Property Council of Australia

The Property Council of Australia has announced the important role the property industry will play in achieving net zero as NSW decarbonises its economy.

NSW director Luke Achterstraat said as NSW invests $4.8 million in speeding up the transformation of the state&rsquo;s built environment towards net zero emissions, buildings can provide some of the least cost abatement opportunities in the economy.&nbsp;

<blockquote>
&ldquo;Accelerating Australia&rsquo;s transition to sustainable housing could both protect the home building sector, as well as spur growth in delivering more than half a billion dollars of additional investment in the construction industry by 2030 and create over 7,000 new jobs,&rdquo; Achterstraat said.
</blockquote>

Effectively, this would also save Australians $600 million on their energy bills.&nbsp;

According to the Property Council, upgrading the energy efficiency of Australia&rsquo;s commercial buildings would not only stimulate economic activity through inputs of local labour, it would also deliver an estimated $12 billion in energy savings between 2016 and 2030.

&ldquo;Since efficient buildings are also healthier and more productive, gains in staff productivity are likely to dwarf the benefits in energy savings.&rdquo;

[smartcode_project:default project_id=7149 project_image_fid=175541]

According to the <a href="https://arena.gov.au/renewable-energy/renewables-in-buildings/">Australian Renewable Energy Agency</a> (ARENA), buildings account for more than half of the nation&rsquo;s electricity consumption and are a major driver of &lsquo;peak demand&rsquo;.

An additional 2019 study revealed that the construction, operation and maintenance of buildings account for almost a <a href="https://theconversation.com/buildings-produce-25-of-australias-emissions-what-will-it-take-to-make-them-green-and-wholl-pay-105652">quarter of greenhouse gas emissions</a> in Australia.

&ldquo;We encourage the NSW State Government to leverage the unique opportunity the built environment offers to dramatically reduce carbon emissions in highly cost effective ways that will also stimulate the economy,&rdquo; Achterstraat said.&nbsp;

&ldquo;As Australia heads towards a low emissions economy, governments must provide a clear pathway of policies that give certainty to industry and create economic opportunities for Australian businesses.&rdquo;

[smartcode_project:default project_id=7758 project_image_fid=150461]

Other key industry bodies, including the&nbsp;Green Building Council of Australia (GBCA), are also encouraging the government to make use of the largely untapped emissions reduction opportunities available within the sector.&nbsp;

GBCA CEO Davina Rooney&nbsp;Australia&rsquo;s property sector is already&nbsp;leading the way in carbon reduction&nbsp;and making commitments at COP26 can help the Australian Government build on this work.&nbsp;

Facilitating the transition of Australia&rsquo;s building sector towards an economy for the future is critical in improving and sustaining the future liveability, productivity and sustainability of our communities and cities.

Achterstraat concluded: &ldquo;With the right policy frameworks in place, we can minimise the costs of a transition&nbsp;to net zero emissions and create economic opportunities across all parts of industry, from sole traders and homeowners to large businesses.&rdquo;&nbsp;&nbsp;

Buildings account for more than half of the nation’s electricity consumption and are a major driver of ‘peak demand’

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Property industry to play a pivotal role in the race to net zero, says Property Council

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The latest ANZ/ Property Council Survey has revealed improved confidence in NSW property industry.
Due to a strengthening residential market and better growth expectations, there is overall a more positive outlook. 
NSW property industry confidence has increased by eight index points from 116 to 124 over the quarter and has increased may five index points over the 12 months to March 2020. A score of 100 is considered neutral. 
<img src="https://www.urban.com.au/images/2020/1/16/3_NEWS_Property%20Confidence.png" alt="" width="531" height="349">
Source: <a href="https://cdn2.hubspot.net/hubfs/2095495/_Research%20Team/ANZ%20Survey/2020%20March%20quarter/Chartbook%20-%202003%20FINAL.pdf?__hstc=213300875.79fa69bde41474af79871c79d92bea5b.1579136563697.1579136563697.1579136563697.1&amp;__hssc=213300875.1.1579136563697&amp;__hsfp=4014726355&amp;hsCtaTracking=2ade8377-ab3a-4cd6-ae15-875aa9d77b24%7C4a7af820-7d84-4e19-a239-07b53c04c9ce" target="_blank">2020 ANZ/Property Council Survey Chart Book, MAR QTR.</a>
Political uncertainty in the first half of 2019 and changes in the banking and financial sector which, as shown in the graph, saw a significant drop in confidence. Meanwhile, the last six months have shown a more positive outcome with an increase in confidence across the industry, an improved outlook for the residential market and major investment into the economy via large infrastructure projects underway across NSW.
 
