Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Australia

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Purchasing property in Australia might be a little easier than you think, thanks to the financial assistance provided by a decent selection of First Home Owner Grants available across Australia. While the grants could be colloquially deemed “free money”, there is a list of requirements you must meet for the sake of eligibility, but once your grant has been approved you’ll be well on your way to securing your first home in no time.

To break down the extent that a grant could actually help you, consider purchasing an <a href="/news/wa/5-perth-apartments-under-385k">off-the-plan apartment for $300,000</a>. With a low deposit home loan of 5%, you’d need to come up with a deposit of $15,000. Take $10,000* off that amount provided by a First Home Buyer Grant, and you’re left with just $5,000 to pay from your own savings.

*Based off of grants offered in some states.

Find out which grant will help you based on which state you live in, by referring to our state-specific list:

<h2>VICTORIA</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourneconventionbureau_melbourne_yarra_night_d5f1d5f3-8775-449b-a6a1-ea715d0d5690.jpg" rel="gallery-all" title="Credit: Melbourne Convention Bureau"><img alt="" class="image-article-full-width-580px" height="232" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbourneconventionbureau_melbourne_yarra_night_d5f1d5f3-8775-449b-a6a1-ea715d0d5690.jpg?itok=w5HrW-sT" title="Credit: Melbourne Convention Bureau" width="580"></a>

<figcaption>Credit: <a href="https://www.melbournecb.com.au/why-melbourne/">Melbourne Convention Bureau</a></figcaption></figure><ul>
<li>First Home Owner Grant of up to $10,000 if purchasing property within the city, and $20,000 for regional Victorian properties valued up to $750,000</li>
	<li>First Home Buyer Duty Reduction of stamp duty fees up to 50% if the house is worth up to $600,000</li>
	<li>Principal Place of Residence (PPR) stamp duty concession for primary dwelling homes worth up to $550,000 </li>
	<li>First Home Buyers with Family (at least one child) stamp duty concession on homes valued up to $200,000</li>
	<li>Off-the-plan stamp duty concession </li>
	<li>Young farmers concession, for those purchasing their first farmland</li>
</ul>
<hr>
<h2>QUEENSLAND</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/d351-1600x670-brisbane-story-bridge-136310-2.jpg" rel="gallery-all" title="Credit: Tourism Queensland"><img alt="" class="image-article-full-width-580px" height="243" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/d351-1600x670-brisbane-story-bridge-136310-2.jpg?itok=GfiOigeS" title="Credit: Tourism Queensland" width="580"></a>

<figcaption>Credit: <a href="https://www.queensland.com/">Tourism Queensland</a></figcaption></figure><ul>
<li>Queensland First Home Owners Grant offers $15,000 for first home buyers who are buying or building a new house, unit or townhome valued up to $750,000</li>
	<li>If your contract was signed between 1 July 2016 to 30 June 2018 you could be eligible for $20,000</li>
</ul>
<hr>
<h2>NEW SOUTH WALES</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/5104226627001_5232364726001_5203603568001-vs.jpg" rel="gallery-all" title="Credit: Lonely Planet"><img alt="" class="image-article-full-width-580px" height="345" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/5104226627001_5232364726001_5203603568001-vs.jpg?itok=buNlkvto" title="Credit: Lonely Planet" width="580"></a>

<figcaption>Credit: <a href="https://www.lonelyplanet.com/australia/sydney">Lonely Planet</a></figcaption></figure><ul>
<li>$10,000 First Home Owner Grant for builders of new homes up to $750,000, and purchases of new homes up to $600,000</li>
	<li>Stamp duty relief for all homes up to $650,000 </li>
	<li>Reduced stamp duty fees for homes valued between $650,000 and $800,000</li>
	<li>No insurance duty on Lender’s Mortgage Insurance (LMI)</li>
</ul>
<hr>
<h2>AUSTRALIAN CAPITAL TERRITORY</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/canberra.jpg" rel="gallery-all" title="Credit: Smart Company"><img alt="" class="image-article-full-width-580px" height="286" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/canberra.jpg?itok=5AoLWW1w" title="Credit: Smart Company" width="580"></a>

<figcaption>Credit: <a href="https://www.smartcompany.com.au/finance/economy/canberra-leading-the-small-business-charge/">Smart Company</a></figcaption></figure><ul>
<li>First Home Owner Grant of $7,000 for new, substantially renovated or off-the-plan properties up to $750,000</li>
	<li>Ability to defer stamp duty payment if eligible for the First Home Owner Grant</li>
	<li>From 1 July 2019, the First Home Owner Grant will change to a <a href="https://www.revenue.act.gov.au/home-buyer-assistance/home-buyer-concession-scheme/home-buyer-concessions-from-1-July-2019">Home Buyer Concession Scheme</a> where buyers can be eligible for a stamp duty exemption if they meet certain criteria</li>
</ul>
<hr>
<h2>NORTHERN TERRITORIES</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aerial-darwin-72_5437-1080x675.jpg" rel="gallery-all" title="Credit: Broadcast Australia"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aerial-darwin-72_5437-1080x675.jpg?itok=DoZSdgVZ" title="Credit: Broadcast Australia" width="580"></a>

<figcaption>Credit: <a href="https://www.broadcastaustralia.com.au/dab-digital-radio-now-live-darwin/">Broadcast Australia</a></figcaption></figure><ul>
<li>From 7 May 2019, if you’re buying or building new, you could be eligible for a First Home Owner Grant of $10,000</li>
	<li>You may also be eligible for the <a href="https://nt.gov.au/property/home-owner-assistance/buildbonus-grant">BuildBonus</a> grant of $20,000 which is limited to 600 applications only</li>
	<li>
<a href="https://nt.gov.au/property/home-owner-assistance/territory-home-owner-discount">Territory Home Owner Discount</a> is a stamp duty concession of $18,601 available to those buying an established home, new home or land to build a new home in the Northern Territory</li>
</ul>
<hr>
<h2>TASMANIA</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tasmania.jpg" rel="gallery-all" title="Credit: Discover Tasmania"><img alt="" class="image-article-full-width-580px" height="237" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tasmania.jpg?itok=t5yOgcd6" title="Credit: Discover Tasmania" width="580"></a>

<figcaption>Credit: <a href="https://www.discovertasmania.com.au/">Discover Tasmania</a></figcaption></figure><ul>
<li>First Home Owner Grant of $20,000 for those who meet certain criteria will be available up until 30 June 2020</li>
	<li>For eligible grant applications from 1 July 2020 onwards, the amount awarded will be $10,000</li>
</ul>
<hr>
<h2>WESTERN AUSTRALIA</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/perth-skyline-night-720x405.jpg" rel="gallery-all" title="Credit: Curtin University"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/perth-skyline-night-720x405.jpg?itok=gd4Rd-Nr" title="Credit: Curtin University" width="580"></a>

<figcaption>Credit: <a href="https://futurestudents.curtin.edu.au/curtin-life/living-in-perth-and-wa/">Curtin University</a></figcaption></figure><ul>
<li>First Home Owner Grant of up to $10,000 for new builds valued up to $750,000 within the Perth metropolitan area</li>
	<li>First Home Owner Grant of up to $10,000 for new builds valued up to $1 million, north of the Perth metropolitan area</li>
</ul>
<hr>
<h2>SOUTH AUSTRALIA</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/adelaide.jpg" rel="gallery-all" title="Credit: City of Adelaide"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/adelaide.jpg?itok=9IQpipT2" title="Credit: City of Adelaide" width="580"></a>

<figcaption>Credit: <a href="https://www.cityofadelaide.com.au/">City of Adelaide</a></figcaption></figure><ul>
<li>$15,000 for new residential dwellings up to $575,000 (you must live in the property for at least 6 months in the first year to be eligible)</li>
	<li>Off-the-plan concession on stamp up to $21,330 for eligible contracts entered between 31 May 2012 to 30 June 2018</li>
	<li>Other grants of up to $7,000 are available for existing homes </li>
</ul>
<hr>
<h2>FIRST HOME OWNER GRANT (FHOG) RULES </h2>

Some of the rules that can be associated with these grants include a minimum age (often 18-years-old), at least one of the purchasers must hold Australian citizenship and it must be the first home bought by the purchaser and their spouse. Head to the website of your municipal government to find out if you meet the eligibility criteria. 

<hr>
<h2>OTHER INCENTIVES TO NOTE:</h2>

<a href="/developers/geocon-group">Geocon’s</a> <a href="https://geocon.com.au/projects/residential/republic/">End Of Financial Year Property Bonus</a>: Geocon is offering a deal where you can buy a Republic apartment for $1,000 and Geocon will pay the remaining 5% deposit, up to $50,000*.

*Only 3 weeks left and Terms &amp; Conditions apply.

<a href="https://tullamoreapartments.mirvac.com/news-and-events/News/mirvac-matches-first-home-owner-grant">Mirvac</a> is offering pre-qualified first home buyers the opportunity to purchase an apartment with a 5% deposit. Mirvac will also match the government’s first home owner grant on selected 2-bedroom Tullamore apartments.

<a href="http://www.dkaproperty.com.au/special-offers">DKA Property</a> is providing buyers with financial assistance towards covering the first year’s strata levies cost to the value of $1,000.

