From suburban apartment blocks to skyline-defining towers, <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a>’s journey over the past 26 years has been one of consistent expansion and scale. The last decade in particular has seen Deicorp become one of the most prolific developers in Greater Sydney. Now with a $3.5 billion pipeline and some of its boldest projects yet, the developer is taking on central Sydney, starting with <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a>.

Deicorp founder Fouad Deiri started the company in 1999 initially working out of a small office in Hurstville, with a 21-unit townhouse project in Albert Street Newtown. With a small but capable team, they utilised their extensive construction industry experience to grow the scale and complexity of jobs to now having a team of more than 200 with more than 4,000 units currently under construction.&nbsp;

[smartcode_project:default project_id=21809 project_image_fid=351911]

One of their most significant developments, Hyde Metropolitan, will arguably become one of their greatest feats, reshaping the city skyline at the southern end of Hyde Park.

Deicorp is already nearly five years into the development process. It was 2021 when they secured the Polding Centre, a 1970s, 24-storey office building on the corner of Liverpool and Castlereagh Street, from the Catholic Archdiocese of Sydney, following a six-month competitive process.

As per the City of Sydney regulations when developing within their council to the scale of such a building, the council undertook a competitive design process where architects put forward different designs and schemes for the site.

[smartcode_project:default project_id=21809 project_image_fid=215742]

They settled on the proposal by renowned architect <a href="https://www.apartments.com.au/architects/candalepas-associates">Angelo Candelapas</a>, which would bring to life their vision to create one of the best new developments within the CBD.

“I cannot imagine anything more beautiful than the delivery of a building which can demonstrate a deep affection for our sun,” Angelo Candelapas said of the design. “It is a building with dramatic foyers and an oasis garden for the residents. These two facilities link to provide a sense of wellness and nature in the centre of the city.”

[smartcode_project:default project_id=21809 project_image_fid=215741]

Fouad Deiri said he had long admired the innovation and design language of Candelapas.

“Deicorp has deliberately partnered with some of Sydney’s most recognised and capable architects in the past and we understand the value of working with truly talented designers,” Deiri said.

There are just under 170 apartments on offer at Hyde Metropolitan, a mix of one-, two-, and three-bedroom residences, many with never-to-be-built-out views over Hyde Park and towards the Harbour.

[smartcode_project:default project_id=21809 project_image_fid=215728]

Upon arrival, residents will be greeted by an eight-level-high private lobby with arched cathedral fenestrations, serving as a podium to the 55-level tower. The ground level will also host a high-end restaurant and cocktail lounge, very much in keeping with its vibrant streetscape.

The resident amenity will sit on top of the podium and will feature a 25-metre pool, landscaped courtyards and gardens, a barbecue area, gym with a sauna, and a music room. Sales are being handled by <a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a>. SRM Director Dave Milton said Hyde Metropolitan will be "one of the preeminent Sydney residential developments on the southern end of Hyde Park."

Hyde Metropolitan is one of nine developments either under construction, in planning, or in market for Deicorp.

Their next project to launch, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in <a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>, will be their first development on Sydney’s Lower North Shore. True to tradition, Deicorp has already commenced construction on Falcon &amp; Alexander, prominently positioned at The Five Ways junction, placing it a five-minute walk from the new Metro station and in close proximity to Crows Nest Village. The one-, two-, and three-bedroom apartments will start from just under $1.3 million.

[smartcode_project:default project_id=135323 project_image_fid=351946]

Deicorp will roll into 2026 with several more projects to launch to the market for the first time.

They have already cleared their massive 2.87-hectare site Zetland that borders Gunyama Park, where they will transform a former industrial site into <a href="https://www.apartments.com.au/new-apartments/the-avenues-zetland-130-joynton-avenue-zetland-nsw-2017">The Avenues</a>, 624 apartments across nine buildings, curated ground-floor retail, purpose-built student housing, and build-to-rent dwellings delivered in partnership with Scape. It is one of the largest developments to be launched in Sydney’s inner south in recent years.

One of their most anticipated projects is the $1.8 billion Five Dock masterplan <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> (below), to be delivered in a joint venture with non-bank lender Metrics.