<img src="https://www.urban.com.au/images/2020/1/16/3_NEWS_Property%20Confidence%20Monthly.png" alt="" width="701" height="479">
 
Property Council NSW executive director, Jane Fitzgerald said the growth of some confidence in the residential market is a positive sign for the state economy, and with better growth expectations across this sector and better availability of finance for housing.
"We hope to see continued growth in confidence.
"Though we are seeing more positive signs, we must not forget that overall housing approvals and construction forecasts remain slow across the state, and this continues to have an impact on housing supply and affordability.
"The recent announcement by the NSW Premier that planning reform will be a major focus for the government in 2020 comes at a critical time, with the state economy slowing and housing approvals weakening following a significant period of growth. 
"Planning reform and the impact of the existing regime of property fees, taxes and charges across local and state government are still critical issues for the property industry, and we welcome the NSW Government's commitment to focusing on these reforms in 2020. 
"We must continue to be vigilant - we need a better planning system that will provide greater certainty for the community and industry to enable our state to grow well, while supporting investment and better productivity, more jobs and more affordable housing." 
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NSW property industry confidence improves, ANZ survey

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Lost yesterday in the mainstream media's penchant for selecting controversial headlines was a document released by the Property Council of Australia (PCA). While radio and online outlets ran with the well worn 'Richmond station to become high-rise enclave' line, 19 other pivotal sites within the document failed to generate comment.
The preamble, and basis for the report reads as follows:
<blockquote>
	At a time when public finances are already under pressure, the best kinds of projects are those that come at little or no cost to government. What better option than to unlock underutilised publicly owned land that is ripe for private sector investment.
	This report lists Victoria's top 20 publicly-owned property assets that the government can immediately bring to market. By opening these prime sites to investment, the government can stimulate economic activity and enable the private sector to do what it does best: invest, employ and grow the economy.
</blockquote>
<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image13_13.jpg" rel="gallery-all" title="Project distribition through greater Melbourne. Image © PCA"><img alt="" class="image-article-full-width-580px" height="679" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image13_13.jpg?itok=CjuKOnYd" title="Project distribition through greater Melbourne. Image © PCA" width="580"></a>
On the basis of the above assertion PCA's Victorian division have selected 20 development sites with a nominal combined end value in the vicinity of $6.5 billion. While Richmond Station's expected development value is between $250-500 million, the remaining $6 billion worth of development usurps it comfortably.
The reports methodology was devised by <a href="http://www.macroplan.com.au/">MacroPlan Dimasi</a>, with four key criteria selected in order to best reach "A balanced outcome for both government and the private sector." Size, timing, partnership and use mix were the decisive criteria which ultimately allow the grading of projects via a matrix that favoured larger, mixed-use projects delivered within a swift time frame via the private sector.
Of particular interest are the six transport projects which essentially refer to intensive redevelopment of rail stations and/or adjacent land tracts. Known intended developments such as Richmond Station have been joined by newer inclusions such as Essendon and Tooronga Stations. The thrust to develop land around rail stations continues in earnest - just don't mention Camberwell Station.
<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image41_2.jpg" rel="gallery-all" title="The fast track to success. Image © PCA"><img alt="" class="image-article-full-width-580px" height="581" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image41_2.jpg?itok=k8HfU2JH" title="The fast track to success. Image © PCA" width="580"></a>
By and large the report covers many mooted public land developments that have been talked about in one form or another in recent years. Naturally there is a self-serving element within the report, although 20 Projects does manage to bundle these sites together serves to sharpen focus.
The worthwhile read can be viewed in full via the <a href="http://www.propertyoz.com.au/library/20%20Projects%20Victorias%20Best%20Investment%20Sites%20Report.pdf">Property Council of Australia's website</a>.
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