A State-Assessed Rezoning Proposal for the Kurnell Peninsula is now on public exhibition, setting out a plan to deliver up to 4,300 homes alongside new retail, tourism and public open space on a 210-hectare coastal site.

The proposal, backed by the Minns Labor Government, would transform a former sand mining area along Captain Cook Drive into a mixed-use precinct delivered over approximately 20 years.

In addition to housing, the plan includes more than 7,000 sqm of retail and commercial space, new community facilities and approximately 116 hectares of open space, equating to more than half the site.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="ce1c6567-1df0-4de0-9fe5-a76be0367834" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.51%E2%80%AFAM_0.png?VersionId=dbbTmYaJvROA5fkQbgaxis8cmFwtpB5_" />

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<h2 data-end="902" data-section-id="ony3l3" data-start="851">Rezoning framework enables mixed-use development</h2>

The rezoning application seeks to amend planning controls under the State Environmental Planning Policy (Precincts—Central River City) and the Sutherland Shire Local Environmental Plan 2015.

Its primary objective is to enable a broader range of land uses across the site, including residential, employment, tourism and community uses, while also formalising environmental protections and land management outcomes .

The proposal has progressed through the state-led rezoning pathway after being identified as a project of regional significance, supported by several years of technical studies and agency consultation .

Development would occur in stages, aligned with the progressive closure and remediation of the existing sand mine.

<hr data-end="1718" data-start="1715" />
<h2 data-end="1768" data-section-id="krwii9" data-start="1720">Master plan structured around three precincts</h2>

The accompanying urban design report outlines an indicative master plan that divides the site into three primary precincts, anchored by a town centre in the western portion of the site.

The town centre is planned as the first stage of development, located on land that has already been remediated. It is intended to accommodate higher-density housing, retail, and community uses.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="4bfd5873-4847-4105-b220-0a30c96f5573" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.20.09%E2%80%AFAM.png?VersionId=7aVaSsZLAc6mElSH4g6Ct5bGsNxZcnPL" />

Additional precincts extend toward Bate Bay and Boat Harbour, with built form responding to environmental conditions and proximity to the coastline.

The design framework identifies distinct local character areas, with the master plan structured to reflect “unique natural qualities” across the site.

<hr data-end="2495" data-start="2492" />
<h2 data-end="2544" data-section-id="1vitwqn" data-start="2497">Open space forms core of the design approach</h2>

A key component of the proposal is the allocation of approximately 116 hectares to open space and ecological land.

This includes:

<ul data-end="2846" data-start="2678">
	<li data-end="2702" data-section-id="d96caj" data-start="2678">Three district parks</li>
	<li data-end="2723" data-section-id="17y6uz6" data-start="2703">Nine local parks</li>
	<li data-end="2741" data-section-id="14hui00" data-start="2724">Sports fields</li>
	<li data-end="2778" data-section-id="ts7psx" data-start="2742">Coastal and ecological corridors</li>
	<li data-end="2846" data-section-id="agduax" data-start="2779">Two kilometres of publicly accessible beachfront along Bate Bay</li>
</ul>

The urban design report positions this open space network as central to the structure of the development, rather than ancillary to it.

It is intended to support ecological regeneration, provide recreational amenity and create a connected network across the peninsula.

The plan includes north–south ecological corridors, expanded wetland systems and pedestrian and cycling links designed to connect residential areas to the coastline and open space areas .

<hr data-end="3347" data-start="3344" />
<h2 data-end="3381" data-section-id="ql66rt" data-start="3349">Housing mix and affordability</h2>

The proposal includes approximately 4,300 dwellings across a range of housing types.

This includes high-density apartments, medium-density housing, townhouses and seniors housing.

Affordable housing provision is identified at approximately 240 dwellings, alongside a smaller component of social housing.

