<a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> has announced that its <a href="https://www.apartments.com.au/new-townhouses/lovedale-farm-1054-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a> residential, resort and golf project has secured $24.6 million in sales in just three weeks since the opening of its display home, underscoring the appetite for premium lifestyle property in the Hunter Valley countryside.

The sales milestone has been driven by a diverse mix of buyers, including owner-occupiers and investors from Sydney, Newcastle and the local Hunter region, purchasing both land-only lots and house and land packages across the development.

<img alt="Lovedale" data-entity-type="file" data-entity-uuid="e173edc9-e60e-4f19-a060-9dc4421a3233" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LovedaleFarm_20250215-1.jpg?VersionId=1LY6CvOaD.Dzrt8tWpWxXtPyfchixNIo" />

&nbsp;

The result builds on the momentum generated at the display home opening on 22 March, which attracted more than 460 attendees.

With house and land pricing from $1.14 million, Lovedale Farm continues to attract strong interest from buyers seeking a premium lifestyle offering at a compelling price point. The development’s vision, a championship golf course, future epicurean village and access to the Hunter Valley’s celebrated wine country, has resonated with a broad buyer profile, from first-time investors to those looking to make the move and call the Hunter Valley home.

<img alt="Lovedale Farm records $21.4 million in sales in three weeks" data-entity-type="file" data-entity-uuid="b358e789-e1eb-40ed-8105-ed5c8297136f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/20260321LovedaleFarmDisplayHomeOpening--6.jpg?VersionId=6GUO8TNnxuELONrsM6n9imDB6oc82Bor" />

Jim Hunter, Managing Director of Capital Corporation said the response since opening the display home has been encouraging.

"To reach $24.6 million in sales in just three weeks speaks to the genuine demand for a lifestyle community of this calibre in the Hunter Valley," Hunter says.

"We’re seeing buyers from across the region and beyond, including investors who recognise the long-term value, and owner-occupiers who simply want to live somewhere truly special.

“Lovedale Farm is two decades in the making, and the market’s response is everything we hoped for. We’re excited to see these first buyers become part of the Lovedale Farm story from the very beginning."

<img alt="Lovedale" data-entity-type="file" data-entity-uuid="54d985cf-2ac2-400b-ac02-4401f3421ac7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/20260321LovedaleFarmDisplayHomeOpening--5.jpg?VersionId=3866bPoqpLZsm.3ACg9EafAr1W3miC_f" />

&nbsp;

Spanning 240 hectares on Wine Country Drive in <a href="https://www.apartments.com.au/developments/lovedale-nsw-2325">Lovedale</a>, the $1 billion development is expected to deliver around 1,250 jobs during construction and inject more than $300 million into the local economy. The first 200 homes and championship 18-hole golf course are anticipated for completion in late 2027.

Capital Corporation has also lodged development plans for the Lovedale Farm clubhouse, set to become a vibrant hub for residents and the wider Hunter Valley community. Further releases are planned for later this year.

[smartcode_project_cta:default project_id=14476]

Joel Robinson

Lovedale Farm display home opening triggers $24.6 million in sales in three weeks

Prominent Malaysian developer <a href="https://www.apartments.com.au/developers/osk-property">OSK Property</a> has unveiled <a href="https://www.apartments.com.au/new-apartments/aura-at-melbourne-square-7-hoff-boulevard-southbank-vic-3006">Aura</a>, the next stage of its $3.5 billion Melbourne Square precinct in Southbank, continuing its push into wellness-led, amenity-rich apartment living.

The $800 million tower, planned for 7 Hoff Boulevard, will rise 67 storeys and deliver 673 apartments, with COX Architecture drawing on both Japanese design principles and Australia’s natural landscape to shape the building’s identity. A rectangular grid aesthetic defines the building’s exterior, with COX drawing design cues from New York high-rises and Tokyo’s skyline.

