Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Joel Robinson

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

[smartcode_project:default project_id=95289 project_image_fid=366769]

A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

[smartcode_project:default project_id=95289 project_image_fid=366762]

The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

<html><body>
The Safeway supermarket that anchors Lend Lease’s Victoria Harbour Merchant Street retail strip in Melbourne’s Docklands has been listed for sale. 
The 2,681-square-metre supermarket on Merchant Street is the only full-line national supermarket in Docklands and the first major retail investment to be sold in the Victoria Harbour precinct. 
It was built by <a href="companies/lend-lease" target="_blank">Lend Lease</a> in 2008 and is leased to Safeway until May 2028 and brings in fully leased net income of around $910,000 per annum.
The sale includes two kiosks (72 square metres and 90 square metres) leased to food and beverage tenants and 120 car parks. 
Merchant Street includes 12 specialty retail outlets (totaling 1,500 square metres) at 63-93 Merchant Street and eight shops (measuring 1,300 square metres) across the road in The Gauge office building at 825 Bourke Street. 
Real estate listings suggest the strip is tightly held – unlike other parts of <a href="/news">Docklands</a> where many shops stand vacant – with no shops available for lease on Merchant Street and very few recent transactions. 
There are more than two dozen shops available for lease in other parts of Docklands, including in Victoria Harbour. 
The inclusion of the car park in the Safeway sale is considered a “key factor” bringing in “strong casual parking income due to its central location adjacent to Woolworths, ANZ, Lend Lease, Ericsson and Myer, and its proximity to NAB and Etihad Stadium, according to Colliers International agent Daniel Wolman. 
Wolman is marketing the property alongside Colliers International colleagues Lachlan MacGillivray and Tom Noonan. 
“Victoria Harbour’s car park market is also an exceptionally tightly held and lucrative market sector, one that is protected by planning policies aimed at minimising the construction of additional car bays within Docklands and the CBD.” 
Interest is expected from high net worth private investors and syndicators. 
A price in excess of $14 million is expected, The Australian reported. 
Victoria Harbour is home to more than 38,000 office works including 4,500 NAB staff who work in the 700 Bourke Street building, 6,500 ANZ staff who work in the ANZ building at 833 Collins Street, the Australia’s largest single-tenant office building and 1,000 Myer staff. 
There are 1,500 apartments close by and plans for another 1,800 to be built.
Lend Lease project director for Victoria Harbour Claire Johnston quotes the latest Macro Plan Dimasi report, which forecasts the current working population of 38,020 to nearly double to more than 69,980 by 2026.
“We are continuing to see strong investor demand for supermarket retail due to the strong covenant and ability to provide steady rental income through long term leases and food retail which has lower average occupancy costs than traditional retail uses,” Noonan says. 
“The demand for quality retail investment property is far outweighing supply, with only two metropolitan Woolworths transactions since February 2010, with average sub-6.5% yields, and our recent sale of Woolworths Byron Bay negotiated on a yield of sub-6%.”
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Lend Lease lists Docklands Safeway supermarket premises seeking $14 million-plus

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Australian hotels delivered property investors a 9.4% total return over 2012, according to the IPD Asia Pacific Hotel Property Index.
Australian hotel properties outperformed returns generated across the Asian market (5%) and the Asia Pacific (7.7%) over 2012.
The majority of the 9.4% return was the result of capital appreciation (8%) with the remainder (1.4%) coming from income growth.
This was below the three-year return of 13% for the Australian hotel sector but above five-year returns of 7.7%.
Click to enlarge
<a href="/images/stories/2013/04/chartoftheweekapril10.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2013/04/chartoftheweekapril10thumb.gif"></a>
The IPD Asia-Pacific Hotel Property Index, which is sponsored by Jones Lang LaSalle and Ryan Lawyers, has a combined asset value of US$12 billion and provides a broad measure of returns for hotel property investment in the Asia Pacific region.
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Australian hotel returns fall but still top regional property performer: Chart of the week