The master plan emphasises housing diversity, with the intent of accommodating a range of household types and age groups within the development.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="d4baba4d-b5b0-4a86-bcad-5d319b036184" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.59%E2%80%AFAM.png?VersionId=udYFz0q8tjEPR3pmKLHRSFRJN4dKakPO" />

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<h2 data-end="3919" data-section-id="rgckdv" data-start="3879">Built form controls and height limits</h2>

Proposed building heights across the site range from three to 12 storeys.

These controls are set out within the rezoning application and are intended to manage visual impact, maintain view corridors and ensure compatibility with the coastal landscape.

Floor space ratios and height limits are applied across different parts of the site to reflect varying environmental conditions and proximity to open space and the coastline .

Higher density is generally concentrated within the town centre, with lower-scale development toward the coastal edge and environmentally sensitive areas.

<hr data-end="4548" data-start="4545" />
<h2 data-end="4588" data-section-id="1minlda" data-start="4550">Retail, tourism and employment uses</h2>

In addition to residential development, the proposal includes retail, commercial and tourism uses.

This includes:

<ul data-end="4896" data-start="4706">
	<li data-end="4775" data-section-id="1jrun76" data-start="4706">Approximately 7,000–9,800sqm of retail and commercial floor space</li>
	<li data-end="4803" data-section-id="10kyifw" data-start="4776">A full-line supermarket</li>
	<li data-end="4830" data-section-id="fz1hdg" data-start="4804">Food and beverage uses</li>
	<li data-end="4896" data-section-id="1aqg2fj" data-start="4831">Tourism accommodation, including hotel and short-stay options</li>
</ul>

The proposal also identifies employment outcomes, with the development expected to support jobs both during construction and in ongoing operations.

These uses are concentrated within the town centre and key activity areas across the site.

<hr data-end="5142" data-start="5139" />
<h2 data-end="5172" data-section-id="162x2kt" data-start="5144">Infrastructure and access</h2>

The proposal includes upgrades to Captain Cook Drive, which provides the primary access to the peninsula.

These upgrades are intended to improve traffic flow and support emergency access.

The transport strategy also incorporates:

<ul data-end="5529" data-start="5407">
	<li data-end="5433" data-section-id="fanquy" data-start="5407">Internal road networks</li>
	<li data-end="5469" data-section-id="o6y80y" data-start="5434">Walking and cycling connections</li>
	<li data-end="5529" data-section-id="jgraft" data-start="5470">Proposed public transport routes and bus stop locations</li>
</ul>

The rezoning report includes detailed analysis of transport, flooding, and infrastructure requirements to support the staged development of the site .

<hr data-end="5723" data-start="5720" />
<h2 data-end="5769" data-section-id="14urh3" data-start="5725">Environmental and cultural considerations</h2>

The site is identified as having environmental and cultural significance, including areas of ecological value and Aboriginal archaeological sensitivity.

The proposal includes measures to protect and enhance these areas, including:

<ul data-end="6230" data-start="6004">
	<li data-end="6056" data-section-id="1pzyouo" data-start="6004">Retention and regeneration of coastal vegetation</li>
	<li data-end="6100" data-section-id="bjn2vz" data-start="6057">Strengthening of biodiversity corridors</li>
	<li data-end="6148" data-section-id="1bpeyoj" data-start="6101">Protection of riparian systems and wetlands</li>
	<li data-end="6230" data-section-id="lg0cka" data-start="6149">Integration of cultural interpretation and recognition of Indigenous heritage</li>
</ul>

The urban design report also outlines opportunities for incorporating Indigenous cultural elements into public spaces and landscape design.

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">Next steps</h2>

The proposal is currently on public exhibition, with submissions open to the community. Feedback received during this period will inform the Department of Planning’s assessment of the rezoning.

If approved, the rezoning would establish the planning framework for future development applications across the site.

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">What the NSW Government says</h2>

Minister for Planning and Public Spaces Paul Scully said the planned closure of the sand mine and remediation of the Kurnell Peninsula presents an exciting opportunity to transform the area.