Aura builds on a growing trend in high-density living, where wellness is no longer an add-on but central to the product. The development is structured around four key pillars, combining calm, minimalist residences with layered communal spaces, landscaped gardens, and a suite of wellness amenities designed to support both physical and mental wellbeing.

[smartcode_project:default project_id=151921 project_image_fid=367465]

At the core of the project is what OSK describes as a vertical wellness ecosystem, a multi-level approach to amenity that integrates health, lifestyle, and social spaces throughout the building rather than confining them to a single level.

The main resident hub, the Aura Club on level seven, will include a pool, cold plunge, spa, gym, Pilates and yoga studios, alongside more lifestyle-driven inclusions like a golf simulator, music rooms, library, and work-from-home spaces. Above, a series of higher-level amenity zones, including the Meridian Club and Cumulus Club, introduce more refined, social and retreat-style environments, with private dining, lounges, and premium wellness spaces positioned to take advantage of city views.

[smartcode_project:default project_id=151921 project_image_fid=367467]

The residences themselves will largely include balconies, a key design move in a market increasingly focused on natural light, airflow, and connection to the outdoors. Views will extend across the CBD, the Arts Precinct, Royal Botanic Gardens, and beyond.

Aura also introduces approximately 1,600 sqm of retail across the lower levels, further activating the Melbourne Square precinct, which already includes Kennedy Park, a Woolworths, childcare, and a growing mix of hospitality operators.

[smartcode_project:default project_id=151921 project_image_fid=367474]

“Aura stands tall as an exemplar of holistic wellness – its focus on social, physical and mental health culminate in a building that is calming, restorative and relaxing, where residents will have their own sanctuary within the well-connected and sought-after <a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>," says&nbsp;OSK Property CEO Chong Boon Woon.

“We have been very encouraged by the market’s response to the BLVD offering, and we know there is a strong demand for the level of amenity, service and design that the Melbourne Square precinct is known for.

“Complemented by work-from-home lounges for professionals, family friendly outdoor garden spaces, and state-of-the-art fitness and wellness facilities, Aura will continue our focus on maximising physical, emotional, and mental wellbeing,” he said.&nbsp;

[smartcode_project:default project_id=151921 project_image_fid=367475]

The project follows the strong performance of BLVD, which is now around 80 per cent sold, and reinforces OSK Property’s long-term commitment to Melbourne Square as a fully integrated, mixed-use precinct.

Construction is expected to commence in late 2026.

[smartcode_project_cta:default project_id=151921]

OSK unveils AURA, the latest stage in Southbank's $3.5 billion Melbourne Square precinct

National developer Time &amp; Place appears to have settled on a design for its long-anticipated Potts Point project.

After several years of back and forth with local council and the NSW Government, the developer, which has spent seven years targeting the former The Chimes site on Macleay Street, has now progressed its plans.

Following a concept design submission last year by SJB, Time &amp; Place has lodged a full State Significant Development Application with the NSW Government, this time for a scheme designed by Kerry Hill Architects.

<img alt="Time &amp; Place" data-entity-type="file" data-entity-uuid="504d2a27-d65f-4227-8189-1e35e3376e62" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-20%20at%209.38.24%E2%80%AFAM.png?VersionId=_XqFKATYHF30KnVByPxhaI9UBzmkmfn7" />

The 16-storey proposal includes 44 apartments, 21 of which will be build-to-sell. These will comprise 19 three-bedroom apartments and two four-bedroom units.

More than 50 per cent of the development will be dedicated to affordable housing, with 23 studio apartments to be delivered in line with the NSW Government’s Housing SEPP.

Kerry Hill Architects said the proposal is driven by a strong response to place.

“Our proposal for a new residential building for Potts Point in Sydney is driven by a deep consideration of place,” the practice said in its submission.

“This operates on multiple levels, including a landscape approach that reinstates endemic flora of the Sydney peninsula and provides a ground-floor garden for residents, reconnecting the site to its pre-European history. A brick podium further strengthens this relationship to context, integrating planting and fine bronze detailing that references the predominant material language of Macleay Street.”

