August message from Michael Tilt, CEO

Our big news for the month is that we have launched a new Projects Division.

MacroPlan is now the only national planning and economics firm that also provides an integrated project delivery service.  It means that we can offer a fully-integrated service to our clients, from economic research and site identification, through to project design, advisory and approvals.

Melbourne has again received the nod from The Economist magazine as being the most liveable city in the world – for the fifth year in a row.  But it’s not just our fellow ‘southerners’ who can take pride in the results.  Three other of the top eight liveable cities were Australian (Adelaide, Sydney, Perth) and Australian cities generally were found to be ‘a relative picture of stability’.

Our Chairman, Brian, will be playing his part in keeping Melbourne in pole position.  He’s just been appointed to the Victorian Planning Authority (VPA).  Building on the success of the Metropolitan Planning Authority (MPA) in planning new and established suburbs, the VPA will also extend its focus to Victoria’s diverse regional cities and towns.  According to the VPA, this ‘requires vision and long-term planning, to ensure Victorians have equitable access to employment, public transport, attractive public space and affordable housing.’

If auction clearance rates are anything to go by, Sydney might be heading up the list of most desirable world cities.  Just over a week ago, the rate of clearance at Sydney auctions surged to 86%, an increase of 10% on this time last year.  As Alan Kohler wrote in The Australian: ‘Sydney just happens to be where people want to live and invest and, at the moment, there’s a lack of supply.’

It is interesting to note too, that the transformation of Sydney’s skyline is being considered under the newly exhibited Central Sydney Planning Strategy. Under the strategy buildings could soar to heights of 310 metres, up from the current restriction of 235 metres, as part of a package that aims to encourage new commercial and retail spaces, and increase the supply of affordable housing.

Ensuring its piece of the action, Brisbane’s CBD is set to be transformed through a series of major projects due for completion by 2022.  Valued at more than $10 billion, the projects include the Queens Wharf casino and entertainment complex, the Howard Smith Wharves redevelopment and the Brisbane Quarter on the site of the old Supreme Court.  Government and private enterprise should continue to work together to deliver these projects which will be catalysts for Queensland’s development.

To discuss any of the items mentioned above, please contact my office on 02 9221 5211 or send an email to tilt@macroplan.com.au .

Michael Tilt

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