A prominent developer has told an Australian Property Council forum that there is a real danger of over-supply of unsuitable apartments.
Changes to developer-funded contributions will be a welcome boost for communities and homebuyers.
Think of a residential estate and what does your mind turn to? Manicured lawns and new builds? Landscaped open space? Kids kicking a ball on gently curving roads? What about an opportunity to tackle one of society’s greatest social and health challenges? That’s the unlikely challenge that arises out of a growing body of research that finds badly-designed urban environments — anonymous high-rise living, for example, or so-called food deserts where all shops are a driving distance from homes — markedly increase loneliness. And loneliness is now considered an epidemic in Australia, as well as being as risky to our health as obesity. The issue is
Leading industry bodies have welcomed a Federal Government commitment to support a “game -changing” City Deal for South East Queensland. On the same day that the Queensland Government and a Council of Mayors (SEQ) unveiled a TransformingSEQ blueprint with the potential to stimulate the Queensland economy by up to $58 billion, Prime Minister Scott Morrison and Minister for Cities, Urban Infrastructure and Population Alan Tudge announced their support for a City Deal. The Federal Government had been due to be officially presented with the blueprint on Wednesday and the pre-emptive support was well received by the Property Council of Australia. “We congratulate the
The Property Council of Australia has released its latest Office Market Report – and it’s positive news for Perth’s CBD and its fringes. Cannings Purple Corporate Affairs Director and property expert Fran Lawrence, who moderated the expert panel for the report’s launch, analyses the key findings and snapshots and considers the outlook for 2019. Perth is coming back. That was the message from CBRE Senior Director Advisory & Transaction Services Andrew Denny in his keynote address at the launch of the PCA’s benchmark Office Market Report, which revealed Perth CBD office vacancy rates had dropped to their lowest point in more than
Space can be a funny thing. On one hand, it’s a totally finite concept with set dimensions and limitations. On the other, few commodities are as fluid when we opt to change our way of thinking. I was reminded of this again recently when I moderated a Property Council of Australia event on the Future of Space. Any idea who the biggest private office tenant in Manhattan, London and Washington is? If you answered WeWork, then you’re ahead of the curve. If you haven’t heard of WeWork, well watch this “space”- because it is coming to Perth and will significantly change our office
From floorplans to appraisals, sales to construction, proptech has become a lucrative, disruptive force, writes Lauren Pow — but is the Perth property industry ready? The property market isn’t immune to the disruption of technology. As with every other sector, the use of artificial intelligence, robotics, automation and machine learning are changing the way things have are done, and that can make some in the industry uncomfortable. Property has always been a long-term play, from the five-plus years needed to develop to the 20-year cycle for many investments. But with technology shifting on a more rapid cycle, it is moving at a
On Thursday 2 August, the Property Council of Australia (PCA) released its latest Office Market Report – providing the latest snapshot of the performance of key CBD and CBD fringe office markets around Australia. Cannings Purple Corporate Affairs Director Fran Lawrence moderated the expert panel discussing the latest report for the PCA WA, and provides a wrap on the key takeaways for the Perth property sector. After a grim few years, the Perth office leasing market is showing signs of shaking off the gloom and finding its feet again. Just ten years ago, Perth had the lowest office vacancy rate on record –
Corporate Affairs Director Fran Lawrence looks at the announcement for an independent body, which should — finally — take the politics out of planning. Earlier this year, WA Premier Mark McGowan officially launched plans for a new capital works advisory body designed to take the politics out of planning the State’s biggest investments. To be known as Infrastructure WA, the new body is tasked with developing a 20-year infrastructure strategy that identifies areas of growth and opportunity and maps out the investment required to support it. The announcement, at a Property Council of Australia (PCA) breakfast, was one that had been an election