The three-level podium will be topped by a communal resident space, featuring a covered pool designed to receive direct afternoon sun in winter, a neighbouring reflection pool, dining and event areas oriented to maximise sunset views, and an outdoor exercise zone.

<img alt="Time &amp; Place" data-entity-type="file" data-entity-uuid="8d3eedc1-babb-44a3-bd96-d8a42f3adf1f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-20%20at%209.37.48%E2%80%AFAM.png?VersionId=Ii7.4dvqNatu5GQi6bhqNjAswrMB998." />

The design also incorporates highly crafted shopfronts and a clearly defined residential entry to activate the street. Juliette balconies to the podium residences will provide passive surveillance and a strong sense of habitation.

Above, the larger apartments are housed within a light-coloured masonry and bronze tower.

“The tower steps back in a series of gently curved volumes that reference the rich Art Deco context of Macleay Street,” the architects said. “Carefully calibrated vertical fins frame the views while providing privacy and a sense of refuge.”

<img alt="Time &amp; Place" data-entity-type="file" data-entity-uuid="6fab60f4-3140-4469-b47a-48c781e0a30b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-20%20at%209.28.44%E2%80%AFAM.png?VersionId=e5XxrM3kzdASdKlcIACHAHbOSZhSKC9O" />

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in South Melbourne.

The developer has approval for The Burke, a mixed-use project in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>&nbsp;being delivered in partnership with Woolworths. The 60 apartments, positioned above a new Woolworths supermarket, are expected to launch in the coming months. Time &amp; Place is also progressing plans for the redevelopment of&nbsp;<a href="https://www.apartments.com.au/developments/northcote-vic-3070">Northcote</a>&nbsp;Plaza, and have recently submitted plans for a <a href="https://www.apartments.com.au/news/vic/time-place-unveils-plans-22-storey-south-melbourne-tower">22-storey tower</a>, another in South Melbourne.

In&nbsp;<a href="https://www.apartments.com.au/developments/sydney-nsw">Sydney</a>, the developer has two projects in Manly: Two Tides, which is currently under construction, and an ultra high-end building on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach. It is also continuing to work through the redevelopment of The Chimes building on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as Marlborough House, the redevelopment of the original David Jones warehouse building in&nbsp;<a href="https://www.apartments.com.au/developments/surry-hills-nsw-2010">Surry Hills</a>.

First look: Time & Place settles on design for The Chimes, Potts Point redevelopment

<a href="https://www.apartments.com.au/developers/develotek">Develotek</a> is joining the likes of TOGA, Deicorp, and One Global Capital, betting on a boom in Five Dock ahead of the 2032 mooted opening of the Five Dock Metro Station.

Develotek, which is currently developing Bianca on the Drummoyne waterfront and has plans approved for a tower in Chatswood, has filed a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/79-81-queens-road-five-dock-nsw-2046">two-building project in the evolving Kings Bay precinct</a>.

The buildings, one more boutique just five storeys and the other 26 storeys, will rise from an 3,158 sqm site across&nbsp;79–81 Queens Road and 2–8 Spencer Street, will home 134 one-, two-, and three-bedroom apartments, above ground-floor retail and five basement levels of parking.

A key component of the proposal is the inclusion of 15 per cent of residential floor space as in-fill affordable housing, unlocking additional height and density under the Housing SEPP.

<img alt="First Look: Develotek lodges State Significant shop top housing project in Five Dock precinct" data-entity-type="file" data-entity-uuid="3ee31bf7-75ba-4bc5-b190-49885193219f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_2.png?VersionId=730UbrduuwK3C1sO28RHjiLPUPqXqjkh" />

Designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, the scheme adopts a podium-and-tower configuration, with a five-storey street wall along Queens Road transitioning to a 26-storey tower set deeper into the site. The ground plane prioritises activation and permeability, with retail frontages and a new through-site link connecting Queens Road to Spencer Street.

