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.

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"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

Industry

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This week Laurence sits down with the CEO and Founder of <a href="https://www.binyan.com.au/">Binyan Studios</a> Andrei Dolnikov. Amongst other things they discuss the company's humble beginnings in Andrei's lounge room to the importance of having an understanding of not just architectural design but also photography. 

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urban.com.au

Podcast - Episode 51: Binyan Studios' Andrei Dolnikov

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Since its inception in 2015, Wipeout Dementia has attracted support from across the property industry, including a number of regular senior executive surfers and generous donors, in addition to raising close to $1 million in funds and generating widespread media coverage.

Ambassadors for Wipeout Dementia are Richard Grellman AM, Chairman of IPH Limited and former Chairman of The Association of Surfing Professionals (International) Limited, and 1978 World Surfing Champion Wayne "Rabbit" Bartholomew AM.

Wipeout Dementia is held in honour of Richard Grellman’s wife, Suellen, who was diagnosed with young onset Alzheimer’s disease aged 61, and is now in advanced stages of the disease, requiring full-time, high level care aged just 68. Dementia is the second leading cause of death in Australia and the leading cause of death in the United Kingdom.

<blockquote>
"Dementia is now estimated to cost Australia more than $15 billion annually. By 2056 the total cost of dementia is predicted to increase to more than $36.8 billion in today’s dollars.

Clearly we need a colossal increase in funding to support key research to alter the course of dementia forecasts. The projections clearly indicate this is only going to increase.” 

- Richard Grellman AM, Wipeout Dementia Ambassador and Spokesman for The Dementia Momentum
</blockquote>

Without a medical breakthrough, the number of people with dementia is expected to reach 1,100,890 by 2056 (nearly 3 times as many as today).The number of new Australian cases of dementia are projected to increase from current rates of 244 people per day to over 650 people per day by 2056.

With people aged 65 and over set to comprise over 20% of the population within the next decade and dementia now the single greatest cause of disability in this demographic, senior executives across Sydney’s property industry joined forces at Bondi Beach on Friday, 23 November to Wipeout Dementia - raising $150,000 for key dementia research at the Centre for Healthy Brain Ageing (CHeBA), UNSW Sydney. 

<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/wipeout_dementia_nov_2018.jpg" rel="gallery-all" title="Wipeout Dementia 2018. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/wipeout_dementia_nov_2018.jpg?itok=wFbS7c1q" title="Wipeout Dementia 2018. Image: Supplied" width="580"></a>

<figcaption>Wipeout Dementia 2018. Image: Sprout Daily</figcaption></figure>Surfers in the 23 November Wipeout Dementia event represent many organisations across the property industry including Colliers International, Aoyuan International, Lendlease, The GPT Group, Ray White Commercial, State Property, m3property, Sense Projects, AMP Australia and Shape Australia. 

Four teams of surfers were brought to the Wipeout Dementia cause by Avenor Director Peter Clemesha, Director of Bates Smart Philip Vivian, Craig Rodgers of Charter Hall and Steve Watson, Managing Director of Steve Watson &amp; Partners. The teams and participants were as follows:

<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/clemos_diehards.jpg" rel="gallery-all" title="Clemo's Diehard Surfers. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/clemos_diehards.jpg?itok=ttlp0Pvg" title="Clemo's Diehard Surfers. Image: Sprout Daily" width="580"></a>

<figcaption>Clemo's Diehard Surfers. Image: Sprout Daily</figcaption></figure>CLEMO’S DIEHARD SURFERS – captain Peter Clemesha of Avenor

<ol>
<li>Wayne “Rabbit” Bartholomew – 1978 World Surfing Champion</li>
	<li>Peter Clemesha – Director, Avenor</li>
	<li>Ali Clemesha – Account Manager, NewsCorp</li>
	<li>Joel Ducey – Director, m3property</li>
	<li>Matthew Faddy – Head of Office &amp; Logistics, The GPT Group</li>
	<li>Badier Kubis – Head of Projects, Tango Projects</li>
	<li>Jeff Moxham – Managing Director, Ray White Commercial</li>
	<li>David Scardoni – Director, Stamford Capital Australia</li>
	<li>George Sharpe – Builder Broker, Haigs Builder Brokers</li>
</ol>
<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/phils_goats.jpg" rel="gallery-all" title="Phil's Goats. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/phils_goats.jpg?itok=yBPs9N71" title="Phil's Goats. Image: Sprout Daily" width="580"></a>

