Property Council

The Gold Coast’s apartment pipeline is at risk of a dramatic slowdown, with new research released by the Property Council of Australia showing over half of the Gold Coast’s apartment pipeline is at a moderate to high risk of being withdrawn or delayed.

https://www.propertycouncil.com.au/property-australia/gold-coast-apartment-supply-at-high-risk-of-slowdown

Gold Coast apartment supply at ‘high risk’ of slowdown - Property Council Australia The Gold Coast’s apartment pipeline is at risk of a dramatic slowdown, with new research released by the Property Council of Australia showing over half of the Gold Coast’s apartment pipeline is at a moderate to high risk of being withdrawn or delayed.

The first major city to be built in Australia since Canberra. That is the promise of the Bradfield City Centre in Western Sydney. Now that the master plan has been approved, what does the future city look like?

https://www.propertycouncil.com.au/property-australia/bradfield-city-centre-masterplan-gets-the-green-light-heres-whats-in-it

Bradfield City Centre Masterplan gets the green light - here's what's in it - Property Council Australia The first major city to be built in Australia since Canberra. That is the promise of the Bradfield City Centre in Western Sydney. Now that the master plan has been approved, what does the future city look like?

People moves and news brought to you by Redpath Partners:

Knight Frank has announced that Eliane Campbell has joined the firm in the role of Senior Consultant, based in Brisbane. Savills Australia & New Zealand is strengthening its asset management capabilities with the appointment of Daniel Shafferman National Director Industrial, Asset Management.
Mainbrace Constructions Pty Ltd has appointed Claire Bibby to its Board. Buchan has appointed Jake Martin as a Senior Associate.

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Ex Mirvac Chief and now National Housing Supply and Affordability Council Chair Susan Lloyd-Hurwitz recently addressed the National Press Club of Australia. Here are some key insights from her presentation.

https://www.propertycouncil.com.au/property-australia/the-barriers-to-housing-supply-according-to-susan-lloyd-hurwitz

The barriers to housing supply according to Susan Lloyd-Hurwitz - Property Council Australia Ex Mirvac Chief and now National Housing Supply and Affordability Council Chair Susan Lloyd-Hurwitz recently addressed the National Press Club. Here are some key insights from her presentation.

The Property Council of Australia is urging all parties ahead of the October ACT election to commit to zoning reforms that could deliver nearly 60,000 new homes in Canberra.

https://www.propertycouncil.com.au/national/the-plan-to-unlock-60000-homes-in-the-act

The plan to unlock 60,000 homes in the ACT - Property Council Australia The Property Council of Australia is urging all parties ahead of the October ACT election to commit to zoning reforms that could deliver nearly 60,000 new homes in Canberra.

The apartment market is facing varied challenges, with high construction costs exacerbated by material and labour shortages, leading to an undersupply of apartment projects across the country.

https://www.propertycouncil.com.au/national/apartment-market-facing-feasibility-challenges-report

Apartment market facing feasibility challenges: report - Property Council Australia The apartment market is facing varied challenges, with high construction costs exacerbated by material and labour shortages, leading to an undersupply of apartment projects across the country.

South East needs at least 20 new hospitals by 2046 to meet the demands of the growing population according to new research from the Property Council of Australia.

https://www.propertycouncil.com.au/national/more-health-facilities-needed-for-seq-report

More health facilities needed for SEQ: report - Property Council Australia South East Queensland needs at least 20 new hospitals by 2046 to meet the demands of the growing population according to new research from the Property Council of Australia.

The CLP now holds a strong mandate for its election promises. The rubber must hit the road in delivering them Property Council NT Executive Director Ruth Palmer writes.

Property Council of Australia - NT

Time for detail after NT election win - Property Council Australia The CLP now holds a strong mandate for its election promises. The rubber must hit the road in delivering them Property Council NT Executive Director Ruth Palmer writes.

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M3 Property has announced the appointment of Andrew Duguid as CEO. Savills Australia & New Zealand has announced Michael Pisano as National Director, Capital Transactions in its Capital Markets team. JLL has announced the appointment of Lydia Sheridan as Head of Marketing – Australia and New Zealand. Investa announced the appointment of Brett Robson as a Non-Executive Director to its Board.

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An ageing population, housing supply issues and legislative reform aren’t just challenges being faced by Australia’s retirement living sector – they’re happening in New Zealand, too.

https://www.propertycouncil.com.au/rlc/industry-challenges-mirrored-across-the-tasman

Retirement Living Council

Industry challenges mirrored across the Tasman - Property Council Australia An ageing population, housing supply issues and legislative reform aren’t just challenges being faced by Australia’s retirement living sector – they’re happening in New Zealand, too.

