The Urban Developer Plans for the new luxury Ritz-Carlton hotel and apartment tower at The Star casino complex in Pyrmont have been rejected by the state’s Independent Planning Commission. The IPC refused the application on Wednesday – agreeing with the planning department’s assessment that “on balance the public benefits do not outweigh the impacts associated…
The chief executive of technology giant IBM has urged Australian business leaders to plan for dramatic changes to their organisations and the workforce caused by artificial intelligence and advances in quantum computing. Ginni Rometty, who has run the $US120 billion company since 2012 and is in Australia to sign an AI deal with Woodside Petroleum…
Minister Stuart Roberts fronted the National Press Club this afternoon, announcing a plan to deliver the final 20% of the NDIS and “set it up for future success.” There was a lot of talk about the progress the government has already made. But, significantly more interestingly, there was also some promises of changes to come…
Key points The Australian population is ageing, and this presents both challenges and opportunities for Australian policy-makers. The key challenge is that there are likely to be increasing fiscal demands from an older demographic for services such as long-term care and programs such as the Age Pension (AP). On the other hand, there are opportunities…
The Urban Developer Investors in the Asia Pacific are doubling down on markets that are “large, liquid and defensive” as real estate globally enters a period of slower growth, according to a 2020 Asia Pacific real estate forecast published by PwC and the Urban Land Institute. Read the full article on The Urban Developer: https://theurbandeveloper.com/articles/emerging-trends-in-real-estate
The Urban Developer Sydney and Melbourne dwelling prices are forecast to drive the nation’s housing market bounce back next year. SQM Research tips Sydney could rise between 10 to 14 per cent and Melbourne 11 to 15 per cent over 2020. Read the full article on The Urban Developer: https://theurbandeveloper.com/articles/-property-prices-forecast-to-rise-in-2020
What are the statistics in our sector? A $134 billion industry that is growing by 2.8% annually 1.1 million people are employed in the construction industry Women only make up only 2-3% of the of industry’s on site workforce, Less than 11% in total Female Representation in Australia Construction: 11.8% of employees 16% of managers…
Approximately 5.3 per cent of Australian veterans who left the Australian Defence Force (ADF) between 2001 and 2018 experienced homelessness, AHURI research has revealed. This rate of 5.3 per cent, which equates to 5,767 veterans, is significantly higher than that for the general population (1.9%), and although these rates are not directly comparable, this finding…
The Urban Developer Short-term conditions in the new-construction apartment market are likely to remain tough for developers, as the tail end of the last construction cycle is absorbed. While market sentiment improved in this year’s third quarter, much like the outlook for Sydney’s apartment market, the JLL report forecasts a “stabilisation rather than a rebound”…
The Urban Developer New plans to revitalise Brisbane’s CBD riverfront, a 1.2 kilometre stretch of river frontage from the City Botanic Gardens to Howard Smith Wharves, has been released. New ferry and CityCat terminals are included in Brisbane City Council’s draft master-plan, which aims to improve river access and cement the CBD river frontage into…