A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

Natural Disaster

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The ruins of Nepal’s Gorkha district after the 2015 earthquake that killed nearly 9,000 people and injured 22,000. Tourism helped lead the way back.
<img src="https://www.urban.com.au/images/2020/1/8/1_Nepal_Pierre%20Prakash.jpeg" alt="">
Holidaying in a disaster zone might seem crazy, but “volunteer tourism” can actually help communities recover from natural disasters.
And if can offer a unique and rewarding experience for volunteers, if done carefully.
When disaster hits a tourist destination – whether fire, flood, cyclone or earthquake – tourists usually stay away, leaving communities to deal with a loss of income on top of the costs of repair and recovery.
On the other hand, people who feel a natural curiosity, as well as a natural desire to help, are keen for experiences where they can interact with locals and make a difference.
This “volunteer tourism” should not be confused with “disaster tourism” in which tourists immediately travel to a scene not to help but to look.
<h2>Nepal shows what can be done</h2>
We examined volunteer tourism in Nepal in the wake of the April 2015 earthquake that killed nearly 9,000 people and injured nearly 22,000.
We found that when it was done in an ethical manner that considered local conditions and the community, it could aid recovery and resilience.
It is important that the process be controlled locally and that the invitation from locals be genuine. It is also important that volunteer tourists be prepared to engage in work that mainstream tourists would not.
Our study, <a href="https://www.sciencedirect.com/science/article/pii/S0160738319301598" target="_blank">Engaging volunteer tourism in post-disaster recovery in Nepal</a>, has just been published in the Annals of Tourism Research.
In the four months that followed the Nepal earthquake, international tourism more than halved.
Initially most relief organisations asked international volunteers not to come unless they had specific expertise, such as medical skills, building skills, or experience responding to emergencies.
Then the Pacific Asia Travel Association and Nepalese tourism industry leaders worked together to produce the report of the <a href="http://pata.org.np/wp-content/uploads/2016/06/A-Report-on-PATA-Nepal-Tourism-Rapid-Recovery-Taskforce.pdf" target="_blank">Nepal Rapid Recovery Task Force</a>, running workshops with more than 200 tourism industry leaders and professionals.
<h2>Volunteer tourism led the way back</h2>
The strategy they came up with prioritised potential tourism regrowth markets, including volunteer tourism.
Nepal relaxed conditions to allow international tourists to volunteer on a wide range of projects including rebuilding homes and schools, interning in hospitals, supporting non-government organisations and reestablishing sustainable agriculture.
It helped that Nepal was set up for it. It had already hosted organisations offering short-term travellers the opportunity to teach English and to work on health projects.
In 2015 and 2016 it hosted three global celebrities whose widely-publicised visits raised the profile and popular appeal of Nepal, especially to volunteer tourists.
<a href="https://images.theconversation.com/files/306944/original/file-20191215-85391-dpl453.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/306944/original/file-20191215-85391-dpl453.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
US actress Susan Sarandon comforts Kanti Maya Tamang, who lost her husband and daughter during the earthquake in Ramkot village on the outskirt of Kathmandu, Nepal in May 2015. NARENDRA SHRESTHA/EPA
In May 2015, Hollywood actress Susan Sarandon visited Nepal and actively promoted volunteer tourism to the North American market.
In mid-2015 Hong Kong based actor Jackie Chan visited and encouraged Chinese tourists and volunteers to come to Nepal.
In March 2016, Prince Harry (the younger son of Prince Charles) spent two weeks in Nepal engaged in volunteer programs.
Nepal’s tourism recovery since then has been remarkable.
In 2015, the year of the earthquake, just under 600,000 international tourists visited.
By 2018 the number had reached an all time record of almost 1.2 million. In 2019 it grew further. Volunteer tourism drove the recovery.
The Nepal Association of Tour and Travel Agents says almost one third of the tours booked to Nepal in the two years after the earthquake comprised groups who combined tourism experiences with volunteering or philanthropy.
<h2>It needs to meet local needs</h2>
In times of national crisis, the priority of a government has to be restoring the welfare of its people. However, the process by which that happens is multifaceted. In destinations that rely on tourism as a primary source of foreign investment, it can make sense to build tourism into the recovery process.
A focus on tourism need not detract from other critical processes such as providing health care and emergency services, clearing debris and construction.
But that’s easier said than done. Natural disasters by their very nature sow confusion, severely damage infrastructure and impose great strains on emergency management and administration.
Volunteer tourism won’t work everywhere, but where conditions are right, international visitors can speed rather than slow recovery.<img src="https://counter.theconversation.com/content/128841/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
<a href="https://theconversation.com/profiles/david-beirman-4852" target="_blank">David Beirman</a>, Senior Lecturer, Tourism, <a href="http://theconversation.com/institutions/university-of-technology-sydney-936" target="_blank">University of Technology Sydney</a>; <a href="https://theconversation.com/profiles/simone-faulkner-911263" target="_blank">Simone Faulkner</a>, , <a href="http://theconversation.com/institutions/university-of-technology-sydney-936" target="_blank">University of Technology Sydney</a>, and <a href="https://theconversation.com/profiles/stephen-wearing-7081" target="_blank">Stephen Wearing</a>, Associate Professor, Management, <a href="http://theconversation.com/institutions/university-of-technology-sydney-936" target="_blank">University of Technology Sydney</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/holidaying-in-a-disaster-zone-isnt-as-crazy-as-it-might-seem-128841" target="_blank">original article</a>.
Main article image credit: Russell Watkins/Department for International Development.
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j.ballantyne1990-6AQqhLzZaK

