For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Sustainability

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GUEST OBSERVATION
The desire to preserve the special character and historical significance of unique places and buildings is at the heart of heritage preservation. But should heritage be “frozen in time”? Or can it sometimes be adapted for re-use in sustainable ways?
Safeguarding heritage for future generations can celebrate urban histories. But it can also make environmental sense. This includes conserving the embodied energy in buildings and retaining examples of design suited to the local environment.
However, some may see heritage protection as an imposition. This might include owners who wish to add modern sustainability features to a heritage building.
Say, for example, a home owner wants to improve thermal performance and energy efficiency by using double-glazing and solar panels. Would a council heritage officer reject such improvements?
If done well, heritage protection can add value to buildings, neighbourhoods and communities. The benefits can include:
<ul>
<li>preserving cultural and architectural assets</li>
<li>defining the character of places</li>
<li>contributing to social and community well-being</li>
<li>improving the overall built environment.</li>
</ul>
What is old is new again
Many of the world’s cities need to accommodate population growth and activities within existing urban areas. Even places and buildings that are treasured for their cultural value can face mounting pressure for demolition and redevelopment to accommodate growth.
Environmental challenges like climate change are also driving efforts to adapt built environments to be more sustainable and liveable.
How best to protect built heritage then becomes a key question. Fortunately, we can often sustainably modify built heritage for new uses.
Indeed, we have been recycling old places since the first cities were created.
“Adaptive re-use” is the process of repurposing built heritage for new functions. It’s based on the idea of “preservation through transformation”.
Sustainably retrofitting heritage buildings
The possibilities created by adaptive re-use can easily capture the imagination. Could a former chocolate factory be converted into retail spaces? Or a power station be turned into a bookstore, cafe, restaurants or museum? Or a market building be transformed into a museum and studios for artisans?
Adaptive re-use offers potential social, economic, cultural and environmental returns. There are now many successful examples of this. For example, London’s iconic Tate Modern gallery is housed in a former power station.
<a href="https://images.theconversation.com/files/189732/original/file-20171011-16686-1se7f7f.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/189732/original/file-20171011-16686-1se7f7f.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
From power station to art gallery: the Tate Modern in London. <a class="source" href="https://www.propertyobserver.com.au/https://www.flickr.com/photos/reservasdecoches/3661674044" target="_blank">Alquiler de Coches/flickr</a>, <a class="license" href="http://creativecommons.org/licenses/by/4.0/" target="_blank">CC BY</a>
Commentators have noted how since the 1970s formerly disparaged inner-city areas have become trendy around the world. Preserving heritage while allowing buildings and districts to evolve organically in response to current needs is possible.
Buildings are not the only heritage assets that can be adaptively re-used. There are many examples internationally where sites such as cemeteries have been re-used for parks and gardens. One may be seen in the Shandon Architectural Conservation Area in Cork, Ireland.
<img src="https://images.theconversation.com/files/189724/original/file-20171011-16660-1yvg06y.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
This historic, heritage-protected graveyard in Shandon has been adapted into a pocket park. Tony Matthews
In Sydney, the Paddington Reservoir Gardens are a recycled former water storage reservoir. It’s now a beautiful urban park. As well as recreation and relaxation, the park offers urban cooling.