<figcaption>Phil's Goats. Image: Sprout Daily</figcaption></figure>PHIL’S GOATS – captain Philip Vivian of Bates Smart

<ol>
<li>Darren Beasley – Deputy General Manager, Aoyuan Property Group</li>
	<li>Mark Gross – Director, Morgans Financial</li>
	<li>Peter Kleijn – Design Manager, Winten Property Group</li>
	<li>Brett Newman – CEO, State Property</li>
	<li>Karl Riedel – Finance Lead for Asia Pacific Buildings &amp; Infrastructure, Jacobs/SKM</li>
	<li>Adam Russell – Principal Architect, Roberts Day</li>
	<li>Martin Taylor – NSW Architect, Creatures of Habitat</li>
	<li>Chris Tootell – Senior Project Manager, Tango Projects</li>
	<li>Philip Vivian – Director, Bates Smart</li>
</ol>
<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/cliffs_carvers.jpg" rel="gallery-all" title="Cliff's Carvers. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/cliffs_carvers.jpg?itok=YdNAvBHv" title="Cliff's Carvers. Image: Sprout Daily" width="580"></a>

<figcaption>Cliff's Carvers. Image: Sprout Daily</figcaption></figure>CLIFF’S CARVERS – captain Craig Rodgers of Charter Hall

<ol>
<li>Scott Anderson – Director, Colliers International</li>
	<li>Brett Eichhorn – Director, Sense Projects</li>
	<li>Vince Kernahan – National Director, Institutional &amp; Investment Services (NSW), Colliers International</li>
	<li>Darren Mansfield – Practice Director, Context</li>
	<li>Stephen Newey – Director, Head of Operations &amp; Sustainability – Jones Lang LaSalle</li>
	<li>Craig Rodgers – Innovation Lead, Charter Hall</li>
	<li>Anthony Scotts – Director, AWM Commercial Furniture &amp; Joinery</li>
	<li>Sam Wicks – Director, Baldwin Wicks</li>
	<li>Phill Wicks – General Manager, Shape Australia</li>
</ol>
<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/wattos_waverhunters.jpg" rel="gallery-all" title="Watto's Wavehunters. Image: Sprout Daily"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/wattos_waverhunters.jpg?itok=hJkaEhxz" title="Watto's Wavehunters. Image: Sprout Daily" width="580"></a>

<figcaption>Watto's Wavehunters. Image: Sprout Daily</figcaption></figure>WATTO’S WAVEHUNTERS – captain Steve Watson of Steve Watson &amp; Partners

<ol>
<li>Pip de Rohan – Director of Strategy, Project One</li>
	<li>Rodney Jamieson – Business Development Director – FDC Construction &amp; Fitout</li>
	<li>Patrick Nicholas – Director, AN+A</li>
	<li>Iain Pretty – Projects Director, AMP</li>
	<li>Anthony Roberts – Senior Project Manager - Lendlease</li>
	<li>Craig Shelsher – Director, Custance Associates</li>
	<li>Duncan Young – Head of Health &amp; Wellbeing, Property - Lendlease</li>
	<li>Steve Watson – Managing Director, Steve Watson &amp; Partners</li>
</ol>
<h2>Awards</h2>

Most Valuable Player awards this year, voted by the teams Captains, went to Stephen Newey of Cliff’s Carvers, Darren Beasley of Phil’s Goats, Ali Clemesha of Clemo’s Diehards and Patrick Nicholas of Watto’s Wavehunters. 