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Recently released housing finance figures from the ABS appear to confirm a change in investor sentiment with a 4.4% increase in investors lending for January.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2013/04/armstrongapril10one.gif"><img src="/images/stories/2013/04/armstrongapril10onethumb.gif"></a>
This increase is resulting in strength in the property market and will entice more investors back to the market. <a href="https://www.propertyobserver.com.au/retail/private-investors-return-to-retail-property-market-as-trusts-sell-out-chart-of-the-week/2013032560066" target="_blank">Investors</a> traditionally want to ensure they get the timing right and do not want to be left behind. This means most investors will make their move once they are sure other investors are active.
As investors come back it is important to enter the market with a level head and not to get too carried away. Whether you’re a first-timer or seasoned campaigner, successful property investment is based on certain timeless principles. Here, I take you through six of the best.
1. Horses for courses. Despite much of what you read and hear, no two properties work the same way. Commercial property is primarily income-producing, whilst residential property primarily generates capital growth. Some properties need substantial renovation to improve their resale value, whilst others have inherently high land values that do the job for you. Some properties (like B&amp;Bs) demand a lot of time and hands-on involvement, whilst others can be managed by a third party, enabling you to ‘set-and-forget’.
All these differences mean that the property which is right for you may not be the property which is right for someone else. Before you enter the market, it’s essential to consider your personal and financial circumstances and goals, your stage of life and the level of involvement you’re prepared to have.
2. Strategise first, buy later. Decide what type of property is appropriate for your situation. Do you have a large enough working income to support the costs of owning an investment property? If so, a residential property that can provide capital growth may be the best bet. Do you need income to replace your wage or salary? In this case, a commercial property or commercial property trust may be more suitable.
Next, determine which entity is going to own it. There are several forms of ownership: individual, partnership, company, trust or self-managed superannuation fund. The tax office treats each form of ownership differently, so seek advice from your solicitor or accountant before you buy. If you have to change the form of ownership down the track, you could be up for thousands in additional stamp duty and/or capital gains tax.
 
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3. Get your finances in order. No matter which type of property you buy, the substantial entry and exit costs mean you must consider it a long-term proposition. It’s not just a case of having the funds to buy the property, but being able to fund the holding costs for at least seven to 10 years. Think ahead to possible changes in your circumstances (such as starting a family, becoming self-employed or retiring) that could affect your ability to hold the asset for the long term.
If you’re buying a new or near-new property and relying on claiming depreciation benefits to maximise your cashflow, remember that most depreciation occurs in the first five years. Once you’ve used up your depreciation allowance, you could be out of pocket unless you can find another source of income to fund the holding costs.
4. BYO research. When you’re researching the local market, be wary of free advice. If someone is purporting to ‘advise’ you but being paid by the vendor, they’ll be accountable to the vendor, not to you.
Instead, do your own research by looking at reputable statistics from objective agencies, attending auctions in person and tracking auction results. If you need back-up, seek advice from professionals who don’t have a vested financial interest in steering you towards a certain course of action.
5. Know your limit. You’re buying an investment property, not a home to live in. You don’t have to love it – or even like it. Leave your emotions at the front gate, set a limit based on your research and stick to it. If the bidding goes over your limit, drop out of the race. It’s one thing to buy well, but buying at all costs simply isn’t smart investing.
6. Regular reviews. Cast a critical eye over your financing arrangements and property portfolio once a year to decide whether they’re still doing the required job. The finance market changes constantly, so you may be able to get a better deal with a different product, package or lender. Are your properties generating rental income and/or capital growth higher than the wider market? If they’re lagging behind Melbourne-wide or local median rental and property values, it may be time to consider selling.
Mark Armstrong is a director of <a target="_blank" href="https://www.ipropertyplan.com.au/">iProperty Plan</a>, which provides independent analysis and tailored advice to investors and homebuyers.
 