Plantation Homes are offering free, no-obligation consultation preliminary finance qualification so buyers can find out what they can afford.

Caydon are offering to boost first home buyer deposits by $20,000 when purchasing one of their Malt District apartments. This may be used in conjunction with the First Home Buyer Grant.

Some off-the-plan sales are also able to be negotiated, so you can significantly reduce your purchase price by placing a low ball offer.

It is, however, important to weigh up your options when purchasing your first home, and although a property may be financially viable (and look good on paper) you'll want to ensure it meets your needs in terms of look and feel; location; amenity offering; quality; and champions timeless modern design.

<hr>
Sources:  <a href="http://https://www.sro.vic.gov.au/first-home-owner">State Revenue Office Victoria</a> | <a href="https://www.qld.gov.au/housing/buying-owning-home/financial-help-concessions/qld-first-home-grant/apply-first-home-grant%C2%A0">QLD.GOVT.AU</a> | <a href="https://www.nsw.gov.au/improving-nsw/projects-and-initiatives/first-home-buyers/">NSW.GOVT.AU</a> | <a href="https://www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-grant">Revenue ACT</a> | <a href="https://nt.gov.au/property/home-owner-assistance/first-home-owners/first-home-owner-grant">NT.GOVT.AU</a> | <a href="https://www.sro.tas.gov.au/first-home-owner-grant">State Revenue Office of Tasmania</a> | <a href="https://www.finance.wa.gov.au/cms/State_Revenue/FHOG/About_the_First_Home_Owner_Grant.aspx">Finance Western Australia</a> | <a href="https://www.revenuesa.sa.gov.au/grants-and-concessions/first-home-owners">Revenue South Australia</a>

Disclaimer: While Urban strives to provide accurate content, we do advise that readers undertake their own research and to only use our findings as a guide. 
</body></html>

Olivia Round

How to navigate Australia's First Home Buyer Grants

<html><body>
Bank Australia is due to assist in delivering the Sustainable Australia Fund, which will expand an original Melbourne-centric finance model to a national scale, to include NSW and South Australia. The fund provides businesses with upfront capital to make environmentally conscious upgrades to their buildings.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/saf.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="218" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/saf.png?itok=GyjVbhFd" width="580"></a></figure>The original Sustainable Melbourne Fund was established by Deputy Lord Mayor Arron Wood 17 years ago with a goal to drive business innovation, reduce emissions and mitigate climate change impacts by the private sector. The City of Melbourne has agreed to divest from the scheme to allow it to grow to a national scale.

<blockquote>
“Our seed funding and support for the fund has unlocked more than $30 million in environmental infrastructure upgrades for Victorian businesses. This has enabled the abatement of more than 300,000 tonnes of greenhouse gas emissions… We could not be prouder of the success of Sustainable Melbourne Fund and the outcomes it has achieved in supporting Victorian businesses create savings and environmental upgrades through access to loans, which are repaid through council rates.”
</blockquote>

- Deputy Lord Mayor Arron Wood

In 2010, the City of Melbourne created Australia’s first Environmental Upgrade Agreement with support from the Victorian State government. The loans have enabled Victorian businesses to offset of more than 300,000 tonnes of CO2 emissions as well as reduce energy costs due to upgraded operation infrastructure.

<blockquote>
“From the first environmental upgrade agreement signed in 2011 at 460 Collins Street, solar PV projects in a number of municipalities, to a multi-million dollar water treatment plant in regional Victoria, it’s exciting to know we’ve delivered some great results in saving money, reducing environmental impact and driving new business."
</blockquote>

- City of Melbourne Deputy Lord Mayor Arron Wood

The new national initiative will provide access to an Environmental Upgrade Finance loan of up to $200 million. Businesses can apply for funding to cover a number of environmental projects, including energy, water or waste performance. The loan will then be paid back via the quarterly council rates. 

<h2>WHAT THEY SAY</h2>

<blockquote>
“We’re proud to support the launch of the Sustainable Australia Fund to enable it to expand its impact across Australia which aligns with our purpose of creating positive impact for people and the planet.”
</blockquote>

Darren Dawson, Head of Impact Finance at Bank Australia

<blockquote>
“It’s truly a testament to the success of the original goals of Sustainable Melbourne Fund that it can now expand its reach beyond the borders of Victoria.”
</blockquote>

City of Melbourne Deputy Lord Mayor Arron Wood

<blockquote>
“The City of Melbourne has demonstrated tremendous leadership since 2002 in facilitating environmental infrastructure upgrades for Victorian businesses. It has supported industry and commercial properties, and more recently, agricultural businesses and farmers to upgrade their facilities through accessible loans.”
</blockquote>

Scott Bocskay, CEO of Sustainable Australia Fund

<h2>CASE STUDY</h2>

460 Collins Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/front-of-460-collins-street-e1395900264831.jpg" rel="gallery-all" title="460 Collins Street. Credit: Sustainable Melbourne Fund"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/front-of-460-collins-street-e1395900264831.jpg?itok=zEn9QCwT" title="460 Collins Street. Credit: Sustainable Melbourne Fund" width="580"></a>

<figcaption>460 Collins Street. Credit: Sustainable Melbourne Fund</figcaption></figure>460 Collins Street in Melbourne was originally constructed in 1939, so in order to reach a higher level of sustainability, the building was retrofit with a highly efficient PowerPax chiller, as well as a new control system. Controllers were also fitted into the existing VAV boxes and air-handling units. This significantly reduced energy consumption from the air conditioning system resulting in an energy bill saving of $11,000 per annum, and 170 tonnes of CO2-e.

<h2>WHAT WILL BE COVERED BY THE FUND?</h2>

Building Upgrades       

Building fabric insulation upgrade

Cool roof coating

External solar shading

Green roof installation

High-performance windows

Reduce building infiltration/exfiltration

Energy source

Domestic Hot Water sustainability via technology  upgrade

Reduced carbon on-site energy source

Grid-connected renewable energy, with or without battery storage.

Solar thermal hot water

Power factor correction

Lighting

Lighting control upgrades

Lighting technology upgrade

Plant Upgrades

Drive and fan efficiency upgrades

Duct testing and sealing

Ducting and piping insulation

HVAC efficiency via control upgrade

HVAC technology upgrade

Permanent high-efficiency commercial appliances

Permanent refrigeration upgrades

Pool efficiency upgrades

Water

Blackwater system

Greywater system

Rainwater system

Water efficiency measures

<h2>COUNCILS CURRENTLY ACCEPTING EUA* APPLICATIONS</h2>

(*Environmental Upgrade Agreement)

Victoria

Baw Baw Shire Council

Brimbank City Council

Campaspe Shire Council

Cardinia Shire Council

Central Goldfields Shire

City of Greater Bendigo Council

City of Greater Geelong Council

City of Melbourne

City of Kingston

City of Monash Council

Darebin City Council

Greater Dandenong Council

Greater Shepparton Council

Hobsons Bay City Council

Horsham Rural City Council

Knox City Council

Macedon Ranges Shire Council

Maribyrnong City Council

Mildura Rural City Council

Mitchell Shire Council

Moira Shire Council

Moonee Valley Council

Moreland City Council

Mornington Peninsula Shire

Mount Alexander Shire Council

South Gippsland Shire Council

Warrnambool City Council

Wellington Shire Council

Wyndam City Shire Council

Yarra Ranges Council

New South Wales 

Blacktown City Council

Parramatta City Council

City of North Sydney

City of Sydney

South Australia 

City of Adelaide (CoA)

City of Salisbury

City of Marion

City of Onkaparinga
</body></html>

Bank Australia to support sustainable infrastructure upgrades across three states

With populations within cities&nbsp;expected to grow by an average of 50 million people per year, and today&rsquo;s greenhouse gas levels at the highest rate in 3 million years, it&rsquo;s important to focus on mitigating the effects of climate change before it&rsquo;s too late.

<blockquote>
&ldquo;Solving climate change has gone from not in our scope to being a requirement in less than 30 years.&rdquo;

-&nbsp;Shawn Fisher Hesse, International Living Future Institute Associate Director, via <a href="https://www.greenbiz.com/article/what-it-would-take-end-trickle-down-equity-buildings-and-beyond">GreenBiz</a>
</blockquote>

Building with a sustainable focus is growing in popularity as both developers and consumers are beginning to see impressive results from investing in energy-efficient building technology <a href="https://www.weforum.org/agenda/2019/04/we-have-the-tools-to-beat-climate-change-now-we-need-the-right-laws/">which can reduce a building&rsquo;s consumption by 30-40%</a>.

The focus on building development sustainability has led to the creation of new jobs; new policies; changes in design, engineering and construction processes; as well as new metrics and rating systems with an environmentally-centric approach.

[smartcode_project:default project_id=94819]

Australian architects and environmental engineers are becoming world leaders in building sustainability by pioneering new design trends and technology to achieve eco-conscious credentials. These projects are also garnering well-deserved attention from prospective buyers who consider a building with a low carbon footprint an essential factor when choosing a property.