Campaign MVP awards went to Darren Beasley and George Sharpe who were nominated by Heidi Douglass, creator of Wipeout Dementia and coordinator of the event due to their extraordinary personal efforts to increase corporate sponsorship, raise funds, attendance at all events and referral of new property industry surfers, respectively taking home a Hurley Wetsuit and Scentre Group voucher alongside Hurley merchandise.

Two Wipeout Awards were taken home this year: first was an attempt at a barrel roll on the shorey that ended up being drydocked from third time participant Peter Kleijn and the other was a total commitment to a wave that saw team captain Philip Vivian receive a headbutt from his board.

This year’s top scoring Wave of the Day award went to Matthew Faddy who, after producing multiple back hand snaps got to take home a pack of Hurley and DHD merchandise.  Second and third highest wave scorers in this round who took home DHD leg ropes, hoodie towels and caps were Anthony Scotts and Scott Anderson. 

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/zyG4WgwIoIQ" width="560"></iframe>

The surfing event, which supports The Dementia Momentum initiative at CHeBA, also aims to highlight the global social and economic impact of dementia. 

Richard Grellman confirmed that the property industry executives had well surpassed their target raising over $150,000 to advance the large-scale, “big data” research being conducted at CHeBA.  

To sponsor one of the Wipeout Dementia participants go to: <a href="https://cheba2.everydayhero.com/au/2018-property-industry-wipeout-dementia/members" rel="noopener noreferrer" target="_blank">https://cheba2.everydayhero.com/au/2018-property-industry-wipeout-dementia/members</a>

For more information about the Centre for Healthy Brain Ageing (CHeBA), visit <a href="http://www.cheba.unsw.edu.au/" rel="noopener noreferrer" target="_blank">www.cheba.unsw.edu.au</a> 
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Industry does its part to help 'Wipeout Dementia' raising over $150K

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Property investors are driven primarily by ROIs, especially in today’s market. Yet combating inflammatory media headlines predicting the property bubble will burst can make it difficult for even the most level-headed of investors to come to grips with where and when it’s best to invest. The facts remain that good yields are still being achieved.

As the property market is cyclical, there are still good commercial property investment opportunities here in Australia. Some areas of the country may be experiencing a cooling market, but there are profits to be made in Melbourne if you are smart.

There is never really a ‘bad time’ to invest, only shorter and longer-term strategies in play. Capital growth can be expected from property investment, irrespective of market forces and changing pressures; history proves this.

<h2>The current commercial market</h2>

For those looking to invest, it’s worth noting that competition in commercial property is rising.

While interest rates are low, returns in Australia have plateaued in recent years. Retirees using interest gained on money sitting in banks to fund their day-to-day lives can expect a return of around 2 to 2.5% in interest, before tax. This is significantly less than previous years, especially for baby boomers, which means other avenues of generating capital are increasingly being explored – one of which is commercial property.

The increased investor interest and competition in commercial property is naturally placing an added pressure on the Australian market – this is a key challenge in the industry today that we at CVA have recognised.

The average commercial property yields are currently around 5 to 6%. The high demand from investors is a key driver here, but remember, the property market is constantly shifting. External forces play a major part in how the market fares and we could be in a different position by the end of the year.

However, it’s not all about the yields! Although high returns on capital are what many clients say that they’re after and strategising for optimal yields are a fundamental aspect of a successful commercial property portfolio, it is important to recognise that they aren’t the be all and end all.

This is particularly true in an industry that shifts frequently – it is dangerous to be distracted by short-term returns. For example, investors are often attracted to country properties for the higher prospective returns, but in the long term this isn’t always the best strategy as it can take longer to find tenants. We recommend that investors take the time to understand what and where they are investing, coming to grips with the local market.

<h2>A better bet than residential?</h2>

With office and industrial space in Melbourne currently in high demand, now more than ever is an ideal time to turn your attention towards commercial property and consider it as a viable investment solution.

The demand for commercial property means once you have invested, it’s likely you will find tenants quickly. Work spaces of all shapes and sizes are sought across the state and there are many commercial opportunities that include mixed use dwellings. These provide the ability to lease the space to multiple tenants resulting in multiple incomes.