<img alt="Deicorp teams up with Metrics for $1.88 billion Kings Bay Village, Five Dock masterplan" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-08-14%20at%208.12.53%E2%80%AFAM.png?VersionId=_9z4I8B0EIzrXe3ldnXti1bSXCeoZi2W" />

Kings Bay Village will comprise 1,185 new homes, including 218 affordable dwellings for essential workers, along with 6,500 sqm of public open space and 14,700 sqm of vibrant retail and commercial offerings.

Add to that more releases at their <a href="https://www.apartments.com.au/new-apartments/showground-pavilions-castle-hill-3-andalusian-way-castle-hill-nsw-2154">Castle Hill Showgrounds</a> precinct, and their under construction projects in Rhodes and Parramatta, Deicorp is in the midst of adding a much-needed 3,000 new apartments to some of Sydney’s most sought-after postcodes.

Read more: <a href="https://www.apartments.com.au/news/nsw/deicorp-teams-up-with-metrics-for-1-88-billion-kings-bay-village-five-dock-masterplan">Deicorp teams up with Metrics for $1.88 billion Kings Bay Village, Five Dock masterplan</a>

Joel Robinson

Deicorp dives into luxury as Sydney apartment development pipeline grows

A prominent corner in Wynnum’s central precinct could be reshaped under new plans from <a href="https://www.apartments.com.au/developers/toore-developments">Torre Development</a>, with a development application now with council for a sculptural eight-storey apartment building combining residential, office, and recreation uses.

Situated at <a href="https://www.apartments.com.au/new-apartments/63-bay-terrace-wynnum-qld-4178">63 Bay Terrace</a>, the 2,014 sqm site lies at the intersection with Charlotte Street, within the Wynnum-Manly Neighbourhood Plan’s Wynnum central business district sub-precinct. The proposal seeks to deliver 78 apartments above ground-floor non-residential tenancies, with architecture by Plus Studio.

The proposed building will be a mix of 58 two-bedroom and 20 three-bedroom apartments spread across seven residential levels, crowned by a 914 sqm communal rooftop terrace featuring a pool, gym, sauna, and private dining areas.

Ground level activation is a key aspect of the design, with 771 sqm of office and indoor sport and recreation space proposed to reinforce the area’s major centre designation. The site will also deliver improved pedestrian amenity via a recessed entry plaza on Bay Terrace and a landscaped public realm along Charlotte Street.

<img alt="63 Bay Terrace, Wynnum" data-entity-type="file" data-entity-uuid="4e5ef890-2f8f-4bbd-9ff1-57fa4e4360d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Wynnum%20podium.png?VersionId=7_if97F1KAYrTX2BQrNspFInEHwXcQRd" />

In their design report, <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> described the form as “sculpted into a rhythmic wave, amplifying facade dynamism while merging interior life seamlessly with the city’s texture to evoke a fluid, immersive urban living experience”.

Vehicle access will be via Bay Terrace, with four basement levels accommodating 197 car spaces, including 177 for residents. Bicycle storage is also provided for 193 bikes.

The building’s architectural character is marked by curved balconies, horizontal banding at podium level, and lush greenery integrated throughout.

“Traditional developments in Wynnum typically feature above-ground car parking, a tiered 'wedding-cake' building form, no podium-level landscaping, and no rooftop amenities,” Mewing Planning noted in the DA, positioning this proposal as a departure from the norm.

The new development is Torre's second in the area, having recently completed Catalina, a more boutique building with 28 apartments.

There are only two new developments currently on the market in Wynnum: Panorama on Bay Terrace and Adena Residences on Sorrento Street, the latter of which is nearing completion.

First look: Torre eyes sculpted mixed-use apartment tower for key Wynnum corner

“We honestly never thought we’d have penthouses.”

That was the view from <a href="https://www.apartments.com.au/developers/ellipse-property-group">Ellipse Property Group</a>, developer of <a href="https://www.apartments.com.au/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill-nsw-2154">Carrington Place</a>, Cas​tle Hill’s $850 million masterplanned community. Atrium, the project’s first stage, has been one of the Hills Shire’s most successful launches, with sales cutting across almost every buyer demographic. But it was one group in particular, downsizers, that shaped the next evolution of the development.

