Message from the CEO
Contrary to national folklore, the typical Aussie is more likely to be a city dweller than a person from the bush. We are one of the most urbanised countries in the world, with the great majority of us living in a mere handful of cities. For our biggest urban hubs, this concentration has come at a cost: urban sprawl, long commutes and heavy traffic. Only two weeks ago, the NSW government adopted a plan which tries to address these problems. Based on the Greater Sydney Commission’s vision for three distinct but connected cities – eastern, central and western – the plan responds to the desire of Sydneysiders to live closer to where they work, and to have more convenient access to education, health and other amenities.
Gold Coast’s Property Outlook
Known as a “world-class coastline”, the Gold Coast was ranked as the strongest market in Queensland and among the top 10 nationally in 2017. Its housing market experienced an increase median sale price of 7.7% in 2017— a drastic contrast compared to its neighbour, Brisbane, which recorded an increase of only 2.6% (Source: Real Estate Institute of Queensland Report 2017). But these statistics come as no surprise. The Gold Coast region has been experiencing substantial property growth over the past 5 years, witnessing a 36% and 23% increase in the number of houses and apartments respectively.
Australia, the productive country
Australia’s high GDP per capita is one component that contributes to quality of life. When ranked against the world’s best, all of Australia’s states and territories performed well in 2017, all within the top 30. The Northern Territory, ACT and Western Australia are all in the top ten when ranked against the world’s most productive economies. The top 20 includes Australia’s largest states: New South Wales, Victoria and Queensland. While South Australia and Tasmania are further behind, they are still in the top 30.
MacroPlan Project of the Month: Dunmore Resource Recovery Upgrade
The MacroPlan project management team has managed the delivery of the final stage of the Dunmore Resource Recovery Facility for Shellharbour City Council. The Dunmore Resource Recovery redevelopment included the construction of a new transfer station and a Food Organics & Green Organics (FOGO) processing facility. These improvements will make it possible for Shellharbour City Council to provide a more frequent domestic waste management service and achieve improved environmental outcomes by diverting 75% of the waste received at the site from landfill.
Autropolis video series with Brian Haratsis: What will happen to the current fleet of cars on the road following the introduction of automated vehicles?
New runway to generate $5 billion in annual economic benefit
In SEQ, several multi-billion dollar projects are underway which when considered together simply redefine and modernize the region. One of the biggest agents of change is happening at the city’s aviation gateway. Australia’s largest aviation construction project is approaching its finals stages of delivery and that is Brisbane’s second runway. In 2020 after eight years in the making, Brisbane will have what will be the best runway system in Australia and possibly the southern hemisphere. The new runway is a key piece of infrastructure that will almost guarantee the ongoing growth of the SEQ region, the State of Queensland and the nation.
Planning reforms to unlock $360 million
Planning has a direct impact on economic activity and on housing affordability across Australia. On average, more than $100 billion of construction activity (excluding mining) passes through the planning system each year. MacroPlan recently undertook state-by-state research for the Property Council of Australia’s Residential Development Council (RDC) to assess the practice of state agency referrals for development projects. Our research found that the practice of referring projects to a myriad of state agencies for advice or concurrence requires developers to navigate what can be a complex system of review checkpoints.