Here are&nbsp;6 leading sustainable architectural design trends in Australia:

<h3>#1 SOLAR BALUSTRADES</h3>

Case study: The General, Melbourne

<figure><a href="/buildings/the-general-421-high-street-northcote" target="_blank"><img alt="" class="image-article_full_width_580px" height="870" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/the_general_bipv.jpg?itok=6vBFFeVL" title="the general's solar balustrades" width="580" /></a>

<figcaption>The General&#39;s solar balustrades</figcaption>
</figure>

<a href="/new-apartments/northcote-vic-3070">Northcote&rsquo;</a>s &lsquo;<a href="/buildings/the-general-421-high-street-northcote">The General</a>&rsquo; is the first building in Australia to utilise Onyx Solar photovoltaic glass on its exterior to generate sustainable solar energy. Occupying the corner section of High and Bent Streets, the glass balustrades (supplied by Environmental Technology Solutions) have been ideally positioned to make the most of excellent natural light but also provide an important layer of thermal protection year-round. Onyx solar balustrades are one of the key contributing elements which won &lsquo;the general&rsquo; it&rsquo;s impressive 7.5-star NatHERS energy rating.

Solar panel use globally:

-&nbsp;Noor (which is an Arabic word meaning &ldquo;light&rdquo;) is the largest solar farm in the world currently.&nbsp;By 2020,&nbsp;the $9 billion solar power plant is expected to generate 580 megawatts, which is enough electricity to power over a million homes.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/psyaa2jh4pzbajhkxuagz7dvxcvsrdltqknf7j-1dd8.jpg" rel="gallery-all"><img alt="Noor solar farm, Morocco. Credit: REUTERS/Youssef Boudlal" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/psyaa2jh4pzbajhkxuagz7dvxcvsrdltqknf7j-1dd8.jpg?itok=mDFoj2Mv" title="Noor solar farm, Morocco. Credit: REUTERS/Youssef Boudlal" width="580" /></a>

<figcaption>Noor solar farm, Morocco. Credit: REUTERS/Youssef Boudlal</figcaption>
</figure>

<blockquote>
&ldquo;Morocco is showing real leadership and bringing the cost of the technology down in the process.&rdquo;

-&nbsp;Mafalda Duarte, the manager of Climate Investment Funds (CIF) via <a href="https://www.weforum.org/agenda/2018/05/morocco-is-building-a-solar-farm-as-big-as-paris-in-the-sahara-desert/">World Economic Forum</a>
</blockquote>

<h3>#2 ROOFTOP URBAN FARMS</h3>

Case study: Burwood Brickworks, Melbourne

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/acre1_0.jpg" rel="gallery-all"><img alt="Urban rooftop garden. Credit: Burwood Brickworks" class="image-article-full-width-580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/acre1_0.jpg?itok=sFXaKImh" title="Urban rooftop garden. Credit: Burwood Brickworks" width="580" /></a>

<figcaption>Urban rooftop garden. Credit: Burwood Brickworks</figcaption>
</figure>

As part of <a href="/developers/frasers-property">Fraser Property&rsquo;</a>s wider project &lsquo;<a href="/expert-insights/burwood-brickworks-set-to-become-the-world-s-most-sustainable-retail-development">Burwood Brickworks</a>&rsquo;, an urban farm situated atop the entire building will provide all the produce for the complex caf&eacute;. The farm will also feature systems including closed-loop technology for recycling wastewater, mulch excess organic material for compost, eliminate produce transportation by growing on site, feature rooftop solar panels as well as offsite renewable energy sources, avoid the use of worst-in-class chemicals to reduce air pollution and boast a 6 Star Green Star Community rating (this has already been obtained).

Rooftop urban farms globally:

- Brooklyn Grange, NYC

- Lufa Farms, Canada

- HK Farm, Hong Kong

- City Farm, Japan

<blockquote>
&ldquo;We built the world&rsquo;s first commercial rooftop greenhouse on an industrial building in Montreal, Quebec, to prove that high-yield, year-round farming is a smarter, more sustainable, and commercially viable way to feed cities. Since then, we&rsquo;ve built new and bigger and better rooftop greenhouses, to grow more and more vegetables.&rdquo;

- Lufa Farms
</blockquote>

Another stand-out example of the positive effects of rooftop gardens is the American Society of Landscape Architects (ASLA) headquarters.&nbsp;

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-04-08_at_10.19.03_am.png" rel="gallery-all"><img alt="Overhead and Cross-Section Schematics. Credit: Michael Van Valkenburgh Associates, Inc. " class="image-article-full-width-580px" height="452" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_10.19.03_am.png?itok=YkhP9YKr" title="Overhead and Cross-Section Schematics. Credit: Michael Van Valkenburgh Associates, Inc. " width="580" /></a>

<figcaption>Overhead and Cross-Section Schematics. Credit: Michael Van Valkenburgh Associates, Inc.</figcaption>
</figure>

Multiple awnings across the site have been planted with lush greenery, and during a 10-month monitoring period, studies undertaken by ASLA found that the green roof <a href="https://www.asla.org/ContentDetail.aspx?id=28758">prevented over 100,000 litres of stormwater (which is approximately 78%&nbsp;of all precipitation hitting the roof)&nbsp;from flowing into D.C.&rsquo;s overburdened sewer and stormwater system</a>. The study also discovered that run-off water contained fewer pollutants, there was a 10% decrease in building energy use over the winter, and even on the hottest summer days, the roof was around&nbsp;15&deg;C cooler than conventional roofing on neighbouring buildings.

<h3>#3 TRI GENERATION PLANT</h3>

Case study: One Central Park, Sydney

<figure><a href="/buildings/central-park-wonderland-81-oconnor-street-chippendale" target="_blank"><img alt="" class="image-article_full_width_580px" height="370" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_1.06.49_pm.png?itok=qf93_E0V" title="One Central Park. Credit: Frasers Property and Sekisui House" width="580" /></a>

<figcaption>One Central Park. Credit: Frasers Property and Sekisui House</figcaption>
</figure>

<a href="https://www.centralparksydney.com/">One Central Park</a> raised the bar back in 2013 for green energy&nbsp;by housing its own tri-generation plant on site. The energy source will supply electricity, heating and cooling for 3,000 residences and 65,000 sqm of retail and commercial space via &lsquo;green transformers&rsquo; which are powered by natural gas. Environmental consultants and engineers have estimated a 190,000-tonne greenhouse gas emission reduction over the next 25 years which is the equivalent of removing 2,500 cars off the roads annually for 25 years.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-04-05_at_2.10.28_pm.png" rel="gallery-all"><img class="image-article-full-width-580px" height="334" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-05_at_2.10.28_pm.png?itok=-o4aQLIq" width="580" /></a></figure>

Tri-generation plants globally:

<ul>
	<li>PricewaterhouseCoopers, London&nbsp;</li>
	<li>DAMM&nbsp;brewery, Barcelona</li>
</ul>

<h3>#4 BLACK WATER RECYCLING</h3>

Case study: 1 Bligh Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/160805_blighstreet_aeriallandscape_touchup.jpg" rel="gallery-all"><img alt="1 Bligh Street. Credit: Cbus Property" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/160805_blighstreet_aeriallandscape_touchup.jpg?itok=tT5s7iFp" title="1 Bligh Street. Credit: Cbus Property" width="580" /></a>

<figcaption>1 Bligh Street. Credit: Cbus Property</figcaption>
</figure>

In 2013 Sydney&rsquo;s 1 Bligh Street apartment complex was the first CBD development to house an Aquacell blackwater recycling unit. Aquacell said that the system would be likely to save 1 Bligh Street residents 100,000 litres of drinking water per day. The process involves treating bathroom wastewater (and sometimes additional water from a nearby sewer) to be used for plant irrigation, toilet flushing and cooling towers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/online_e001_40292.jpg" rel="gallery-all"><img class="image-article-full-width-580px" height="1003" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/online_e001_40292.jpg?itok=2g_Ic_mL" width="580" /></a></figure>

<blockquote>
&ldquo;Recycled water schemes like this will ease pressure on water, energy and land as our population increases &ndash; this legislation ensures ongoing management is robust and a level playing field is achieved. Only organisations that meet the highest standards can be issued a licence which streamlines the approval process for future schemes.&rdquo;

- Aquacell CEO Colin Fisher
</blockquote>

Blackwater recycling globally:

- Goreangab recycling plant,&nbsp;Namibia.&nbsp;

As one of the first plants of it&#39;s kind, the&nbsp;50-year-old treatment centre has welcomed visitors from developed countries who are facing water shortages to see where water reclamation started. Experts from Australia, Singapore and the US have taken inspiration from visiting the centre and now all three countries&nbsp;have their own sewage recycling plants.

<h3>#5 RECYCLABLE BUILDING MATERIALS</h3>

Case study: Central Institute of Technology&rsquo;s Green Skills Centre, Perth

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-04-08_at_10.30.34_am.png" rel="gallery-all"><img alt="Green Skills Hub render. Credit: Pyramid Constructions WA" class="image-article-full-width-580px" height="320" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_10.30.34_am.png?itok=IQVhoiAI" title="Green Skills Hub render. Credit: Pyramid Constructions WA" width="580" /></a>

<figcaption>Green Skills Hub render. Credit: Pyramid Constructions WA</figcaption>
</figure>

Western Australia&rsquo;s greenest building also happens to be the education hub for environment training &ndash; Green Skills Hub. The building has been constructed using entirely sustainable materials including structural steel which can be reused later down the track, and recycled timber throughout. The centre was awarded a 6-star Green Star rating.