“Our large three-bedroom apartments, anything bigger than 135 sqm, were quickly getting snapped up,” says Puja Khanna, Ellipse’s Sales, Marketing and Design Associate Director. “We had a huge amount of interest from downsizers who were living in houses and used to having extra space. Many hadn’t wanted to leave because they couldn’t see themselves in a smaller apartment.”

[smartcode_project:default project_id=89496 project_image_fid=353654]

That demand drove Ellipse to reconfigure layouts during the early stages of the construction phase. “At one point a buyer asked us to combine a two-bedroom and a one-bedroom into a 145 sqm three-bedroom. We applied that across the stack and created five more, they all sold very quickly.&nbsp; Then another buyer wanted something even bigger. We looked strategically at how to cater for this appetite and ended up redesigning the whole of the top level. Sixteen units became eight penthouses, each one unique in its design, configuration, or aspect.”

Ellipse’s new penthouse collection takes space and finishes to another level. Offering up to 334 sqm of indoor-outdoor living, they feature stone kitchens with central islands designed for entertaining, walk-in pantries, and a full suite of integrated Miele appliances and a Fisher &amp; Paykel fridge.

[smartcode_project:default project_id=89496 project_image_fid=353655]

Living areas are anchored by luxury fireplaces, while expansive balconies and terraces include outdoor kitchens with bar fridges, sinks, and built-in barbecue benches. Bathrooms will feature large-format porcelain tiles, brushed brass fittings, frameless shower screens, and floating timber-toned vanities.

“We’ve already had a buyer secure one of the penthouses purely from a hand-sketch drawing,” Khanna says. “We worked with them for months to refine the specifications and inclusions. That consultation process has helped shape the rest of the penthouses — some even feature two separate living spaces.”

[smartcode_project:default project_id=89496 project_image_fid=353653]

Ellipse’s builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, an award-winning Tier 2 residential builder and one of the first to achieve a prestigious Gold iCIRT rating, is well advanced in construction at Atrium, which is expected to welcome its first residents in mid-2026.

There will be four stages to Carrington Place, delivering over 800 apartments alongside 20,000 sqm of outdoor recreation space. Plans include a one-kilometre boardwalk connecting to Fred Caterson Reserve, along with extensive landscaping and community amenity. Ellipse has recently launched Carrington Place’s second stage, Lily Lane, which will deliver 220 new apartments across two new buildings.

[smartcode_project_cta:default project_id=89496]

Ellipse Property unveils Atrium Penthouse Collection at Carrington Place, Castle Hill

Latent Defects Insurance (LDI) is rapidly becoming a must-have in the New South Wales new development market, with more developers than ever adopting the rigorous insurance policy that brings confidence to the market like no other.

While LDI has been long established in Europe and the Americas, it only entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover. It arrived against a backdrop of high-profile defects cases that had dented confidence in the apartment sector.

Latent Defects Insurance is secured by the developer and protects the building—and, more importantly, the apartments within it, from any structural or waterproofing defects that may arise within the first 10 years of the building's completion.

Resilience Insurance CEO Corey Nugent says developers have quickly realised its importance.

“The overarching feedback from prospective buyers in the new development space is that they have an inherent lack of confidence,” Nugent says. “That has been the number one factor in buyers transacting. Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product by taking out the insurance.”

Nugent says there has been a marked uptick in new projects with LDI in the last 12 months.

“There are now over 3,200 apartments in the pipeline that have, or will have, the Latent Defects Insurance policy. Developers understand the value it gives to buyers while also recognising that if they don’t offer it, others will—and that makes a competing development much more appealing to a buyer.”

Nugent says we are now seeing a real shift in the culture of development. The policy doesn’t just protect purchasers; it encourages better standards during construction because independent inspections are part of the process. “That’s the real long-term benefit.”

Builder-developers have been particularly active in driving adoption of the policy. Deicorp was among the earliest adopters, setting a precedent that many others have followed. Builder-developer DASCO has taken out LDI across its two new projects, Danks Street District in Waterloo and Senso in Epping.

[smartcode_project:default project_id=111820 project_image_fid=344699]

Fellow prolific builder-developer ALAND has taken out its first Latent Defects Insurance policy at The Walden, the newest apartment development in North Sydney. ALAND Founder Andrew Hrsto said offering the policy was a natural decision.

