Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

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The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

&nbsp;

&nbsp;

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ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

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Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

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Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

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&nbsp;

“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

[smartcode_project:default project_id=89243 project_image_fid=310789]

Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

&nbsp;

Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

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“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

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[smartcode_project_cta:default project_id=89243]

TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335425]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

&nbsp;

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Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

[smartcode_project:default project_id=509 project_image_fid=335426]

The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335427]

This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

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640 Bourke Street: A heritage address at the heart of Melbourne

Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

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Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

&nbsp;

The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Aviation

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Move aside electric cars, another disruption set to occur in the next decade is being ignored in current <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-04-18/coalition-says-it-is-not-anti-electric-cars/11029222" target="_blank">Australian transport infrastructure debates</a>: electric aviation.
Electric aircraft technology is rapidly developing <a href="https://www.magnix.aero/about-us/">locally</a> and overseas, with the aim of potentially <a href="https://www.nbcnews.com/mach/science/electric-planes-promise-big-benefits-air-passengers-planet-ncna862001" target="_blank">reducing emissions and operating costs by over 75%</a>. Other countries are already <a href="http://www.bbc.com/future/story/20180814-norways-plan-for-a-fleet-of-electric-planes" target="_blank">planning for 100% electric short-haul plane fleets</a> within a couple of decades.
Australia relies heavily on air transport. The country has the <a href="https://www.pc.gov.au/inquiries/current/airports-2019/draft/airports-draft-overview.pdf" target="_blank">most domestic airline seats per person</a> in the world. We have also witnessed flight <a href="https://www.pc.gov.au/inquiries/current/airports-2019/issues/airports-issues.pdf" target="_blank">passenger numbers double</a> over the past 20 years.
Infrastructure projects are typically planned 20 or more years ahead. This makes it more important than ever that we start to adopt a disruptive lens in planning. It’s time to start accounting for electric aviation if we are to capitalise on its potential economic and environmental benefits.
What can these aircraft do?
There are <a href="https://mashable.com/feature/electric-airplanes-future-flight/#ZR4G.vl9cZq3" target="_blank">two main types</a> of electric aircraft: <a href="https://www.harbourair.com/harbour-air-and-magnix-partner-to-build-worlds-first-all-electric-airline/" target="_blank">short-haul planes</a> and vertical take-off and landing (<a href="https://lilium.com/" target="_blank">VTOL</a>) vehicles, including <a href="https://www.engineersaustralia.org.au/News/passenger-carrying-drones-now-reality" target="_blank">drones</a>.
The key issue affecting the uptake of electric aircraft is the need to ensure enough <a href="https://www.technologyreview.com/s/612351/top-battery-scientists-have-a-plan-to-electrify-flight-and-slash-airline-emissions/" target="_blank">battery energy density</a> to support commercial flights. While some <a href="https://theconversation.com/why-arent-there-electric-airplanes-yet-103955" target="_blank">major impediments</a> are still to be overcome, we are likely to see short-haul electric flights locally before 2030. <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-01-04/first-electric-plane-passenger-flights-in-australia-to-rottnest/9304424" target="_blank">Small, two-to-four-seat, electric planes</a> are already <a href="https://particle.scitech.org.au/tech/aussie-first-electric-plane-takes-to-wa-skies/" target="_blank">flying in Australia today</a>.
<iframe src="https://www.youtube.com/embed/_UhOYtq1_Ag?wmode=transparent&amp;start=0" frameborder="0" width="440" height="260"></iframe>
An electric plane service has been launched in Perth.
A scan of global electric aircraft development suggests rapid advancements are likely over the coming decade. By 2022, <a href="https://www.greentechmedia.com/articles/read/siemens-to-supply-motors-for-eviations-all-electric-airplanes" target="_blank">nine-seat planes</a> could be doing short-haul <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-10-27/electric-passenger-planes-four-years-away-says-tech-firm/10401950" target="_blank">(500-1,000km)</a> flights. <a href="https://www.flightglobal.com/news/articles/easyjet-outlines-progress-on-electric-jet-453088/" target="_blank">Before 2030</a>, small-to-medium <a href="https://electrek.co/2018/10/29/electric-flying-is-becoming-a-reality-says-easyjet-ceo-electric-plane/" target="_blank">150-seat planes</a> could be flying up to 500 kilometres. Short-range (<a href="https://www.dezeen.com/2019/01/28/boeing-autonomous-passenger-drone-flying-car/">100</a>-<a href="https://www.forbes.com/sites/michaelgoldstein/2019/01/14/bell-nexus-vtol-air-taxi-makes-a-splash-at-2019-consumer-electronics-show/#2c8801fb2e31" target="_blank">250 km</a>) VTOL aircraft could also become viable in the 2020s.
If these breakthroughs occur, we could see <a href="https://www.businesswire.com/news/home/20170405005365/en/Zunum-Aero-Developing-Hybrid-Electric-Aircraft-Fast-Affordable" target="_blank">small, commercial, electric aircraft</a> operating on some of Australia’s busiest air routes, including Sydney-Melbourne or Brisbane, as well as opening up new, cost-effective travel routes to and from regional Australia.