 
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marmstrong-sd3emVLPPb

Investor confidence rising but six principles of success remain the same: Mark Armstrong

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RP Data's Tim Lawless takes a look at the current state of the Australian housing market, including each capital city.
{qtube vid:=9zH3ADFoCS0&amp;feature}
For the discussion of Sydney tune in at 3:09 minutes, Melbourne at 3:49, Brisbane at 4:29, Adelaide at 5:05, Perth at 5:31, Hobart at 6:10, Darwin at 6:46, Canberra at 7:18 and closing comments at 7:46.
Tim Lawless is national research director of <a rel="nofollow" href="https://www.myrp.com.au/" target="_blank">RP Data.</a>
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Melbourne house values recovering: RP Data's Tim Lawless gives an update on the Australian housing market

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Someone was foolhardy enough to propose a petrol station in my home town.
As the <a href="/news">Maleny</a> region is growing strongly and has only one petrol provider, it could certainly use another, more modern facility.
But the avalanche of opposition to the proposal was stunning. People claimed the traffic and petrol fumes would put their kids at risk. Abuse and threats were directed at the proponents and their business (not by everyone opposed to the project, but by plenty of them).
The plan was dropped and the local weekly rag called it a victory for “parent power”.  It was nothing of the sort. It was a loss from which this community may never fully recover.
I refer not to the loss of a petrol station but to the loss of decency and proper process. It is now established that, in Maleny, it’s okay to use threats and intimidation if you disagree with other people’s ideas. The end justifies the means. Maleny is changed forever.
Some claim they were not opposed to the concept of a petrol station, but were against the location. They’re kidding themselves. People would oppose it no matter where it was planned.
I’m quite sure that if someone announced plans to build a children’s playground, hordes of citizens would rise up and form a group with a silly acronym, claiming their kids would be at risk because it would attract drug dealers and paedophiles.
And the fuzzy feeling of victory some Maleny people are feeling will be short-lived. Woolworths, another unpopular presence in the town, plans to build a service station in the town and the retailing giant won’t let something as trivial as public opinion stop them.
This, sadly, is a national trend. Nothing can be proposed without attracting feverish opposition from noisy minorities, dominated by people who use concern for their kids to justify bad behaviour. What we have in Australia today is <a target="_blank" href="?option=com_googlesearch_cse&amp;q=NIMBY">NIMBY</a>-ism on steroids. There are no winners.
Here’s one of the more absurd examples. McDonald’s plans to build a store in <a href="/news">Tecoma</a>, a small town in Victoria. Townsfolk have mounted strenuous opposition.
According to the local paper, their reasons include “crime will increase in Tecoma” and “it’s going to attract a hoon element”. It will also prevent Tecoma from “shutting down after 9pm”, something locals apparently like about their town.
One who opposes this travesty went to the trouble of researching crime at McDonald’s stores across Australia. She found that, over a three-year period, there were 94 instances of criminal activity (including assaults and robberies) at McDonald’s stores. She obviously doesn’t realise it, but she has accidentally supported the case for the development.
There are 958 McDonald’s stores in Australia. The statistics gathered by the Tecoma woman with too much time on her hands indicates criminal activity happens at a rate of 31 incidents per year. That means that only one in 30 stores has any kind of criminal incident in a typical year - and that 927 of the 958 stores have no crime events at all.
How this supports the statement that “crime will increase in Tecoma should the McDonald’s go ahead” is beyond me. I can think of many reasons to oppose McDonald’s but a projected crime wave is not one of them. People in Tecoma need to get a life.
I have written previously on the bizarre fixation some people have with wind farms and the fanatical opposition that mosques generate (while mainstream WASP-type religions can build places of worship without unleashing opposition campaigns from Pauline Hanson clones).
The greatest shame in all this is that the kneejerk anti-anything zealots do a great disservice to people with genuine grievances. The outcry from neighbours of resources companies who routinely breach the environmental provisions of their approvals gets lost in the maelstrom of static from those who see construction of a roundabout or a six-pack unit building as a life-or-death issue.
Terry Ryder is the founder of <a target="_blank" href="https://www.hotspotting.com.au/">hotspotting.com.au</a>
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What we have in Australia today is NIMBY-ism on steroids: Terry Ryder