<a href="https://images.theconversation.com/files/189707/original/file-20171011-2038-1uu94bj.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/189707/original/file-20171011-2038-1uu94bj.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Paddington Reservoir Gardens in Sydney were formerly a water storage reservoir. <a class="source" href="https://commons.wikimedia.org/wiki/File:Paddington_Reservoir_Gardens_2010.jpg" target="_blank">Wikimedia Commons</a>, <a class="license" href="http://creativecommons.org/licenses/by-sa/4.0/" target="_blank">CC BY-SA</a>
Adaptive re-use is different to “facadism”, where only the external shell of a building is saved. Adaptive re-use attempts to preserve the interior of building too (wherever possible), sometimes incorporating old fittings in playful ways. Facadism is a less elegant and useful version of heritage protection.
<a href="https://images.theconversation.com/files/189702/original/file-20171011-2038-1bj2o0l.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/189702/original/file-20171011-2038-1bj2o0l.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
 An example of ‘facadism’ – only the shell of the building is retained. <a class="source" href="https://www.propertyobserver.com.au/https://www.flickr.com/photos/newtown_grafitti/6835379279" target="_blank">Newtown grafitti/flickr</a>, <a class="license" href="http://creativecommons.org/licenses/by/4.0/" target="_blank">CC BY</a>
So what is allowed in adaptive re-use?
Given the many possibilities for repurposing buildings and places, we need to keep in mind what steps can be taken to preserve heritage and improve sustainability. Legal, practical and financial questions are central to decisions on adaptive re-use.
A raft of international and national laws, conventions and organisations have emerged in recent decades to guide heritage management. These include the International Council on Monuments and Sites (ICOMOS), the Burra Charter and the UNESCO World Heritage List. And practical guidance to protect built heritage while sustainably adapting it is becoming more common.
The European Union has developed guidelines and best practice examples for local governments. These provide guidance for achieving ambitious energy efficiency standards when renovating historic buildings. This is seen as a way for heritage buildings to become beacons of sustainable development at the community level.
ICOMOS Australia also has a range of information about guidelines for sustainability retrofits and adaptive re-use of heritage buildings.
For example, let’s return to our earlier example of fitting solar panels to a heritage building. In South Australia the use of solar panels on heritage buildings needs to ensure they are not visible from the street. Hobart City Council has very specific guidelines for incorporating solar in heritage buildings. In Queensland, sustainability upgrades must not damage or obscure views of the heritage building, must not damage the “significant fabric” of the building, and must be sympathetic in size, scale, colour, materials etc.
<img src="https://counter.theconversation.com/content/83975/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Adaptive re-use offers great potential to protect built heritage while meeting principles of sustainability. Practices that combine built heritage protection and sustainable development are gaining momentum in many cities. Comprehensive, integrated and strategic guidance is the first and best step towards supporting the exciting possibilities.
Jason Byrne, Associate Professor of Environmental Planning, Griffith University.
Tony Matthews, Lecturer in Urban and Environmental Planning, Griffith University.
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/sustainable-re-use-and-recycling-work-for-heritage-buildings-and-places-too-83975" target="_blank">original article</a>.
Main photo: The old Pratt Street power plant in Baltimore in the US is now home to commercial uses. But the heritage preservation is compromised by advertising that is not sympathetic to the building style and design. Source: <a class="source" href="https://commons.wikimedia.org/wiki/File:BaltimorePowerPlant.JPG">Wikimedia Commons</a>.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Sustainable re-use and recycling work for heritage buildings and places too