“With a project like The Walden, buyers expect certainty,” Hrsto says. “For us, LDI ensures that confidence is built in from the start, and that’s exactly what purchasers in this part of Sydney are looking for.”

[smartcode_project:default project_id=134323 project_image_fid=6384]

Newcastle builder-developer GWH has just taken out the policy at its newest development, ERA, one of the only new developments in the region with Latent Defects Insurance.

GWH Director Jonathan Craig said the policy is a “win for everyone.” “As a builder and developer, we take great pride in our work. Having third-party inspections throughout construction gives us confidence and delivers peace of mind for the buyer.”

[smartcode_project:default project_id=135096 project_image_fid=351104]

Longstanding, diversified developer Northland Group is offering the only LDI-insured apartments in Merrylands in Sydney’s growing west. Their under-construction Pitt Street development, Central Quarter, will comprise 194 apartments above a full new commercial and retail precinct.

Chris Williams, Operations Director at Home789, who is selling Central Quarter in conjunction with Stone Projects, says buyers are seeing LDI as both a value-add and protection.

“LDI is helping first home buyers and investors feel more confident, especially with all the negative publicity around off-the-plan apartments,” Williams says. He adds that buyers also appreciate the strict requirements and scheduled inspections throughout construction. “That adds another layer of credibility to the project and gives them extra confidence in the build quality.”

[smartcode_project:default project_id=5660 project_image_fid=1673]

Developments with LDI are subject to the Technical Inspection Service program, an independent third-party review process that monitors and evaluates a building’s design and construction. By integrating regular inspections and detailed assessments into every stage of construction, the TIS significantly reduces the likelihood of latent structural defects—issues that only become apparent after project completion.

Resilience Insurance is working with the NSW Government and expects Latent Defects Insurance to be mandatory by 2028.

“There are now over 3,200 apartments in the pipeline that have, or will have, the Latent Defects Insurance policy."

Resilience Latent Defect Insurance protection runs hot in New South Wales

The builder-developer model has become a widely discussed strategy in the new development space in recent years, particularly in the face of rising labour costs, caused by the COVID-19 pandemic, and a shortage of high-quality builders. Many developers who built their own projects were able to mitigate these challenges and continue delivering new apartments relatively unscathed.

In Newcastle, <a href="https://www.apartments.com.au/developers/gwh">GWH</a> stands out as the city’s only local builder-developer. While operating relatively quietly for decades, the diversified developer is now becoming a major player in a city that is traditionally deemed a “regional market”, but has grown to be anything but. Increased interest from Sydney-based buyers, driven by remote working trends and the search for affordability that often lies well outside of Greater Sydney, has only heightened GWH’s visibility.

Their strength lies in their fully integrated business model and the local reputation they’ve built. This has helped them navigate challenges like the pandemic as well as any developer in the country, and continues to guide their growing pipeline of projects.

[smartcode_project:default project_id=135096 project_image_fid=351104]

Jonathan Craig, GWH’s Managing Director, has been with the business for nearly 30 years. He stepped out of school and straight onto a construction site with his father, a structural engineer.

“I was straight on site in Cardiff, where I met Hilton Grugeon (one of GWH’s founders). Within a week, I was working for him and Grahame Chevalley (the other founder),” Jonathan recalls.

GWH was founded in 1995, initially focusing on industrial units and then moving into bulky goods retail developments, particularly in Newcastle and Maitland. In the early 2000s, the company began developing Coles neighbourhood shopping centres. They soon built out a construction team capable of delivering larger-scale projects, paving the way for their entry into multi-residential development.

While the builder-developer model isn’t necessarily new, GWH could arguably boast one of the most vertically integrated businesses in the country. Under the umbrella of the Hunter Construction Group, GWH has access to an in-house supply chain that includes a ready-mixed concrete provider, and structural steel, aluminium windows and doors and precast panel manufacturing businesses.

“We very literally deliver the developments from the ground up,” Jonathan says.

[smartcode_project:default project_id=24247 project_image_fid=325758]

Jonathan reflects on GWH’s “bold move” to buy a residential development site in Newcastle West over a decade ago. “People thought we were mad. At the time, it was Newcastle’s tallest building at around 13 storeys.”