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Iconic fashion label Dolce &amp; Gabbana will occupy the space at the front of the heritage-listed Mayfair Building, which is currently undergoing a $280 million redevelopment by Charter Hall and Cbus Property at the Paris end of Collins Street.
D&amp;G will lease around 350 square metres of space across the ground and first floor of the 171 Collins Street building in a deal negotiated  through leasing agent Fitzroys.
Rents at the 'Paris end' of <a target="_blank" href="?option=com_googlesearch_cse&amp;q=Collins%20Street">Collins Street</a> are around $4,000 per square metre.
The Mayfair Building was previously the Mayfair Theatre but ran its last curtain call in 1982.
It has since be restored and offers seven floors of boutique offices, each with a space of approximately 250 square metres.
The redevelopment of 171 Collins Street includes a 20-floor office tower which will rise behind the restored Mayfair Building.
The tower will boast a nine-storey atrium in the centre for natural light.
The design is a combination of historical elegance with a contemporary facade, designed by architects <a target="_blank" href="companies/bates-smart">Bates Smart</a>.
"The faceted crystalline facade reflects the right urban fabric and historic elegant of Collins Street like a finely crafted jewel," says chairman of Bates Smart, Roger Pool.
The office tower at 171 will be the future headquarters of BHP Billiton and will offer end-of-trip facilities, such as showers, change rooms, lockers and bicycle air-fill stations.
Around 2,000 square metres of the 30,000-square-metre development will be dedicated to retail, however Dolce &amp; Gabbana will be the only apparel store with food and beverage accounting for the rest of the space.
Collins Street is currently home to luxury brands Chanel, Prada, Hermes, Cartier and Gucci.
Dolce &amp; Gabbana’s flagship store is expected to open mid-2013 with 171 Collins Street scheduled for completion in June 2013.
BHP Billiton will not move in until September 2013.
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Dolce & Gabbana set to open at 171 Collins Street

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Properties with direct parkland views as well as in close proximity to parks are top performers compared to other properties in a given suburb, according to a report by buyer's advocates, Secret Agent.
The report, which surveyed 30 suburbs in inner Melbourne, found that parkland properties in general fetch stronger prices.
Conversely, properties that are close to parks but don't have a view do not perform as well as those with a direct view.
According to the Secret Agent report, the average sales price of park houses (houses opposite or facing parks, or in extremely close proximity) in <a href="/news">Fitzroy North</a> (Edinburgh Gardens) from 2009-2012 was $1,781,833.
In comparison, the average sales price of non-park houses was $969,749 while the average sales price in the whole suburb was $991,491 in the same period.
Similarly, the average sales price of park houses in <a href="/news">Albert Park</a> (St Vincent Gardens) from 2009-2012 reached $3,198,571. In comparison, the average sales price of non-park houses was $1,289,796 while the average sales price in the whole suburb was $1,339,183.
A <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-113235227">three-bedroom house</a> (pictured below) on St Vincent's Place will go to auction on April 20.
<img alt="secretagentapril9one" height="352" width="470" src="/images/stories/2013/04/secretagentapril9one.jpg">
<img alt="secretagentapril9two" height="157" width="470" src="/images/stories/2013/04/secretagentapril9two.jpg">
<img alt="secretagentapril9three" height="159" width="470" src="/images/stories/2013/04/secretagentapril9three.jpg">
Source: Secret Agent
Secret Agent’s analysis of properties within 200 metres of St Vincent Gardens in Albert Park found that properties on St Vincent Place were at least double the value of their parallel counterparts.
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dleow-BGaNPbHWyK