<a href="https://images.theconversation.com/files/267813/original/file-20190405-180014-57189i.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/267813/original/file-20190405-180014-57189i.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Possible short-haul electric aircraft ranges of 500km and 1,000km around Melbourne, Sydney and Brisbane. Author provided
Why go electric?
In addition to new export opportunities, as shown by <a href="https://thedriven.io/2019/04/22/australias-magnix-chosen-to-power-eviation-electric-aircraft/%E2%80%8B">MagniX</a>, electric aviation could greatly reduce the financial and environmental costs of air transport in Australia.
Two major <a href="/news">components of current airline costs</a> are fuel (27%) and maintenance (11%). Electric aircraft could deliver <a href="https://www.flightglobal.com/news/articles/eviation-secures-funding-for-all-electric-alice-454830/" target="_blank">significant price reductions</a> through reduced energy and maintenance costs.
Short-haul electric aircraft are particularly compelling given the inherent energy efficiency, simplicity and longevity of the battery-powered motor and drivetrain. No alternative fuel sources can deliver the same level of savings.
With conventional planes, a high-passenger, high-frequency model comes with a limiting <a href="https://www.sciencedirect.com/science/article/pii/S1361920912000703" target="_blank">environmental cost</a> of burning fuel. Smaller electric aircraft can avoid the fuel costs and emissions resulting from high-frequency service models. This can lead to increased competition between airlines and between airports, further lowering costs.
What are the implications of this disruption?
Air transport is generally organised in combinations of <a href="https://aeronauticsonline.com/the-airline-economics-of-the-bicycle-wheel-point-to-point-vs-hub-and-spoke-flying/" target="_blank">hub-and-spoke or point-to-point models</a>. Smaller, more energy-efficient planes <a href="https://blueswandaily.com/the-route-revolution-how-next-generation-aircraft-are-transforming-global-route-maps/" target="_blank">encourage point-to-point flights</a>, which can also be the spokes on long-haul hub models. This means electric aircraft could lead to higher-frequency services, enabling more competitive point-to-point flights, and <a href="https://research-repository.griffith.edu.au/bitstream/handle/10072/56018/89299_1.pdf;sequence=1" target="_blank">increase the dispersion of air services</a> to smaller airports.
While benefiting smaller airports, electric aircraft could also improve the efficiency of some larger constrained airports.
For example, Australia’s largest airport, Sydney Airport, is <a href="https://www.pc.gov.au/inquiries/current/airports-2019/draft/airports-draft-overview.pdf" target="_blank">efficient in both operations and costs</a>. However, due to noise and pollution, physical and regulatory constraints – mainly aircraft movement caps and a curfew – can lead to congestion. With a significant number of sub-1,000km flights originating from Sydney, low-noise, zero-emission, electric aircraft could overcome some of these constraints, increasing airport efficiency and lowering costs.
The increased availability of short-haul, affordable air travel could actively compete with other transport services, including <a href="https://www.sciencedirect.com/science/article/pii/S0967070X11000837" target="_blank">high-speed rail</a> (HSR). Alternatively, if the planning of HSR projects takes account of electric aviation, these services could improve connectivity at regional rail hubs. This could strengthen the business cases for HSR projects by reducing the number of stops and travel times, and increasing overall network coverage.
What about air freight?
Electric aircraft could also help air freight. International air freight volumes have <a href="https://www.pc.gov.au/inquiries/current/airports-2019/draft/airports-draft-overview.pdf" target="_blank">increased by 80% in the last 20 years</a>. Electric aircraft provide an opportunity to efficiently transport high-value products to key regional transport hubs, as well as <a href="https://www.businessinsider.com/amazon-and-ups-are-betting-big-on-drone-delivery-2018-3/?r=AU&amp;IR=T" target="_blank">directly to consumers via VTOL vehicles or drones</a>.
If properly planned, electric aviation could complement existing freight services, including <a href="https://www.dezeen.com/2017/02/23/ups-drone-launching-delivery-truck-design-technology-news/" target="_blank">road</a>, <a href="https://www.cnbc.com/2018/05/26/volans-i-drones-can-haul-cargo-for-500-miles-and-land-on-a-moving-ship" target="_blank">sea</a> and air services. This would reduce the overall cost of transporting high-value goods.
Plan now for the coming disruption
Electric aircraft could significantly disrupt short-haul air transport within the next decade. How quickly will this technology affect conventional infrastructure? It is difficult to say given the many unknown factors. The uncertainties include step-change technologies, such as <a href="https://www.maketecheasier.com/solid-state-batteries/" target="_blank">solid-state batteries</a>, that could radically accelerate the uptake and capabilities of electric aircraft.
What we do know today is that Australia is already struggling with disruptive technological changes in energy, telecommunications and even other transport segments. These challenges highlight the need to start taking account of disruptive technology when planning infrastructure. Where we see <a href="https://about.bnef.com/blog/energy-storage-620-billion-investment-opportunity-2040/" target="_blank">billions of dollars being invested</a> in technological transformation, we need to assume disruption is coming.
With electric aircraft we have some time to prepare, so let’s not fall behind the eight ball again – as has <a href="https://www.news.com.au/technology/innovation/motoring/huge-problem-with-car-prices-too-few-affordable-electric-vehicles-in-australia/news-story/64a87eb32a4a8d8c2fdc9664420058eb" target="_blank">happened with electric cars</a> – and start to plan ahead.
<a href="https://theconversation.com/profiles/jake-whitehead-3312" target="_blank">Jake Whitehead</a>, Research Fellow, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a> and <a href="https://theconversation.com/profiles/michael-kane-442924" target="_blank">Michael Kane</a>, Research Associate, Curtin University Sustainability Policy Institute, <a href="http://theconversation.com/institutions/curtin-university-873" target="_blank">Curtin 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/get-set-for-take-off-in-electric-aircraft-the-next-transport-disruption-114178" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Get set for take-off in electric aircraft, the next transport disruption