In this week's Property Australia Chief Executive Officer Mike Zorbas explains why higher education migration matters to property and the steps the government can take to preserve our fourth largest export valued at $48 billion... the answer Purpose-built student accommodation (PBSA).

https://www.propertycouncil.com.au/property-australia/chief-executive-why-higher-education-migration-matters-to-property

Chief Executive | Why higher education migration matters to property - Property Council Australia Following intense advocacy, Federal Education Minister Clare will allow 270,000 international student commencements next year.

The Bradfield Development Authority, tasked with creating a city centre near Sydney's new airport, is now focused on transforming strong interest into tangible development.

https://www.propertycouncil.com.au/property-australia/the-new-city-set-to-reshape-western-sydney

The new city set to reshape Western Sydney - Property Council Australia The Bradfield Development Authority, tasked with creating a city centre near Sydney's new airport, is now focused on transforming strong interest into tangible development.

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PEXA Group has announced that Group Managing Director and Chief Executive Officer Glenn King had notified the Board of his intention to retire by the end of FY24-25. Laura Murray has joined URPS as a Director, based in its Melbourne office. The WA Government has announced the appointment of Trish Scully as the new Chief Executive of Landgate. The SHAPE Australia VIC Leadership Team has welcomed Natalie Boston as a Pre-Construction Manager.

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WATCH: Chief Executive Mike Zorbas on 7:30 last night...

Talking last mile infrastructure in a story that features a new South Australian community that's missing sewerage connections.

A story that highlights the human impact of our housing crisis. Well worth a watch.

'It's unbearable': Sewage trucked daily from housing estates in Adelaide's north will continue for years More than 700 homes in the townships of Angle Vale, Virginia, Roseworthy and the suburb of Riverlea are having their sewage transported up to 40 kilometres by road to Adelaide's main wastewater treatment plant.

The federal government's proposed reform to cap international student numbers at 270,000 next year has been welcomed by the Student Accommodation Council, which urged states to boost student housing supply.

https://www.propertycouncil.com.au/property-australia/international-student-numbers-to-be-capped-at-270000-next-year

International student numbers to be capped at 270,000 next year - Property Council Australia The federal government's proposed reform to cap international student numbers at 270,000 next year has been welcomed by the Student Accommodation Council, which urged states to boost student housing supply.

In this week's Property Australia Chief Executive Mike Zorbas looks at the silver tsunami facing Australia.

The number of Australians over 75 years old will increase by 85 per cent over the next decade and the Retirement Living Council's latest Retirement ready report card finds planning systems are not ready.

Read on to know what the government can do to prepare...
https://www.propertycouncil.com.au/property-australia/chief-executive-planning-systems-not-retirement-ready-in-face-of-silver-tsunami

Chief Executive | Planning systems not ‘retirement ready’ in face of silver tsunami - Property Council Australia The new Housing Minister Clare O’Neil met with her state and territory counterparts yesterday.

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Qualitas has announced that Berrick Wilson has joined the firm as Co-Head of Real Estate Equity, Australia. Christine McLoughlin AM has been appointed as the new chairman of Aware Super. GHD Design has welcomed Ryan Brown as Director of Architecture and Architecture Team Leader in its Perth studio. Justin Hansen has joined URPS as a Director and leader of its new Perth office.

Full list of moves and news: https://www.propertycouncil.com.au/property-australia/people-moves-and-news-117

In this week's Property Australia Chief Executive Officer Mike Zorbas discusses the government's great no-brainer, 105,000 extra build-to-rent homes at cost to government of $9.3 million.

If Federal Parliamentarians accept the proposed improvements to the Treasury Laws Amendment Bill 2024, it will create a record setting housing contribution and alleviate the housing crisis. Will it be a reality?

https://www.propertycouncil.com.au/property-australia/chief-executive-btr-housing-double-down

Chief Executive | BTR housing double down - Property Council Australia As parliament rises this week there is more at stake for Australian housing than at any time under the Albanese government. 105,000 new build-to-rent (BTR) homes.

Demographer Simon Kuestenmacher believes retirement villages are doing “God’s work” in delaying the entry of older Australians into aged care.

https://www.propertycouncil.com.au/rlc/retirement-villages-doing-gods-work-and-governments-too

Retirement villages doing “God’s work” (and government’s too) - Property Council Australia Demographer Simon Kuestenmacher believes retirement villages are doing “God’s work” in delaying the entry of older Australians into aged care.

A broader perspective on what means is the key to achieving accessible design, according to BuildSurv's Warwick Gregg.

https://www.propertycouncil.com.au/property-australia/early-engagement-key-to-accessible-design

Early engagement key to accessible design - Property Council Australia A broader perspective on what accessibility means is the key to achieving accessible design, according to BuildServ's Warwick Gregg.