Training and Workforce Development Minister&nbsp;Liza Harvey explained that&nbsp;the Green Skills building would help provide students with resources, training and skills that,

<blockquote>
&ldquo;&hellip;ensures our graduates are at the top of their game in growing sectors such as sustainable building and construction.&quot;

- Liza Harvey, Training and Workforce Development Minister&nbsp;
</blockquote>

<h3>#6 SMART HOME TECHNOLOGY</h3>

Case study: The Burcham in Rosebery

<figure><a href="/buildings/the-burcham-6-8-crewe-place-roseberry"><img alt="" class="image-article_full_width_580px" height="355" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/v04-150910-rooftop-aerial-final-2000_620x380_1.jpg?itok=-R1bCkFa" title="Credit: The Burcham in Rosebery" width="580" /></a>

<figcaption>Credit: The Burcham in Rosebery</figcaption>
</figure>

There is no denying technological advancements are making their way into our everyday lives at rapid speed, and the all-encompassing smart home device that was once a fictional concept is now a reality. <a href="/new-apartments/rosebery-nsw-2018">The Burcham in Rosebery</a> has installed&nbsp;&lsquo;Geo Fencing&rsquo;&nbsp;technology in all 99 of their apartments, and whilst providing residents with the luxury of having a coffee brewed for their arrival home or the lights on by 7 PM, the technology is also proven to be beneficial for environmental sustainability. Residents will be able to monitor and manage their energy consumption and modify their use based on pricing and availability, allowing them to control living costs and reduce their carbon footprint.&nbsp;

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/energy-management-1.jpg" rel="gallery-all"><img alt="Wiser Link Energy Management Tool. Credit: The Burcham in Rosebery" class="image-article-full-width-580px" height="619" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/energy-management-1.jpg?itok=c0vtua9R" title="Wiser Link Energy Management Tool. Credit: The Burcham in Rosebery" width="580" /></a>

<figcaption>Wiser Link Energy Management Tool. Credit: The Burcham in Rosebery</figcaption>
</figure>

<h3>THE FUTURE</h3>

<a href="https://www.3dprintedhouse.nl/en/project-info/project-milestone/">3D PRINTED HOMES</a>

Case study: Project Milestones&#39; 3D Printed Home, Netherlands

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-04-08_at_11.15.08_am.png" rel="gallery-all"><img alt="An artist’s impression of the 3D printed houses. Credit: Project Milestone" class="image-article-full-width-580px" height="291" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-08_at_11.15.08_am.png?itok=TsTKQyG-" title="An artist’s impression of the 3D printed houses. Credit: Project Milestone" width="580" /></a>

<figcaption>An artist&rsquo;s impression of the 3D printed houses. Credit: Project Milestone</figcaption>
</figure>

A revolutionary project will see a Dutch town open five highly sustainable 3D printed concrete homes this year. The world-first design technique is likely to be adopted by Australian&nbsp;firms such as biotechnology company Mirreco&nbsp;<a href="https://3dprint.com/217838/mirreco-to-3d-print-hemp/">who have already expressed an interest</a> in utilising 3D printing for their developments.&nbsp;

RELATED:&nbsp;<a href="/news/5-of-melbourne-s-environmentally-conscious-new-development-highlights">5 of Melbourne&rsquo;s environmentally conscious new-development highlights</a>

&nbsp;

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/urban_-_infographic_2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="2854" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/urban_-_infographic_2.jpg?itok=P6eBECWI" width="580" /></a>

<figcaption>6 of Australia&rsquo;s top sustainable architectural design trends Infographic.</figcaption>
</figure>

6 of Australia’s top sustainable architectural design trends

<html><body>
We are <a href="https://www.propertyobserver.com.au/https://trove.nla.gov.au/work/32692064?q&amp;versionId=43970540" target="_blank">still settling Australian cities</a> on unceded Aboriginal lands. With the global agreement on the <a href="https://www.un.org/sustainabledevelopment/" target="_blank">United Nations Sustainable Development Goals (SDGs)</a> in 2015, development has finally come home to the developed world. Yet in Australia we still often proceed as if development goals are about foreign aid, somehow separate from our own development activities and civic responsibilities.
The <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Foreign_Affairs_Defence_and_Trade/SDGs" target="_blank">Senate inquiry into the SDGs</a>, for example, has been referred to the Department of Foreign Affairs, Defence and Trade. Three of the seven <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Foreign_Affairs_Defence_and_Trade/SDGs/Terms_of_Reference" target="_blank">terms of reference</a> relate to Australia’s <a href="https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview201819/ODA" target="_blank">Official Development Assistance</a> program.
<a href="https://www.sbs.com.au/news/trade-minister-exit-paris-accord-and-kiss-europe-trade-deal-goodbye" target="_blank">Reports</a> that trade with Europe might be in jeopardy because of Australia’s failure to act responsibly on climate change – a commitment enshrined not just in the Paris Agreement but also in <a href="https://www.un.org/sustainabledevelopment/climate-change-2/" target="_blank">SDG 13</a>: Climate Action – illustrate the naivety of thinking this country can carry on as usual while others tackle sustainable development.
Australia’s SDG indicator framework
The National Sustainable Development Council’s focus on transforming Australia is an important starting point. The NCDC draws on the <a href="https://www.sdgtransformingaustralia.com/" target="_blank">SDG Progress Report</a> to “highlight key trends and emerging issues for policy and decision-makers and communities across Australia”. But it doesn’t go far enough.
The focus is on targets and indicators that are deemed relevant and important for Australia. This is complemented by a wheel-of-fortune-style dashboard set of aggregated results across four key benchmarks.
The result is a colourful, largely unintelligible – albeit very well-intentioned – national SDG assessment.
<a href="https://images.theconversation.com/files/235918/original/file-20180912-144479-1wv6wx2.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/235918/original/file-20180912-144479-1wv6wx2.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Australia’s SDG Indicator Scorecard. <a class="source" href="https://www.sdgtransformingaustralia.com/wp-content/uploads/Australias-Dashboard_SDGs_310818.pdf" target="_blank">NCDC</a>
Looks like we get a C grade. But what does this actually say about Australian settlements?
<h2>Sanitised and complacent</h2>
The real issues facing Australia are sanitised and out of sight with a 6.5 score. With 90% of Australians living in urban areas, how does this assessment inform and transform the state of sustainable development in our cities?
A core sustainable development challenge for Australia is the spatial unevenness of its development – between cities and non-city regions, between the dominant cities (Sydney and Melbourne) and the rest, or between different suburbs within cities.
Our patchwork economy generates serious social inequities. The answer is not just to stimulate greater economic activity or spread the boom to “lagging” areas.
We need to recognise that the apparent success of the “bright patches” is often based on their exploitation of “dull patches”. Some areas are set up to be sacrifice zones that suffer, for example, the ill effects of resource extraction, heavy industry and waste disposal.
And some regions struggle not simply because they are physically distant, but because uneven provision of infrastructure has made them functionally distant. Prioritisation of certain regions over others and an over-reliance on infrastructure provision as a proxy for development are two issues that the nation needs to tackle to deliver the SDG agenda.
<iframe src="https://www.youtube.com/embed/0XTBYMfZyrM?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
Do you know all 17 Sustainable Development Goals?
<h2>Beyond national silos</h2>
Australian cities rely on and impact upon these spaces and others far beyond their boundaries. Thus tackling <a href="https://www.un.org/sustainabledevelopment/cities/">SDG 11</a> on cities cannot be separated from tackling the other SDGs, including sustainably managing life on land (<a href="https://www.un.org/sustainabledevelopment/biodiversity/" target="_blank">SDG 15</a>), clean water and sanitation (<a href="https://www.un.org/sustainabledevelopment/water-and-sanitation/" target="_blank">SDG 6</a>), affordable and clean energy (<a href="https://www.un.org/sustainabledevelopment/energy/" target="_blank">SDG 7</a>) and life below water (<a href="https://www.un.org/sustainabledevelopment/oceans/" target="_blank">SDG 14</a>).
This means thinking not just about where and how cities access resources, but where their outputs go. For example, when China halted a major waste flow to its recycling plants this exposed the reliance of Australian cities on often distant facilities.
 
