Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Joel Robinson

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens, rooftop open space and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Ceerose, founded by Edward Doueihi in 1998, has become one of Sydney's more active apartment developers, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Agriculture

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<img src="https://counter.theconversation.edu.au/content/62785/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The Productivity Commission’s latest draft report on the regulation of agriculture highlights the need to get the balance right, as to when the government should and shouldn’t intervene in this industry, and then how to intervene.
The report is part of a nine-month public inquiry into the regulatory burden on farm businesses. It covers a wide range of issues from land and water use to labour and foreign investment.
Agriculture is fairly unique in that market competition is pervasive. Competitive markets provide the incentives and rewards for businesses to find cost-effective production methods, develop new products valued by buyers, and to adopt technology. At the same time, agriculture has to compete against alternative uses of limited national natural resources, labour and capital, and the sector has to pay market rates for these inputs.
Markets work well only with well-defined property rights, ranging from weights and measures for the products produced, through to the rights and responsibilities of owners in the use of land, water, labour, transport infrastructure, and other key inputs. Here, the Productivity Commission’s report questions current regulations on some property rights. For example, they restrict decisions on the potential use of land for agriculture versus for the environment, urban use and mining, and they restrict the opportunities for non-resident investment in agriculture much more than investment in mining and manufacturing.
The commission proposes that regulations should balance the opportunity costs of alternative uses of land, or restrictions on the use of land. For example, the value of land regulated for use for agriculture should be compared with the value to society if instead the land was restricted to the provision of the environment, mining or urban growth.
It also proposes the government intervene to correct market failures. This could include for example the effects of the exercise of market power, external costs and lack of information necessary for buyers and sellers to make informed decisions.
Examples of external costs include run-off of chemicals to rivers and the ocean, irrigation in some areas increasing salinity downstream, and biosecurity. Often Australian food markets do not provide buyers with required information about the production systems used, for example organic or GMO, about food safety and nutrition.
As the Productivity Commission notes, regulation is not the only form of government intervention and often it is not the best way to correct a market failure. For example, the creation of government environmental water managers with water property rights similar to those used by irrigators for the Murray-Darling Basin seems to be a more effective way to restore a balance of water use between irrigation and the environment, than previous restrictions on water available for irrigation.
Sometimes government failure, either from lack of information or the dominance of political considerations, can result in regulations with larger social costs than those for the market failure. Essentially this is reflected in the report’s argument that some regulations are counter productive, such as the banning of GMO and regulation the sugar industry again.
Where regulation is a proposed solution to the market failure, a next step is to design the regulation. The objective is to balance the benefits and costs to society, and not just for agriculture, of the restrictions imposed on the products produced and the production methods used.
In many cases these social benefit cost assessments will be very challenging and with legitimate debates on key costs and benefits. Regulations on animal welfare illustrate. There are challenges in providing robust measures of animal welfare and even in obtaining estimates of the different values and attitudes people place on different levels of animal welfare.
Forthcoming information about the side effects of new chemicals and production methods, as well as the evolution of society preferences, likely will justify adapting and changing regulations over time as new information becomes available.
A particular area of excessive regulation cost affecting Australian agriculture identified by the Productivity Commission concerns over-lapping, and sometimes conflicting, regulations across the three levels of government.
Greater inter-government cooperation over the design and conduct of regulations is what the Productivity Commission draft report proposes and the government would do well to listen.
John Freebairn is professor, Department of Economics, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/john-freebairn-90" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Government needs to get balance right in regulating agriculture