At the upper levels, the tower façade has been conceived using a modular system to support prefabrication and reduce construction waste, while improving build efficiency. The splayed form draws on the geometry of surrounding industrial rooftops, reinterpreting the area’s heritage in a contemporary expression while also helping to reduce solar heat gain to east and west-facing apartments.

“This project aspires to transform a former industrial site into a connected, resilient and people-focused urban community, grounded in Country, shaped by history, and designed to enrich everyday life within the evolving Kings Bay Precinct,” said John Walsh, Principal at Plus Studio.

The proposal reflects the broader transformation of the Kings Bay Precinct under the Parramatta Road Corridor Urban Transformation Strategy, marking a shift from its industrial past to a higher-density, mixed-use urban neighbourhood.

<img alt="First Look: Develotek lodges State Significant shop top housing project in Five Dock precinct" data-entity-type="file" data-entity-uuid="abde734c-1e31-4a97-a1d2-fa9bcf31c380" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/building%20podium.png?VersionId=fNUupP6u146yEytQT31kKVRxwtACgPpP" />

Develotek is emerging as an active participant in the state’s affordable housing-led uplift pathway. The developer recently secured approval for a 34-storey mixed-use tower in Chatswood, where it similarly leveraged the in-fill affordable housing provisions to increase scale and deliver a 101-unit scheme with dedicated affordable apartments.

Their entry into Five Dock places them alongside a growing list of developers targeting the suburb ahead of its anticipated transport uplift, with Sydney Metro set to extend into the area. Major players including TOGA, Deicorp, and One Global Capital are all progressing large-scale precinct-style developments nearby, collectively reshaping the low-rise industrial fabric into a higher-density mixed-use corridor.

The Five Dock site sits within the Kings Bay Precinct, a key renewal area under the Parramatta Road Corridor Urban Transformation Strategy, where planning controls support significant uplift tied to affordable housing delivery. The consolidated 3,158 sqm site is currently occupied by low-rise industrial uses, including warehouses and vehicle workshops, earmarked for transition.

First Look: Develotek joins in Five Dock apartment boom

Ascot’s Racecourse Road continues to be a hive of activity for Brisbane developers.

Following Fortis and GRAYA, which are both preparing new projects along the key strip connecting Kingsford Smith Drive and Eagle Farm Racecourse, local developer <a href="https://www.apartments.com.au/developers/skyhold">Skyhold</a> is the latest to lodge plans for its own development.

The group is proposing One One Two Residences, a boutique project comprising just seven apartments, named after its address at 112 Racecourse Road.

The proposal outlines a five-storey building on an 810 sqm site. The built form slightly exceeds the four-storey expectation under the neighbourhood plan, aligning instead with the emerging character of the strip. As the planning report notes, “the locality is characterised by a transition toward medium-rise residential development, with a number of recent developments… above the stipulated height limits.”

<img alt="First Look: Skyhold lodges plans for boutique Ascot apartments as Racecourse Road revival gathers pace" data-entity-type="file" data-entity-uuid="ec577631-8c51-4163-960e-e7b3a77d655b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ascot.png?VersionId=iAzQ46D4Uu1UqiS0mVnlcy9jeFKBpJIj" />

Designed by 111 with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/paul-bangay-garden-design">Paul Bangay Studio</a>, the scheme adopts a layered architectural approach with strong articulation and a subtropical response. Deep balconies, integrated planters, and a mix of masonry and textured finishes define the façade, while upper-level setbacks reduce perceived bulk. The architectural statement describes “a series of horizontally expressed layers, defined by deep balconies and a consistent robust material palette,” aimed at delivering a refined streetscape presence.

Apartments are configured as large-format residences, including multiple three-bedroom layouts and a full-floor penthouse, supported by ground-level parking. A rooftop terrace will provide communal amenities including a pool and landscaped recreation areas. The design prioritises privacy, natural ventilation, and greenery, with planting integrated across all levels to soften the building form and contribute to the public realm.

