building activity edm hero.jpg

Building activity ended 2022 as it had spent much of the year—down—falling by 1.6 per cent for&nbsp; the December 2022 quarter.The data from the ABS construction activity report for the quarter showed that national building activity declined during the quarter to $30,578.6 million compared to the September quarter. Engineering activity, which usually encompassed infrastructure activity, increased by 1 per cent to $24,693.5 million for the last quarter of 2022.Within the building activity segment, residential building activity increased by 0.9 per cent nationally during the quarter compared to the previous quarter while non-residential building activity decreased by 5.1 per cent.Detached house construction activity (which does not include the data for apartment construction) decline 1.4 per cent.BIS Oxford Economics global construction forecasting head Nicholas Fearnley said that decline was down to issues in the industry.“The 1.4 per cent fall in house construction activity shows that capacity constraints are hampering activity levels, and points to the elevated backlog of work that has developed over the past two years and that will continue to support construction activity for some time,” Fearnley said.Despite the fall in non-residential building activity, Feranley said he did not expect this decline to continue this year.“We expect activity to firm over 2023, supported by a sizeable pipeline of public projects including schools, train stations and hospitals,” he said.&nbsp;“Sectors hit hard by the border closure and movement restrictions are also expected to rebound while the tailwind behind asset classes that have benefited through the pandemic, including warehouses and data centres, is set to persist.”New South Wales and Western Australia recorded increases in building activity with 1.3 per cent and 5 per cent respectively.Victorian building activity declined by 2.5 per cent, Queensland was down 1 per cent, South Australian by 8.6 per cent, Tasmanian 3.5 per cent, Northern Territory 6.5 per cent and the Australian Capital Territory’s declined 7.9 per cent.However, comparison with the December 2021 quarter tells a different story.Building activity in NSW, WA and Victoria has increased compared to the last quarter of 2021, up in 2022 by 1.8 per cent, 6.8 per cent and 3.8 per cent respectively.&nbsp;On a year-on-year basis for the quarter, Queensland’s building activity dropped by 3 per cent, South Australia’s was down 5.5 per cent, Tasmania’s declined 2.3 per cent, the Northern Territory down 18.9 per cent and the Australian Capital Territory’s lost 12 per cent. Change in building activity<table border="0" style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset; float: left; height: 584.5px;" class="mce-item-table" data-mce-style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset; float: left; height: 584.5px;"><tbody><tr style="height: 104.5px;" data-mce-style="height: 104.5px;"><td style="width: 33.1614%; height: 104.5px;" data-mce-style="width: 33.1614%; height: 104.5px;">State or territory</td><td style="width: 33.6715%; height: 104.5px;" data-mce-style="width: 33.6715%; height: 104.5px;">Change in activity from September 2022 to December 2022 (%)</td><td style="width: 33.1672%; height: 104.5px;" data-mce-style="width: 33.1672%; height: 104.5px;">Change in activity from December 2021 to December 2022 (%)</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">New South Wales</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">1.3</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">1.8</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Victoria</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-2.5</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">3.8</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Queensland</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-1.0</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-3</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">South Australia</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-8.6</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-5.5</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Western Australia</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">5.0</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">6.8</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Tasmania</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-3.5</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-2.3</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Northern Territory</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-6.5</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-18.9</td></tr><tr style="height: 81px;" data-mce-style="height: 81px;"><td style="width: 33.1614%; height: 81px;" data-mce-style="width: 33.1614%; height: 81px;">Australian Capital Territory</td><td style="width: 33.6715%; height: 81px;" data-mce-style="width: 33.6715%; height: 81px;">-7.9</td><td style="width: 33.1672%; height: 81px;" data-mce-style="width: 33.1672%; height: 81px;">-12.0</td></tr></tbody></table>Source: Construction Work Done, Preliminary Report, February 2023, Australian Bureau of Statistics&nbsp;&nbsp; Fearnley said it was not expect the changes in demand for housing would show in the data for another few years.“Demand for new homes, however, has fallen significantly in response to building costs, delays and credit availability,” he said.“This isn’t expected to materially affect the work done numbers until the back end of 2024 and 2025.”Engineering activity increased by 1 per cent in the December 2022 quarter driven by increased government investment in infrastructure projects.“Activity is forecast to grow over the coming years, supported by a large pipeline of publicly funded transportation projects,” Fearnley said.He said pricing would also gradually improve as the market reacted to inflation and other factors.“Ultimately, higher prices encourage a supply response, as higher wages attract more workers to the construction sector and stronger material prices encourage suppliers to bring more capacity online,” Fearnley said.“The strong demand for construction activity, both domestically and globally, over the coming years ensures that the supply side response to high prices is unlikely to create a ‘whipsaw’ effect, whereby we see a sharp fall in construction costs.”Data in the report is collected directly from a survey of organisations and entities within the construction industry, with an average response rate of 85 per cent.&nbsp;Recent reports have seen a response rate of 70 per cent according to the ABS, signalling that further corrections to estimates and figures may need to be made.

Infrastructure projects seemingly took over in the fourth quarter of 2022, as the latest ABS data shows a drop in national building activity...