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

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<img src="https://counter.theconversation.edu.au/content/80677/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Our cities have now been named as the saving places of a planet in crisis. And yet we cannot decide on the principles that make for a good city. Everybody has a view, but some views are more sustainable than others.
What we desperately need is a big and general public dialogue about the principles that make for a good city. This is the basis of our project, Principles for Better Cities, led by the City of Berlin. It provides a platform for the Ecocity World Summit in Melbourne this week.
<h2>Broader vision is needed</h2>
We need to get beyond the current tendency to become fixated on spruiking different high-level concepts. For example, IBM, Microsoft and Big Tech have put their money – or actually other people’s money – on the smart city.
But the concept of the smart city is too often reduced to narrow technological monitoring and big data collection. McKinsey says that a good city will achieve “smart growth”. But tell that to Brussels, Chicago, Montreal, Toronto and Vienna, global cities that are declining in size.
The Mercer group and The Economist tell us liveability is the key. However, they narrowly developed their indices for corporations seeking to decide on how much they will pay their executives for moving to less liveable cities. This raises a further question: “Liveable for whom?”
The Rockefeller Foundation is backing the resilient city. This too is an important concept. But much of its appeal to governments is in saving resources as they seek to defer increasing climate risks through pushing responsibility back to resilient communities to self-manage their recoveries.
<h2>A common problem of definition</h2>
What actually is a good city then? 
Depending on who you ask, they are sustainable cities, liveable cities and resilient cities, but they are also adapting cities and carbon-neutral cities. Or they are caring cities, inclusive cities, just cities, peaceful cities, information cities and networked cities. To confuse things further, they are also prosperous cities, learning cities and innovative cities.
Just by listing these urban forms, the problem starts to become clearer. These are just concepts with shifting or weak definitions. They mean anything “good” and apply variously to anybody’s projections.
The second problem comes with deciding what is actually good about these different emphases.
As part of this difficulty, assigning different indicators to each of these urban forms is extraordinarily difficult. Is a city more liveable because it has a Mediterranean climate? That is what the current liveability indices would suggest. 
Is a city more resilient because its “man-made assets” are more robust? (Excuse the gender-specific language here.) That is what the core resilience literature tells us.
<h2>Who decides?</h2>
The third problem centres on the question: “Who decides what is good?”
The principles and indicators tend to be decided by elite researchers working at a distance from the field, or by teams using sets of secondary data that may or may not be appropriate. 
Elite teams develop black-box indicator sets (such as liveability indexes) that remain commercial-in-confidence. The data drive the index construction without consideration of the meaning of that data. For example, one index ranking better cities in the greater Sydney region is driven by an indicator that suggests a key consideration is being closer to the beach or mountains.
The fourth problem becomes how do we order and prioritise the many claims about what is good. There are so many considerations that the number of potential principles becomes overwhelming. 
This happened to the New Urban Agenda, developed by the United Nations over the last two years. It has hundreds of principles, all thrown together in an incomprehensible list. Cities are understandably confused.
<h2>Towards an inclusive, holistic approach</h2>
Our Principles for Better Cities attempt to respond to all these problems. Complementary to the New Urban Agenda, Principles for Better Cities is an initiative of the World Association of Major Metropolises, which has been working with cities on a set of basic principles to guide good urban development.
This set is based on the proposition that, rather than just adding together a list of proposals from different current or immediate concerns, the principles should begin from a general framework that concerns the human condition.
We start with the idea that there should be basic principles that relate to the following basic domains of social life:
<ul>
<li>
Ecology – cities should have a deep and integrated relationship with nature.
</li>
<li>
Economics – cities should be based on an economy organised around the social needs of all citizens.
</li>
<li>
Politics – cities should have an enhanced emphasis on engaged and negotiated civic involvement.
</li>
<li>
Culture – cities should actively develop ongoing processes for dealing with the uncomfortable intersections of identity and difference.
</li>
</ul>
These have become the top-level principles for going deeper and deeper, elaborated across more and more specific subdomains of practice. 
And here is the completely novel dimension. These principles have been and will be debated by people. None of these principles are fixed, hidden, confusing, or commercial-in-confidence. They are the outcome of open dialogue.
<a href="https://theconversation.com/profiles/paul-james-95757" target="_blank">Paul James</a> is Professor of Globalization and Cultural Diversity, Western Sydney University.
<a href="https://theconversation.com/profiles/belinda-young-388954" target="_blank">Belinda Young</a> is Project Officer – Ecocity, Melbourne Sustainable Society Institute, University of Melbourne.
<a href="https://theconversation.com/profiles/brendan-gleeson-9823" target="_blank">Brendan Gleeson</a> is Director, Melbourne Sustainable Society Institute, University of Melbourne.
<a href="https://theconversation.com/profiles/john-wiseman-252" target="_blank">John Wiseman</a> is Professorial Fellow, University of Melbourne.
All are authors for <a href="https://theconversation.com/au" target="_blank">The Conversation</a>.
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jchancellor-FAypfDUnLy

What actually is a good city?

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Two of City of Melbourne's key urban design initiatives are in the starters gates, with Lord Major Robert Doyle yesterday providing further information on the pair.