This demonstrates how cities are inextricably linked to spaces beyond their city limits, and the need for Australian cities to reduce and reuse as well as just recycle waste. It also illustrates the entwining of Australian settlement development with multiple spaces beyond our borders. Australia’s responsibility for sustainable development includes attention to the nation’s own urban heartlands as well as their impact on both neighbouring and distant countries.
<h2>Putting the SDGs to work in Australian cities</h2>
The SDGs can be mobilised to help achieve sustainable development, but we are not putting them to work in Australia. We stumble our way into the challenges of our climate of change, no more nationally self-aware it seems than before.
A new sustainable development approach is needed in Australia. An SDG ethic and compass must guide our direction so no one is left behind.
The SDGs are an invitation to take seriously the sustainable development challenges we face as a nation, and the implications of our actions for other nations. Rather than look for ways to reinforce our developed country privilege with a C grade report card, we could use the SDGs as a two-fold opportunity to:
1) ask the hard questions about the sustainability of our development
2) collectively explore transformative pathways, particularly within our cities.
Both suggest the importance of connecting more genuinely with Indigenous understandings of sustainability and living ethically on Country. And what do the SDG indicator frameworks and benchmarks tell us about our progress in our <a href="https://theconversation.com/how-can-we-meaningfully-recognise-cities-as-indigenous-places-65561" target="_blank">sovereign relationship with Indigenous people</a> on whose unceded land we live and work?
We are not arguing for a more parochial agenda, or that international development is not important. Indeed, Australia could usefully follow the UK in positioning national science and research priorities within broader “<a href="https://www.ukri.org/research/global-challenges-research-fund/" target="_blank">global challenges</a>”.
Rather, we are pointing to the risks of framing sustainable development issues as problems “over there”. This obscures both Australia’s own acute settlement problems and its role in creating problems “over there”.
What is needed is joined-up policy, planning and research that includes Australia within the frame as a sustainable development site, as well as a funding provider.
It could also include identifying Australia as a country in need: a nation that needs to better contribute to all the SDGs. In the case of <a href="https://www.un.org/sustainabledevelopment/climate-change-2/" target="_blank">SDG 13</a> on climate action, that need is glaring.
In Australia we need to make sure our identity does not include an implicit assumption that our home base is not in need of SDG attention – or only in certain areas. Many if not all aspects of development in Australia are <a href="https://en.wikipedia.org/wiki/Maldevelopment" target="_blank">maldevelopment</a>, which calls for strong critical evaluation and action as much as in any other space. As a nation we can do much better.<img src="https://counter.theconversation.com/content/102641/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/wendy-steele-4698" target="_blank">Wendy Steele</a>, Associate Professor of Sustainability and Urban Planning, <a href="http://theconversation.com/institutions/rmit-university-1063" target="_blank">RMIT University</a>; <a href="https://theconversation.com/profiles/lauren-rickards-1931" target="_blank">Lauren Rickards</a>, Associate Professor, Sustainability and Urban Planning, School of Global Urban and Social Studies; Co-leader, Climate Change and Resilience Research Program, Centre for Urban Studies, <a href="http://theconversation.com/institutions/rmit-university-1063" target="_blank">RMIT University</a>, and <a href="https://theconversation.com/profiles/libby-porter-300183" target="_blank">Libby Porter</a>, Vice-Chancellor's Principal Research Fellow, <a href="http://theconversation.com/institutions/rmit-university-1063" target="_blank">RMIT University</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/business-as-usual-the-sustainable-development-goals-apply-to-australian-cities-too-102641" target="_blank">original article</a>.
</body></html>

jrobinson-rf4aSBido9

Australian transformation a focus for the National Sustainable Development Council

With Apartments.com.au&#39;s Project Database now being expanded to encompass all of Australia, and more national content appearing on the site, it seemed like a good opportunity to highlight the country&#39;s future top 10 tallest skyscrapers on the horizon, not including those already completed.

<h2>#1. Southbank by Beulah (Residential Tower) I Melbourne&nbsp;I 356.2M</h2>

Green Spine, know known as Soutbank by Beulah having been taken over by the Melbourne developer Beulah, will be&nbsp;designed by&nbsp;<a href="/architects/cox-architecture">Cox Architecture</a>&nbsp;and is&nbsp;planned to be the tallest skyscraper in the Southern Hemisphere. The tower was the winner of <a href="/developers/beulah">Beulah International</a>&rsquo;s international competition for a $2 billion development in Melbourne&rsquo;s <a href="/new-apartments/southbank-vic-3006">Southbank</a>.&nbsp;

[smartcode_project:default project_id=8804]

&nbsp;

<h2>#2. Magic Tower&nbsp;I Melbourne&nbsp;I 60- storeys&nbsp;I 330M</h2>

The Magic Tower is a slender skyscraper designed by <a href="/architects/decibel-architecture">Decibel Architecture</a> in partnership with Royal Society of Victoria. The residential tower will be located in the north eastern corner of Hoddle Grid.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/magic_11.jpg" rel="gallery-all" title="If to be built Magic Tower will be the tallest tower for it's width in Melbourne. Image: Decibel Architecture"><img alt="" class="image-article-full-width-580px" height="714" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/magic_11.jpg?itok=__Rf7Zwf" title="If to be built Magic Tower will be the tallest tower for it's width in Melbourne. Image: Decibel Architecture" width="580" /></a>

<figcaption>If to be built Magic Tower will be the tallest tower for it&#39;s width in Melbourne. Image: Decibel Architecture</figcaption>
</figure>

&nbsp;

<h2>#3. Orion Towers (South Tower) |&nbsp;Gold Coast | 103-storeys | 328m</h2>

<figure>
<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/orion_towers.jpg" rel="gallery-all" title="Orion Towers' South Tower would become the tallest in Australia. Image: Woods Bagot"><img alt="" class="image-article-full-width-580px" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/orion_towers.jpg?itok=rtzkSomr" style="width: 580px; height: 327px;" title="Orion Towers' South Tower would become the tallest in Australia. Image: Woods Bagot" /></a>

<figcaption>Orion Towers&#39; South Tower would become the tallest in Australia. Image: Woods Bagot</figcaption>
</figure>

The $1.2b twin-tower development in Surfers Paradise known as <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">Orion Towers</a> will soar 103 storeys high for a total height of 328m, inching out Melbourne&#39;s One Queensbridge by 5m. The development will also feature Australia&rsquo;s highest observation restaurant on level 101 offering 360-degree views.

The tower is anticipated to be completed by 2027.

[smartcode_project:default project_id=8887]

&nbsp;

<h2>#4. One Queensbridge |&nbsp;Melbourne | 90-storeys | 323m</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/qbt.jpg" rel="gallery-all" title="One Queensbridge should it proceed, would eclipse Australia 108. Image: Schiavello"><img alt="" class="image-article-full-width-580px" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/qbt.jpg?itok=DqCq-D0j" style="width: 580px; height: 396px;" title="One Queensbridge should it proceed, would eclipse Australia 108. Image: Schiavello" /></a>

<figcaption>One Queensbridge should it proceed, would eclipse Australia 108. Image: Schiavello</figcaption>
</figure>

<a href="/new-apartments/one-queensbridge-street-1-23-queensbridge-street-southbank">One Queensbridge</a> should it proceed, would eclipse Australia 108. It will be a JV between Crown Resorts and <a href="/developers/schiavello">Schiavello</a>. <a href="https://www.theage.com.au/business/companies/packer-s-plans-uncertain-on-australia-s-tallest-building-20180525-p4zhhz">The Age reported</a>&nbsp;in May of last year that as part of the approval, a deadline for February 2019 had been set to commence construction of the project.

The Wilkinson Eyre designed goliath is yet to commence, as it is currently undergoing construction delays due to being unable to obtain government approval for alterations.

[smartcode_project:default project_id=245]

&nbsp;

<h2>#5. Australia 108 | Melbourne | 100-storeys | 317m</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/aus108_1.jpg" rel="gallery-all" title="Australia 108 races along to its title of Melbourne's tallest. Images (L-R): FK | Mark Baljak"><img alt="" class="image-article-full-width-580px" height="265" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/aus108_1.jpg?itok=diMxAs9s" title="Australia 108 races along to its title of Melbourne's tallest. Images (L-R): FK | Mark Baljak" width="580" /></a>

<figcaption>Australia 108 races along to its title of Melbourne&#39;s tallest. Images (L-R): FK | Mark Baljak</figcaption>
</figure>

<a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> is to rise opposite it&rsquo;s sister tower, Eureka.

[smartcode_project:default project_id=582]

This time last year, Australia 108&#39;s core reached level 60 with the floorplates well over the halfway mark. This also coincided with the first residents beginning to move in on levels 14 and 30 as part of the completion of stage 1.

The tower is still presently undergoing construction, with more residents being able to move in from 2020.

&nbsp;

<h2>#6. Spirit | Gold Coast | 89-storeys | 298m</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/spirit_gc.jpg" rel="gallery-all" title="Spirit on the Gold Coast will launch to the market next month. Image: Forise Holdings"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/spirit_gc.jpg?itok=BpZZiGBR" title="Spirit on the Gold Coast will launch to the market next month. Image: Forise Holdings" width="580" /></a>

<figcaption>Spirit on the Gold Coast will launch to the market next month. Image: Forise Holdings</figcaption>
</figure>

Designed by <a href="/architects/dbi">DBI Design</a> who have previously designed other notable towers on the Gold Coast such as Oracle, <a href="/buildings/jewel-residences-surfers-paradise-36-old-burleigh-road-surfers-paradise">Jewel</a>, SOUL Tower and The Wave, Spirit was to have been the tallest building to roof in Surfers Paradise prior to Orion Towers&#39; entry onto the list.

The design features a dramatic wave across its facade similar to The Wave, but on a grander scale. The current proposal replaces an earlier scheme for Iluka Tower, following Forise Holdings purchase of the site in 2015.

This tower is in the early stages of construction.