Australia’s industrial property may be entering ‘a new chapter’ with rental growth slowing despite high levels of investment and leasing activity.

https://www.propertycouncil.com.au/property-australia/industrial-market-loses-some-heat

Savills Australia

Industrial market loses some heat - Property Council Australia Australia’s industrial property may be entering ‘a new chapter’ with rental growth slowing despite high levels of investment and leasing activity.

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Cushman & Wakefield promoted Michelle La Franchi to the newly created role of Director – Digital, Innovation and Sustainability within the National Program Services (NPS) Team, focusing on the Department of Defence. Moray & Agnew announced Thomas Zilm has been appointed as a new Partner. JLL has appointed John Gunthorpe a Director of Value and Risk Advisory – Agribusiness. Gavin Boswarva has been announced as the new Executive Director, Infrastructure and Delivery at the Bradfield Development Authority.

Full list of moves and news: https://www.propertycouncil.com.au/property-australia/people-moves-and-news-116

The Australian commercial real estate market experienced significant value adjustments in Q2 2024. Ben Martin-Henry provides an overview of the Property Council/MSCI Australia Annual Property Index.

https://www.propertycouncil.com.au/property-australia/commercial-real-estate-market-experiences-value-adjustments

Commercial real estate market experiences value adjustments - Property Council Australia The Australian commercial real estate market experienced significant value adjustments in Q2 2024. Ben Martin-Henry provides an overview of the Property Council/MSCI Australia Annual Property Index.

The NSW property sector has thrown its support behind the NSW Premier’s bold move to bring public servants back to the office, saying it’s exactly what our cities need to thrive.

https://www.propertycouncil.com.au/property-australia/return-to-office-for-nsw-public-sector-workers-to-bring-vibrancy-to-cbd

Return to office for NSW public sector workers to bring vibrancy to CBD - Property Council Australia The NSW property sector has thrown its support behind the NSW Premier’s bold move to bring public servants back to the office, saying it’s exactly what our cities need to thrive.

At the Property Council’s Leaders Debate, Chief Minister Eva Lawler pledged a stand-alone housing department if re-elected, while Opposition Leader Lia Finocchiaro MLA presented her plans to boost new housing supply.

https://www.propertycouncil.com.au/property-australia/housing-takes-centre-stage-as-nt-election-looms

Property Council of Australia - NT

Housing takes centre stage as NT election looms - Property Council Australia At the Property Council’s Leaders Debate, Chief Minister Eva Lawler pledged a stand-alone housing department if re-elected, while Opposition Leader Lia Finocchiaro presented her plans to boost new housing supply.

The Property Council of Australia has welcomed ACT Labor’s commitment to deliver up to 30,000 more homes for Canberra by 2030, calling it a shot in the arm for the housing crisis.

https://www.propertycouncil.com.au/property-australia/australiansuper-and-hesta-back-assemble

AustralianSuper and Hesta back Assemble - Property Council Australia Industry super fund titans AustralianSuper and HESTA have taken a majority ownership stake in affordable housing developer Assemble.

Industry super fund titans AustralianSuper and HESTA have taken a majority ownership stake in affordable housing developer Assemble.

https://www.propertycouncil.com.au/property-australia/australiansuper-and-hesta-back-assemble

AustralianSuper and Hesta back Assemble - Property Council Australia Industry super fund titans AustralianSuper and HESTA have taken a majority ownership stake in affordable housing developer Assemble.

The Property Council of Australia’s 500 Women in Property continues to build momentum as the Champions of Change Coalition releases a new guidance report on sponsorship.

https://www.propertycouncil.com.au/property-australia/record-number-of-women-sign-up-for-sponsorship-in-property-sector

Record number of women sign up for sponsorship in property sector - Property Council Australia The Property Council of Australia’s 500 Women in Property continues to build momentum as the Champions of Change releases a new guidance report on sponsorship.

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Deborah Coakley has joined QIC to lead its Real Estate funds business and development pipeline. The Board of Housing Australia has announced its approval of the appointment of Scott Langford as Housing Australia's new CEO. The WA Government has announced the appointment of Dean Mudford as the Chief Executive Officer of DevelopmentWA, the state government’s land development agency. Colliers has announced the appointment of Kate Strickland as Head of Retail Management | Real Estate Management Services.

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The July 2024 edition of the Office Market Report is out today.

The vacancy rate in Australian offices has tightened. More than half of capital city CBDs have recorded a vacancy decrease, according to new data from the Property Council of Australia.

The report showed demand for office space was positive in both CBD and Non-CBD markets – the first time both demand markets were in positive territory since January 2023.

Property Council of Australia Chief Executive Mike Zorbas said the latest figures were encouraging.

“It is pleasing to see vacancy levels fall in half of Australia’s CBDs,” Mr Zorbas said. “There is room for very cautious optimism in parts of the office market.

“This demonstrates businesses still see a CBD location as the best place to do business.

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