[+] hero tas museum reno web.jpg

Michael Power had a problem.He needed ox hair, lots of it. But there hadn’t been oxen, or bullocks, in any great numbers in downtown Hobart for 120 years.He could have substituted horsehair—he liked to keep a couple of bags of it around, just in case—but he didn’t have nearly enough, he realised as he apraised the challenge ahead at the heritage site.“It’s easy enough to find and I’ve got a couple of people who supply me, but I wouldn't have had enough for this job. People just throw it out.“Perhaps if I’d had a couple of years to notify everyone…”He thought about goat hair, which he’d imported from the United Kingdom in the past, but when he phoned his supplier they had run out. And in any case, last time there had been all that trouble with the Australian Border Force. He hadn’t seen his goat hair for weeks.Meanwhile, about 15m away and up on the roof of the same building, James Barker and son Django were facing their own challenges.It is possible to purchase the 40mm copper clouts they wanted in Australia, but not in the volume they needed. They eventually found the nails in Belgium—all 40,000 of them.“Yeah, pretty much all of the materials, the copper rivets, all the fixings that we use, everything’s either out of Europe or the US,” Barker says.<div id="38vbGsZuflfzCd68Vg2Swu"><picture><img src="//images.ctfassets.net/8pr762qjocl3/7k8oy9R8skTcfmBhEnDM2X/aa8ebd7f17aa1b894d54a28fbba24410/4.jpg" alt="Roofing plumber James Barker and son Django working on the bond store roof." data-mce-src="//images.ctfassets.net/8pr762qjocl3/7k8oy9R8skTcfmBhEnDM2X/aa8ebd7f17aa1b894d54a28fbba24410/4.jpg"></picture><div>▲ Roofing plumber James Barker and son Django working on the bond store roof.&nbsp; </div></div>Barker is a roofing plumber by trade and Power a solid plasterer. Together, they are heritage tradespeople—highly skilled in an increasingly small world—and their challenges for this latest job are not just sourcing materials, but the sheer numbers involved.Those copper clouts were needed to secure 22,000 slates to about 3500m of battening across more than 600sq m of roof. And don’t forget almost three tonnes of lead for the ridging, valleys and box gutters.&nbsp;In the middle of next month, the two men and their teams will finish the job renovating key elements of Hobart’s Tasmanian Museum and Gallery (TMAG) which safeguards about&nbsp;800,000 objects as diverse as fossils and fine art.Australia’s second-oldest museum began life in the 1820s as a warehouse storing supplies for the Van Diemen’s Land colony, including dry goods such as grain and bonded goods including tobacco and spirits.For a while it housed&nbsp;the country’s oldest scientific society, the Royal Society of Tasmania.Fast forward 200 years when in April commercial builders Hansen Yuncken won a $2.5-million tender from the Tasmanian government to replace the slate roof of the bond store and re-render the exterior to preserve the historic brickwork.“For us this job is a complete change from the status quo,” project manager Alexander Swift says.“A typical construction for Hansen Yuncken is complex, concrete and structural steel, big… that’s our bread and butter.“But this is about slowing down and trying to understand how things would have been done previously. Trying to understand their methods, really delving deep into detail, leveraging off our specialist tradespeople and then trying to facilitate works so they can best do their artistry.”<div id="35Gvtz3dIU2KZKCn4ATaWh"><picture><img src="//images.ctfassets.net/8pr762qjocl3/5rwqgY5k0mRfku22NGeOOx/97f3a7b698f4cbd74591c4bf9764740a/5.jpg" alt="Purcell architects and heritage consultants’ Lucy Burke-Smith on site." data-mce-src="//images.ctfassets.net/8pr762qjocl3/5rwqgY5k0mRfku22NGeOOx/97f3a7b698f4cbd74591c4bf9764740a/5.jpg"></picture><div>▲ Purcell architects and heritage consultants’ Lucy Burke-Smith and Hansen Yunken project manager Andrew Swift on site. </div></div>Lucy Burke-Smith, an associate partner with Purcell architects and heritage consultants, says the origins of the job go back to 2018, when Purcell&nbsp;was&nbsp;called in to address some rising damp and salt attack issues within&nbsp;the walls of the&nbsp;bond&nbsp;store.And then the rain came. On May 11 that year, more than 200mm fell on Hobart, much of it in one six-hour period.The extreme flooding caused movement in the historic Watergate wall, a brick-and-stone structure with a centrally positioned entrance built in 1826 to connect the bond store to the adjacent commissariat building.“So the package [of work] really got extended at that point, not only to deal with the bond store, but the imminent risk of a potential collapse of the Watergate wall, which is an incredibly significant feature,” said Burke-Smith.&nbsp;Hansen Yuncken has something of a track record with complex heritage projects in Tasmania, including the Port Arthur penitentiary precinct conservation program and, more recently, the Hobart’s Anglesea Barracks, the oldest Australian army barracks still in use.“Those projects sort of opened my eyes to this heritage world and allowed me to embrace the skills and the sensitivities and sympathies that are required to undertake this sort of work,” Swift said.He, Burke-Smith, Power and Barker have worked together before, on a variety of heritage projects. The respect for each other is clear.<div id="35Gvtz3dIU2KZKCn4ATaWh"></div>“It’s one thing to be able to scope and specify and nominate the schedule of work,” says Burke-Smith, “but one of the challenges that I think that the contractors face in delivering this, is how to program it all.&nbsp;“So for example, if you take quite simply just the preparation of some of the lime mortars that are used in conservation projects like this, it’s not something that you typically buy off the shelf, when we’re looking to gather all of the components.”<div id="5BCjII5S84yECK0KLoGTop"><picture><img src="//images.ctfassets.net/8pr762qjocl3/7w4MjV4NiGY5KywXNm60vf/92b9c90058218bf533c2433839fe42dd/3.jpg" alt="Solid plasterer Michael Power: " data-mce-src="//images.ctfassets.net/8pr762qjocl3/7w4MjV4NiGY5KywXNm60vf/92b9c90058218bf533c2433839fe42dd/3.jpg"></picture><div>▲ Solid plasterer Michael Power and fibre is mixed with the plaster for the heritage restoration. </div></div>Sand, for example.Power, a 60-year-old Irishman from County Waterford, imported sand from Newcastle in New South Wales, where he’d spent his first years in Australia.“I could have used the local sand,” he says. “I still would have had to import it from northern Tasmania and I would have had to mix it. But that’s just sort of a tradesman’s thing.&nbsp;“Newcastle has this very good stuff called Rosebrook sand. And I got that for a couple of reasons, it’s well graded and it’s clean. And I suppose I had an opportunity with a job of this size and I wanted to work within a setting that I was comfortable with.“It’s a really good sand.”The convicts, he says, probably used silt from the river, which 200 years ago would have come right up to the building’s edge.“They didn't have the opportunity to go around and source all the good sands like we had. Which could be why the render hasn’t lasted.”<div id="2AwQ7PBaSExl8Zriusxigg"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2JEZJZUh8zPZ3oCs0Wh5Xu/38dc4f6d6701f8f1fa290445c528cf0c/1.jpg" alt="The Watergate wall and bond store at the Hobart museum and gallery precinct." data-mce-src="//images.ctfassets.net/8pr762qjocl3/2JEZJZUh8zPZ3oCs0Wh5Xu/38dc4f6d6701f8f1fa290445c528cf0c/1.jpg"></picture><div>▲ The Watergate wall and bond store at the Hobart museum and gallery precinct. </div></div>Power says he spent a lot of time asking himself: “What would they have done?”.Back on the roof, James Barker had wanted Welsh slate—produced in the giant Penrhyn quarry since the 13th&nbsp;century and highly regarded for the consistency of its colour and texture.&nbsp;Heritage architect Burke-Smith says it was commonly used in early Australian roof construction, first arriving in the colonies as ballast in the hulls of trading ships.But Barker found it was impossible to get.“I’m sure if we were in Europe, we might be able to get it,” he said.&nbsp;&nbsp;“But the quarries are running short of it in Wales. And we’re at the bottom of the world.“I got a generic email from my supplier probably two months ago, begging us to stop asking when it was going to be coming back online. There is none in Australia.”He chose Spanish Del Carmen slate from the&nbsp;Cabrera Mountains of north-west Spain,&nbsp;instead.And got on with the job of looking for copper rivets with a star-shaped head (most in Australia are hexagonal) and a rubber grommet to waterproof the fastening.&nbsp; Again, he found them in Belgium, where there’s an unbroken tradition of slate rooves and copper fixtures.He says it has been a great job.“It was certainly an enjoyable job for us. And very, very challenging. But those two things go hand in hand—if it’s challenging, we enjoy it more. So yeah, from our point of view, it’s been a lot of fun.”Both tradies say there’s no shortage of heritage work and are booked until mid-2024. Each is doing his part to ensure their disappearing skills survive a little longer.<div id="5dRMcL4tY5RjSIntNmSbMe"><picture><img src="//images.ctfassets.net/8pr762qjocl3/oexliWvTMFEmc0VzJSP1P/23b567edc4940dd9e0f7c0402e730aca/2.jpg" alt="The Barkers’ trade is not one for those with a fear of heights." data-mce-src="//images.ctfassets.net/8pr762qjocl3/oexliWvTMFEmc0VzJSP1P/23b567edc4940dd9e0f7c0402e730aca/2.jpg"></picture><div>▲ James and son Django’s trade is not one for those with a fear of heights. </div></div>Barker, whose grandfather owned a quarry in the Beqaa Valley in eastern Lebanon, has apprenticed his 20-year-old son who becomes the fourth generation to work stone and slate.“He’s really embracing it, which is great. It was part of the deal for me to take him on as an apprentice. It was really important for me that he was making his own path.”Power boasts he has the only solid plastering apprentice in Tasmania, although he has to send him to Victoria to complete his TAFE component.Earlier in the year the two spent three months preparing the mix of three parts sand to one part of lime putty, which then sat under water in sealed containers to cure. While he waited Power experimented with iron sulfate through limewashes—just the way convicts would have done it—to try to replicate the original orange colour. It would have been easier to use an oxide, but he says oxides tend to fade.And he searched for 1000 hand-made, replacement bricks, soft enough so as not to disturb the original bricks they’d be resting against in Watergate wall. He found a man in South Australia who makes five or six bricks a day, and who agreed to produce a mix of three different sizes, because no two convict bricks are exactly the same size and shape.And he looked for animal hair.“In the end we used a manufactured hair, polypropylene. Obviously that’s not heritage, but we just couldn’t get enough animal hair,” he concedes.And it’s an honest alternative to teams of bullocks grazing the waterfront at Sandy Bay. <hr> Main image of the museum courtyard by John Gollings AM <a href="gollings.com.au" target="_blank" rel="noopener" data-mce-href="gollings.com.au">gollings.com.au</a> <a href="gollings.com.au" target="_blank" rel="noopener" data-mce-href="gollings.com.au">johngollings.com</a> <hr> You are currently experiencing The Urban Developer Plus (TUD+), our premium membership for property professionals. <a href="https://www.theurbandeveloper.com/membership-plans" data-mce-href="https://www.theurbandeveloper.com/membership-plans">Click here to learn more.</a><div id="2GhuueZl01Zwo2aFfjNVi2"><picture><img src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg" alt="TUD + Banner" data-mce-src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg"></picture></div>

