’s Eastern Suburbs (+115%) with 28 properties to be auctioned on the first auction day in March, followed by the Sutherland Shire (+64%). 
“We were faced with a shortage of listing inventory this time last year due to reluctant sellers in a fluidly growing market.
"Vendors were fearful of the market getting away from them by around 10% if they sold first, without securing their new home in an equivalent market environment.
"As the Sydney market has now reached its peak, our clients seem more inclined to transact in an increasingly balanced market. We have certainly seen an uplift in buyer sentiment this calendar year.” 
Bo pointed to a townhouse at 5 Pitt Street, Randwick that passed in at auction in December 2017 with no registrations or bids sold this month for $2.5 million, well over the asking price. 
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McGrath sees two pre-Easter Super Saturdays

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The billionaire Melbourne investor Alex Waislitz says many shareholders in real estate website company Domain want the recently departed Antony Catalano back as its chief executive.
He said he was disappointed Catalano, who resigned unexpectedly last month, was not still its boss, adding his confidence in the overall leadership of Fairfax and Domain has been "dented".
He also suggested Nick Falloon should not be chairman of both Fairfax and Domain.
Waislitz offered himself to mediate some sort of rapprochement between Catalano and Fairfax management.
<div class="cq-article-content-media section">"Many of the investors I have spoken to, in light of the limited amount of information that has been made available publicly about [Mr Catalano's] behaviour, would say they would be happy to have him back," Mr Waislitz told The Australian Financial Review.
</div>
"I think Catalano has proven himself to be the best person to run the business at this point in time. I don't know who the candidates are that they are interviewing. Could he come back? I'm not sure. 
<div class="cq-article-content-paras section">
"Would he come back? I'm not sure."
<div id="article-inline-ad" class="adWrapper">The activist investor via his private investment group Thorney had been a close friend to Catalano.</div>
<div class="adWrapper"> </div>
<div class="adWrapper">Waislitz said he had sold some Domain stock since Catalano's resignation on January 22. </div>
</div>
<div class="cq-article-content-paras section">
"We have reduced our position over the last few months, and including since he left. We will be driven by the information that comes out. We may sell more, we may buy more. We are keeping our options open.
"I'm very disappointed [Mr Catalano] is not there because he was [the] driver. On the other hand, he built a great team and the company will go on regardless. Obviously there are details that are still to come out.
</div>
<div class="cq-article-content-paras section">
"I think wiser heads should be involved; other directors of the boards of Fairfax and Domain should get involved in the discussion, take the emotion out of it, take some of the egos out of it and come up with sensible way to end this that allows the company to go on and grow."
Domain reported a half-year operating profit of $56.8 million earlier this week.
Its shares are down about 10 per cent since the beginning of January.  
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Push for Antony Catalano to return to lead Domain

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Former McGrath chief operating officer Geoff Lucas has emerged, according to the Australian Financial Review, as the lead candidate to take the top job at real estate company.
It suggests Lucas could start his role as chief executive next Monday. He was previously at McGrath for a decade until just after the 2016 float.
<div>
Its former chief executive Cameron Judson left last Friday.
The paper suggests Lucas was a "clear choice" for the role, having seen "through a period of growth to 80 agencies from 16 on the eastern seaboard," sources indicated/calculated.
The Financial Review contacted Mr Lucas but he reportedly did not respond.
</div>
<div>The paper says McGrath and Lucas are still in negotiations.</div>
<div> </div>
<div>Lucas, who was overlooked for the chief executive role in 2016 in favour of Judson, then briefly joined artisan NSW bread maker and cafe group Sonoma as its chief operating officer.</div>
<div>
He is selling his Cremorne house through McGrath on Sydney's lower north shore to upgrade locally. 
</div>
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Former McGrath COO Geoff Lucas tipped to return to the agency

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Space Real Estate agent Scott Swingler has secured an offer for his City Beach trophy home.
It is a sandcastle <a href="https://www.realestate.com.au/property-house-wa-city+beach-124406482" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.realestate.com.au/property-house-wa-city%2Bbeach-124406482&amp;source=gmail&amp;ust=1519253789788000&amp;usg=AFQjCNErpCbyoNpNQ4RNelWcKRoKp_a3KQ">beach-inspired City Beach mansion</a>.
It is the second highest sale in City Beach, with the record remaining at 45 Boscombe Ave, City Beach, which was sold for $7.2 million in 2012.
Tani and Tim Richards purchased an old beach house at <a href="https://maps.google.com/?q=64+Branksome+Gardens&amp;entry=gmail&amp;source=g">64 Branksome Gardens</a> 26 years ago and transformed the property into an six-bedroom sandcastle-esque home in 2013.
 <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/2018/2/21/TROPHY%201.jpg" alt="">
The property was initially tipped to take out the suburb’s sales record.
The house, which is built over three levels, has an elevator.
It was constructed by hand from solid limestone.
Mrs Richards, who grew up in the prestigious coastal suburb, said her childhood was spent at the beach, building sandcastles.
It had been featured in: - Recon Daily Luxury List - Mansion Australia  - The Real Estate Conversation - The Sunday Times, Unreal Estate - The POST Newspaper - Domain.com.au - WAtoday.com.au - Australian Financial Review  - Homely.com.au - Homes.nine.com.au - Channel Nine News  - News.com.au - Daily Mail  - Property Observer - The Mercury  - Wall Street Journal  and the Robb Report.
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City Beach, Perth’s sandcastle house sold for $5.9 million