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Air travel data company OAG recently published data that assessed the world's top ten city pairs by revenue - which airline makes the most money on an individual route - and Qantas and its Melbourne-Sydney route was given second place.

Between April 2017 and March 2018, <a href="https://www.oag.com/blog/billion-dollar-route">OAG reports</a> Qantas earned $854,692,402 USD ($1.051 billion AUD using March 2018 exchange rates) by flying between Melbourne &amp; Sydney.

The highest earning route was British Airways' London-Heathrow to New York-JFK route ($1,037,724,867 USD / $1.276 billion AUD) and the third highest earning route was Emirates' Dubai to London-Heathrow route ($819,409,702 USD / $1.008 billion AUD).

As OAG points out, 5 of the top 10 routes have London on one side of the city pair but all but the Australian route are either trans-continental or inter-continental flights (New York to Los Angeles, San Francisco; Toronto to Vancouver; London to Hong Kong, Singapore, New York, Doha, Dubai; and Sydney to Singapore).  

<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/top_10_revenue.png" rel="gallery-all" title="Top 10 Revenue Routes - image: OAG"><img alt="" class="image-article-full-width-580px" height="361" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/top_10_revenue.png?itok=MCbR58mg" title="Top 10 Revenue Routes - image: OAG" width="580"></a>

<figcaption>Top 10 Revenue Routes - image: <a href="https://www.oag.com/blog/billion-dollar-route">OAG</a></figcaption></figure>Melbourne and Sydney is a considerably shorter route compared to the North American trans-continental flights and the lack of any other major city pairs located within 1000km of each other in the top 10 list provided by OAG speaks to the heavy reliance on aviation we have in Australia.

In the top air routes by traffic (either the number of frequencies or the name of passengers flown), those city pairs are dominated by domestic routes around the world, especially those that are less than 1000km apart.  

Seoul to Jeju, Tokyo to Sapporo, Tokyo to Fukuoka, Tokyo to Osaka, Delhi to Mumbai, Melbourne to Sydney, Beijing to Shanghai, Sao Paulo to Rio de Janiero and Johannesburg to Cape Town have all at some stage made it to a 10 busiest air route list.

With the exception of Tokyo to Osaka, and Beijing to Shanghai, those common city pairs all have very little in the way of fast land transport links that would compete on a time basis with aviation. (Japan's Shinkansen network technically reaches Fukuoka and Sapporo, for the most part, however, the travel times can be upwards of 5 hours by rail, Beijing to Shanghai via the fastest train still takes a touch under 5 hours).

None of the aforementioned top busiest routes get a mention in the OAG routes by revenue release, except for Melbourne to Sydney.