In the middle of next month, two heritage tradies and their teams will finish  job renovating key elements of Hobart’s Tasmanian Museum and Gallery (TMAG) which safeguards about 800,000 objects as diverse as fossils and fine art.  It's not been without it's challenges.

Hero Image Re-size (920x600).jpg

The Federal Labor government has announced a $9.6-billion infrastructure spend across Australia as part of its first Budget.The record funding encompasses rail and road projects and makes good on promise by now-Prime Minister Anthony Albanese in the run-up to the May election.Albanese said that “sound and planned infrastructure investment in Australia creates jobs, builds opportunity and unlocks economic growth and productivity for our cities and our regions”.“It’s about making journeys quicker, but also making sure people can get home to their families safely,” he said during the announcement on Sunday.“Through our first Budget, my team is getting on with the job of delivering projects in consultation with Infrastructure Australia and all levels of government to make a real difference to the lives of Australians.”Topping the spend for Victoria, the $3.6-billion Melbourne Intermodal Terminal Package will receive $3.1 billion in new commitments in the Budget.Also in that state, $2.2 billion has been allocated to the Suburban Railway Loop, a 90km rail line that will link every major rail line from the Frankston Line to the Werribee Line <a href="https://www.theurbandeveloper.com/articles/melbourne-airport-rail-link-revealed" data-mce-href="https://www.theurbandeveloper.com/articles/melbourne-airport-rail-link-revealed">via Melbourne Airport</a>.It has been criticised by the state auditor-general, who said a full business case for the project had not been provided and that the government had not “demonstrated the economic rationale for the entire project”.In Queensland, two sections of east coast rail links have been funded with $1.6 billion for the Brisbane to the Sunshine Coast (Beerwah—Maroochydore) rail extension, and $1.1 billion for the Brisbane to the Gold Coast (Kuraby—Beenleigh) faster rail upgrade.Similarly, in NSW, $1 billion has been put up for the Sydney to Newcastle (Tuggerah—Wyong) faster rail upgrade.<div id="36Gh18fNuRWn3pWMc4NtYP"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1c90sIgmguitB095RM2BNO/ba85e255d2fa8a2ba7c962a135e7a4e7/Mid_article_resizes__1_.jpg" alt="A render of the Monash station, part of the Melbourne Rail Loop project." data-mce-src="//images.ctfassets.net/8pr762qjocl3/1c90sIgmguitB095RM2BNO/ba85e255d2fa8a2ba7c962a135e7a4e7/Mid_article_resizes__1_.jpg"></picture><div>▲ A render of the Monash station, part of the Melbourne Rail Loop project. </div></div>Also in NSW, $77.5 million has been put forward for the development of a Final Business Case and early property acquisitions for an extension of the Sydney Metro Western Sydney Airport line from Bradfield to Glenfield via Leppington.In the Queensland capital, $150 million has been allocated to help deliver a new metro station at Woolloongabba, home to the main stadium for the city’s Olympic Games.Across WA, the NT and Queensland, $678 million will be spent on the Outback Way road link.In Tasmania, $336 million has been allocated to the Tasmanian Roads Package—Northern Roads Package Stage 2, and in SA $200 million for the Marion Road—Anzac Highway to Cross Road.The announcement also includes a $145 million spend for the Thomas Road—Dual Carriageway—South Western Highway to Tonkin Highway and interchange at Tonkin Highway in WA, $132 million for Central Australian Tourism Roads in the NT, and $46.7 million towards the Athllon Drive Duplication in the ACT.The announcement has been met with criticism that Coalition government states, including NSW, have been “dudded’ by the announcements with that state’s infrastructure minister, Rob Stokes, and transport minister, David Elliott, saying the federal government had “short-changed” their state.Stokes said the budget announcements included twice as much funding to Victoria and the NT as NSW, while WA Liberal senator Michaelia Cash pointed out her state was receiving less than Tasmania.

Infrastructure projects across Australia will received a $9.6-billion investment under the Federal government’s first Budget…

LAUNCESTONUntitled-2.jpg

A brutalist Launceston CBD office building has been sold to a Melbourne-based syndicator for $22.5 million.The concrete building, known as Henty House, was sold by Sydney-based property investment company Strada GroupStrada Group has held the property for more than 15 years after paying $11 million for the asset. The fund manager has five other office buildings in its portfolio—two in Canberra, and one each in Hobart, Townsville and on the Gold Coast.The five-level building was purpose built for the Tasmanian government in the early 1980’s and is leased to the state and federal government, offering a weighted average lease expiry of more than six years.The office building is in the central Civic Precinct near Royal Park and the Tamar River waterfront and occupies a 2517sq m site.It provides its incoming owner with a net lettable area of 4700sq m and generates a net annual income of more than $1.5 million.Ryan said that despite current market uncertainties buyers were continuing to pursue quality investment opportunities.CBRE’s Melbourne Capital Markets Office team of Tom Ryan and Scott Orchard jointly negotiated the transaction with Tim Johnstone and Scott Alexander of Hobart-based agency Edwards Windsor.“There is no question that buyers are reassessing their strategies and expectations following the significant change to the interest rate landscape,” Ryan said“While the depth of interest has reduced, there is continued confidence in the market and solid transaction outcomes are occurring led by investors wanting to stay ahead of an anticipated buyer resurgence in the new year.”<div id="1GHdbR5JBWGlGW0a9Q3lfX"><picture><img src="//images.ctfassets.net/8pr762qjocl3/4jNNCJX4UD2kseDvH90DM4/697f421641b13dee3f0b447f908cdd4e/00Untitled-4.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/4jNNCJX4UD2kseDvH90DM4/697f421641b13dee3f0b447f908cdd4e/00Untitled-4.jpg"></picture><div>▲ Strada Group spent millions in collaboration with the state government on refurbishing and improving the facility. </div></div>Orchard said while sale results have been limited through the middle part of the year as a market adjustment plays out, there is still considerable local, national and international capital looking for opportunities in prime and alternative markets as demonstrated by the sale of Henty House.“While sale results have been limited through the middle part of the year as a market adjustment plays out, there is still considerable local, national and international capital looking for opportunities in prime and alternative markets as demonstrated by the sale of Henty House,” Orchard said.The office building was named after the Henty family who emigrated from Sussex to Launceston in the early 1830s. The landmark building was designed by architect Peter Partridge in 1983 for the state government.The office building’s government occupiers include Health and Human Services, Justice, Treasury and Finance, Premier and Cabinet, Police, Fire and Emergency Management in addition to the Federal Government, on a new 15-year term.The property neighbours government-occupied buildings near Royal Park and the Tamar River waterfront.Strada Group made its first attempt to sell the building in September 2019 with price expectations of $17 million, however, despite receiving more than 70 enquiries within the first few weeks it was advertised, the site was never sold.Last year, CBRE sold the mixed-use Parliament Square development in Hobart for about $330 million to Spirit Super in the state’s biggest commercial property transaction.Similarly underpinned by tenants such as the state government, the yield on the office component was 4.3 per cent.