“This proposal envisions a vibrant new beachfront community with thousands of new homes, jobs and great open space in the Sutherland Shire. I encourage the community to have their say during the public exhibition period. Feedback from the community will play an important role in the assessment of the proposal.”

Joel Robinson

Sydney's newest beachfront city: NSW Gov to unlock 4,300 new homes on Kurnell peninsula

A long-awaited transformation of a former industrial site in Holroyd has been given the green light, with the NSW Government approving the $1.2 billion Crescent Parklands masterplan that will deliver more than 1,200 new homes just south of Parramatta.

The State Significant Development approval clears the way for a large-scale mixed-use precinct at <a href="https://www.apartments.com.au/new-apartments/1-crescent-street-holroyd-nsw-2142">1 Crescent Street</a>, replacing an underutilised site with a coordinated residential community anchored by new open space, retail, and commercial uses.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> for WA-based developer Tiberius, the approved scheme comprises seven buildings arranged across two precincts. In total, the development will deliver 1,227 apartments, including 201 allocated as affordable housing, alongside approximately 2,500 sqm of retail and 5,000 sqm of commercial space within a mixed-use podium.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="1cc82dd2-8184-4b86-8665-90653147820d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20buildings.png?VersionId=2ZmVDc_Rfc4AzQ6ShzZJlvdZnACLerVM" />

The project is structured as a masterplanned precinct rather than a standalone tower. Buildings 1 to 4 will rise from a shared podium with shop-top housing, while Buildings 5 to 7 are positioned closer to the northern park interface as residential flat buildings. The built form has been carefully modulated to balance density with amenity, with the design resolving building separation, solar access, and wind impacts at a precinct scale.

A significant focus of the design is the activation of Crescent Street and the integration of public domain. The submission notes that “individual townhouses [were] removed for community based functions to Crescent Street to increase activation and surveillance,” reinforcing a more urban and publicly engaged street edge. Retail, commercial tenancies, and resident amenity spaces are concentrated along this frontage and within the podium to support day-to-day activity.

The landscape strategy underpins the project’s identity, with a network of pedestrian connections, landscaped corridors, and open spaces linking the site internally and to its surroundings. The design prioritises permeability, delivering “increased uninterrupted flow between spaces for pedestrian access” and improved connections through to the adjoining parklands.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="19282454-ab2f-4e2c-866f-4b35cf4283d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20masterplan.png?VersionId=JQdWGYI5B5R1lzmK4omYOp_8KLPkT4Bv" />

Buildings within the western precinct are oriented toward the park, shaping a residential offering defined by proximity to open space. The design describes this approach as creating apartments “immersed in nature with apartments facing the park,” positioning the landscape as a central organising element of the masterplan.

The broader architectural response addresses both infrastructure and context, with taller elements capturing long-range views toward Parramatta while setbacks and separation distances mitigate impacts on surrounding residential areas. Sustainability initiatives, including solar optimisation, cross-ventilation, and integrated landscape systems, are embedded across the scheme.

Located approximately one kilometre south of Parramatta CBD, the 3.6-hectare site is bounded by Crescent Street, Woodville Road, and Holroyd Sportsground. It benefits from strong access to public transport, including nearby bus routes and train stations, and sits within a rapidly evolving corridor earmarked for increased residential density. The design also strengthens connections between surrounding green spaces, including Holroyd Sportsground and Parramatta Parklands.

The approval follows several years of planning, including a rezoning process that enabled significant uplift in height and density across the site. With determination now secured, Crescent Parklands is positioned to play a major role in delivering new housing supply within Greater Parramatta’s growth area.

Tiberius’ Crescent Parklands to deliver over 1,200 homes in major Holroyd transformation

A new State Significant Development application has been lodged over land at <a href="https://www.apartments.com.au/new-apartments/33-43-marion-street-parramatta-nsw-2150">33–43 Marion Street</a>, Parramatta, proposing a high-rise mixed-use tower that leverages planning incentives to deliver a substantial pipeline of new housing, including a dedicated affordable component.