The prevailing dismissive argument for high-speed rail in Australia amongst advocates and anyone engaged in transport issues - those who like to highlight existing problems or those who are passionate about how we might do things differently - is that Australia's population is too sparse for it to work in this country.

Casual reminder: the numbers above are for Qantas only (I assume it also includes Jetstar) - Virgin Australia, although the smaller of the two mainline operators has a significant amount of services flying between the two cities each day as well, the real amount of money earned by airlines between Melbourne &amp; Sydney will be much more than just over $1billion AUD per annum.

Seeing the dollar amounts associated with the very high volume of people who travel between Melbourne and Sydney offers up some fairly significant food for thought. The current revenue that Qantas earns roughly correlates with the projected revenue figures from the 2012 &amp; Rudd Government-era East Coast High-Speed Rail study.

In that <a href="https://infrastructure.gov.au/rail/publications/high-speed-rail-study-reports/files/HSR_Phase_2_Chapter_8.pdf">study</a>, it projected roughly $2 billion in revenue shortly after the opening of a high-speed rail link between Melbourne &amp; Sydney (Sydney &amp; Canberra would open first with a projected ~$500 million in operator revenue).
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Alastair Taylor

Airline revenue data on Melbourne-Sydney air route is food for thought

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The results of The Wealth Report Attitudes Survey, which this year are based on responses from almost 900 of the world’s leading private bankers and wealth managers, offer an window on the issues that are influencing UHNWI investment and lifestyle decisions, according to Knight Frank’s latest report.
According to the Attitudes Survey, only 15 percent of UHNWIs use private aviation for the majority of their business and personal flights.
However, the pattern varies widely around the world.
Latin America’s wealthy residents, perhaps worried about the risk of kidnapping, are the biggest users, with 40 percent opting to go private.
Just 4 percent of Australasian UHNWIs regularly choose to take a private jet, and in Asia their usage still lags behind the region’s rapid rise in wealth creation – only 9 percent of UHNWIs routinely travel on non-commercial flights.
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%201.26.30%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/2017/03/1/Screen%20Shot%202017-03-01%20at%201.26.30%20pm.jpg" alt="">
In-depth data supplied by industry analysts JETNET and WINGX, confirm these broad patterns, but also reveal some striking emerging trends.
While the US (12,717), Mexico (950) and Brazil (786) are the top three nations by some margin when it comes to fleet size, JETNET’s figures show numbers are rising fast in Asia.
Hong Kong (+535 percent), Taiwan (+367 percent), China (+347 percent) and Macau (+300 percent) all feature in the top 10 list of locations where growth has been fastest over the past 10 years. China, with 277 jets, now claims eighth position in overall ownership levels.
In terms of flight numbers America dominates – over 75 percent of the world’s 1,000 busiest routes are within the US.
“Business aviation is deeply embedded as a complement to and in some cases a replacement for scheduled airline services,” says Richard Koe, Managing Director of WINGX.
“It wouldn’t be unusual for a firm with a turnover of US$50m to have its own plane,” confirms Hardy Sohanpal of international operator Global Jet Concept.
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%201.26.43%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/2017/03/1/Screen%20Shot%202017-03-01%20at%201.26.43%20pm.jpg" alt="">
As our data shows, geopolitics can have a major impact on private aviation. Traffic between Cuba and the US, for example, has taken off sharply since 2012, while the opposite is true of flights between Russia and Ukraine.
Looking ahead, the Chinese market is set to see strong growth, says Mr Koe.
“The government is starting to see the importance of business jets as a competitive tool to support corporations in pursuit of regional trade opportunities.”
There is also the potential for growth in the US depending on how the new administration’s policies play out, adds Mr Sohanpal.
“We have had a number of enquiries recently from construction and finance companies.”
But growth in Latin America is likely to be more muted, particularly in oil-dependent countries like Venezuela, he notes.
“There are a lot of aircraft being put up for sale at the moment and now is the perfect opportunity to trade up or buy first time.”
<a href="https://www.propertyobserver.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%201.26.58%20pm.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%201.26.58%20pm.png" alt="">
Globally, however, private jet numbers are likely to rise as the desire to travel efficiently with maximum privacy becomes more of a priority for corporations and private individuals, says Mr Sohanpal.
“The introduction of new apps and charter models that are competing to become the Uber of the airways is also likely to attract those who shuttle frequently between cities travelling first or business class.”
Definition: UHNWI: Ultra-high-net-worth individual – someone with a net worth of over US$30m excluding their primary residence and HNWI: High-net-worth individual – someone with a net worth of over US$1m excluding their primary residence.
 
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