cradlemtn hero (920x600).png

One of Australia’s best-known luxury wilderness resorts, Cradle Mountain Lodge in northern Tasmania, has been put up for sale with hopes it will fetch about $100m.The lodge, which was opened in 1971 as accommodation for fishermen and bushwalkers, has 86 cabins and suites on a 11.4ha landholding on the edge of the UNESCO World Heritage-Listed Cradle Mountain-Lake St Clair National Park.The listing by the owner, listed funds manager Elanor Investors Group, follows Elanor’s recent refurbishment of the lodge, which is about a two-hour drive from Launceston, and comes at a time when domestic tourism in Australia is undergoing a resurgence.The lodge is operated under Accor’s Peppers brand. Its accommodation spans contemporary cabins through to luxury suites, while guest facilities include an award-winning restaurant, tavern bar and bistro, alpine spa, as well as conference and event facilities. The lodge can be sold with vacant possession.“After recently completing an extensive $10-million refurbishment program, we have received several off-market approaches by parties interested in acquiring the resort, prompting us to formally take Cradle Mountain Lodge to market,” Elanor Investors Group head of hotels, tourism and leisure Marianne Ossovani said.<div id="5OXi2LTMigSP5GDjz247Bc"><picture><img src="//images.ctfassets.net/8pr762qjocl3/5FajN3ktEIzVmeWbDRyCZ9/f8dcd454ae03e352d6e5302ebf8b4605/cradlemtnroom-mid.jpg" alt="cradlemtn2 mid" data-mce-src="//images.ctfassets.net/8pr762qjocl3/5FajN3ktEIzVmeWbDRyCZ9/f8dcd454ae03e352d6e5302ebf8b4605/cradlemtnroom-mid.jpg"></picture><div>▲ The interior of one of 86 cabins and spa suites in the recently refurbished lodge. </div></div>The lodge operates on a “paddock to plate” philosophy and sources most of its produce from within a 160km radius. Guests are drawn to the spectacular scenery and walking tracks in the nearby national park, as well as its unique flora and fauna.The region’s tourism industry also stands to benefit from the Cradle Valley Tourism Development Plan, which is backed by state and federal governments and projected to increase visitor numbers by about 40,000 annually.“Cradle Mountain Lodge is a significant tourist drawcard for domestic and international travellers,” CBRE Hotels’ Wayne Bunz said. He is handling an international expression-ofinterest campaign on behalf of Elanor Investors Group. Submissions are open until October 21. “More and more travellers are seeking out destinations with a focus on eco-tourism, health and wellness and sustainability, and are willing to pay a premium for these experiences,” Bunz said.<div id="6I0dTZ6wjMs72kzk5Ks2mj"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6RelynGetBSvfmBCOOAkAA/37176acaef19d1fd7b507c21dbbe4dd1/TAS_HOT_Cradle_Mountain_Lodge.jpg" alt="The lodge was established in 1971 and is now operated by Peppers." data-mce-src="//images.ctfassets.net/8pr762qjocl3/6RelynGetBSvfmBCOOAkAA/37176acaef19d1fd7b507c21dbbe4dd1/TAS_HOT_Cradle_Mountain_Lodge.jpg"></picture><div>▲ The lodge was established in 1971 and is now operated by Accor’s Peppers brand. </div></div>“Opportunities to purchase once-in-a-generation assets like this are scarce, especially given the capital appreciation and proven income flow that will make this trophy asset even more attractive to investors.”This listing follows the sale of several islands off the coast of Far North Queensland with eco-tourism potential.&nbsp;Annie Cannon-Brookes, wife of tech billionaire Mike, <a data-mce-href="https://www.theurbandeveloper.com/articles/tech-billionaire-dunk-island-atlassian" href="https://www.theurbandeveloper.com/articles/tech-billionaire-dunk-island-atlassian" target="_blank" rel="noopener">bought the abandoned tropical Dunk Island resort</a> several months ago for about $25 million.And Twiggy Forrest’s Tattarang <a href="https://www.theurbandeveloper.com/articles/twiggy-forrest-buys-lizard-island-for-42m" data-mce-href="https://www.theurbandeveloper.com/articles/twiggy-forrest-buys-lizard-island-for-42m">bought Lizard Island for $42 million</a> in late 2021.

One of Australia’s best-known luxury wilderness resorts, Cradle Mountain Lodge in northern Tasmania, has been put up for sale.

FASTESTUntitled-1.jpg

Homes are selling fastest in Canberra, Sydney and Hobart with some of the cities’ suburbs averaging just 17 days on the market.And houses, rather than units, continue to be snapped up at lightning speed with six of the 15 fastest-selling suburbs in Canberra, five in Hobart and four in Sydney, according to data from real estate sales and renting platform Real Estate Investar, a subsidiary of real estate technology outfit PropTech Group.Camden South—one of the southernmost suburbs of Sydney—was the fastest-selling suburb in Australia with houses changing hands at an average of just 14 days.Units in Manly Vale, a suburb of northern Sydney, are also transacting at record speed with buyers picking up studio and one-bedroom apartments in an average of 18 days.In Canberra, the suburbs of Gordon, Wanniassa, Dunlop and Holt averaged 18 days on the market while Hobart’s New Town, Norwood, Howrah and West Hobart averaged just 17 days.PropTech Group managing director Joe Hanna said the data had allowed homebuyers to gather a clearer picture of macro market dynamics to understand which investment class promised the best returns as property prices nationally began to fall.“The average time on the market in New South Wales’ fastest-selling suburb is 14 days while time on the market in the fastest-selling suburbs in all the other states is significantly longer,” Hanna said.&nbsp;“For Queensland it is 21 days, in Victoria 25 days, and in Western Australia it is 41 days.”The study, which analysed market listings over the 12 months through June 2022, found that 90 per cent of the property in the 50 fastest-selling suburb categories were houses.&nbsp;Fastest selling suburbs<div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><table class="mce-item-table" style="width: 101.823%;" data-mce-style="width: 101.823%;"><thead><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">Rank</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Suburb</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">Dwelling type</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">Median price</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">Growth 12 months</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">Median rent</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">Growth 12 months</th></tr></thead><tbody><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">1</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Camden South, NSW</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$764,500▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">19.4%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$500▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">7.5%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">2</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Gordon, ACT</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$727,500▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">23.5%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$565▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">15.3%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">3</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">New Town, Tas</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$945,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">37.9%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$570▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">3.6%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">4</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Horsley, NSW</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$730,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">23.7%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$550▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">12.2%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">5</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Norwood, Tas</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$499,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">25.0%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$460▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">15.0%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">6</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Manly Vale, NSW</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (2)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$975,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">14.7%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$630▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">5.0%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">7</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Manly Vale, NSW</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">Unit (1)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$700,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">7.6%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$505▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">1.0%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">8</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Howrah, Tas</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$725,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">33.0%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$525▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">7.1%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">9</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">West Hobart, Tas</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$962,500▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">28.3%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$625▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">8.6%▲</th></tr><tr><th style="width: 10.6906%;" data-mce-style="width: 10.6906%;">10</th><th style="width: 17.3318%;" data-mce-style="width: 17.3318%;">Wanniassa, ACT</th><th style="width: 14.2542%;" data-mce-style="width: 14.2542%;">House (3)</th><th style="width: 17.4938%;" data-mce-style="width: 17.4938%;">$820,000▲</th><th style="width: 13.9302%;" data-mce-style="width: 13.9302%;">36.6%▲</th><th style="width: 13.1203%;" data-mce-style="width: 13.1203%;">$600▲</th><th style="width: 13.2823%;" data-mce-style="width: 13.2823%;">7.1%▲</th></tr></tbody></table></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl">^Source: Real Estate Investar - August 2022</div></div></div>Buyers continued to opt for bigger homes, in keeping with the change in preference for buyers throughout the pandemic. Sixty per cent of the top 50 are three-bedroom homes, 14 per cent are four-bedroom homes, 8 per cent are two-bedroom homes, and just 4 per cent are one-bedroom homes.In Victoria, four-bedroom houses in the suburb of Langwarrin were the fastest-selling property type, spending an average of 25 days on the market.In Queensland, the fastest-selling homes are two-bedroom houses in Gympie, which disappear from the market after an average of just 21 days while three-bedroom houses in Hamersley were the fastest selling in Western Australia with 41 days on the market.At the other end of the spectrum are suburbs such as Deakin, in the ACT, where it takes an average of more than 100 days to sell a property, and&nbsp;Brooklyn, Melbourne, Australia’s slowest-selling suburb at 120 days.Home prices have surged throughout the pandemic, up 22.1 per cent alone in 2021, with buyers during the pandemic generally preferring “lifestyle” features such as more space and lower-density areas on the coast or in suburbs where housing lots are larger and there are technology links enabling work from home.Some of the biggest gains through the upswing were in areas not typically characterised as high-end housing markets, such as Maraylya, about 50km north-west of Sydney’s central business district.Market activity is now <a data-mce-href="https://www.theurbandeveloper.com/articles/corelogic-amp-property-prices-20pc-drop" href="https://www.theurbandeveloper.com/articles/corelogic-amp-property-prices-20pc-drop" target="_blank" rel="noopener">reversing at a rapid pace</a> due in part to interest rate expectations moving sharply higher, rising mortgage rates and higher home prices dampening affordability.Some suburbs that posted the biggest gains are facing double-digit drops as fears about the pandemic are replaced by growing concerns around rising inflation and falling stockmarkets.Expectations are for interest rates to move sharply higher, with the cash rate possibly ending the year above 2 per cent, forcing prospective buyers to <a data-mce-href="https://www.theurbandeveloper.com/articles/australian-mortgage-rate-10pc-prediction" href="https://www.theurbandeveloper.com/articles/australian-mortgage-rate-10pc-prediction" target="_blank" rel="noopener">face higher borrowing costs</a>.Auction volumes have also fallen, and clearance rates have dropped off as buyers regain the upper hand in negotiations and the fear of missing out subsides.Despite this, <a data-mce-href="https://www.theurbandeveloper.com/articles/july-rental-vacancies-sqm" href="https://www.theurbandeveloper.com/articles/july-rental-vacancies-sqm" target="_blank" rel="noopener">rental properties are being snatched up faster than ever</a> before, as the number of days listed on the market hits a historic low. This has been made worse amid tightening market conditions, with the number of homes available to rent has been falling since the pandemic began.