As of next month, the long-awaited upgrade to the southern end of Elizabeth Street will begin. Previously outlined on Apartments.com.au during its infancy, the project will seek to transform the area into "a more functional, safe and attractive gateway for the thousands of pedestrians who use it every day,"

Having 9,300 per hour cycle through the bottom end of Elizabeth Street during peak times, the $2.2 million upgrade will include removing auto traffic southbound between Flinders Lane and Flinders Street by October this year. In turn pedestrian space will be more than doubled.

Five key components constitute the Elizabeth Street upgrade:

<ul>
<li>Southbound traffic lane removed</li>
	<li>New pedestrian area</li>
	<li>Tram stop stays</li>
	<li>Western footpath upgraded</li>
	<li>Northbound traffic lane stays.</li>
</ul>
The Elizabeth Street upgrade joins projects such as the <a href="http://www.melbourne.vic.gov.au/community/parks-open-spaces/guide-to-parks/Pages/west-melbourne-parks-expansion-opportunities.aspx">West Melbourne parks expansion project</a> and <a href="https://participate.melbourne.vic.gov.au/southbankboulevard">Southbank Boulevard's pending transformation</a> in consuming sections of the existing road network in order to create greener, pedestrian friendly outcomes.

<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/image84_8.jpg" rel="gallery-all" title="The potential for green roofs in the CBD. Image: CoM"><img alt="" class="image-article-full-width-580px" height="419" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image84_8.jpg?itok=-Vup6nYX" title="The potential for green roofs in the CBD. Image: CoM" width="580"></a>

<figcaption>The potential for green roofs in the CBD. Image: CoM</figcaption></figure>Greener outcomes are also what City of Melbourne has in mind with yesterday's announcement that Council will allocate $1.2 million from its new Urban Forest Fund in order to encourage the greening of the city.

Under the plan, "City of Melbourne will partner with philanthropists, property developers, community groups and other Government organisations on greening projects. The initiatives could include planting trees, creating parks, green walls, roofs and facades and storm water projects."

The image above is what City of Melbourne hopes to be the eventual outcome of the scheme, highlighting the 236 hectares of intensive (heavy) green roofs and 328 hectares of extensive (lightweight) green roofs earmarked as capable of being receiving the green treatment.

In order to facilitate the transition to a greener CBD and surrounds, City of Melbourne have what is thought to be <a href="http://commedia.cmail19.com/t/i-i-uuyhjll-l-r/">a world first online tool</a> which maps all the rooftops which have the potential to be turned into solar, cool or green roofs. 
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silvermb

CoM launches two projects aimed at enhancing the CBD

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Developments on government-owned land in Sydney will become carbon neutral, water positive and produce zero waste by 2028, under a new sustainability strategy released for public comment today.
UrbanGrowth NSW’s Draft Sustainability Strategy sets a number of goals and 31 targets for sustainable development across the organisation’s urban transformation projects and greenfield developments.
“UrbanGrowth NSW has a legacy through Landcom as a development industry leader in sustainability, and was among the first development agencies to report on sustainability performance,” said UrbanGrowth NSW Acting Chief Executive Michael Brodie.
“Our new targets will be monitored annually to ensure they remain at, or exceed, industry leading standards. We want to create a legacy of sustainable places for future generations in New South Wales.
“UrbanGrowth NSW will be responsible for the targets on land within our delivery control. Our delivery partners, such as developers, will need to meet our targets, which will be clearly established during Expressions of Interest or tender phases, and embedded into our delivery contracts,” said Mr Brodie.
The Draft Sustainability Strategy is aligned with global commitments from the United Nations’ Sustainable Development Goals and New Urban Agenda, the COP21 Paris Agreement, and the 100 Resilient Cities program.
“Our aim is to create innovative and productive urban places with world class liveability, resilience, inclusion, affordability and environmental quality,” said Senior Manager of Sustainability Lauren Kajewski.
“The 31 sustainability targets will lead to greater water and energy efficiency, reduced waste, innovation, less car dependency and higher liveability across Sydney.”
The targets include:
<ul>
<li>reducing the use of potable water (drinking water quality) by 50%</li>
<li>diverting 95% of all construction waste from landfill with a focus on recycling</li>
<li>100% of timber sourced for construction to be Forest Stewardship Council Certified</li>
<li>20% of all new housing designed and built to Liveable Housing Design Silver certification (in addition to any legislative requirement); and</li>
<li>all developments to incorporate high-speed broadband and free wifi in key open spaces.</li>
</ul>
UrbanGrowth NSW is seeking industry and community feedback through an online survey over a 10- week period from 1 March to 7 May 2017.
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UrbanGrowth NSW building a sustainable Sydney