<img alt="First Look: Skyhold lodges plans for boutique Ascot apartments as Racecourse Road revival gathers pace" data-entity-type="file" data-entity-uuid="1e1219bd-b45a-4d7f-bbc7-7207d7b2fc94" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ascot%20entry.png?VersionId=JIoUOLMgQ5xWpEF0etEI3ffIoIVjD7gO" />

The proposal sits within the Racecourse Road precinct, a key mixed-use spine in Ascot that continues to attract renewed development interest.

Later this year national developer Fortis will launch its own boutique development, which, pending council approvals, will be 16 apartments designed by Koichi Takada Architects, just down the street.

“Racecourse Road is going through a massive revitalisation and we’re proud to be a part of that transformation,” said Fortis's QLD General Manager, Dan Boman.

Nearby, GRAYA is advancing its larger-scale The Gallery, a mixed-use shop-top housing project designed to act as a “catalytic project for Racecourse Road.”

First Look: Racecourse Road, Hamilton revitalization to continue as Skyhold joins the party

Transport Policy

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GUEST OBSERVATION
Transport models are often singled out as a <a href="https://www.sciencedirect.com/science/article/abs/pii/S0967070X16306606" target="_blank">barrier</a> to providing more sustainable and equitable transport services. However, abandoning transport models would <a href="https://transportfutures.co/in-defence-of-predict-and-provide-1b990a6566fa" target="_blank">most likely weaken planning</a>, not enhance it. But getting the best out of such modelling requires transparency to overcome the increasing problem of its misuse to justify predetermined political decisions.
On the 50th anniversary of the Melbourne Transportation Plan, we review the role of transport modelling as a planning tool. What are models now telling us about the future of Australian cities?
From rational planning …
The 1969 Melbourne Transportation Plan was based on the <a href="https://journals.sagepub.com/doi/10.1177/0739456X9001000105" target="_blank">Chicago Area Transportation Plan</a>, an approach that other Australian cities then adopted. A feature was the extensive collection of travel data, often for the first time. Newly available computer models were then used to predict travel demand, which the plan sought to accommodate.
This is often referred to as the “rational” or “predict and provide” approach to transport planning.
By today’s standards, the goals of the ’69 plan sound like a utopian dream of free-flowing freeways and frequent, comfortable public transport services. It assumed a population living in detached housing on quarter-acre blocks.
Melbourne’s “solution”, and that of many other cities, was to build an extensive freeway network. The car took over from the rail system as the primary mode of travel.
Today’s reality shows this has been no solution to the seemingly intractable problems of congestion and overcrowding, coupled with inequitable access to services, jobs and other opportunities.
… to political mandates
In response, it seems Australian transport agencies have abandoned the preparation of comprehensive transport plans. Gone are the days of foreshadowing projects decades into the future, with land for these road and rail projects being reserved in the planning scheme.
We <a href="https://theconversation.com/we-hardly-ever-trust-big-transport-announcements-heres-how-politicians-get-it-right-101246" target="_blank">operate in an era where political mandates</a> have replaced comprehensive planning. Transport models are no longer used to plan for the future. Instead, they are used to justify the most recent announcement.
The nexus between transport models and the justification of controversial projects results in much critical commentary. The models become guilty by association.