Corelogic home values June hero.jpg

Adelaide house price growth has outstripped other state capitals over the past month, quarter and year, according to the latest CoreLogic Home Value Index report&nbsp;The South Australian capital’s housing values grew by 1.3 per cent in June, 5.1 per cent in the past quarter and 25.7 per cent for the year.In each case, it was a higher rate of growth in housing values than in the other capital cities. Brisbane was a close second annually with 25.6 per cent growth.Nationally, while house prices had grown by 11.2 per cent for the year, they fell by 0.6 per cent in June and by 0.2 per cent across the quarter.Sydney posted the highest rate of decline in housing values with a 1.6 per cent monthly drop and a 2.8 per cent dip for the quarter but a 5.9 per cent rise for the year.Melbourne had the second-highest June fall in housing values, down 1.1 per cent, and a 1.8 per cent decline for the quarter.&nbsp;For the year, however, the Victorian capital notched a 3.1 per cent jump.Brisbane posted a 0.1 monthly gain, a 2.7 per cent rise over the quarter and a 25.6 per cent increase for the year.&nbsp;Across all the capitals, housing values climbed 8.7 per cent for the year and sagged 0.8 per cent across both June and the June quarter.Across all regional areas, though, housing posted a consistent increase with a 0.1 per cent increase in June, a 2 per cent quarterly bump and an annual jump of 19.9 per cent.The index showed that house prices dropped more than unit prices with Sydney’s unit prices dropping by 2.1 per cent in June and Melbourne’s by 0.5 per cent.&nbsp;Commonwealth Bank economist Gareth Aird said that result was not unexpected.&nbsp;“This is a reversal of the trend in 2021 when the prices of detached dwellings rose at a faster pace than apartments,” Aird said.Westpac senior economist Matthew Hassan said there was more to come.“The correction is likely to continue in coming months with the RBA expected to deliver more 50 bp [basis point] rate hikes in July and August,” Hassan said.&nbsp;<div id="4yqec6KCB2zKKuWN9pWi8s"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1DmidSZHhPOzjoFLJizC4T/246850084c14330996492ecaa1ce743f/Corelogic_home_values_mid.jpg" alt="Sydney's housing price market saw the largest decline over June and the June quarter out of all capital cities." data-mce-src="//images.ctfassets.net/8pr762qjocl3/1DmidSZHhPOzjoFLJizC4T/246850084c14330996492ecaa1ce743f/Corelogic_home_values_mid.jpg"></picture><div>▲ Sydney's housing price market saw the largest decline over June and the June quarter out of all capital cities. </div></div>“This is also likely to see the correction broadened beyond the Sydney and Melbourne markets.”NAB’s group chief economist Alan Oster also pointed to the results of the NAB Quarterly Australian Residential Property Survey, acknowledging that rates were key.“With the RBA having also raised the cash rate at its last two meetings by a total of 75 bps and warning of more to come, property professionals for the first time identified rising interest rates as the biggest (and a growing) impediment for buyers of existing property across the country,” Oster said.&nbsp;The survey showed that housing market sentiment and confidence had both fallen, particularly in Sydney and Melbourne.&nbsp;“Sentiment was lower in most states, with the biggest falls in NSW and Victoria where house prices were under most pressure in [the second quarter of 2022],” Oster said.&nbsp;“Confidence levels continued to sag, with both the short and longer-term measures falling for the fifth straight quarter and well below survey averages.“The survey forecast on average now has national house prices falling over the next one to two years, led by sharp falls in Victoria and NSW.”Aird also said it was important to consider context and that the lack of meaningful wage growth was also key.&nbsp;“The expected falls in home prices are significant but context is key,” he said.&nbsp;“Price gains in 2021 nationally were extraordinary.&nbsp;&nbsp;“Notwithstanding, there are many home owners who have bought recently [and] these buyers will feel the simultaneous negative impact of both rising interest rates and falling home prices.&nbsp;“Deeply negative real wages growth further exacerbates the downbeat feeling among many households as evidenced in recent consumer confidence surveys.”&nbsp;&nbsp;&nbsp;


Adelaide has outstripped the other capitals in the rate of growth in its housing market over the last month, quarter and year according to the latest Corelogic Housing Value Index report.
Adelaide’s housing values grew by 1.3 per cent in the last month, 5.1 per cent in the last quarter and 25.7 per cent over the last year. 