[smartcode_project:default project_id=8128]

[smartcode_project:default project_id=93998]

[smartcode_project:default project_id=8843]

[smartcode_project:default project_id=8887]

[smartcode_project:default project_id=6207]

<h2>&nbsp;</h2>

<h2>#7. Cienna Square Tower II | Gold Coast | 88-storeys | 280m</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/cienna_square.jpg" rel="gallery-all" title="Cienna Square will be developed on the site of the former Regent Cinema. Image: DBI Design"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/cienna_square.jpg?itok=VhFJsHIh" title="Cienna Square will be developed on the site of the former Regent Cinema. Image: DBI Design" width="580" /></a>

<figcaption>Cienna Square will be developed on the site of the former Regent Cinema. Image: DBI Design</figcaption>
</figure>

Cienna Square will be developed on the site of the former Regent Cinema. DBI Design&#39;s second entry on the list is for a dual tower on the Southport site of the former Regent Cinema, which has remained empty since it was cleared to pave way for a now unbuilt scheme back in 1989.

Cienna Square received preliminary approval back in April 2016.

&nbsp;

<h2>#8. Crown Sydney Hotel &amp; Resort | Sydney | 75-storeys | 271m</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/crown_sydney.jpg" rel="gallery-all" title="Crown Sydney Hotel and Resort will be built within Barangaroo. Image: Wilkinson Eyre"><img alt="" class="image-article-full-width-580px" height="395" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/crown_sydney.jpg?itok=rF1VRZYX" title="Crown Sydney Hotel and Resort will be built within Barangaroo. Image: Wilkinson Eyre" width="580" /></a>

<figcaption>Crown Sydney Hotel and Resort will be built within Barangaroo. Image: Wilkinson Eyre</figcaption>
</figure>

Crown Sydney Hotel and Resort will be built within Barangaroo.

Crown Resorts&#39; second tower on the list sees it once again collaborating with architects Wilkinson Eyre on what is set to become Sydney&#39;s tallest building, capping off the Barangaroo development.

The tower is expected to be completed in the first half of 2021.

&nbsp;

<h2>#9. Brisbane Skytower | Brisbane | 90-storeys | 270m</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/brisbane_skytower.jpg" rel="gallery-all" title="Brisbane's under construction Skytower. Image (L-R): Billbergia | Ozscrapers member fyturis "><img alt="" class="image-article-full-width-580px" height="304" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/brisbane_skytower.jpg?itok=dsSud53R" title="Brisbane's under construction Skytower. Image (L-R): Billbergia | Ozscrapers member fyturis " width="580" /></a>

<figcaption>Brisbane&#39;s under construction Skytower. Images (L-R): Billbergia | Ozscrapers member fyturis</figcaption>
</figure>

Brisbane&#39;s recently completed <a href="/buildings/brisbane-skytower-222-margaret-street-brisbane">Skytower</a>. <a href="/developers/billbergia">Billbergia</a> and <a href="/developers/amp-capital">AMP Capital&#39;s</a> joint venture project, Skytower is Brisbane&#39;s tallest tower and bookend the southern edge of the CBD, it is located directly opposite the Botanic Gardens.

New levels have just been completed on this tower and are now selling.

[smartcode_project:default project_id=6199]

&nbsp;

<h2>#10. 240 Margaret Street |&nbsp;Brisbane | 87-storeys | 270m&nbsp;</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/240_margefrom-kp.jpg" rel="gallery-all" title="240 Margaret with the neighouring U/C Skytower. Image: World Class Land"><img alt="" class="image-article-full-width-580px" height="557" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/240_margefrom-kp.jpg?itok=bls0H2ab" title="240 Margaret with the neighouring U/C Skytower. Image: World Class Land" width="580" /></a>

<figcaption>240 Margaret with the neighouring U/C Skytower. Image: World Class Land</figcaption>
</figure>

<a href="/new-apartments/240-margaret-street-brisbane">240 Margaret</a> with the neighbouring U/C Skytower. World Class Land&#39;s second entry on the list following its Australia 108 project will reach the same height as the neighbouring Skytower development. This is the maximum height allowed in Brisbane as a result of Brisbane Airport radar shadowing issues.

The tower has been granted development approval.

[smartcode_project:default project_id=6227]

Laurence Dragomir

Top 10 (Future) Tallest Buildings in Australia

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The global benchmark for environmental, social and governance (ESG) performance of real assets, GRESB has named the Australia and New Zealand real estate market as the world’s most sustainable.
GRESB assessed 850 real estate companies and funds, representing more than 77,000 properties and AUD $4.6 trillion in global assets under management.
The Australia/New Zealand regional score was 73, compared with a global average of 63.
In 2016, Australia/NZ scored 74, compared with the global average of 60.
Ruben Langbroek, Head of Asia Pacific at GRESB said a record 66 Australian companies with AUD $205 billion in assets reported to GRESB this year, up from 55 last year.
He said this uptake is a direct result of increased investor demand for ESG-related disclosures.
“Transparency on ESG performance of property companies and funds supports investors, such as superannuation funds, to make better informed decisions on where and how to allocate their capital," he said.
“Importantly, it also enables them to identify material topics for engagement with their investment managers, with the aim of enhancing and protecting shareholder value.
“The results for Australia and New Zealand underline that investor interest, supported by accurate ESG performance benchmarking and building-level certification programs, is empowering the spread of leading practices in sustainability.
“The region’s integrated approach to sustainability supports the industry’s efforts to create healthy working environments, efficient buildings, inclusive communities and resilient cities.”
Romilly Madew, CEO, Green Building Council of Australia’s said green building certification programs, like Green Star and NABERS, are now institutionalised in mature real estate markets like Australia.
“Disclosure and transparency continue to drive the market in Australia, influenced by a host of factors from the Paris Agreement targets and Sustainable Development Goals, to disclosure requirements through the stock exchange and the Green Building Council of Australia’s zero carbon agenda,” she said.
“Australia continues to be recognised globally for its high level of transparency, collaboration and knowledge- sharing, as well as its accountability for sustainability at the highest levels.
“GRESB can help investors understand important non-financial metrics that are influencing the value of buildings across global markets.
“Leading companies understand this, which is why 20 per cent more Australian companies are now reporting to GRESB than a year ago.”
Lendlease’s Australian Prime Property Fund Commercial was ranked number one of all 850 companies and funds globally.
Lendlease International Towers Sydney Trust and Lendlease One International Towers Sydney Trust were jointly named the most sustainable development funds globally, and the Asian Retail Investment Fund 1 recognised as the regional leader for the retail sector in Asia.
The Australian Prime Property Fund Retail ranked number two in Oceania.
Josh McHutchison, Lendlease’s Managing Director, Investment Management, said around the world, we continue to see more and more investment in sustainable world-class assets.
“Established rating tools like Green Star provide investors with an independent verification of performance and helps us position our funds to meet the demands of leading investors,” he said.
Dexus Wholesale Property Fund was named a global sector leader for diversified office and retail groups.
Darren Steinberg, Dexus Chief Executive Officer said being named a global sector leader recognises our success in delivering world class, sustainable properties and is testament to the hard work and efforts of our sustainability team
Stockland was ranked first globally among listed companies for the diversified office and retail sector.
Stockland also announced today they will invest $23.5 million roll out Australia’s largest ever property solar project at 10 of its shopping centres across the country.
Davina Rooney, Stockland General Manager for Sustainability, said Stockland, sustainability is integral to what we do, creating vibrant and thriving places to shop, work and live, now and into the future.
“We continue to take a concerted effort to improve and measure sustainability across the business - within our assets, through our supply chain, the location and design of our communities and through tangible benefits to our customers and retailers,” he said
“We are 100% committed to investing in sustainability for the business and extremely proud to be setting this new standard in solar for Australian property.”
GRESB’s regional sector leaders for Australia/NZ are:
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="186">
Retail – Mixed:
</td>
<td valign="top" width="239">
Vicinity Centres
</td>
</tr>
<tr>
<td valign="top" width="186">
Office – Listed:
</td>
<td valign="top" width="239">
Dexus Office Trust
</td>
</tr>
<tr>
<td valign="top" width="186">
Office – Private:
</td>
<td valign="top" width="239">
Australian Prime Property Fund Commercial – Lendlease
</td>
</tr>
<tr>
<td valign="top" width="186">
Industrial – Mixed:
</td>
<td valign="top" width="239">
Frasers Logistics &amp; Industrial Trust
</td>
</tr>
<tr>
<td valign="top" width="186">
Diversified – Retail/Office Mixed:
</td>
<td valign="top" width="239">
Dexus Wholesale Property Fund
</td>
</tr>
<tr>
<td valign="top" width="186">
Development fund – Listed:
</td>
<td valign="top" width="239">
Goodman Group
</td>
</tr>
<tr>
<td valign="top" width="186">
Development fund – Private:
</td>
<td valign="top" width="239">
Lendlease International Towers Sydney Trust
</td>
</tr>
</tbody></table>
The Dow Jones Sustainability Index named Mirvac the top real estate group.
Investment specialist group RobecoSAM, which compiles the rankings, singled out Mirvac’s “climate strategy and approach to biodiversity” as “particularly laudable”.
Mirvac's top ranking was underpinned by strengths in corporate governance, impact measurement and valuation, environmental reporting, and social reporting.
Mirvac’s CEO and Managing Director, Susan Lloyd-Hurwitz. said the result demonstrates our whole-hearted commitment to sustainability in its broadest form, which provides real value to our communities, customers, partners and investors.
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j.ballantyne1990-6AQqhLzZaK