In addition, tenant stability tends to be stronger compared to residential properties. Leases usually last between three and 10 years, because the tenant has often invested a lot more into a commercial property and would prefer to stay in the one location.

In general, commercial property is more successful as a long-term investment as it generates a higher yield over time. This rings true in today’s market; those who are willing to wait it out in Melbourne will see the benefits. Avoid the fear mongering news headlines and focus on the fundamentals – there will always be opportunities in property.

Anthony Carbone is the Northern Region Director at <a href="https://www.cva.melbourne/">CVA Property Consultants</a>. 

Anthony began his career in real estate in 1984, moving to the commercial and industrial sector in 1985 and then joining CVA in 1995. 

His record of success is reflected not only by exceptional Sales and Leasing results, but also by the proportion of clients who return to Anthony whenever they require advice for commercial or industrial property or wish to sell or lease their property.
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Anthony Carbone

Is now a good time to invest in commercial property?

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On this week's episode I catch up with an old friend in <a href="https://www.figr.com.au/">Figr Architecture</a>'s Michael Artemenko and discuss his experiences during the course of his architectural career and how these ultimately helped him in founding Figr along with co-director Adi Atic. 

Michael and I briefly reminisce about our time working together at Kerstin Thompson Architects, which is where we met and the influence this had on both our careers.

We also discuss the challenges of establishing your own firm and the massive learning curve of such a decision and ensuring a good office culture is fostered in which staff look forward to coming into the office and aren't required to do unnecessary overtime.

The value architects add to projects and how the industry could do more to promote this also rates a mention, with Michael citing Open House as a great initiative, and one which Figr have found to be extremely beneficial in communicating their work to the public.

<iframe allow="autoplay" frameborder="no" height="300" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/492680919&amp;color=%23ff5500&amp;auto_play=true&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true&amp;visual=true" width="100%"></iframe>
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Laurence Dragomir

Weekly Podcast: Episode 29 - Figr Architecture's Michael Artemenko

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Based around the core theme of "It's all in the detail" for 2018, the 32nd annual DesignBUILD expo wrapped up last Friday, with a number of topics being discussed by industry experts over the course of the three day event, which took place at the Melbourne Convention and Exhibition Centre. 

Amongst them, was the Build-to-rent model and the a key role it could play in addressing Australia’s housing crisis. However, there was a general consensus that for this to be implemented successfully the tax system needs to adapt and more government incentives would need to be introduced, according to industry experts speaking at the event.

Also a hot topic at DesignBUILD was the advent and adoption of prefabrication as another potential solution to the housing affordability crisis due to its efficiency, lower costs and construction time.  The biggest challenge facing the industry in making this type of construction more mainstream in Australia, however, is educating consumers of the time and cost benefits of prefab construction without the quality suffering.

<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/1w8a2243.jpg" rel="gallery-all" title="DesignBUILD 2018 was centred around the theme &quot;it's all in the detail&quot;. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/1w8a2243.jpg?itok=uiLhnBRZ" title="DesignBUILD 2018 was centred around the theme &quot;it's all in the detail&quot;. Image: Supplied" width="580"></a>

<figcaption>DesignBUILD 2018 was centred around the theme "it's all in the detail". Image: Supplied</figcaption></figure>DesignBUILD comprises a trade exhibition for manufacturers and suppliers, alongside two seminar and education programs.

Apartments.com.au was on hand during day two and attended two of the seminar presentations, exploring topics in innovation, with presentations on new products and materials leading change in global build and design solutions as well as insights into prefab construction, and whether it is a threat or an opportunity for building and construction.

Two of the presentations Apartments.com.au attended are outlined below;

<h2>Future Proofing Commercial Buildings: How design and construction needs to adapt for the workplace of the future</h2>

<ul>
<li>Anneke Thompson - Colliers International</li>
	<li>Eliza Owen - CoreLogic</li>
	<li>Nick Travers - Technē Architecture and Interior Design</li>
	<li>Tim Phillips - Tilt Industrial</li>
	<li>Prof. Des Smith - Deakin University</li>
</ul>
Professor Smith argued that trends for workplace design come and go but it's critical that the shell of the building is well designed and robust enough that it is still standing in 100 years time. He used the DCM-designed Melbourne Exhibition Centre as an example where the architects designed the shell for others to then come in and curate - everything below the structural supports for the immense roof.