TIPALEAUntitled-1.jpg

Property development and investment group Tipalea Partners has lodged plans for a $40-million neighbourhood retail centre along the fast growing and undersupplied northern stretch of Tasmania.The Sydney-based developer entered the Tasmanian market late last year purchasing the 3.3ha Devonport site, adjacent to the Devonport Homemaker Centre, from vendor Bunnings.Tipalea Partners, which has been developing neighbourhood shopping centres for over two decades, has long held a focus for defensive, non-discretionary and convenience-based retail.Tipalea Partners chief executive Scott Spanton said the developer would now deliver the first-full line supermarket for the suburbs of Stony Rise and Miandetta—which have a catchment area of over 18,000 people.&nbsp;The greater Devonport area of 40,000 should be serviced by at least four full line supermarkets, but currently only has only two options, both in the CBD.“The surrounding community is on such a high-growth trajectory and retail like this is essential infrastructure that supports and enables this growth,” Spanton said.&nbsp;“This [project] is about securing the continued growth of Devonport by providing the local communities with convenience, choice and competition.”<div id="4qsxZFvE1bcFiHqcriNQbq"><picture><img src="//images.ctfassets.net/8pr762qjocl3/khjFVP9nxqRe4PUCBpGEt/932107a87f4f5172a12054d62b198412/NPUntitled-2.jpg" alt="▲ The project will be the developer’s fourth in Tasmania.
" data-mce-src="//images.ctfassets.net/8pr762qjocl3/khjFVP9nxqRe4PUCBpGEt/932107a87f4f5172a12054d62b198412/NPUntitled-2.jpg"></picture><div>▲ The project will be the developer’s fourth in Tasmania. </div></div>To be known as Stony Rise Village, Tipalea Partner’s proposed new neighbourhood retail centre is set to create around 200 jobs during construction and over 500 ongoing jobs once the centre opens.&nbsp;The developer will construct the supermarket for either Coles or Woolworths alongside a wide range convenience retail and a range of food outlets.Construction is anticipated to start in 2023 after necessary approvals are secured, with completion earmarked in 2024.The developer has a strong history delivering neighbourhood retail centres in locations such as Mackay in Queensland, Pimpama on the Gold Coast, Muswellbrook in the NSW Hunter Valley and Launceston in Tasmania.Over the last two years, neighbourhood centres, underpinned by supermarkets and a manageable number of specialty stores, are being perceived by investors as far less riskier assets.Investors and developers have been quick to catch on with transactions deals for the small malls sector hitting a record of $2.7 billion through 2021.&nbsp;Neighbourhood and sub-regional assets are now <a data-mce-href="https://www.theurbandeveloper.com/articles/is-australia-feeling-the-waitrose-effect" href="https://www.theurbandeveloper.com/articles/is-australia-feeling-the-waitrose-effect" target="_blank" rel="noopener">expected to experience further yield tightening,</a> driven by investor demand and the security experienced over the last two years while other retail assets hold relatively steady on average.Tipalea Partners has other interests in Tasmania, constructing Glebe Hill Village, a $35-million shopping centre in Howrah—the first new neighbourhood shopping centre in Hobart in over a decade.That project is set to deliver 5900sq m convenience retail and consists of a Coles supermarket, McDonald’s and 18 specialty shops in an air-conditioned mall with 260 car spaces in an expansive, completely on-grade car park.Glebe Hill Village, which is due for completion this year, will become Hobart’s most technologically advanced retail centre.Visitors will have access to a suite of innovative features including its own App, free wireless phone charging and Wi-Fi, real time air quality monitoring, smart bathrooms that monitor water usage, parcel lockers, recycling stations and EV chargers.In northern Victoria, Tipalea recently broke ground on a similarly scaled development, dubbed Cobram Village, which will also feature a full-line supermarket, various specialty stores, numerous food offerings, a medical centre, as well as over 400 car spaces.

A Sydney developer has lodged plans for a $40-million neighbourhood retail centre along the fast growing and undersupplied northern stretch of Tasmania…

hero resize (7).jpg

The Tasmanian government has unveiled a 30-year plan to manage significant growth in Hobart, signalling that medium-density dwellings are a key part of the strategy.The inaugural draft plan highlights infilling some of the central business district within greater Hobart as part of a plan to cater for a projected extra 60,0000 residents who will call the city home during the next 30 years.Unveiled on Monday by the Department of State Growth, the plan outlines the need for an additional 30,000 homes to cater for the growth.It says 695ha of vacant land supply and $539 million in residential building approvals will be required.The analysis, completed on behalf of Hobart’s council as well as the state government, recommends the mix be 70 per cent infill development and 30 per cent greenfield development, which is largely consistent with the development split of the past decade.The plan conservatively suggests infilling potentially more than 21,000 additional dwellings, including in the local government areas of Clarence, Glenorchy, Hobart CBD and the Kingborough area.&nbsp;Meanwhile, the proposed 9000 new greenfield dwellings needed during the next 30 years will require a faster rate of delivery than in the past.Infill development is proposed to be primarily low-impact, medium-density residential dwellings, while allowing for higher-density swellings in some locations.“This means encouraging more contemporary terrace and townhouse dwellings within, and surrounding the key business districts and along corridors with high frequency public transport services,” the plan says.The plan says that managing growth in a sequenced and strategic manner and limited diversity in housing options remain a key challenge for the southernmost city in Australia.&nbsp;<div id="1oyQJI69a539nijfBqrEN7"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2tAF9jhM0ldhDULKXWqtTe/485c82f00ff570ad3be0becd16891238/iStock-483419839.jpg" alt="The move away from inner-city living will bring its own pressures to bear on Hobart." data-mce-src="//images.ctfassets.net/8pr762qjocl3/2tAF9jhM0ldhDULKXWqtTe/485c82f00ff570ad3be0becd16891238/iStock-483419839.jpg"></picture><div>▲ The move away from inner-city living will bring its own pressures to bear on Hobart. </div></div>The plan provides a direction on how to respond to these challenges, including access to land and greater diversity in housing to provide greater choice to suit different lifestyles and stages of life.“More people are living further away from where they work, shop and play,” the plan says.“This outward spread increases the pressure for major road infrastructure improvements, which can add to cost of living pressures.“A focus on providing our community with more housing options in, and near and away from our city centres can help reduce these pressures.”An implementation plan is now being drafted with an action list focusing on priorities for the next three to five years under way.The most recent Australian Bureau of Statistics figures reveal that 999 homes were built in Tasmania in the December, 2021 quarter, the highest number in almost 30 years.The number of completions grew 31 per cent in the quarter, which was the highest growth rate in the country. In 2021, 3234 homes were completed.Feedback is now being sought on the<a href="https://content.api.news/v3/files/bin/9109bcbeee66b3af3c180fd0abd475ea" data-mce-href="https://content.api.news/v3/files/bin/9109bcbeee66b3af3c180fd0abd475ea"> draft plan.</a>

