Investing To Protect The Oceans
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,619,543 (+1.02%)       Melbourne $993,415 (+0.43%)       Brisbane $975,058 (+1.20%)       Adelaide $879,284 (+0.61%)       Perth $852,259 (+2.21%)       Hobart $758,052 (+0.47%)       Darwin $664,462 (-0.58%)       Canberra $1,008,338 (+1.48%)       National $1,044,192 (+1.00%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $750,850 (+0.34%)       Melbourne $495,457 (-0.48%)       Brisbane $530,547 (-1.93%)       Adelaide $452,618 (+2.41%)       Perth $435,880 (-1.44%)       Hobart $520,910 (-0.84%)       Darwin $351,137 (+1.16%)       Canberra $486,921 (-1.93%)       National $526,132 (-0.40%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 10,060 (-129)       Melbourne 14,838 (+125)       Brisbane 7,930 (-41)       Adelaide 2,474 (+54)       Perth 6,387 (+4)       Hobart 1,349 (+13)       Darwin 237 (+9)       Canberra 988 (-41)       National 44,263 (-6)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,768 (-27)       Melbourne 8,244 (+37)       Brisbane 1,610 (-26)       Adelaide 427 (+6)       Perth 1,632 (-32)       Hobart 199 (-5)       Darwin 399 (-5)       Canberra 989 (+1)       National 22,268 (-51)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $600 ($0)       Brisbane $640 ($0)       Adelaide $600 ($0)       Perth $650 (-$10)       Hobart $550 ($0)       Darwin $700 ($0)       Canberra $680 (-$10)       National $660 (-$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $585 (-$5)       Brisbane $635 (+$5)       Adelaide $495 (+$5)       Perth $600 ($0)       Hobart $450 (-$25)       Darwin $550 ($0)       Canberra $570 ($0)       National $592 (-$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,449 (+85)       Melbourne 5,466 (+38)       Brisbane 3,843 (-159)       Adelaide 1,312 (-17)       Perth 2,155 (+42)       Hobart 398 (0)       Darwin 102 (+3)       Canberra 579 (+5)       National 19,304 (-3)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,769 (+82)       Melbourne 4,815 (+22)       Brisbane 2,071 (-27)       Adelaide 356 (+2)       Perth 644 (-6)       Hobart 137 (+2)       Darwin 172 (-4)       Canberra 575 (+6)       National 16,539 (+77)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.57% (↓)       Melbourne 3.14% (↓)       Brisbane 3.41% (↓)       Adelaide 3.55% (↓)       Perth 3.97% (↓)       Hobart 3.77% (↓)     Darwin 5.48% (↑)        Canberra 3.51% (↓)       National 3.29% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.19% (↓)       Melbourne 6.14% (↓)     Brisbane 6.22% (↑)        Adelaide 5.69% (↓)     Perth 7.16% (↑)        Hobart 4.49% (↓)       Darwin 8.14% (↓)     Canberra 6.09% (↑)      National 5.85% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 30.2 (↑)      Melbourne 31.9 (↑)      Brisbane 31.5 (↑)      Adelaide 26.3 (↑)      Perth 35.7 (↑)        Hobart 32.0 (↓)     Darwin 36.4 (↑)      Canberra 30.8 (↑)      National 31.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 30.8 (↑)      Melbourne 31.3 (↑)      Brisbane 30.2 (↑)        Adelaide 24.1 (↓)     Perth 39.4 (↑)      Hobart 35.1 (↑)      Darwin 47.9 (↑)      Canberra 41.7 (↑)      National 35.1 (↑)            
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Investing To Protect The Oceans

Why investing in ‘blue-bonds’ could pay.

By Karen Hube
Fri, Mar 26, 2021 10:34amGrey Clock 2 min

Through the explosive rise of environmental, social, and governance (ESG) investing in recent years, the “E” in ESG has been almost entirely defined by efforts to address climate and terrestrial problems. Investors wanting to leverage their capital to improve the health of the world’s oceans haven’t had an abundance of options.

But that is finally beginning to change. Some public investments such as new so-called blue bonds—the blue referring to oceans and waterways—and stocks of companies with innovative ocean-protective policies are liquid entry points for investors. Meanwhile, direct private investment options have been opening up for wealthy folks who can tolerate investment lockup periods and high minimum investments.

“ESG and impact investments directly addressing oceans are taking time to develop,” says Justina Lai, chief impact officer at Wetherby Asset Management, a San Francisco wealth management firm specializing in ESG. “But it’s an area that has garnered more interest in the past two or three years as awareness grows.”

Blue Bonds

Among the newest options are blue bonds, whose proceeds are used to fund ocean-related projects aimed at preserving and protecting the environment.

The first issuance was in 2018 by the Republic of the Seychelles to fund sustainable fisheries. More recently, Morgan Stanley underwrote the World Bank’s $10 million issuance of 30-year blue bonds.

“Our goal is to connect capital with solutions, to drive impact around issues of plastic waste,” says Matthew Slovik, head of global sustainable finance for Morgan Stanley, which in 2019 resolved to reduce and prevent 50 million metric tons of plastic waste by 2030.

Critical to the acceleration of change is making impact and ESG investments accessible to average investors. Morgan Stanley is doing its part by offering low minimum investment—$10,000—ESG portfolios that include ocean-supportive investments, Slovik says.

Private Investments

Opportunities are broadest in the private investing arena, where pioneering venture, private equity, and debt funds are channelling capital into companies with innovative ideas for addressing marine challenges.