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GUEST OBSERVER
Energy efficiency in Australian homes is an increasingly hot topic. Spiralling power bills and the growing problem of energy poverty are set against a backdrop of falling housing affordability, contested carbon commitments and energy security concerns.
Most people agree we need modern, comfortable, eco-efficient homes. This article is not about the relatively few, new, demonstration “eco-homes” dotted around Australia. It is about the rest of our housing.
These mainly ageing homes might have had energy efficiency improvements done over the years, but invariably are in need of upgrading to meet modern standards of efficiency and comfort.
Since 2006, all new-build housing must meet higher energy efficiency standards. But we add only around 1% to the new housing stock each year.
Policies to improve energy efficiency in the other 99% are more fragmented. The focus is almost entirely on market-based incentives to “retrofit”. By this we mean material upgrades to improve housing energy and carbon performance.
The transition has begun
Nevertheless, a major retrofit transition is under way. In the last decade, around one in five Australian households has installed solar panels. More than three million upgrades have been carried out through the Victorian Energy Efficiency Target (now Victorian Energy Upgrades) initiative.
These impressive numbers describe a nationally important intervention. But does this mean we will soon all get to live in eco-homes, rather than just a lucky few?
Current retrofitting activity has occurred unevenly and may contribute to longer-term inequalities.
For example, rebates for deeper retrofits often are more accessible to the better-off home owners. They have matching cash and also rights to make major upgrades (as opposed to renters). This entrenches the existing reality that low-income renters tend to live in less energy-efficient homes.
Similarly, in the UK, retrofit incentives haven’t always successfully targeted those most in need. The distribution of costs has contributed to pushing up energy prices for those already in energy poverty. In Australia, up to 20% of households were already in energy poverty before recent price rises.
Thus, if poorly targeted and funded, energy efficiency initiatives might make existing dynamics worse and add to the cumulative vulnerabilities of housing affordability stress.
Keeping track of how homes rate
We cannot effectively monitor this. This is because Australia has no robust, longitudinal national database of property condition. There is no established, widespread practice of property owners obtaining property condition reports that set out the energy-efficiency performance and the most viable improvements that could be made.
This means we do not have a systematic way of knowing what we should do next to our homes, even if we are lucky enough to own them and have some cash available, as well as the time and motivation to retrofit.
To the rescue, at least in Victoria, is the new Victorian Residential Efficiency Scorecard. This is an advance on previous attempts (as in the ACT and Queensland) to develop comparable assessments of the energy efficiency and comfort levels of your home. Although voluntary, the scorecard will provide owners with a report on their home and a list of measures they can consider to transform it “eco-homewards”.
So, is the scorecard the answer to our problems? Will it bring forward the date when we can all live in comfy eco-homes? It will certainly help.
<img src="https://images.theconversation.com/files/206484/original/file-20180215-124914-1xet6qk.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
 Since 2010, the European Union has mandated ratings of how a building performs for energy efficiency and CO₂ emissions.
The European Union has had a mandatory system since the Energy Performance in Buildings Directive. The evidence suggests this has raised awareness of energy efficiency by literally putting labels of buildings in your face when you are deciding where to buy. It’s much like Australians have become used to energy efficiency labels on fridges and other appliances. However, evidence of this awareness actually leading to upgrade activity is more mixed and, in some cases, disappointing.
In short, we need the scorecard and should welcome it. However, we also need a set of other measures if we are to make the transformations to match our national policy objectives and our desires for a comfy eco-home.
What else needs to be done?
The research agenda is also shifting to explore the social and equity dimensions of the retrofit transition.
In areas where installation work on energy-efficiency/low-carbon retrofits is increasing, how is this working in households? Who makes decisions? How do they decide and with what resources? What or who do they call upon? And, more broadly, what are the positive or problematic consequences for equity and, therefore, for policy?
Emerging retrofit technologies and behaviours have broader social and economic contexts. This means we need to understand the wider meanings and practices of homemaking, the uneven social and income structures of households, and the home improvement service industry.
While the retrofit transition is arguably under way, its consequences and dynamics are still largely unknown. We need to refocus away from simply counting solar systems towards understanding retrofitting better. This depends on understanding both the households that are retrofitting their homes and the industries and organisations that supply them.
<img src="https://counter.theconversation.com/content/91231/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">To get energy policies right and overcome energy poverty, we need to bring together studies and initiatives in material consumption, sustainability and social justice.
Ralph Horne, Deputy Pro Vice Chancellor, Research &amp; Innovation; Director of UNGC Cities Programme; Professor, RMIT University
Emma Baker, Associate Professor, School of Architecture and Built Environment, University of Adelaide
Francisco Azpitarte, Ronald Henderson Research Fellow Melbourne Institute of Applied Economic and Social Research &amp; Brotherhood of St Laurence, University of Melbourne
Gordon Walker, Professor at the DEMAND Centre and Lancaster Environment Centre, Lancaster University
Nicola Willand, Research Consultant, Sustainable Building Innovation Laboratory, RMIT University
Trivess Moore, Research Fellow, RMIT University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/the-other-99-retrofitting-is-the-key-to-putting-more-australians-into-eco-homes-91231" target="_blank">original article</a>.
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Retrofitting is the key to putting more Australians into eco-homes

The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

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Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

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Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

Staff reporter

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