Apartment living wasn’t the norm in Newcastle back then.

“The city and surrounds were predominantly made up of single blocks with weatherboard cottages, even in the centre of the city,” he says.&nbsp;

But fast forward a decade, and the landscape has shifted dramatically.

“The market is now incredibly well-educated and much more open to what apartment living can offer.”

One of the most noticeable market shifts Jonathan has noticed in the past five to seven years has been the demand for resident facilities.

[smartcode_project:default project_id=24247 project_image_fid=325760]

“We started with a residential rooftop in 2018, and then added a pool and gym. Now our developments include all of the above plus cinemas, steam rooms and multiple rooftop entertaining areas.” The residential rooftop space is an amenity GWH has double-downed on in recent years. It has become one of their signature offerings, with no other developer in the area dedicating the rooftop to residents.

Another major shift over the last five years is the buyer pool. Previously, about 75 per cent of GWH’s buyers were local downsizers from within a 40-kilometre radius. Today, the buyer demographic is much more varied, with younger professionals and investors who see long-term growth in the Newcastle area becoming more prevalent.

This diversification has led GWH to design developments with a wider range of apartment configurations and sizes to meet evolving demand.

GWH has delivered over 700 apartments since entering the multi-residential sector, and will add a further 193 apartments in the coming months with the completion of <a href="https://www.apartments.com.au/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west-nsw-2302">ONE Apartments</a> in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>. GWH focused on larger floorplans at ONE, which are around 20 per cent larger than what is typically available in both the new development and established apartments sectors in the region. The taller of the two towers in the building, at 80m high, will become the tallest tower in Newcastle.

[smartcode_project:default project_id=135096 project_image_fid=351103]

Just 650 metres away, GWH will soon break ground on their next project, <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a>. Another two-tower development, ERA will comprise 281 apartments, an open-air swimming pool on the shared podium level, a gym with a dedicated fitness studio and a dry sauna, and a rooftop terrace crowning each building.

ERA will be GWH’s first development to include Latent Defects Insurance by Resilience Insurance, which protects buyers from structural and waterproofing defects for 10 years post-completion.

“The policy is a win for everyone,” Jonathan says.

“As a builder and developer, we take great pride in our work. Having third-party inspections throughout construction gives us confidence, and delivers peace of mind for the buyer.”

GWH plans to take out Latent Defects Insurance on all future projects.

One of GWH’s most ambitious upcoming projects will reshape the west end of Newcastle. The developer recently secured The Cambridge Hotel, situated on a prized 1,942 sqm site, along with an adjoining 4,096 sqm parcel. Together, they form a 6,038 sqm megasite set to become a mixed-use precinct, featuring significant retail and hospitality on the ground floor, and several residential towers above.

“There’s such an opportunity to deliver something really special for this part of the city. “It’s one we, as a whole business, are very much looking forward to bringing to the people of Newcastle.”

Building from the ground up: GWH takes fully-integrated development model to new heights

Furniture

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For a limited time, Melbourne developer Hallmarc are offering a $10,000 furniture voucher to new buyers in their recently completed Highett apartment development Vista Apartments in Melbourne’s south.

The offer is in its final weeks, only lasting until February 28, and allows new buyers in the 154-apartment bayside project to furnish their new homes.

[smartcode_project:default project_id=3303]

Hallmarc’s Chief Executive Officer, Michael Loccisano, says at Vista they have focused the design specifically to the owner occupier market, which he says has been very well received.

"Apartment living requires more thought as to how it's configured and we’ve incorporated just that - larger layouts, dedicated home office areas and open plan living, creating bright and welcoming spaces," Loccisano says.

<a href="/buildings/vista-apartments-9-remington-drive-highett"><img alt="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/vista_highett_2.jpg" width="1200"></a>

He also says that beyond Vista is the suburb of Highett, where everything is on Vista's doorsteps.

"It is a bustling area with a strong sense of community and so much to offer."

The development has never to be built out views of Sir William Fry Reserve and is a short walk to Southland Shopping Centre and Sandringham Beach.

<a href="/buildings/vista-apartments-9-remington-drive-highett"><img alt="" height="718" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sir_william_fry_reserve.jpg" width="1200"></a>

Nearly all of Vista'a remaining apartments also qualify for the 50 per cent stamp duty concessions. Prices for two bed apartments start from $699,500 to $1,120,000 and range from 89 sqm to 118 sqm.