The scheme, currently on exhibition, combines a shop-top housing development with a concurrent rezoning, positioning the site for a significant uplift in density within Parramatta’s evolving southern CBD fringe.

The proposal, designed by <a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a> for CN Marion, would replace the existing buildings with a 37-storey mixed-use tower, delivering 296 apartments above a retail podium with six basement levels on the 2,376 sqm site.

The residential mix comprises 58 one-bedroom, 207 two-bedroom, and 31 three-bedroom apartments, with communal facilities located on the second level and the rooftop. Ground-level activation is driven by retail and food and beverage tenancies, alongside a publicly accessible through-site link designed to improve pedestrian permeability.

The project includes 194 car spaces, five motorcycle spaces, and 348 bicycle spaces, reflecting a transit-oriented approach in a location directly adjacent to the rail corridor and within walking distance of Harris Park Station.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="3db873ea-62f0-437b-8a6a-eeda154d2dee" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20building.png?VersionId=YwzBv8OVHwyRnMLGX4slU7QyhTyMZeOX" />

The design adopts a podium-and-tower composition, with a three-storey street wall addressing Marion Street and a reduced two-storey interface responding to adjoining heritage cottages.

A key component of the proposal is the integration of affordable housing under the NSW Government’s in-fill affordable housing pathway, with units to be retained for a minimum of 15 years. This is paired with a broader public domain strategy that emphasises permeability, deep soil planting, and a landscaped through-site link.

“The strategy prioritises a permeable, well-activated public realm and supports a compact tower form to minimise the building’s footprint while enhancing the quality of the ground-level experience,” the design report states.

The proposal includes a central landscaped courtyard, rooftop communal areas, and planting strategies aligned with local environmental conditions and cultural narratives.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="f0e6c165-9967-4d20-9216-e5b8357c85ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20site.png?VersionId=SRod222LwgDmGZJmJY0wTbK39UrWZLSD" />

The site occupies a prominent corner of Marion and Station streets, roughly 100 metres from Harris Park Station, within a precinct earmarked for significant intensification. While the immediate context is characterised by low- to mid-rise buildings and heritage dwellings, planning controls and recent proposals point to a transition toward high-density development.

<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:c78224e4-1dd1-48ac-afda-97fe23bac47e-0" dir="auto">
Parramatta has been starved of new apartment supply in recent years. Builder-developers Deicorp and Coronation are the only two currently progressing projects in the suburb. Coronation is nearing completion of <a href="https://www.apartments.com.au/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 Phillip Street</a>, which will be the tallest building in Western Sydney once finished, while Deicorp is delivering <a href="https://www.apartments.com.au/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan</a>, a development comprising over 600 apartments.
</section>

First Look: Plans lodged for 37-storey mixed-use tower in Parramatta

A substantial uplift in height and density is being tested in Lane Cove, with a 225-apartment scheme at 300 Burns Bay Road now on public exhibition as a State Significant Development alongside a concurrent rezoning.

The proposal by <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> would see the demolition of an existing commercial building and associated structures, replaced by a residential development ranging from seven to 15 storeys.&nbsp;

The scheme delivers 225 apartments, including 34 designated as affordable housing, positioning it within the NSW Government’s accelerated Housing Delivery Authority pathway.

The development is arranged as three interconnected residential flat buildings, a response to the site’s long, narrow configuration and sloping topography.&nbsp;

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="c325d40c-ead5-45f4-9d77-5a446b23acc0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20Cove%20pers.png?VersionId=hsCJxT5hj.5kzA6AMInyan1x8mcHeRez" />

<a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, the project’s designer, describe a built form that is “divided into three sections, each connected by intermediate infill slots which are recessed to establish greater setbacks and further articulate the development.”