kanamaluka TSO story hero.jpg

The Launceston council has agreed to help fund the development of a new cultural centre at Kings Wharf.&nbsp;Developer Errol Stewart of JMC and the Tasmanian Symphony Orchestra announced plans earlier this year for the centre, at the corner of Kings Wharf Road and Lindsay Street.&nbsp;The Tasmanian Aboriginal Centre has approved the naming of the centre as Kanamaluka, the original name of the River Tamar.&nbsp;The centre will include an 750-seat auditorium, a 1000-seat conference space, an Indigenous art and cultural space, exhibition and function halls, bars, a cafe and a black box space for performing arts as well as a recording studio, outdoor screen and digital studio.&nbsp;The City of Launceston has agreed to fund the project application fees, a cost of $38,286.Stewart is lobbying the federal and state governments for $40 million and $20 million in funding respectively.&nbsp;Another $5 million will be raised privately.&nbsp;The cost of the project is currently estimated at $70 million.It is proposed that the centre would be operated and underwritten for the first five years by Accor Hotels and its Silo Hotel in the city. A to-be-established government body would then operate the centre.A 140-room, $30-million hotel is also planned for the precinct.<div id="34dzzjgh8wHUFJLOKPgZFn"><picture><img src="//images.ctfassets.net/8pr762qjocl3/68IIPN446ygAUvYDTRWWiU/03857515fab325ce0001e9d6ee9467ac/Kanamaluka_TSO_story_mid_article_image.jpg" alt="The Kanamaluka Cultural Centre in Launceston planned by JMC and the Tasmanian Symphony Orchestra. Source: Kanamaluka" data-mce-src="//images.ctfassets.net/8pr762qjocl3/68IIPN446ygAUvYDTRWWiU/03857515fab325ce0001e9d6ee9467ac/Kanamaluka_TSO_story_mid_article_image.jpg"></picture><div>▲ An impression of the Kanamaluka Cultural Centre in Launceston planned by JMC and the Tasmanian Symphony Orchestra. Source: Kanamaluka </div><div> </div></div>Stewart said the project had an estimated date of completion in 2024 with hopes that an application would be approved later this year. The hotel is an additional component.“If we get the gig and get the nod on the development of Kanamaluka, we would then build another 100-room hotel, potentially 120 to 140 rooms,” Stewart said.“We just need some money.”The Tasmanian Symphony Orchestra has a subscriber base in Launceston that requires a fit-for-purpose concert hall as its current venue, the Albert Hall, is being redeveloped fulfill a plenary role.&nbsp;The orchestra’s chief executive Caroline Sharpen said it also gave them the opportunity to have up-to-date facilities.“We have already upgraded the concert hall in Hobart,” Sharpen said.“There’s a 400sq m studio space which will have state of the art digital infrastructure and that’s about taking Tasmanian culture to the rest of the world via livestream and video-on-demand.”&nbsp; It is estimated that the centre will be hired for around 70 days per year and have a capacity for 49,000 people at concert, plenary and community events.&nbsp;It is expected 80 per cent of attendees will come from the greater Launceston area with 10 per cent from Hobart, 5 per cent from elsewhere in Tasmania and 5 per cent from interstate.The centre will host an average 19,000 conference delegates annually, and are forecast to spend $7 million per year while hotel guests will spend $7.2 million per year.&nbsp;Before the pandemic, 52 per cent of domestic tourists travelled to Launceston for leisure as did 68 per cent of international tourists.More than 250 full time jobs will be created and $33 million added to the state economy per year during construction with 98 ongoing fulltime jobs created and and estimated $9.3 million added to the state economy annually once operational.

The City of Launceston has agreed to help fund the development of a new cultural centre at Kings Wharf...

Developer Errol Stewart of JMC and the Tasmanian Symphony Orchestra announced plans earlier this year for a new cultural centre at Kings Wharf Road and Lindsay Street. 

Auctions Soar Domain Report.jpg

The number of auctions held in Brisbane has tripled and Canberra has overtaken Melbourne as the auction capital as demand continues to transform the market.Across the country, auctions have resulted in higher selling prices in the past year with the volume doubling overall over the past decade, according to research by Domain.The report showed there was a significant upswing in auction numbers during 2021, particularly in the emerging auction markets of Canberra, Adelaide and Brisbane.Houses sold at higher prices during the weekend than other days across all markets except Sydney, where midweek auctions were more successful, although nationally units sold better during the week.Median price by sale method, 2021<table border="0" data-mce-style="width: 100%; font-family: Panton-Bold,Helvetica,Arial,sans-serif; font-size: 14px; color: rgba(0,0,0,.87); border: unset; border-color: unset; border-style: unset;" style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset;" class="mce-item-table"><tbody><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;"> </td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">Sold by auction</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">House auction</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">House private treaty</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">Unit auction</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">Unit private treaty</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Sydney</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">24%</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$1.79m</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$1.1m</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">$1.07m</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$760k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Melbourne</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">25.8%</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$1.14m</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$812k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">$720k</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$575k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Brisbane</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">6.4%</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$1.04m</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$622k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">$586k</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$440k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Adelaide</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">15.6%</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$759k</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$540k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">$523k</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$369k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Canberra</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">27.6%</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$1m</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$840k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">$670k</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$528k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Perth</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">-</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$930k</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$517k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">-</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$368k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Hobart</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">-</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">-</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$630k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">-</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$541k</td></tr><tr><td style="width: 18.8324%;" data-mce-style="width: 18.8324%;">Darwin</td><td style="width: 16.9492%;" data-mce-style="width: 16.9492%;">-</td><td style="width: 16.5725%;" data-mce-style="width: 16.5725%;">$678k</td><td style="width: 15.8192%;" data-mce-style="width: 15.8192%;">$575k</td><td style="width: 16.1959%;" data-mce-style="width: 16.1959%;">-</td><td style="width: 15.6309%;" data-mce-style="width: 15.6309%;">$370</td></tr></tbody></table>^Source: Domain In-focus Auctions report During 2021 every capital city achieved a higher median price at auction compared to private treaty.In particular, Brisbane had a price differential of 66 per cent for houses and 42 per cent for units, followed by Sydney with 63 per cent for houses and 41 per cent for units.&nbsp;Domain chief of research and economics Nicola Powell said we could expect to see a growing number of auctions in the coming years.&nbsp;“And this trend is not isolated to just one city, we’re seeing it across Australia and spreading from the higher-priced suburbs into the middle and outer suburbs,” she said.&nbsp;“Buyers and sellers are embracing the transparency and efficiency that auctions can often provide, and the fact that all cities have a higher median price at auction compared to private treaty.”

The number of auctions held in Brisbane has tripled and Canberra has overtaken Melbourne as the auction capital as demand continues to transform the market…