Properties with direct parkland views fetch higher house prices: Secret Agent

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Heading into the quieter autumn months, the number of residential properties listed for sale rose in all capital cities in March, but still remain lower than a year ago, according to figures from SQM Research.
Nationally, residential listings rose 3.8% from 341,662 properties for sale in February to 354,738 in March.
A year ago there were 362,306 properties listed for sale.
Sydney recorded the largest rise in listings in March; rising by 7.6% or 1,966 properties, but listings are down by 15.7% or 5,170 properties year-on-year.
All other cities recorded monthly gains in the range of 2% to 6%.
However, apart from Melbourne (where listings are up 0.2% year-on-year), all capital cities have recorded declines in available real estate listings compared to March 2012.
“It is our opinion that differing from the recovery witnessed in 2009, the upturn in the Australian property market being experienced at present is a much slower, more normal cyclical uplift,” says Louis Christopher, managing director of SQM Research.
"Without the stimulus of a first home buyers grant (as given in 2009) this recovery is based fundamentally on interest rates cuts spread over a longer period of time and an economy recording moderate growth rates.
“This view fits with why in this current recovery stock levels are not in a state of rapid decline as what was recorded in the first half of 2009.”
First-home buyer numbers peaked in May 2009 following of the doubling of the first-home owner grant to $14,000 for those buying existing homes and trebling it to $21,000 for those buy newly built homes in October 2008.
The full boost ran between October 4 2008 and September 30 2009.
Between October 1 2009 and December 31 2009 the boost was halved.
<img alt="sqmapril8one" height="172" width="470" src="/images/stories/2013/04/sqmapril8one.jpg">
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Residential listings rise 3.8% in March without overall pre-Easter volume uplift: SQM

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Home builders and contractors expect the building industry to improve in the medium term, but are still struggling in the short term, according to the latest quarterly Master Builders National Survey of Building and Construction.
The overall  index rose above the neutral 50 mark over the March quarter, indicating that builders believe their own business activity will improve over the next six months.
But current conditions remain weak.
Own business profitability rose slightly in the March quarter but the index remains well below the neutral 50 mark.
Master Builders notes that "it may be some time before industry profitability improves".
"The index is showing signs of bottoming following a trend decline in the index over the past two years to levels below that recorded during the global financial crisis," says Master Builders.
The “key forward indicator” index for display centre traffic/commercial enquiries rose markedly in the March quarter.


Although remaining below the neutral 50 mark, the index is now higher than the average reading recorded during the past nine years. 

Master Builders says the improvement in this index “may be another sign that the market is finally responding to lower interest rates and that the worst may be behind the building industry”.

The results are based on a survey of more than 500 builders and contractors. 
Peter Jones, chief economist of Master Builders Australia, says while signs of a recovery may be beginning to emerge for the industry, the upswing is coming from a very low base and questions remain about its strength.


“The turnaround in the survey sentiment suggests previous interest rate cuts may be beginning to take hold, but builders are yet to see any benefit from the rate reductions.

“Builders reported less work on the books than in the previous quarter, sales contracts remained essentially unchanged and profits remain weak.

“The good news for builders came in some of the industry’s forward indicators. Display centre traffic and commercial enquiries increased markedly in the quarter and are now higher than the average reading recorded over the past nine years.

“Expectations for industry activity and own business activity also rose to levels above the survey’s neutral reading, which suggests there could be improvement for the industry in the short to medium term,” he says.
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Construction sentiment improving but not yet activity: Master Builders survey