As well as direct access to impressive parkland and walking paths, residents can also take advantage of resort-style swimming pool and fully-equipped gymnasium.

<h2>What the buyers say:</h2>

<h2> </h2>

<blockquote>
"My friends that have come to visit are so impressed with my apartment and the quality, they can’t get over how gorgeous it is and how comfortable it feels. The ample storage and excellent planning that has gone into the layout and floor plan has been excellent, and I’m very fussy!"

Owner Occupier: Jan
</blockquote>

 

<blockquote>
“Suits [our] lifestyle perfectly – [we] have everything on [our] doorstep, no need to leave the area which has been a blessing.”

“Design elements of the apartment are superb – particularly open plan living and separate laundry. Private gym and pool was a major tick”

Owner Occupiers: Brad and Crystal
</blockquote>
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The offer only lasts until February 28 and allows new buyers in the 154-apartment bayside project to work to spend a $10,000 voucher furnishing their homes.

Developer Hallmarc offer $10,000 furniture vouchers for buyers in Melbourne apartment development Vista Apartments

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The Clifton Hill warehouse of Schots Home Emporium has been listed for sale given their closure plans next year.
Schots have opened newer stores in Geelong and Moorabbin in Melbourne's South.
The landmark red brick building at <a href="https://www.propertyobserver.com.au/%20https:/www.realcommercial.com.au/property-offices-vic-clifton+hill-503241878" target="_blank">380-406 Hoddle Street</a> is leased to Schots until April 2020, with options for only two x one month extensions.
Schots bought the building with 5,305 sqm floor space for $613,000 in 1994. It's expected to fetch upwards of $20 million.
It was built as a shoe and boot factory in 1913.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/2/Schots%20Hoddle%20Street%20Clifton%20Hill%202.jpg" alt="">
The building sits on a prime 2,140 sqm plot described as an island site by Colliers International agents Peter Bremner, Ted Dwyer and Andrew Ryan given it has four street frontages to Hoddle, Noone and Parslow Streets, as well as a rear lane.
The three storey building has been called "the most exciting opportunity to hit the market in the Melbourne City Fringe so far in 2019" by the Colliers team.
It will be sold with a short-term holding income of $800,000 per annum until the end of the lease in April. 
 
 
 
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jrobinson-rf4aSBido9

Schots Home Emporium list their Clifton Hills store

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The RBA has acknowledged the decline in housing turnover over the past year had "weighed on demand" for items such as household appliances and furnishings that are more likely to be purchased when moving into a new home.
"More generally, the decline in household wealth associated with falling housing prices has likely put some downward pressure on consumption growth," the February RBA statement of monetary policy noted.
"However, these recent falls have followed several years of very strong growth in prices," the RBA suggested.
"If households take a longer- term perspective of their wealth, they may look through the recent declines; even if they do react, it is unclear how quickly this might occur," the central bank advised.
The bank also noted the high level of household debt also remains a key consideration for household consumption. 
"In general, more indebted households are likely to be more sensitive to changes in their expected income growth and household wealth; consumption growth may be weaker for a time if households become concerned about their debt levels and choose to pay down debt more quickly. 
"It is also possible that households that are highly indebted or credit-constrained will be more sensitive to falling housing prices than to rising prices.
"Weaker housing construction and prices could have pervasive economic effects, it said.
The statement n monetary policy also noted there are a number of channels other than consumption through which housing market conditions can affect economic activity. 
"These channels have been incorporated into the central forecasts, but the effects are uncertain, particularly when there is uncertainty about the outlook for housing prices.
"The decline in housing prices will have a direct effect on dwelling investment but the timing and magnitude of the effect is uncertain. 
"The pipeline of work to be done is large and is expected to support dwelling investment for some time even though residential building approvals have already declined considerably.
The extent of the support from the pipeline could be more protracted than currently expected.
"But there is a risk that dwelling investment declines sooner and by more than currently forecast.
"This would have flow-on effects to the outlook for employment and household income.
"Very weak conditions in the earlier stages of residential development identified in business liaison point to further downside risk to dwelling investment in 2020 and beyond.
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There are also a number of indirect channels through which a decline in housing prices could affect the economy. 
"Lower housing prices could limit how much small businesses can borrow when using housing as collateral."
The report noted the decline in housing market turnover associated with the decline in housing prices has implications for business and household services, such as real estate and legal services.
"Changes in housing prices and turnover can also affect public demand through their effect on state government stamp duty revenue."
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j.ballantyne1990-6AQqhLzZaK