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GUEST OBSERVER
This year is the United Nations’ International Year of Sustainable Tourism for Development. UN World Tourism Organisation Secretary-General Taleb Rifai declared it gave: "A unique opportunity to advance the contribution of the tourism sector to the three pillars of sustainability – economic, social and environmental, while raising awareness of the true dimensions of a sector which is often undervalued."
Sustainable tourism comes from the concept of sustainable development, as set out in the 1987 Brundtland report. Sustainable development is:
"A development which meets the needs of current generations without compromising the ability of future generations to meet their own needs.
British environmental activist George Monbiot argued that, over the years, sustainable development has morphed into sustained growth. The essence of his argument is that little resolve exists to go beyond rhetoric. This is because environmental crises require we limit the demands we place on it, but our economies require endless growth.
At the moment, economic growth trumps environmental limits, so sustainability remains elusive.
What is sustainable tourism?
Tourism is important to our efforts to achieve sustainable development. It is a massive industry, and many countries rely on it for their economies.
In 2016, more than 1.2 billion people travelled as tourists internationally, and another 6 billion people travelled domestically.
According to the UN World Tourism Organisation, sustainable tourism is:
"Tourism that takes full account of its current and future economic, social and environmental impacts, addressing the needs of visitors, the industry, the environment and host communities."
Following on from Monbiot’s criticism, we might ask if efforts are directed at “sustaining tourism”, or instead harnessing tourism for wider sustainable development goals.
No place is off the tourism circuit
Looking at some of the tourism trouble spots, complacency is not called for.
Venice residents have accused tourists of “destroying their city”. Barcelona’s government has passed legislation to limit new tourist accommodation. The Galapagos sees mass tourism’s arrival threatening the iconic wildlife that attracts visitors.
No place is off the tourism circuit, so tourism grows with few limits. Ironically, tourists even want to tour Antarctica to see its pristine environment before it disappears (“last-chance tourism”). This is despite their impacts contributing to global warming and threatening this last wild place.
It is difficult to get a complete picture of the impacts of tourism because no-one is working to build a comprehensive view. So, insights are fragmented.
While we might be sceptical that UN “years” are often more rhetoric than real, we can nonetheless seize the opportunity to make tourism more sustainable.
How can tourism be made more sustainable?
Tourism can be made more sustainable through several achievable measures. Some look to technological solutions so we can continue business as usual. Others highlight conscious consumerism and ideas like slow travel.
But in a world in which growing populations with endless consumer demands are pitted against a fragile environment, we require more concerted effort.
1) Governments must implement policies that foster sustainable development by overcoming the growth fetish. Tourism then should be developed only within sustainable development parameters. Governments must tackle the environmental limits to growth and climate change challenges we confront. Tourism development requires integrated planning. So, we need the government tourism authorities – such as Tourism Australia or state tourism commissions – focused equally on integrated planning as the marketing they currently emphasise.
2) Consumers should be educated for responsible travel choices. For example, few realise that all-inclusive resorts result in economic benefits from tourism leaking out of the host economy back to the home economies of the big multinationals and corporations that often own such resorts (think Club Med). Civics education in schools could educate for responsible travel.
3) Local communities, often treated as only as one stakeholder among the many, must have a right to participate in tourism decision-making and have a say on if and how their communities become tourism destinations.
4) Workers of tourism must have their rights respected and given decent conditions. Tourism should not be allowed to continue as a low-wage and precarious source of employment.
5) The tourism industry needs to assume greater responsibility, submitting to local tax regimes and regulations so its presence builds thriving communities, rather than undermining them. This is increasingly essential as a social license to operate. The industry should also educate its clients on responsible tourism.
6) Non-governmental organisations are essential for reporting on the abuses of tourism, including land grabs, human rights abuses, community opposition and corruption.
Harnessing these essential stakeholders in a rigorous agenda for sustainable development, rather than sustaining tourism, would make the UN’s “year” more meaningful.
 