Holidaying in a disaster zone isn't as crazy as it might seem

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The risks associated with natural disasters for home loans and house prices in Australia are increasing due to the growing frequency of such events, according to the latest report from Moody's Investor Service.
In their report they found this development is credit negative for Australian residential mortgage-backed securities (RMBS) because it can lead to higher delinquencies and losses in the mortgages backing the deals.
However, the extent of mortgage delinquencies and losses caused by each individual natural disaster is likely to be moderate, given the geographic diversity of RMBS mortgage pools, insurance payouts and financial relief offered by lenders and governments.
Frequency of natural disasters is rising, increasing risks for home loans and RMBS.
Natural disasters can disrupt economic activity and therefore reduce borrowers' incomes, which can in turn lead to mortgage delinquencies and losses.
They can also result in significantly lower property values in affected areas.
Click to <a href="https://www.propertyobserver.com.au/images/2019/9/23/Disaster%20RMBS%202.JPG" target="_blank">open in new window</a>:
<img src="https://www.urban.com.au/images/2019/9/23/Disaster%20RMBS%202.JPG" alt="">
Natural disasters hurt the home loan sector, but the impact is moderate and temporary. After recent natural disasters, mortgage delinquencies increased by only moderate amounts.
One example they cited was that shortly after cyclone Debbie, which hit Queensland in late March and early April 2017, the 30+ day delinquency rate for home loans that were in disaster-hit areas and part of the mortgage pools of RMBS  rate increased to 2.3% after the disaster from 2.0% before the event, and dropped to 1.9% eight months afterwards.
Click to <a href="https://www.propertyobserver.com.au/images/2019/9/23/Disaster%20RMBS%201.JPG" target="_blank">open in new window</a>:
<img src="https://www.urban.com.au/images/2019/9/23/Disaster%20RMBS%201.JPG" alt="">
There are mitigating factors however which help keep home loan delinquencies moderate.
These mitigating factors include the geographic diversity of RMBS mortgage pools, the presence of insurance and the financial relief provided by lenders and government, Moody's Investor Service found.
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Natural disasters are growing risk for home loan sector: Moody's