It is true model outputs are far from infallible. One problem is that models depend on key input assumptions such as future population. The ’69 plan, for example, assumed Melbourne would reach a population of 3.7 million by 1985, but this didn’t occur until 20 years later.
The early models also <a href="https://www.audit.vic.gov.au/report/managing-traffic-congestion?section=" target="_blank">ignored the problem of induced demand</a> – the tendency of new transport infrastructure itself to generate additional demand.
Aside from the inherent challenge of predicting the future, models suffer from the problem of “strategic misrepresentation” – more simply, <a href="https://www.propertyobserver.com.au/https://repository.library.georgetown.edu/handle/10822/833099" target="_blank">lying</a>. This can occur when models are called upon to justify a predetermined political decision.
The best safeguard against such behaviour is transparency. This is achieved by making the detailed modelling results available for peer review. Under these conditions, models can provide useful planning intelligence.
More of the same is a poor plan
A recent Infrastructure Australia <a href="https://www.infrastructureaustralia.gov.au/publications/urban-transport-crowding-and-congestion" target="_blank">report</a> predicts worsening road congestion and public transport crowding over the coming decades in all Australian capitals. These predictions are the result of the lack of endorsed strategies to deal with population growth coupled with Australia’s dependence on the private motor vehicle. Indeed, the report highlights many examples where major new road projects will worsen congestion by encouraging more car use.
A lesson from the past 50 years is that Australia’s major capitals occupy large areas by world standards and are ill suited to a transport strategy based on <a href="https://chartingtransport.com/2011/08/20/whats-happening-with-car-occupancy/" target="_blank">low-occupancy vehicles</a>. It isn’t surprising “Europeanesque” inner suburbs based around walking, cycling and public transport are increasingly <a href="https://www.pwc.com.au/press-room/2018/citypulse-melbourne" target="_blank">valued</a> as preferred places to live.
Can modelling be blamed for our collective failure to devise a realistic plan to accommodate our cities’ growing populations? At what point does the reality of everlasting congestion trump predictions of incremental travel time savings?
US President Dwight Eisenhower once <a href="https://www.presidency.ucsb.edu/documents/remarks-the-national-defense-executive-reserve-conference" target="_blank">said</a>: “Plans are worthless, but planning is everything.” Intuitively we know the pressure of population growth and the climate emergency demand a considered response. The recent work of Infrastructure Australia provides a prediction of the scale of this challenge.
We urgently need a sensible discussion about developing a realistic plan to deal with this challenge. Doing more of the same, as we have done over the past 50 years, doesn’t sound like a solution to us.
A public event to mark the 50th anniversary of the Melbourne Transportation Plan will be held on December 12 2019, hosted by RMIT University and supported by Swinburne University, Monash University and the University of Melbourne – <a href="https://cur.org.au/events/looking-back-and-going-forward-the-melbourne-transport-plan-50-years-on/">details here</a>.<img src="https://counter.theconversation.com/content/127720/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Eric Keys, PhD Researcher, Centre for Urban Research, RMIT University.
Chris De Gruyter, Vice-Chancellor's Research Fellow, RMIT University.
Graham Currie, Professor of Public Transport, Director Public Transport Research Group, Director Monash Infrastructure, Adjunct Professor, Monash Art Design and Architecture, Monash University.
This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/the-problem-with-transport-models-is-political-abuse-not-their-use-in-planning-127720">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