Australia posts seven years of global sustainability leadership

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<img src="https://counter.theconversation.com/content/84049/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Since the 19th century, Australian drovers have moved their livestock along networks of stock routes.
Often following traditional Indigenous pathways, these corridors and stepping-stones of remnant vegetation cross the heavily cleared wheat and sheep belt in central New South Wales.
The publicly owned Travelling Stock Reserve network of New South Wales is now under government review, which could see the ownership of much of this crown land move into private hands.
But in a study published today in the Australian Journal of Botany we suggest that privatising stock routes may endanger vital woodlands and put vulnerable species at risk.
The review will establish how individual reserves are currently being used. Although originally established for graziers, the patches of bush in the network are now more likely to be used for recreation, cultural tourism, biodiversity conservation, apiary and drought-relief grazing.
This shift away from simply moving livestock has put pressure on the government to seek “value” in the network.
The review will consider proposals from individuals and organisations to buy or acquire long-term leases for particular reserves.
It is likely that most proposals to purchase travelling stock reserves would come from existing agricultural operations.
Travelling stock reserves across New South Wales represent some of the most intact examples of now-endangered temperate grassy woodland ecosystems.
Our research found that changing the status or use of these reserves could seriously impact these endangered woodlands.
They criss-cross highly developed agricultural landscapes, which contain very limited amounts of remnant vegetation (areas where the bush is relatively untouched).
Travelling stock reserves are therefore crucially important patches of habitat and resources for native plants and animals.
This isn’t the first time a change in ownership of travelling stock reserves has been flagged.
Over the last century, as modern transport meant the reserves were used less and less for traditional droving, pressure to release these areas for conventional agriculture has increased.
To understand what a change in land tenure might mean to the conservation values of these woodlands, we spent five years monitoring vegetation in stock reserves in comparison to remnant woodlands on private farmland.
We found that travelling stock reserves contained a higher number of native plant species, more native shrubs, and less exotic plants than woodland remnants on private land.
The higher vegetation quality in travelling stock reserves was maintained over the five years, which included both the peak of Australia’s record-breaking Millennium Drought and the heavy rainfall that followed, referred to as the “Big Wet”.
The take-home message was that remnant woodland on public land was typically in better nick than in private hands.
Importantly, other studies have found that this high-quality vegetation is critical for many threatened and vulnerable native animals.
For example, eastern yellow robins and black-chinned honeyeaters occur more frequently in places with more shrubs growing below the canopy.
The contrast we saw between woodlands in travelling stock reserves and private land reflects the different ways they’re typically managed.
Travelling stock reserves have a history of periodic low-intensity grazing, mostly by cattle, with long rest periods.
Woodland on active farms tend to be more intensively grazed, by sheep and cattle, often without any strategic rest periods.
The uncertain future of travelling stock reserves casts doubt on the state of biodiversity across New South Wales.
The current review of travelling stock reserves is considering each reserve in isolation.
It flies in the face of the belief of many managers, practitioners and researchers that the true value of these reserves is in the integrity of the entire network – that the whole is greater than the sum of its parts.
Travelling stock reserves protect threatened species, allow the movement of wildlife, are seed sources for habitat restoration efforts, and support the ecosystem of adjacent agricultural land.
These benefits depend on the quality of the remnant vegetation, which is determined by the grazing regime imposed by who owns and manages the land.
Of course, not all travelling stock reserves are in good condition.
Some are subject to high-intensity livestock grazing (for example, under longer-term grazing leases) coupled with a lack of funding to manage and enhance natural values.
Changing the land tenure status of travelling stock reserves risks increasing grazing pressure, which our study suggests would reduce ecosystem quality and decrease their conservation value.
The travelling stock routes are important parts of our ecosystem, our national heritage, and our landscape.
They can best be preserved by remaining as public land, so the entire network can be managed sustainably.
This requires adequate funding for the Local Land Services, so they can appropriately manage pest animals, weeds, erosion and illegal firewood harvesting and rubbish dumping.
Travelling stock reserves are more than just The Long Paddock – they are important public land, whose ecological value has been maintained under public control. They should continue to be managed for the public good.
Luke S. O'Loughlin is a research fellow at the Australian National University and can be contacted <a href="https://theconversation.com/profiles/luke-s-oloughlin-183211" target="_blank">here</a>.
Damian Michael is an ecologist at the Australian National University and can be contacted <a href="https://theconversation.com/profiles/damian-michael-409368" target="_blank">here</a>.
David Lindenmayer is a professor for The Fenner School of Environment and Society at the Australian National University and can be contacted <a href="https://theconversation.com/profiles/david-lindenmayer-4848" target="_blank">here</a>.
Thea O'Loughlin is an ecologist and adjunct researcher at Charles Stuart University and can be contacted <a href="https://theconversation.com/profiles/thea-oloughlin-407914" target="_blank">here</a>.
All are authors at The Conversation.
<img src="https://counter.theconversation.com/content/84049/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
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jchancellor-FAypfDUnLy

Review of historic stock routes may put rare stretches of native plants and animals at risk

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Australia’s population is booming, with some regions growing by more than 50 percent over the last five years.
In celebration of its upcoming 10th anniversary, <a href="https://www.nearmap.com.au" target="_blank">Nearmap</a>, the Aussie aerial imagery company, has paired its high-res aerial imagery with new Australian Bureau of Statistics data, revealing the country's rapid growth through before and after images of the top 10 fastest growing regions in Australia.
As businesses and local governments work to stay ahead of housing and infrastructure demand, it is becoming increasingly important to fully utilise technology to save time, keep costs down and ultimately speed up delivery of large-scale, long-term developments projects, like those pictured below.
Rob Newman, Nearmap CEO, said from the ground it can be difficult to see the pace at which Australia is growing.
"But when you look at it from the air, you can observe in incredible detail the change occurring across our country, even just in the last five years," he said.
“Nearmap captures, manages and delivers the most frequently-updated high res aerial imagery in the world.
“And by having access to the most up to date information, businesses and government agencies are able to make more informed and strategic decisions, critical for effectively planning and managing urban development as Australia’s population continues to grow.”
Below are the top 10 regions around Australia that have experienced the highest percentage of population growth between 2011 and 2016.
<table style="width: 411px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="48">
Order
</td>
<td valign="top" width="94">
Region name
</td>
<td valign="top" width="83">
2011 population
</td>
<td valign="top" width="83">
2016 population
</td>
<td valign="top" width="57">
Growth
</td>
<td valign="top" width="47">
State
</td>
</tr>
<tr>
<td valign="top" width="48">
1
</td>
<td valign="top" width="94">
Serpentine – Jarrahdale
</td>
<td valign="top" width="83">
17,805
</td>
<td valign="top" width="83">
26,873
</td>
<td valign="top" width="57">
50%
</td>
<td valign="top" width="47">
WA
</td>
</tr>
<tr>
<td valign="top" width="48">
2
</td>
<td valign="top" width="94">
Gungahlin
</td>
<td valign="top" width="83">
47,303
</td>
<td valign="top" width="83">
71,142
</td>
<td valign="top" width="57">
50%
</td>
<td valign="top" width="47">
ACT
</td>
</tr>
<tr>
<td valign="top" width="48">
3
</td>
<td valign="top" width="94">
Melbourne City
</td>
<td valign="top" width="83">
93,612
</td>
<td valign="top" width="83">
135,969
</td>
<td valign="top" width="57">
45%
</td>
<td valign="top" width="47">
VIC
</td>
</tr>
<tr>
<td valign="top" width="48">
4
</td>
<td valign="top" width="94">
North Lakes
</td>
<td valign="top" width="83">
51,568
</td>
<td valign="top" width="83">
71,560
</td>
<td valign="top" width="57">
38%
</td>
<td valign="top" width="47">
QLD
</td>
</tr>
<tr>
<td valign="top" width="48">
5
</td>
<td valign="top" width="94">
Wyndham
</td>
<td valign="top" width="83">
166,020
</td>
<td valign="top" width="83">
221,895
</td>
<td valign="top" width="57">
33%
</td>
<td valign="top" width="47">
WA
</td>
</tr>
<tr>
<td valign="top" width="48">
6
</td>
<td valign="top" width="94">
Kwinana
</td>
<td valign="top" width="83">
29,227
</td>
<td valign="top" width="83">
38,918
</td>
<td valign="top" width="57">
33%
</td>
<td valign="top" width="47">
WA
</td>
</tr>
<tr>
<td valign="top" width="48">
7
</td>
<td valign="top" width="94">
Casey – South
</td>
<td valign="top" width="83">
128,361
</td>
<td valign="top" width="83">
168,177
</td>
<td valign="top" width="57">
31%
</td>
<td valign="top" width="47">
VIC
</td>
</tr>
<tr>
<td valign="top" width="48">
8
</td>
<td valign="top" width="94">
Ormeau – Oxenford
</td>
<td valign="top" width="83">
94,056
</td>
<td valign="top" width="83">
120,883
</td>
<td valign="top" width="57">
28%
</td>
<td valign="top" width="47">
QLD
</td>
</tr>
<tr>
<td valign="top" width="48">
9
</td>
<td valign="top" width="94">
Whittlesea – Wallan
</td>
<td valign="top" width="83">
166,907
</td>
<td valign="top" width="83">
213,708
</td>
<td valign="top" width="57">
28%
</td>
<td valign="top" width="47">
VIC
</td>
</tr>
<tr>
<td valign="top" width="48">
10
</td>
<td valign="top" width="94">
Bringelly – Green Valley
</td>
<td valign="top" width="83">
80,339
</td>
<td valign="top" width="83">
102,811
</td>
<td valign="top" width="57">
28%
</td>
<td valign="top" width="47">
NSW
</td>
</tr>
</tbody></table>
Serpentine - Byford December 2012
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.10.24%20AM.png" alt="">
Byford June 2016
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.11.19%20AM.png" alt="">
Gungahlin - May 2012
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.12.40%20AM.png" alt="">
 