Uncertainty on house prices set to impact on demand for appliances and furnishings: RBA 

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GUEST OBSERVER
Increasing urbanisation, denser city living, more expensive apartment prices and higher rents are reshaping our access to and use of urban space. Room-sharing websites are one sign that the cost of city living is driving people to consider sharing rooms with strangers out of necessity. Those flats are not homes anymore.
If people can’t spend time in their flat – because it is too crowded, too noisy or not safe enough – they end up spending more time in public spaces like libraries or quasi-public spaces like gaming arcades or shopping malls. Dutch Prizker Prize-winning architect Rem Koolhaas calls this Junkspace. Or they are spending time in the street, plazas and parks.
How does the city cater for people in these places? Imagine a home furnished with the kind of furniture we typically see on the street. Would it feel comfy?
Generally the design of this kind of public furniture has a strictly defined scope. It has to be vandal-resistant, easy to install, require little to no maintenance, not encourage littering, tie in with the style of the precinct, etc.
Public furniture also has an established typology – benches and seats mainly. This restricts what we can do in public (sit down with a straight back, we can’t lounge). These are part of the design considerations to provide a bench for people to sit on.
What if we want to do more than just sit?
The spacing, positioning and location of furniture in public space play a big part in deciding what I can look at, with whom, for how long and how I’ll feel while sitting there.
But what if I want to do more then just sit there? Where, for instance, do I plug in my phone or laptop to recharge?
It is also not easy to wash my hands in a public space. For example, I’ve sat down and eaten an orange on a bench, my hands are sticky and I’d like to wash them. Perhaps I’ve also taken off my coat while sitting there. What now?
I’ve got to seek out the nearest public toilet and use the hand basin, but where to put all my other belongings while doing that? On the toilet floor?
A basic human right is access to water and utility services. We need to provide this access in the public sphere, and not just in commercial environments like coffee shops.
Filling up a water bottle is not easy, buying water is – if you can afford it. This is not an equitable solution. It adds to the already significant financial burden of paying high rents and city living.
Think about how design can expand our options
While we have furniture for the street, the street, parks and plazas lack other services. Design embeds a narrow social script in the current range of street furniture. The design of new public furnishings needs to adapt and offer citizens a wider, more diverse range of options for being in the city.
For example, people should have access to facilities to carry out basic healthy living practices, such as washing hands. They also need access to power – perhaps even a facility to heat up food, like a home-made lunch, or a pre-prepared meal from the supermarket.
Furnishing a public space with such new public appliances could transform it, soften it, bring familiarity, comfort and a sense of domesticity to it; a public backyard. The opportunities for a smart city are not just large-scale infrastructure, public transport and traffic monitoring, but also exist at a finer-grained level.
These new kind of street furnishings can be made available to users via a contemporary, digital version of the old city gate. It can require them to log in or authorise them to use equipment via a unique identifier. We already practise this on e-commerce and sharing economy websites.
This new kind of public street furniture can have sensors embedded that monitor and respond in real time to their use. Interactive furniture can be part of a larger dedicated data system. It can inform relevant authorities if the power point is drawing excessive power, or if the noise level at this power point is too loud for the time of day and, in response, turn off the lights and the power.
Parameters can be tested and the calibration of use and user patterns can be explored in line with neighbourhood expectations. The system can then autonomously react to the data gathered.
Street furniture can be reconceived as connected and interactive appliances. These would then provide a gateway that gives people access to everyday utilities. And, by doing so, these new facilities could provide quasi-domestic-style amenity in the public realm, making the city a more equitable and welcoming place for all.
Christian Tietz is senior lecturer in industrial design at UNSW.
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/people-friendly-furniture-in-public-places-matters-more-than-ever-in-todays-city-83568" target="_blank">original article</a>.
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