The problem with transport models is political abuse, not their use in planning

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The new transport projects governments are constantly announcing are expensive. In the recent New South Wales and Victorian elections, the returned state governments’ transport infrastructure promises added up to A$165 billion.
What’s mostly missing from the promised transport solutions is smart technology that provides higher benefits at a fraction of the cost – when retrofitting existing roads in particular. The benefit-to-cost ratio can be more than a dozen times greater than for a new road.
Clearly, infrastructure spending helps to drive the economy. These projects also deliver benefits to the community, including increased road safety, shorter travel times and fewer delays.
The economic merit of these projects is usually captured using a benefit-to-cost ratio (BCR). For example, the BCR of the <a href="https://www.theage.com.au/politics/victoria/big-projects-bigger-bills-massive-construction-boom-comes-at-a-cost-20190610-p51w5d" target="_blank">A$15.8 billion</a> <a href="https://bigbuild.vic.gov.au/projects/north-east-link" target="_blank">North East Link</a> road project in Melbourne is estimated to be <a href="https://www.theage.com.au/national/victoria/north-east-link-at-risk-of-becoming-financial-disaster-economist-20190726-p52b6a" target="_blank">1.25</a> – for every A$1 invested, A$1.25 is returned in benefits to the economy and community. For the Melbourne Metro rail tunnel, a best-case <a href="https://metrotunnel.vic.gov.au/about-the-project/faq" target="_blank">BCR of 3.3</a> has been reported.
But are we getting good value for money? Could cheaper alternatives deliver more benefits?
<h2>Technology offers smarter, cheaper solutions</h2>
Technology offers transport solutions that provide higher benefits at a fraction of the cost of building new infrastructure. Collectively known as <a href="https://www.youtube.com/watch?v=XOMamTXK5T8" target="_blank">intelligent transport systems</a>, these are widely recognised today as better answers for smart transport outcomes.
When <a href="https://www.mckinsey.com/industries/capital-projects-and-infrastructure/our-insights/infrastructure-productivity" target="_blank">comparing</a> different “congestion-busting” options, “building more roads” provides, on average, a BCR of 3.0. This is dwarfed by the much higher BCR values of tech solutions.
<a href="https://images.theconversation.com/files/300779/original/file-20191107-10952-17um5x0.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/300779/original/file-20191107-10952-17um5x0.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
<a class="source" href="https://books.google.com.au/books/about/Low_Carbon_Mobility_for_Future_Cities?id=g8NIDgAAQBAJ&amp;source=kp_book_description&amp;redir_esc=y" target="_blank">Source: Low Carbon Mobility for Future Cities: Principles and Applications (Dia, H. ed, 2017), adapted from Infrastructure Productivity: how to save $1 trillion a year (McKinsey, 2013)</a>, Author provided
<a href="https://www.fhwa.dot.gov/innovation/everydaycounts/edc-1/asct.cfm" target="_blank">Adaptive traffic signal control</a> allows <a href="https://youtu.be/lZtOgqbNMVE" target="_blank">traffic signals</a> to change based on actual traffic demand. This yields, on average, a BCR of 40.
Traffic signals along a route can be coordinated to create “<a href="https://youtu.be/PQ-HBC6QGHo?t=12" target="_blank">green waves</a>” for platoons of vehicles to travel without stopping. These solutions are effective for congested cities that experience rapid traffic growth and changing traffic patterns.
<a href="https://www.itsinternational.com/sections/nafta/features/integrated-corridor-management-to-enhance-travel-efficiency/" target="_blank">Corridor management systems</a> use technology to control networks of motorways and urban roads. The average BCR is 24.
On <a href="https://www.vicroads.vic.gov.au/traffic-and-road-use/traffic-management/managed-motorways" target="_blank">managed motorways</a>, <a href="https://www.vicroads.vic.gov.au/traffic-and-road-use/traffic-management/managed-motorways/coordinated-ramp-signals" target="_blank">ramp signals</a>, <a href="https://www.youtube.com/watch?v=4aUyMJwZ8_s" target="_blank">variable speed limit signs</a> and <a href="https://www.vicroads.vic.gov.au/traffic-and-road-use/traffic-management/managed-motorways/traveller-information-for-motorists" target="_blank">traveller information systems</a> are <a href="https://youtu.be/iFL2CZfJZD8" target="_blank">proven tools</a> to respond in real time to changing traffic conditions. In <a href="https://www.transmax.com.au/wp-content/uploads/2018/01/Case-Study_Smart-Motorways-.pdf" target="_blank">one case</a>, a managed motorway reduced travel times by 42% and accidents by 30%.