Freya Higgins-Desbiolles is affiliated with the Centre for Tourism and Leisure Management, University of South Australia. She can be <a href="https://theconversation.com/profiles/freya-higgins-desbiolles-181651" target="_blank">contacted here</a>.
 
 
 
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Tourism industry grows without restriction – but there are ways to curb its environmental damage

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<img src="https://counter.theconversation.edu.au/content/70038/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Sitting at home in the recent heat, your mind may start to wander to that fancy new air conditioner. 
But when it comes to making your house comfortable and sustainable, prevention is better than cure. By prevention we mean simple retrofits that will set you on the path to comfort and sustainability. 
As we spend more than ever on maintaining and improving our homes, we’re also becoming more aware of how their design and use impact on our health and society. Add to this climate change and rising energy costs. 
There are many ways to reduce energy and stay comfortable. Numerous reports suggest it should be possible to reduce your energy use by 50-80 percent using existing and available materials and appliances.
Appliance are the easy bit, and you can find the most efficient appliances using energy star ratings. But before you go out and buy that air conditioner, consider the following principles that can help you decide what you need to create a comfortable home. 
<h2>Prevention better than cure</h2>
For a long time the perfect “room temperature” was considered to be around 21℃. But we now understand that as humans we like temperature variations rather than vanilla indoor environments.
As explored in Lisa Heschong’s book Thermal Delight in Architecture(1979), most of us are not looking for a beige thermal environment after all. So to start with, we need a change in attitude. Bring back the cardigan for winter and the shorts for summer! 
The next point is basic knowledge about your climate zone. For instance, in Melbourne there are more heating days (159) than cooling days (35). So, if you are retrofitting in summer, remember the main annual task is actually letting the sun in in winter.
Even with climate change, Melbourne will still require heating on more days than cooling for decades to come, whereas in Brisbane the priority is keeping out the heat and catching the breeze. 
So Melbourne homes need reversible sunblock. You can use plants with seasonal foliage to shade summer windows, or temporary techniques like temporary sail shades or movable window awnings can work. Plants can also cool outdoor spaces through evapotranspiration, which helps combat the growing “urban heat island” problem and makes the backyard a more pleasant place to be.
Despite some bad press over the years, insulating ceiling, floors and walls where possible remains the best way to address 50-80% of heat gains/losses. In many homes ceiling insulation is cheap and easy to fit and can even be topped up. Insulated homes have also been found to perform better during extreme weather events and are quieter, more comfortable and natural places to be.
In summer sun, black roofs are bad news. Coating surfaces can reflect excess heat. Coating technology has been employed in paint products for your walls and roofs, and is also being developed in landscaping materials for the backyard.
Single-glazed windows are responsible for 10-35% of heat gains/losses in our homes. A range of double-glazed window products is now available, or you can even get a secondary glass pane to place over existing windows. 
Double-glazed (or triple-glazed) homes are more comfortable in extreme weather, and are also quieter and more comfortable. Add drapes and blinds for added temporary use to keep out sun or keep in warmth when needed.
While these preventive passive measures might seem basic, the fact is that (a) technologies, markets and pricing are changing rapidly, so it makes sense to be open to new retrofitting ideas and products; and (b) comfort remains the big-ticket item and it will only get more so as climate change affects all of our homes. Addressing this first will reduce the requirement for other technologies and appliances.
<h2>The principles of retrofitting</h2>
Another area of technology progress is digital data systems to monitor indoor energy services. Energy supplier portals, temperature loggers and smartphone apps are now widely available.
For the more enthusiastic, if you buy a couple of temperature loggers and place one in your main living area and one in your main bedroom you can collect data at intervals as small as one second. You can use this data to identify how your house is performing and how you are using it. More importantly, you can satisfy yourself that the retrofit you’ve just paid for has made a difference.
We’ve only covered a few focus areas in this article. There are many good options we haven’t dealt with. However, we propose three principles for any retrofit project:
<ol>
<li>
prioritise big-ticket items (such as thermal comfort) – what do you need most and what uses the most energy? – to plan and design around your climate zone and home needs
</li>
<li>
prevention is better than cure – focus on passive elements before turning to appliances
</li>
<li>
diversity is better than standardisation – don’t aim for 21℃, aim for controllable comfort, openable windows and adjustable systems room by room. Design in easy adjustment through movable technologies such as fans, curtains, plants and shades.
</li>
</ol>
With all the hard work done, it’s time to sit back and enjoy the new indoor environment, but be aware that, as with our climate, our conventions, routines and expectations of comfort are constantly changing. 
Some argue for evidence of a comfort dividend, where occupants of newly eco-retrofitted homes increase their use of heating or cooling appliances (or both). 
Undoubtedly, as consumption patterns change and social standards shift, we will need to adjust our eco-retrofit priorities. Homes are not just a material work in progress, but are sites of social and cultural life after all.
 