Across the scheme, apartments are supported by communal amenity at ground and rooftop levels, including landscaped open space and a rooftop pool. Basement and lower ground levels accommodate parking, storage, and building services, while a new public park is proposed along the eastern edge of the site, replacing part of the existing built form.

The architectural response has been shaped by the site’s pronounced fall towards the Lane Cove River, with building heights stepping down from west to east to reduce visual bulk and respond to adjoining bushland.&nbsp;

The design report notes that “the development has been carefully designed to integrate with the existing topography with the placement of massing and floor levels adjusted respecting the site’s inherent characteristics.”

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="31cc13a5-bc8b-4dc3-b9b1-07c6ec33a82b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20cove%20site.png?VersionId=NiyH3LimQwiHsE6Q7I5g4Grpr5fRdZaX" />

The project is being advanced through a concurrent rezoning process, seeking to increase the permissible height and floor space ratio beyond current Lane Cove LEP controls of 21 metres. Under the proposal, height would reach up to 54.5 metres, reflecting a shift toward higher-density outcomes in well-located urban areas.

Located on a 7,595 sqm site, the development sits within an established high-density residential pocket characterised by mid-rise apartment buildings set within a bushland setting. The site is within close proximity to Burns Bay Reserve, the Lane Cove River, and an extensive network of open space, reinforcing its strategic positioning for increased housing supply.

Level 33 is doing through the Housing Delivery Authority to try and get its Homebush project of <a href="https://www.apartments.com.au/news/nsw/level-33-adds-to-2-000-unit-pipeline-with-new-two-tower-homebush-plans">more than 300 apartments approved</a>.

The developer has over 2,000 apartments in the pipeline, predominantly in Wollongong.

First look: Level 33 proposes 225-apartment Lane Cove tower

Following the completion of its debut Palm Beach apartment development EVA on Tenth, local Gold Coast developer Chippendale Group has launched its latest project in the in demand area.

Chippendale Group, led by fifth-generation Palm Beach local Daniel Chippendale, has kicked off sales at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221&amp;source=gmail&amp;ust=1775884443343000&amp;usg=AOvVaw2GyxnGQKU2XXwTzQ8_VHgi" href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221" target="_blank">ELISE</a>, 68 coastal-infused apartments just 40 metres from the sand on Twenty Fifth Avenue.

[smartcode_project:default project_id=150992 project_image_fid=366023]

Construction is already well underway, a signal of confidence to buyers, following the demolition of the two-storey walk-up and 1990s built house that sat on two sites that have been amalgamated to create a prime corner block.

There are a mix of two- and three-bedroom apartments on offer, starting from $1.4 million.

[smartcode_project:default project_id=150992 project_image_fid=366024]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Elise responds to its coastal setting through a horizontal architectural form with recessed glazing and layered landscaping. The design aims to balance light, shade and sea breezes while creating a defined presence along the streetscape.&nbsp;

Residences have been planned with an emphasis on outdoor living suited to the Gold Coast climate, including large balconies designed as usable outdoor rooms. Interiors will feature a selection of European appliances and natural materials, including New Zealand wool carpets.&nbsp;

[smartcode_project:default project_id=150992 project_image_fid=366033]

Resident amenities are centred around a wellness-focused ground-level precinct. There will be private access to a heated swimming pool, sauna, cold plunge and gym, alongside a residents’ lounge with dining and entertaining space.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a> is located towards the northern end of Palm Beach, which puts it just a short walk to Tallebudgera and Currumbin Creeks. At the end of the street is the newly extended Oceanway, a 36-kilometre pathway that runs up and down the Gold Coast.

Chippendale is targeting a late 2027 completion date for <a href="https://www.apartments.com.au/new-apartments/elise-palm-beach-3-twenty-fifth-avenue-palm-beach-qld-4221">ELISE</a>.

[smartcode_project_cta:default project_id=150992]

Chippendale Group launches Elise, 40 metres from the Palm Beach sand

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. 
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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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Industry

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Developments

New apartments

New townhouses

News