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<img src="https://counter.theconversation.edu.au/content/57114/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The Productivity Commission has condemned government plans for an “effects test” that would make it easier to stop large businesses exploiting their market power against small businesses and farmers.
It has also criticised the Coalition’s toughening of foreign investment rules for the agriculture sector and said they should be liberalised again.
The Commission’s forthright stand on both issues – in its draft report on the regulation of agriculture - puts it strongly at odds with the Nationals in particular. The minor Coalition party was critical in winning a new “effects test”, after long being concerned at the behaviour of Coles and Woolworths with suppliers. It also wanted tighter provisions for scrutiny of overseas investment in agricultural land.
After earlier putting the issue on the back burner, the government announced before the election that it would bring in an effects test. This would change the competition law so it only had to be shown that the effect, rather than the purpose, of a corporation’s decision would be to substantially lessen competition.
But the Productivity Commission says: “The existing competition regulation and oversight is adequate for managing concerns about abuse of market power by supermarkets and traders engaging with farm businesses.
“The current focus on the potential for the misuse of market power by wholesale merchants and supermarkets engaging with farmers is not well supported by evidence.”
It says introducing an effects test is unlikely to shield farm businesses from intense competition in retail food markets, adding that “shielding farm businesses from competition would also not be in the interests of consumers”.
In 2015 the government lowered the screening thresholds - at which bids go to the Foreign Investment Review Board - for agribusinesses (to A$55 million) and agricultural land (to A$15 million based on cumulative land holdings) for investors from most countries.
Presiding commissioner Paul Lindwall, in comments on the report, said the tightening “lacks a sound policy justification”.
The Commission points to the greater cost and complexity involved. “There is a risk that this will ultimately deter foreign investment in the sector without offsetting public benefits, particularly as other measures (such as the agricultural land register) are in place to increase transparency and public confidence about foreign investment in Australian agriculture,” the report says.
The Commission says it is also unclear that national interest considerations are different for foreign investors in agriculture compared with other sectors that have a higher screening threshold of A$252 million. It points especially to acquisitions in sensitive areas, such as telecommunications, transport and military-related industries.
It recommends the screening threshold for agricultural land and agribusinesses be increased to A$252 million. This was the threshold for agriculture before 2015 and applies to business acquisitions and developed commercial land for investors from most countries.
Farm businesses face a vast array of regulations, the report says.
Some lack a sound justification and should be removed. These include restrictions on the use of land held under pastoral leases, and state bans on cultivating modified crops.
Others need reform, including native vegetation and biodiversity conservation regulations and those relating to animal welfare. In the latter area the Commission recommends a new independent body.
“The process for setting standards for farm animal welfare would be improved by applying scientific principles and evidence through the creation of a national, independent body responsible for building the evidence base on community expectations, as well as for developing national farm animal welfare standards,” the report says.
Commissioner Lindwall said: “Farmers are straining under a heavy burden of regulation. They face complex regulations at every stage of the supply chain — from land acquisition to marketing. These are imposed by multiple agencies across three levels of government.”
Michelle Grattan is professorial fellow, University of Canberra, and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/michelle-grattan-20316" target="_blank">here</a>.
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Productivity Commission attacks competition ‘effects test’ and farm foreign investment rules

<html><body>
GUEST OBSERVER
Industry data: The ABS has released performance data for Australian industry sectors in the last financial year.
Leading the gains in income growth in 2014/15 was “Commission-based wholesaling” (up 35 per cent). Over the past five years income in the “Non-store retailing and retail commission-based buying and/or selling” sector more than doubled as did income for “Internet service providers.”
 Profitable companies: In 2014/15, 78.7 per cent of industries made a profit, up from 78.4 per cent in 2013/14 and 77.4 per cent of businesses in 2012/13. 
The detailed data on regions and industries are important for businesses researching markets.
<a href="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%203.08.55%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%203.08.55%20PM.png" alt="">
What does it all mean? 
 The shift away from bricks and mortar stores to online and non-traditional sellers stands out in the latest industry performance data. The biggest gain in income across the 80 sub-industries last financial year was by “Commission based wholesaling” (up 35 per cent). But internet service providers, internet publishers and “non-store retailing” (online stores) were represented towards the top of the income generators in 2014/15. 
 Over the past five years, again online retailers and internet service providers were amongst the industries recording the biggest gains in income. 
 The rural sector has been amongst the broader winners over recent years. Since 2006/07, profits across the Agriculture sector have lifted almost 12 per cent a year with income growth averaging 6 per cent. 
 Overall the industry data confirms the health of Australia business with almost 79 per cent of operators making a profit in 2014/15.
<a href="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%203.11.37%20PM.png" target="_blank"> Click to enlarge</a>
<img src="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%203.11.37%20PM.png" alt="">
What do the figures show? 
 In 2014/15, 78.7 per cent of industries made a profit, up from 78.4 per cent in 2013/14 and 77.4 per cent of businesses in 20 12/13. 
 In 2014/15, industry income rose by 1.5 per cent with expenses up 2.0 per cent. Earnings before income, tax, depreciation and amortisation rose by 4.3 per cent – the fastest gain in four years. 
Industry value added lifted 2.9 per cent in 2014/15; employment rose by 0.5 per cent; wages and salaries rose by 2.3 per cent. 
What is the importance of the economic data? 
 The Bureau of Statistics releases detailed data on industries and regions and general social surveys at regular points over time. The data is useful in gauging perspectives on the economy. 
What are the implications for interest rates and investors? 
 Aussie businesses and consumers generally have a poor understanding of the best performing industry sectors. Many believe that Australia has little to offer apart from mining and despair about the state of the manufacturing sector. 
 Amongst the biggest income generators over 2014/15 were Agriculture (+11.3 per cent), Healthcare (+10.8 per cent, Rental, hiring and real estate services (+10.7 per cent) and Construction (+7.3 per cent). Mining income fell 14.6 per cent but total industry income still lifted 1.5 per cent. 
 Over the past eight years profits in the Agriculture sector have grown on average by 12 per cent with income growth averaging 6 per cent.
As our Agriculture strategist is fond of saying – Australia is well underway in moving from the mining boom to the dining boom, benefitting from Asian demand for our food and beverage products. 
<a href="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%203.13.06%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/27/Screen%20Shot%202016-05-27%20at%203.13.06%20PM.png" alt="">
Craig James is the chief economist at <a href="https://www.comsec.com.au/default.aspx" target="_blank">CommSec</a>.
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