Trivess Moore is research Fellow, RMIT University and can be contacted <a href="https://theconversation.com/profiles/trivess-moore-12580" target="_blank">here</a>.
Andrew Carre is lecturer, RMIT University and can be contacted <a href="https://theconversation.com/profiles/andrew-carre-321635" target="_blank">here</a>.
Ralph Horne is deputy pro vice chancellor, Research &amp; Innovation; Director of UNGC Cities Programme; Professor, RMIT University and can be contacted <a href="https://theconversation.com/profiles/ralph-horne-160543" target="_blank">here</a>. 
All authors for The Conversation.
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Thinking about a sustainable retrofit? Here are three things to consider

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Urban development and renewal expert, Dr Joan Clos, Under Secretary-General and Executive Director of the United Nations’ Habitat Program, will visit Australia in May.
Australia is a signatory to the New Urban Agenda (NUA), the UN’s 20 year road map for sustainable urban development.
The NUA sets a new standard for sustainable urban development and is designed to help countries rethink how they plan, manage and live in cities.
Compass Housing, in association with RMIT University, Victorian Department of the Environment, Land Water and Planning, CoDesign Studio and Eastern Organisation for Planning and Human Settlements (EAROPH), is bringing together representatives from across the region to explore the implications of the new agenda and start work towards delivery of outcomes.
The conference Implementing the New Urban Agenda: Making Cities and Human Settlements Inclusive, Safe, Resilient and Sustainable will take place at the Melbourne Convention and Exhibition Centre on 4-5 May 2017.
Greg Budworth, Compass Housing group managing director,  said the Australian Government's adoption of the NUA last October was an important opportunity for housing and urban policy development.
“The conference in Melbourne will provide the first real opportunity in Australasia and the Pacific region for those with an interest in getting urban development right, to start developing an effective and strategic approach without further delay.
“We know our population is growing, it will potentially double in the next 50 years, and this is putting pressure on our urban areas, particularly capital cities. Australian Bureau of Statistics figures suggest two-thirds of Australians currently live in a capital city and this may increase to nearly three-quarters in the relatively near future.
“Housing affordability is already an enormous problem, and there are more than 200,000 families on the waiting list for social housing while 40 per cent of people receiving Commonwealth Rent Assistance are still in housing stress.”
Professor David Adamson, conference chair,  said addressing these issues and delivering the key NUA objectives of “cities for all” and “no one left behind” would require the collaboration of a wide range of private, public, academic and not-for-profit agencies.
“Having the head of the UN Habitat Program in attendance in Melbourne is a fantastic opportunity and a sign of the global significance of the event,” he said.
“Dr Clos has had an illustrious career spanning public health, diplomacy, municipal government and urban renewal and will bring powerful insight and enormous practical experience to the task at hand,” he said.
 