Among them is Closed Loop Partners, a New York investment firm committed to helping build a circular economy in which products are reused and waste is eliminated before it can reach the oceans. For example, its Closed Loop Venture Fund invests in a Chilean start-up called Algramo, which creates refill stations for household products such as detergent, condiments, rice, and other staples.

Circulate Capital, a Singapore-based private investment company, similarly focuses on plastic reduction in nations including India, the Philippines, Thailand, Vietnam, and Indonesia. Coca-Cola, PepsiCo, and Unilever are among investors in the Circulate Capital Ocean Fund, among whose underlying investments are Ricron Panels, a Gujarat, India-based recycler of plastic waste into materials for furniture and building construction, and Tridi Oasis, an Indonesian converter of PET (polyethylene terephthalate) bottles into flakes used in packaging.

There’s great potential for growth for innovators in the blue economy, says Mark Huang, co-founder and managing director of SeaAhead, which provides a start-up platform for blue innovators and last year launched the Blue Angel Investment Group to connect investors with promising start-ups. The Paris- based Organisation for Economic Cooperation and Development estimates the blue economy will double to $3 trillion by 2030.

Blue Angel’s debut was met with the challenging circumstances created by Covid-19, but by February this year had already doubled its entire 2020 capital. Among its investments: Beta Hatch, a young Seattle firm that creates feed for poultry out of mealworms, replacing the typical feed made from ground fish—a product leading to overfishing in the oceans, Huang says.



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Original ‘Harry Potter’ Illustration Could Fetch US$600,000, the Priciest Item Ever Sold From the Hit Series
By LAUREN PEACOCK
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An original watercolour illustration for the cover of Harry Potter and the Philosopher’s Stone, 1997  the first book in J.K. Rowling’s hit series—could sell for US$600,000 at a Sotheby’s auction this summer.

The illustration is headlining a June 26 sale in New York that will also feature big-ticket items from the collection of the late Dr. Rodney P. Swantko, a surgeon and collector from Indiana, including manuscripts by poet Edgar Allan Poe and Arthur Conan Doyle, author of the Sherlock Holmes books

The Harry Potter illustration, which introduced the young wizard character to the world, is expected to sell for between US$400,000 to US$600,000, which would make it the highest-priced item ever sold related to the Harry Potter world. This is the second time the illustration has been sold, however—it was on the auction block at Sotheby’s in London in 2001, where it achieved £85,750 (US$107,316).

The artist of the illustration, Thomas Taylor, was 23 years old at the time and a graduate student working at a children’s bookshop. According to Sotheby’s, Taylor took a “professional commission from an unknown author to visualise a unique wizarding world,” Sotheby’s said in a news release. He depicted Harry Potter boarding the train to Hogwarts on platform9 ¾ platform, and the illustration became the “universal image” of the Harry Potter series, Sotheby’s said.

“It is exciting to see the painting that marks the very start of my career, decades later and as bright as ever! It takes me back to the experience of reading Harry Potter for the first time—one of the first people in the world to do so—and the process of creating what is now an iconic image,” Taylor said in the release.

Meanwhile, to commemorate the 175th anniversary of Edgar Allan Poe’s For Annie , 1849, Sotheby’s recently reunited the autographed manuscript of the poem with the author’s home, Poe Cottage, in the Bronx.

The cottage is where the author lived with his wife, Virginia, and mother-in-law, Maria Clemm, from 1846 until he died in 1849. The manuscript, also from the Swantko collection, will remain at the home until it is offered at auction at Sotheby’s on June 26 with an estimate between US$400,000 and US$600,000.

The autographed manuscript will remain at Poe Cottage until it is offered at auction at Sotheby’s on June 26.
Matthew Borowick for Sotheby’s

Poe Cottage, preserved and overseen by the Bronx County Historical Society, is home to many of the author’s famous works, including Eureka , 1948, and Annabel Lee , 1927.

“To reunite the For Annie manuscript with the Poe Cottage nearly two centuries after it was first composed brought to life literary history for a truly special and unique occasion,” Richard Austin , Sotheby’s Global Head of Books & Manuscripts, said in a news release.

For Annie was one of Poe’s most important compositions, and was addressed to Nancy “Annie” L. Richmond, one of the several women Poe pursued after his wife Viriginia’s death from tuberculosis in 1847.

In a letter to Richmond herself, Poe proclaimed For Annie was his best work: “I think the lines For Annie much the best I have ever written.”

The poem was composed in 1849, only months before Poe’s death, Sotheby’s said in the piece, Poe highlights the romantic comfort he feels from a woman named Annie while simultaneously grappling with the darkness of death, with lines like “And the fever called ‘living’ is conquered at last.”

Poe Cottage, preserved and overseen by the Bronx County Historical Society, is home to many of the author’s famous works, including Eureka, 1948, and Annabel Lee,, 1927.
Matthew Borowick for Sotheby’s

In the margins of the manuscript are the original handwritten instructions by Nathaniel P. Willis, co-editor of the New York Home Journal, where Poe published other poems such as The Raven and submitted For Annie on April 20, 1849.

Willis added Poe’s name in the top right and instructions about printing and presenting the poem on the side. The poem was also published in the Boston Weekly that same month.

Another piece of literary history included in the Swantko sale could surpass US$1 million. Conan Doyle’s autographed manuscript of the Sherlock Holmes tale The Sign of Four , 1889, is estimated to achieve between US$800,000 and US$1.2 million.

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