Farmer's regional development.jpg

The National Farmers Federation wants 20 towns across Australia to be recognised as future development precincts to capitalise on growing regional populations and business opportunities.The group said it had created the list to garner support from the federal government, along with $1.4 billion in investment, to make the plans a reality.Nearly 30 industry and community representative groups contributed to the <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_4919545722411646359401969" aria-invalid="spelling" data-mce-highlight-id="mce-cram_4919545722411646359401969" data-mce-bogus="1" data-mce-annotation="NFF's" data-mce-lingo="en_au">NFF's Regional Development Strategy, which has widespread support from local government.<span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_14907530191646359281151" aria-invalid="spelling" data-mce-highlight-id="mce-cram_14907530191646359281151" data-mce-bogus="1" data-mce-annotation="NFF" data-mce-lingo="en_au">NFF president Fiona <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_685452541101646359281151" aria-invalid="spelling" data-mce-highlight-id="mce-cram_685452541101646359281151" data-mce-bogus="1" data-mce-annotation="Simson" data-mce-lingo="en_au">Simson said they wanted to ensure the plan would “come to life and didn’t become yet another glossy document gathering dust in a high-rise inner-city office”.&nbsp;“Research by the <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_737946416111646359281152" aria-invalid="spelling" data-mce-highlight-id="mce-cram_737946416111646359281152" data-mce-bogus="1" data-mce-annotation="NFF" data-mce-lingo="en_au">NFF confirms regional Australians are protective of the charm of their bush homes, but they are increasingly challenged by the skyrocketing cost and lack of availability of housing, and access to critical services such as healthcare,” <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_802387341121646359281152" aria-invalid="spelling" data-mce-highlight-id="mce-cram_802387341121646359281152" data-mce-bogus="1" data-mce-annotation="Simson" data-mce-lingo="en_au">Simson said.“This proposal addresses these critical concerns and far from wanting to make towns like Mildura and Emerald another Melbourne or Brisbane, the <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_357526202131646359281153" aria-invalid="spelling" data-mce-highlight-id="mce-cram_357526202131646359281153" data-mce-bogus="1" data-mce-annotation="NFF" data-mce-lingo="en_au">NFF and our collaborators make the case for real collaboration across all tiers of government to achieve <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_9683786185931646359490281" aria-invalid="spelling" data-mce-highlight-id="mce-cram_9683786185931646359490281" data-mce-bogus="1" data-mce-annotation="bona-fide" data-mce-lingo="en_au">bona-<span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_9683786185931646359490281" aria-invalid="spelling" data-mce-highlight-id="mce-cram_9683786185931646359490281" data-mce-bogus="1" data-mce-annotation="bona-fide" data-mce-lingo="en_au">fide solutions to housing, education and health.”Proposed regional development precincts<table border="0" cellspacing="0px" style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); box-sizing: border-box; border-spacing: 0px;" class="mce-item-table" data-mce-style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); box-sizing: border-box; border-spacing: 0px;"><tbody><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;"><span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_654399474481646359462231" aria-invalid="spelling" data-mce-highlight-id="mce-cram_654399474481646359462231" data-mce-bogus="1" data-mce-annotation="Roma" data-mce-lingo="en_au">Roma, Queensland</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;"><span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_5639549914491646359462248" aria-invalid="spelling" data-mce-highlight-id="mce-cram_5639549914491646359462248" data-mce-bogus="1" data-mce-annotation="Tennant" data-mce-lingo="en_au">Tennant Creek, Northern Territory</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Toowoomba, Queensland</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;"><span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_2411528164701646359476356" aria-invalid="spelling" data-mce-highlight-id="mce-cram_2411528164701646359476356" data-mce-bogus="1" data-mce-annotation="Latrobe-Gippsland" data-mce-lingo="en_au">Latrobe-Gippsland, Victoria</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Emerald, Queensland</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Mildura, Victoria</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Gladstone, Queensland</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Shepparton, Victoria</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Mount <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_3247480116281646359500831" aria-invalid="spelling" data-mce-highlight-id="mce-cram_3247480116281646359500831" data-mce-bogus="1" data-mce-annotation="Gambier" data-mce-lingo="en_au">Gambier, South Australia</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Warrnambool, Victoria</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Port Lincoln, South Australia</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Burnie-Devonport, Tasmania</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Central <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_5963970486301646359500915" aria-invalid="spelling" data-mce-highlight-id="mce-cram_5963970486301646359500915" data-mce-bogus="1" data-mce-annotation="West-Orana" data-mce-lingo="en_au">West-Orana, NSW</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Greater Geraldton, WA</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;"><span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_7759496076291646359500834" aria-invalid="spelling" data-mce-highlight-id="mce-cram_7759496076291646359500834" data-mce-bogus="1" data-mce-annotation="Riverina" data-mce-lingo="en_au">Riverina Region, NSW</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Kalgoorlie-Boulder, WA</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">New England-North West, NSW</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Esperance, WA</td></tr><tr><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;">Lismore-Ballina-Casino, NSW&nbsp;</td><td style="width: 49.9058%;" data-mce-style="width: 49.9058%;"><span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_658707116791646359511647" aria-invalid="spelling" data-mce-highlight-id="mce-cram_658707116791646359511647" data-mce-bogus="1" data-mce-annotation="Merredin" data-mce-lingo="en_au">Merredin, WA</td></tr></tbody></table>^Source: The National Farmers Federation’s Regional Development StrategyCity of Mount <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_5926430226741646359511324" aria-invalid="spelling" data-mce-highlight-id="mce-cram_5926430226741646359511324" data-mce-bogus="1" data-mce-annotation="Gambier" data-mce-lingo="en_au">Gambier mayor Lynette Martin said the pandemic has seen regional areas come to the fore as a viable lifestyle choice thanks in large part to flexible working opportunities.“As attitudes begin to change about what it means to live in a regional area post pandemic, I really believe that the time is right for all levels of government to work together,” Martin said.“We need to embrace and support the concept of <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_4581529856901646359513254" aria-invalid="spelling" data-mce-highlight-id="mce-cram_4581529856901646359513254" data-mce-bogus="1" data-mce-annotation="regionalisation" data-mce-lingo="en_au">regionalisation and establish a plan to ensure we have the social and economic infrastructure in place to cater to an increasing population in the regions.”<span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_6112988027511646359540318" aria-invalid="spelling" data-mce-highlight-id="mce-cram_6112988027511646359540318" data-mce-bogus="1" data-mce-annotation="Simson" data-mce-lingo="en_au">Simson said thousands of people were recognising the endless potential of these areas and there was space for affordable housing, social services, amenity, culture and business opportunities.“Places like Mount <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_6030292687521646359540319" aria-invalid="spelling" data-mce-highlight-id="mce-cram_6030292687521646359540319" data-mce-bogus="1" data-mce-annotation="Gambier" data-mce-lingo="en_au">Gambier and Warrnambool, and their adjacent towns and villages, should be globally recognised centres of high-tech agriculture, food processing and manufacturing leading to the creation of thousands of new jobs in the process,” <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_8836579197531646359540319" aria-invalid="spelling" data-mce-highlight-id="mce-cram_8836579197531646359540319" data-mce-bogus="1" data-mce-annotation="Simson" data-mce-lingo="en_au">Simson said.<div><picture><img src="//images.ctfassets.net/8pr762qjocl3/5tUOJV0sZxiG0MV52ck1h0/ec8a0f9bb1725a41946ef58275405dca/mount_gambier_mid.jpg" alt="Mount Gambier in South Australia is one of many Australian regional centres to feel the effect of pandemic-prompted migration from the capitals." data-mce-src="//images.ctfassets.net/8pr762qjocl3/5tUOJV0sZxiG0MV52ck1h0/ec8a0f9bb1725a41946ef58275405dca/mount_gambier_mid.jpg"></picture><div><div style="display: block; text-align: left;" data-mce-style="display: block; text-align: left;">▲ Mount <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_72482794311431646360876181" aria-invalid="spelling" data-mce-highlight-id="mce-cram_72482794311431646360876181" data-mce-bogus="1" data-mce-annotation="Gambier" data-mce-lingo="en_au">Gambier in South Australia is one of many Australian regional centres to feel the effect of pandemic-prompted migration from the capitals. </div></div></div>“Covid-19 has exposed Australia’s reliance on international imports for critical inputs, such as <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_8379724228051646359561068" aria-invalid="spelling" data-mce-highlight-id="mce-cram_8379724228051646359561068" data-mce-bogus="1" data-mce-annotation="ag-vet" data-mce-lingo="en_au">ag-vet products and fertiliser.&nbsp;“Now is the time to invest seriously in the domestic manufacturing capability of our country and it just makes sense for these developments to make their home in regional Australia.”&nbsp;Outback Alliance chair Andrew <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_5016133598361646359584292" aria-invalid="spelling" data-mce-highlight-id="mce-cram_5016133598361646359584292" data-mce-bogus="1" data-mce-annotation="Drysdale" data-mce-lingo="en_au">Drysdale said there were numerous examples of policies developed for Australia’s more populated centres that were not fit-for-purpose for the outback.“The <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_3592952228421646359591530" aria-invalid="spelling" data-mce-highlight-id="mce-cram_3592952228421646359591530" data-mce-bogus="1" data-mce-annotation="NFF" data-mce-lingo="en_au">NFF recognises this in their proposal,” <span class="mce-spellchecker-annotation mce-spellchecker-word mce-cram_4450278431646359591530" aria-invalid="spelling" data-mce-highlight-id="mce-cram_4450278431646359591530" data-mce-bogus="1" data-mce-annotation="Drysdale" data-mce-lingo="en_au">Drysdale said.“Place-based approaches are particularly important to outback Australia because the social, economic, cultural, and environmental conditions faced by communities in the outback are different to those in the more-settled locations where policies are usually devised.”&nbsp;

The National Farmers Federation wants 20 towns across Australia to be recognised as future development precincts to capitalise on growing regional populations and business opportunities...

TASMANIA