Gungahlin April 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.22.31%20AM.png" alt="">
 Melbourne City - Carlton November 2011
<h1 class="filename"><img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.25.35%20AM.png" alt=""></h1>
 
Carlton May 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.26.16%20AM.png" alt="">
QLD North Lakes
Griffin June 2011
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.27.28%20AM.png" alt="">
Griffin June 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.28.12%20AM.png" alt="">
Wyndham Vale Victoria
January 2012
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.29.12%20AM.png" alt="">
Wyndham Vale February 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.30.03%20AM.png" alt="">
Western Australia
Wandi June 2013
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.31.02%20AM.png" alt="">
Wandi June 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.31.43%20AM.png" alt="">
 Cranbourne East August 2011
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.33.50%20AM.png" alt="">
Cranbourne East March 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.34.23%20AM.png" alt="">
Queensland 
Ormeau Hills May 2010
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.35.36%20AM.png" alt="">
Ormeau Hills June 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.36.30%20AM.png" alt="">
 Victoria
Doreen December 2010
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.37.48%20AM.png" alt="">
Doreen February 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.38.21%20AM.png" alt="">
New South Wales
Cobbitty February 2010
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.39.33%20AM.png" alt="">
Cobbitty April 2017
<img src="https://www.urban.com.au/images/2017/08/18/Screen%20Shot%202017-08-18%20at%2011.40.18%20AM.png" alt="">
</body></html>

New images reveal Australia’s 10 fastest growing regions

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The calendar year 2016 marked another year of strong performance in property investment markets, according to Savills’ latest report.
In Australia, Savills recorded approximately $27 billion worth of commercial property transactions in the  12 months to December 2016, down from $33.74 billion in the previous year, but much the same as the five year average ($25.6 billion).
A lack of portfolios and a diminishing supply of prime properties for sale continues to weigh on investment volumes.
<a href="https://www.propertyobserver.com.au/images/2017/02/21/Screen%20Shot%202017-02-21%20at%207.16.16%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/21/Screen%20Shot%202017-02-21%20at%207.16.16%20pm.jpg" alt="">
Foreign investors were the most active in the investment market in 2016, purchasing 40 percent of stock reported sold or approximately $10.7 billion.
Professional investors, represented by Trusts, Funds and Syndicates, purchased a total of $8.75 billion of commercial property.
Both buyer groups remain keenly interested with ongoing appetite for commercial property investment.
A slowdown in resource demand from China, a reversal of commodity prices and the end of the mining investment boom (coupled with the GFC) saw interest rates in Australia fall to historic lows.
<a href="https://www.propertyobserver.com.au/images/2017/02/21/Screen%20Shot%202017-02-21%20at%207.16.26%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/21/Screen%20Shot%202017-02-21%20at%207.16.26%20pm.jpg" alt="">
A subsequent pickup in occupier and investment demand in Melbourne and Sydney followed whilst there was a substantial reversal in fortunes in Brisbane and Perth. Whilst Brisbane has stabilised,
Perth continues to be challenged (more office supply is in the pipeline), Melbourne is meeting both occupier and investment demand with a supply response whilst Sydney remains challenged on the supply front.
An added difficulty in both Melbourne and Sydney is the continual withdrawal of office space and development sites (both in CBD and non-CBD office markets) for conversion to residential or compulsory acquisition for public works.
<a href="https://www.propertyobserver.com.au/images/2017/02/21/Screen%20Shot%202017-02-21%20at%207.16.37%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/21/Screen%20Shot%202017-02-21%20at%207.16.37%20pm.jpg" alt="">
Capital markets exhibited greater degrees of volatility throughout 2016 and have finished the year stronger with the ASX200 rising 9 percent over the last six months, the Australian dollar ended up largely unchanged against the US dollar and 10 year bonds yields softened by 90 basis points to approximately 2.9%.
Commercial property investment yields continued to firm across the board (by an average 20 basis points) – a theme we have been writing about for several years now.
Whilst the “bond yield” story has run its course, in some markets, fundamentals are improving rapidly.
“We believe this improvement will lead to further tightening in yields as investment capital starts to price in expectations of future NOI growth. This part of the yield cycle is just beginning,” the report stated.
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Strong performance in the Australian 2016 commercial property market: Savills

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The longstanding appeal of Australian markets as a destination for core investors globally continues, according to new real estate forecast.
Australia’s popularity is a result of a mature market and relatively high yields, but an acute shortage of investable assets has led to reduced transaction volume in 2016, according to Emerging Trends in Real Estate Asia Pacific 2017, published by the Urban Land Institute and PWC.
Large amounts of foreign capital continue to arrive in Australia looking for deals, although 2015 was the first in many years where domestic purchases were the largest component of investment-grade acquisitions.
This reflects the huge weight of capital that needs to be invested in Australia from domestic pension funds.
“The numbers of investors that are looking for opportunities vastly outweighs the prospects available because the amount of institutional-quality real estate is small,” said John Carfi, ULI Australia chairman and head of residential at Mirvac.
“We have noticed that although foreign investors are generally reluctant to migrate away from the CBD, a lack of available stock means they often have little choice if they want to place capital."
This year’s investment prospects survey shows a strong shift away from last year’s favorites, which featured Sydney and Melbourne, in favor of emerging-market destinations, with two Indian cities topping a list which also includes Vietnam, the Philippines and Shenzhen in 5th position.
Other major survey findings include steep declines in the popularity of gateway cities, with the exception of Shanghai which has seen a resurgence in foreign investment over the last couple of years, despite high prices.
This overarching shift reflects the difficulty in sourcing core assets in an environment where owners have few other places to invest their capital if they sell, together with the growing urgency of investors’ quest for yield as returns are squeezed ever lower.
The top five markets for investment and development in 2017:
• Bangalore (first in investment and development) –The big story for investors has long been the city’s role as India’s main hub for the business process outsourcing (BPO) and IT industries. There is huge demand for space as both domestic and international companies flock to open both call-in and research-and-development centers.
• Mumbai (second in investment, third in development) – Mumbai’s geography has prevented easy expansion of the city’s metropolitan area, which has made it both the most expensive city in India and the slowest growing. However, a major road and rail infrastructure program will allow easier access to the center from outlying areas, with most construction scheduled for completion before 2019.
• Manila (third in investment, fourth in development) –The Philippines continues to attract positive comments, with its vibrant economy led by a booming BPO market and strong remittances from overseas workers. Today, the fundamentals appear as strong as ever. Demand is resilient and vacancies remain low, and office capital values and rents continue to show good growth.
• Ho Chi Minh City (fourth in investment, second in development) –Vietnam is one of the fastest-growing economies in South-east Asia and is probably the most popular real estate investment destination, with capital arriving from numerous sources but in particular from Japan, Singapore, and Hong Kong.
• Shenzhen (fifth in investment, fifth in development) – The major recent talking point for Shenzhen has been its residential sector, where prices have soared more than 40% year on year in the first three quarters of 2016—the fastest in the world. On the commercial side, office rents have been on a steady upward trajectory for years and are now double their level of 2009.
Other findings from the report include the following:
• Core assets continue to be the favored asset class, although product is becoming increasingly hard to source. One way around this is for investors to assume development risk by pursuing “build-to-core” projects. Although these are not traditionally considered a core strategy, many core investors are now willing to adopt this approach, especially when it involves buyers such as insurance companies that are likely to be long-term holders of the end product.
• Investors with a mandate for higher return strategies continue to migrate up the risk curve, both in terms of sectors — pursuing niche strategies such as sub-logistics facilities or data centers — and geographically, with emerging markets such as India drawing increasing attention.
• Investments in metropolitan areas have become a popular theme given ongoing trends of urbanization, land shortages in city centers, and low returns from central business district projects. Cities across the Asia Pacific including Sydney, Shanghai, Mumbai, and Jakarta are engaged in major transportation construction projects that link suburbs or satellite towns to city centers.
• In line with markets in the West, Asia is embracing the shared economy. The last 12 months have seen huge growth in the adoption of shared workspaces, either as standalone businesses that rent open-plan office facilities to individual or corporate users, or on a corporate basis, as large companies scrap conventional office layouts and embrace hot-desking and collaborative working environments. On the residential side, shared spaces are also becoming more prominent as rising prices continue to shrink apartment footprints.
The report, which is being released at a series of events across Asia over the next several weeks, provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by property sector and metropolitan area.
It is based on the opinions of 604 internationally renowned real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants.
The full report is available here.
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