<a href="https://www.vicroads.vic.gov.au/traffic-and-road-use/traffic-management/managed-motorways/lane-and-speed-management-for-incidents" target="_blank">Traffic incident management</a>, which has a BCR of 21, includes technologies that aid quick detection and removal of crashes. They also detect other incidents such as broken-down vehicles or spilled loads that reduce road capacity. The systems rely on smart <a href="https://www.sciencedirect.com/science/article/pii/S0968090X97000168" target="_blank">software</a> that analyses sensor data in real time.
<a href="http://ntimc.transportation.org/Pages/NTIMCPublicationsandProducts.aspx" target="_blank">Benefits</a> include a 40% reduction in time to detect incidents. The technology also <a href="http://ntimc.transportation.org/Documents/Benefits11-07-06.pdf" target="_blank">reduces incident duration by 23%</a> and <a href="https://www.propertyobserver.com.au/https://trid.trb.org/view/481658" target="_blank">road crashes by 35%</a>.
<h2>Combining tech solutions magnifies benefits</h2>
When solutions are combined, benefits are amplified. The <a href="https://sunguide.info/annual-reports/district-six-its-annual-report/" target="_blank">Florida Department of Transportation</a> implements a transport technology program on its networks. The solutions include incident management, ramp signalling, traveller information and <a href="https://www.youtube.com/watch?v=mdVDEU5UVb4&amp;feature=youtu.be&amp;t=50" target="_blank">express lanes</a>. Reduced incident duration and traffic delays are among the key benefits.
In 2018, the benefits of this program totalled almost <a href="https://sunguide.info/reports/annual-reports/District-Six-ITS-Annual-Report/2018-District-Six-ITS-Annual-Report.pdf" target="_blank">US$3.1 billion</a> (A$4.5 billion). The costs were <a href="https://sunguide.info/reports/annual-reports/District-Six-ITS-Annual-Report/2018-District-Six-ITS-Annual-Report.pdf" target="_blank">US$70.3 million</a> (A$102 million). That’s a BCR of 43.7.
<a href="https://images.theconversation.com/files/300555/original/file-20191107-12506-jk28cf.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/300555/original/file-20191107-12506-jk28cf.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Benefit-cost ratios of transport technology solutions implemented over a decade by Florida Department of Transportation. Author provided
In the UK, the <a href="https://www.mckinsey.com/%7E/media/McKinsey/Industries/Capital%20Projects%20and%20Infrastructure/Our%20Insights/Infrastructure%20productivity/MGI%20Infrastructure_Full%20report_Jan%202013.ashx" target="_blank">cost</a> of implementing technology solutions on the <a href="https://www.roads.org.uk/motorway/m42" target="_blank">M42 motorway</a> was US$150 million (A$218 million) and took two years to complete. Widening the road to produce the same outcome would have taken 10 years and cost US$800 million (A$1.16 billion).
<h2>A shift in priorities is needed</h2>
Considerable investment in transport infrastructure is still required. It should be guided by strong business cases and aligned with community values and expectations.
However, technology is getting to the point where it’s making a serious difference in tackling the mega challenges facing our cities. Its role must be prioritised.
The benefits are compelling. Intelligent technology systems improve the use of existing assets and increase their operational life. They enhance traveller experience and reduce reliance on building new roads. And they deliver superior value for money.
But widespread deployment of these technologies is still limited. To spur change and unlock value, we must move beyond a project-by-project approach.
<h2>Learn from the best</h2>
Governments can be guided by <a href="https://itif.org/publications/2010/01/09/explaining-international-it-application-leadership-intelligent" target="_blank">leading nations</a> in this field such as South Korea, Japan and Singapore. Their citizens experience the benefits every day. Smart transport solutions improve their quality of life through easier travel, less congestion and more reliable services.
The recurring policy themes in these countries include a national vision of smart infrastructure and commitment to funding. They prioritise investment in research and trials, standards development and partnerships with industry. These are key factors in the success of their tech-driven transport solutions.
These are the policies and investments Australia should prioritise. They will modernise our transport systems in innovative ways that lift our economy and living standards.<img src="https://counter.theconversation.com/content/125718/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/hussein-dia-110689" target="_blank">Hussein Dia</a>, Professor of Future Urban Mobility, <a href="http://theconversation.com/institutions/swinburne-university-of-technology-767" target="_blank">Swinburne University of Technology</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/smart-tech-systems-cut-congestion-for-a-fraction-of-what-new-roads-cost-125718" target="_blank">original article</a>.
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