 
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Global sustainable urban development leader to help inform Australian policy direction

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Frasers Property Australia have won the National Signatory of the Year category at the CitySwitch Green Office awards for renovations to their St Kilda office to promote staff health and wellbeing.
Frasers Property Australia upped their NABERS rating from four to five stars. HESTA was awarded a highly commended.
The National New Signatory of the Year went to KPMG with a 72 percent waste recovery rate  and reducing paper by more than 8 million sheets.
NSW winners included the State Library of NSW (Signatory of the Year over 2000 square metres), Architectus (Signatory of the Year under 2000 square metres), Norman Disney &amp; Young and Westpac (Partnership of the Year) and Marlin Communications (NSW Signatory of the Year).
Lord Mayor Clover Moore said CitySwitch has come a long way from the small program offered by three Sydney councils in 2005.
"It has spread across the country and is now receiving global recognition for the way it has engaged businesses of all sizes to make a difference on carbon emissions,” she said.
“It’s a heartening sign that Australian business is serious about its environmental impacts, and also that it has been quick to grasp the business benefits of a green economy. Since 2011, CitySwitch members across Australia have slashed emissions while saving a combined $34 million in electricity bills.
“CitySwitch National Signatory of the Year, Frasers, achieved a 4.5 star NABERS Indoor Environment Quality rating with improvements to lighting, air quality, natural ventilation and maximising use of natural light.
“The fact that CitySwitch is in line to receive a major international accolade is a credit to the businesses that have enthusiastically jumped on board this great initiative.
“I congratulate all finalists and winners and thank them for being a part of the CitySwitch Green Office program.”
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Best and brightest offices make sustainable switch

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<div class="intro">
Four development projects have made the shortlist for the NSW Government's Green Globe Awards built environment category.
The projects include 5 Martin Place, Sydney from DEXUS Property Group, Fairwater from Frasers Property Australia, 275 Kent Street, Sydney by Mirvac and Westpac: St. George, Barangaroo Branch
The winners will be  announced 28 October
DEXUS Property Group: 5 Martin Place, Sydney
5 Martin Place was developed by Cbus Property and DEXUS Property Group. The development sets a new benchmark for office buildings in Sydney with its clever architectural design, high-end materials and finishes, and good access to natural light and ventilation.
Frasers Property Australia: Fairwater (pictured above)
Fairwater, Frasers Property Australia's 38 hectare residential development in Blacktown, is built on an old golf course surrounded by communal outdoor areas and ecological precincts. It is the first 6-star Green Star - Communities rating to be awarded in NSW. This project represents initiatives in large-scale residential precinct development which locks in real outcomes in sustainable living for residents.
Mirvac: 275 Kent Street, Sydney
Westpac Place at 275 Kent Street is one of Australia's largest office buildings. As Westpac's head office it contains extensive office space plus a food court, child care centre and urban park. Built by Mirvac in 2015, the building was one of the first properties in Australia to achieve a 6-Star Green Star Performance rating. The rating represents World Leadership in operational management and complements the property's 5-Star NABERS energy rating.
Westpac: St. George, Barangaroo Branch
Westpac's focus on environmental solutions has resulted in the large urban renewal development at Barangaroo, Sydney. The development is the first retail fit-out in Australia to be awarded a 6-Star Green Star - Interiors rating by the Green Building Council of Australia. The fit-out design ensures water and energy consumption is minimised. All furniture and building materials in the fit-out demonstrate a reduced environmental impact over their entire lifecycle compared to standard products. Social innovations include the provision for community organisations to use the branch premises outside office hours.
</div>
<div class="navigation-tile lvl-three">
For more information, <a href="https://www.environment.nsw.gov.au/greenglobes/" target="_blank">click here</a>.
 
</div>
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