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GUEST OBSERVER
What happens after Cyclone Debbie is a familiar process. It has been repeated many times in cities around the world. The reason is that our cities are not designed for these types of events.
So we know what comes next. Queenslanders affected by Debbie will complain about the damage, the costs and the need for insurers to act now to compensate their losses. The state and federal governments will extensively discuss who is to blame. 
The shambles will be cleared and life will eventually get back to normal. Billions of dollars will be spent on relocating people and on repairing the damage and public works. A state-level levy may even be necessary to pay for all the extra costs. Two storms, Katrina and Sandy, cost the United States more than US$200 billion between them. 
Yet we know what cyclones do. They bring, for a relatively short time, huge gusty winds. These are inconvenient but have proven not too damaging. 
The greatest risk comes from storm surge and rainfall. Both bring a huge amount of water. And all this water has to find a way to get out of our living environment. 
Despite knowing, approximately, where cyclones tend to occur, we never thought about adjusting our cities to their effects. It would make a huge financial difference if we did. 
So, what can we do to build our cities differently to ensure the impacts of cyclones – and the accompanying rainfall and storm surges – do not disrupt urban life? The answer to all of this is design. 
The usual design of current cities and towns brought us problems in the first place. We need to fundamentally rethink the design of our built-up areas.
<h2>Rethinking coastal and urban design</h2>
It starts with coastal design. We are used to building dams and coastal protection against storm surges happening once in 100 years. For comparison, the protection standards in the low-lying Netherlands are designed to protect the country against a once-in-10,000-years flood. But nature has proven to be stronger than our artificial constructs can handle.
An alternative design approach is to rely on the natural coastal processes of land forming – such as reefs, islands, mangroves, beaches and dunes. Humans can help the formation of these natural protectors by providing the triggers for them to emerge. 
As an example, when we put sand in front of the coast, the currents and waves will transport the sand towards the coast and build up new and larger beaches. This example is realised in front of the Dutch coast and is known as the sand engine. But nature will build them up to form a much stronger system than humans ever could. 
Instead of coasts, beaches and real estate being washed away, new land and larger beaches may be formed as a result of these processes. This requires design thinking, insights into the resilience of the coastal system, and understanding of the natural forces at play.
Second, urban design should reconsider the way we build our cities. Most urban areas do not have the capacity to “welcome” lots of water. And it is about lots of water, not the average shower or two. 
Until cyclones are gone, these enormous amounts of water need to be stored for a short period in dense urban areas. This goes beyond water-sensitive urban design.
Despite the benefits of water-sensitive design in many urban developments, when the going gets tough, this is just not enough. Water-sensitive urban design can barely cope with average rainfall peaks. So, in times of severe weather events, cities need to have additional spaces to store all this water.
The general rule here is to store every raindrop as long as possible where it falls.
<h2>How and where should we redesign our cities?</h2>
So, what can be done to cyclone-proof our cities? We can:
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<li>
Create larger green spaces, which are connected in a natural grid, increase the capacity of these green systems by adding eco-zones and wetlands, and redesign river and creek edges. Remove the concrete basins from every creek in the city.
</li>
<li>
Use large public spaces, such as parking spaces near shopping centres, ovals and football pitches, for temporarily capturing and storing excess rainwater. Small adjustments at the edges of these places are generally enough to capture the water.
</li>
<li>
Turn parking garages into temporary storage basins.
</li>
<li>
Redesign street profiles and introduce green and water-zones in streets. Out of every three-lane street, one lane can be transformed into a green lane, which can absorb rainwater. 
</li>
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Redesign all impervious, sealed spaces and turn these into areas where the water can infiltrate the soil. Use permeable materials.
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Think in an integrated way about street infrastructure, green and ecological systems, and the water system.
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These design interventions are not new and have been done abroad in cities such as Rotterdam, Hamburg or Stockholm. If we could add to these the redesign of roofs and gardens of industrial and residential estates and turn these into green roofs and rain gardens, the city would start to operate as a huge sponge. 
When it rains, the city absorbs the huge amounts of water and releases it slowly to the creek and river system after the rain has gone. This way, green spaces and water spaces not only play an important role during and just after a cyclone, but they then add quality to people’s immediate living environment. 
And maybe the best of all this: the bill Debbie and other natural disasters would present to government, industries and insurers could be much lower.
Rob Roggema is professor of Sustainable Urban Environments, University of Technology Sydney and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/rob-roggema-351369" target="_blank">here</a>.
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