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At the beginning of 2013, some were predicting that the cash rate would drop to around 2% – I remained in the school of thought that it won’t go below 3%.
The gallery remains divided although one can’t help but notice that the <a target="_blank" href="/news">cash rate setting</a> is the monetary policy indicator as to the overall health of our economy.
Retail and real estate suggestions that it must be lower are, in my opinion, self-serving.
The TG Securities Melbourne Institute Monthly Inflation Gauge increased by 0.2% in March for a 2.1% annual pace which just so happens to be the lowest annual inflation result for eight months.
Australia as a nation has <a target="_blank" href="https://www.theage.com.au/business/manufacturing-contracts-for-14th-month-20130402-2h3qp">many economic problems</a> with Australian Industry Group chief executive Innes Wilcox commenting: “The strong dollar, falling selling prices, further cost pressures and the weakness of commercial and residential construction continue to take their toll.”
The head of Australia’s peak business group <a target="_blank" href="https://www.businessspectator.com.au/news/2013/3/28/politics/govt-should-invest-infrastructure-bca">has urged the federal government to invest more in infrastructure</a>, even if it means borrowing for top–priority projects. The only problem is that the federal government has been handing out money to buy the votes of the <a target="_blank" href="https://www.news.com.au/money/money-matters/independent-federal-mps-win-15-billion-for-their-electorates/story-e6frfmd9-1226611161247" title="Independent federal MP’s win $1.5 billion for their electorates.">Independent federal MP’s win $1.5 billion for their electorates.</a>
The Reserve Bank of Australia is responsible for monetary policy not fiscal policy where it should be remembered that in Australia we have approximately one third who rent, one third who own a house with a mortgage and the final third own their house with no mortgage. A difficult balancing act given two thirds would much prefer a higher cash rate with one third relying on a lower cash rate.
I don’t concur with the thought bubble <a target="_blank" href="https://canberratimes.domain.com.au/real-estate-news/we-are-in-an-up-cycle-now-property-agents-rejoice-as-good-news-rolls-in-20130402-2h4gc" title="‘We are in an up cycle now’: property agents rejoice as good news rolls in">‘We are in an up cycle now’: property agents rejoice as good news rolls in</a>with RP Data figures showing that dwelling values (houses and apartments combined) across Australia’s capital cities increased by 2.8% thus far in 2013.
Of course prices should be climbing due to a record low cash rate together with Australia’s population growing by 1.7% in the year to September 2012 which is the highest annual recorded rate since December 2009; this is above the 30-year average of 1.4% according to the Australian Bureau of Statistics.
<img height="308" width="470" src="/images/stories/2013/04/simeonapril8one.jpg" alt="simeonapril8one">
<a target="_blank" href="https://www.theage.com.au/business/mergers-at-eightyear-low-20130401-2h31n" title="Mergers at eight – year low">Mergers at eight – year low</a> previously the resources sector led this demographic market which now appears to be slowing down. Last year Australian companies were involved in 1,037 deals worth $US65.46 billion, a marked decline from 2007, in the peak of the equities boom. In that year, companies locked in $214.7 billion in mergers and acquisitions in 2,267 deals.
 
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This resonates through <a target="_blank" href="https://www.bloomberg.com/news/2013-03-27/australian-homebuyer-confidence-lowest-since-2008-genworth-says" title="Australian homebuyer confidence hits lowest since 2008">Australian homebuyer confidence hits lowest since 2008</a> – while Australian employers added the most jobs in almost 13 years in February and the economy expanded 3.6% in 2012, business confidence and home–loan approvals declined, illustrating continuing concerns about the nation’s economic outlook. These results are more evident in the suburbs that previously relied on high investment bank participation – which is obviously the missing link today.
<img height="461" width="470" src="/images/stories/2013/04/simeonapril8two.jpg" alt="simeonapril8two">
<img height="477" width="470" src="/images/stories/2013/04/simeonapril8three.jpg" alt="simeonapril8three">
I’m a huge fan of Warwick J. McKibbin, who recently posted <a target="_blank" href="https://www.brookings.edu/research/opinions/2013/03/12-australian-economic-policy-mckibbin" title="Poor economic policy must end no matter who wins Australian election ">Poor economic policy must end no matter who wins Australian election </a>– an excellent critique of the Australian economy since 2007:
“Key to improving Australia’s performance will be the move away from populist short – term policy along a path of structural reform that increases the flexibility of the Australian economy. Large investments in infrastructure and efficient pricing of congestion and other problems are needed to drive productivity growth. These investments should be based on independent assessment of the economic returns and not the political returns to marginal seats or the lobbying of vested interests. The Productivity Commission is critical to this process. Most urgently there is need for comprehensive review of current government spending programs and measures to reform the tax system. Australia desperately needs the next prime minister to be a leader rather than one who is a fighter.”
Hear, hear!
Robert Simeon is a director of <a target="_blank" rel="nofollow" href="https://www.rwm.com.au/" title="RWM" style="font-size: 14px;">Richardson  Wrench Mosman and Neutral Bay </a>and has been selling residential real estate in Sydney since 1985. He has also been writing real estate blog <a target="_blank" rel="nofollow" href="https://www.rwm.com.au/news/" title="Virtual Realty News" style="font-size: 14px;">Virtual Realty News</a> since 2000. The RWM real estate model has sold in excess of $1 billion in database sales globally.
 
 
 
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