Nick Travers discussed some of the learnings that could be taken from the office's experience in the hospitality sector and how these could be applied to the design of workspaces particularly when retrofitting old warehouse shells or within other adaptive re-use projects for offices.

Colliers' Anneke Thompson, who chaired the discussion spoke about the importance of a well-designed workplace and the culture it creates in ensuring staff retention for businesses.

<h2>Changes in Buyer Expectations: From the cookie cutter to bespoke materials, fixtures and fittings with an artisanal appeal</h2>

<ul>
<li>Stephen Crafti</li>
	<li>David Allt-Graham - MAB Corporation</li>
	<li>Debbie Ryan - McBride Charles Ryan</li>
	<li>Jeff Provan - Neometro</li>
</ul>
Moderated by Stephen Crafti, one of Melbourne's most prolific architecture and design writers, the presentation focused on the changing attitudes towards apartment living and how people's expectations and demands have changed since the early 90's.

David Allt-Graham spoke about MAB's experience in Docklands and the changing demands of prospective buyers, particularly with regard to amenities and communal areas. Discussing MAB's latest project, Escala within the NewQuay precinct, Allt-Graham spoke about how they aimed to bring in elements of the CBD to the design while commenting on the impacts of the new Better Apartment Design Standards (BADS) might have on the market.

Debbie McBride spoke of the firm's use of colour and the impact it can have on purchasers - a feature that provides a distinguishing quality to a development- and how this played out on the QVII and Quays developments, working with different developers. On the topic of apartment standards, McBride noted that despite QVII being a highly lauded project, if you were to apply the BADS rigorously then most of the apartments wouldn't comply yet they are well designed and highly sought after.

There was a general consensus amongst the panel that although the BADS would raise the quality of apartments being delivered at the lower end of the market, one unintended consequence is that it might hinder design innovation at the upper end.

Beyond the speaker sessions, a range of new products and service providers were on display, with fixtures, fittings, electricals and new home innovations. International exhibitors showcased innovations in bamboo whilst local supplier, Aircharge shared new ways to power electronic devices. Plant walls and interior décor ideas were also in abundance.

<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/244a8392.jpg" rel="gallery-all" title="One of the many panel discussions at DesignBUILD 2018. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/244a8392.jpg?itok=MC2NKuzP" title="One of the many panel discussions at DesignBUILD 2018. Image: Supplied" width="580"></a>

<figcaption>One of the many panel discussions at DesignBUILD 2018. Image: Supplied</figcaption></figure><blockquote>
DesignBUILD is about bringing together people who are talking about the big topics that the industry is starting to deal with, and most importantly looking to drive change.

With the Australian population continuing to swell at such a fast rate, this is a crucial time for the architecture, building, construction and design communities to come together and discuss some of the big challenges faced by their industries, and that’s what DesignBUILD is all about. We’re delighted to be able to bring together experts from across the country and provide this forum of discussion.

We can’t wait to come back next year with an even bigger and better program. Each year DesignBUILD grows and we welcome more attendees, we can’t wait to see what else we can achieve.

- Pia Argiratos, Conference Director  
</blockquote>

DesignBUILD 2019 will be on next year from Tuesday 14 May – Thursday 16 May 2019 at the International Convention Centre Sydney, Darling Harbour.
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DesignBUILD wraps up for another year

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DesignBUILD is returning for its 32nd year from Wednesday 2 to Friday 4 May, with a central theme of ‘it’s all in the detail’, featuring a trade exhibition that will showcase service providers such as PowerHouse prefabricated homes, Wattyl Paint and Swiss Krono Group, to name a few.

Alongside the trade exhibition are two paid speaker and education programs, curated to cover the themes of industry compliance, sustainability and innovation, including panel discussions on topics such as build to rent, property resale and commercial buildings of the future.

Keynote speakers Michael McCormack (Milieu Property Group), Robert Simeoni (Robert Simeoni Architects) and Simon Knott (BKK Architects) will be joining the town planners and design panel to discuss how the growth of Melbourne as an international city depends on a successful working relationship between developers, architects and town planners.

Alongside the speaker program, DesignBUILD’s ‘Incubator’ is a creative pavilion at the trade show that champions innovative thinkers and gives them a proven, commercial platform to launch their inventions.

<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/designbuild_day_1_0291.jpg" rel="gallery-all" title="Photo from last year's DesignBUILD conference. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/designbuild_day_1_0291.jpg?itok=M9i15Dbe" title="Photo from last year's DesignBUILD conference. Image: Supplied" width="580"></a>

<figcaption>Photo from last year's DesignBUILD conference. Image: Supplied</figcaption></figure>The five most innovative entries are judged by an industry advisory panel against a set of criteria covering: innovation, creativity, sustainability and proposed impact on industry.

In another project, DesignBUILD’s RAW allows university students from architecture and design disciplines to experience the full tender and construction process as they compete to have their designs built as key feature areas on the show floor.

Speaking to Apartments.com.au last month, conference director Pia Argiratos stated that one of the key outcomes for the conference was to stimulate big picture thinking, but also give pragmatic information that visitors can use in their next project.

<blockquote>
The conference program is focused on how we can do things better, from improving the sustainability of our buildings, to changing how project teams work together using technology and collaborative processes.

We talk about how the design of a building can influence the wellbeing of people who live and work there, and what our communities might need from buildings in the future. These kinds of improvements come from the combination of new approaches in design as well as new, innovative products that solve problems. DesignBUILD offers an opportunity for the entire industry to communicate and learn together as a team.

For me, “It’s all in the detail” talks of improvement by increments, so if we can give people information that helps them tweak their work here and there to become a bit better each day, then we have contributed to the industry and the community.

- Pia Argiratos, DesignBUILD 2018 Conference Director
</blockquote>

<h2>What: </h2>

DesignBUILD is the only dedicated trade show to bring together Australia’s architects, building professionals, contractors and design community together with manufacturers, suppliers and service providers for three days of unrivaled networking and inspiration.

The event encompasses a trade exhibition alongside two paid education offerings, curated to cover the themes of industry compliance, sustainability and innovation.

<h2>When: </h2>

<ul>
<li>Wednesday 2 May 10:00am to 6:00pm</li>
	<li>Thursday 3 May 10:00am to 6:00 pm</li>
	<li>Friday 4 May 10:00am to 4:00pm</li>
</ul>
<h2>Where: </h2>

Melbourne Convention and Exhibition Centre, 1 Convention Centre Place, 
South Wharf VIC 3006

For more information on the speaker series see below: 

https://designbuildexpo.com.au/speaker-series/
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DesignBUILD2018 kicks off next week and "It's all in the detail"

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GUEST OBSERVER
The Australian Bureau of Statistics have released the annual State Accounts.
The State Accounts provide annual estimates of output growth by state, Gross State Product. Quarterly estimates are not available.
The accounts for the 2014/15 financial year (July to June) confirm that a growth transition is underway. The mining states of the north-west, Qld and WA, are slowing; while the southern states, Victoria, South Australia and Tasmania, are improving.
Western Australia, despite a loss of momentum, still managed to top the growth charts in 2014/15, at 3.5%, moderating from 5.6%. The two largest states came in next, with Victoria at 2.5%, accelerating from 1.0%; and NSW, at 2.4%, rounding up from 2.3%. Next were South Australia, at 1.6%, rebounding from a soft 0.8%; and Tasmania, also at 1.6%, extending its recovery from 1.3%. Qld tumbled from 2nd place to 6th, with output growth of only 0.5%, slowing from 2.8%.
The maturing of the mining investment boom, as construction work on major gas and iron ore projects is progressively completed, was central to the loss of momentum in WA and Qld. Across the south-east, conditions benefitted from the significant easing of monetary conditions - with record low interest rates and a sharply lower currency. 
<a href="/images/2015/11/24/Screen%20Shot%202015-11-24%20at%2010.54.59%20AM.png" target="_blank">Click to enlarge</a>
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Western Australia 
Output growth in the West slowed to 3.5% in 2014/15, from 5.6%, although that was still a little better than the state government forecast of 3.25%. The 2014/15 outcome is the slowest pace since 2008/09 and is below the state's long-run average of 4.7%. 
The state government expects growth to slow further in 2015/16, to 2.0%, with state demand expected to contract for a 3rd consecutive year. 
By industry, mining was the major driver of growth in 2014/15, contributing 3.0ppts of the 3.5%, as iron ore exports expand. Having said that, the contribution from mining was a moderation from 3.8ppts the year prior. A loss of momentum in 2014/15 was evident across: agriculture, construction, and real estate. 
Queensland 
The Qld economy slowed significantly as work on major gas projects neared completion and before output from these projects ramped-up. GSP growth was only 0.5% in 2014/15, moderating from 2.8%, well below the state's long run average of 4.0% and the softest outcome since 2010/11 and before that, 1990/91. 
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The outcome for 2014/15 fell short of the state government's forecast of 2.0%. The government expects GSP growth to bounce to 4.5% in 2015/16 as gas export begin to flow.
By industry, mining output added 0.6ppts to growth in 2014/15, up from 0.4ppts for the two previous years. Construction was the swing factor, turning from a +1.4ppts in 2013/14 to a –1.5ppts. Professional business services was also a headwind in 2014/15, subtracting 0.3ppts.
NSW
The NSW economy grew by 2.4% in 2014/15, rounding up from 2.3% in 2013/14 and an improvement on 2.0% in 2012/13. The outcome is in line with the state's long-run average (2.5%) and the forecast of the state government (2.5%). The government expects a strengthening to 3.0% in 2015/16.
While overall output growth was little changed in 2014/15, this masked a number of changes at the industry level. The key service sectors (namely, retail, hospitality, recreational services, education and communications) had a stellar year - together contributing 1.1pts to growth, up from 0.1ppt in 2013/14 and eclipsing the previous peak of 1.0ppt in 1994/95. This was offset by a moderation across a number of industries.
Victoria
The Victorian economy experienced a significant rebound following a couple of disappointing years. GSP grew by 2.5%, up from 1.0%, an outcome close to the state's long-run average of 2.7% and a little above the state government forecast of 2.25%. The government expects growth of 2.5% in 2015/16.
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As in NSW, the key service industries strengthened, adding 0.7ppts, up from 0.4ptps. In addition, it was a good year for both construction (0.5ppts) and finance (0.4ppts), as the housing sector responded strongly to low interest rates and an expanding population. 
South Australia 
SA's economy bounced back, expanding by 1.6%, following a sluggish 0.8% gain in 2013/14. As with NSW and Victoria, the key service sectors were the growth engine (particularly retail, hospitality and communications), adding 0.6ppts, up from only a 0.1ppt contribution in the previous year. Health, finance and real estate added 0.9ppts, up from 0.6ppts, while conditions were mixed elsewhere. 
The outcome for 2014/15 of 1.6% was only a touch shy of the 1.75% expected by the state government, ahead of an anticipated rise of 2.0% in 2015/16. 
Tasmania 
Tasmania's economic recovery continued, output grew by 1.3% in 2013/14 and increased by 1.6% in 2014/15, following a contraction of 1.2% in 2012/13. The state government had expected growth to be 1.75% in 2014/15, before strengthening further to an above trend rise of 2.5% in 2015/16. 
The acceleration of conditions was centred on services, construction and agriculture. The sharply lower currency and stronger demand on the mainland are key pluses for the state. 
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Andrew Hanlan is senior economist for Westpac and can be contacted <a href="https://www.westpac.com.au" target="_blank">here</a>. 
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