Perth Timber Skyscraper Could Be World’s Tallest
The tower would top out at 183-metres if approved.
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Around the world, wooden skyscrapers are on the rise with new technologies in ‘mass timber’ resulting in more carbon-conscious buildings. It’s a trend that’s landed firmly on Australian shores, with Atlassian’s incoming Sydney headquarters opting for timber and now this 183-metre apartment tower in South Perth awaiting approval.
The building, known as C6 is a $350 million Elenberg Fraser-designed effort at 6 Charles Street and when complete will be three metres taller than Sydney’s ode to technology forged by Atlassian.
The project is said to include about 7400 cubic metres of timber in its construction — 42% of its total structure — accompanied by steel, concrete and other materials.
If approved by the City of Perth C6 will become the country’s second carbon-negative building after the Atlassian tower meaning it will remove carbon dioxide from the atmosphere rather than adding to it.
The proposal was lodged by Mr James Dibble – of Grande Development — and incorporated 245 apartments over 45 levels and an open-air public piazza on the lower floors that include an entertainment precinct.
Adding further green credentials to the build is an embedded power network that will harness energy from the elements and will feature 3500sqm of floral, edible and native gardens.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Capital cities lead the way as median home values see clear upswing
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Home values continue their upwards trajectory, recording the strongest monthly growth in 18 months, CoreLogic data shows.
The property data provider reports that their Home Value Index has noted a third consecutive rise in values in May, accelerating 1.2 percent over the past month. This is on the back of a 0.6 percent increase in March and 0.5 percent rise in April.
Sydney recorded the strongest results, up 1.8 percent, the highest recorded in the city since September 2021. The fall in Sydney’s home values bottomed in January but have since accelerated sharply by 4.8 percent, adding $48,390 to the median dwelling value.
Melbourne recorded more modest gains, with home values increasing by 0.9 percent, bringing the total rise this quarter to 1.6 percent. It was the smaller capitals of Brisbane (up 1.4 percent) and Perth (up 1.3 percent) that reported stronger gains.
CoreLogic research director Tim Lawless said the lack of housing stock was an obvious influence on the growing values.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3 percent lower than they were at the same time last year and -24.4 percent below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market.
“Amid increased competition, auction clearance rates have trended higher, holding at 70 percent or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
Vendor discounting has been a feature in some parts of the country, particularly prestige regional areas that saw rapid price rises during the pandemic – and subsequent falls as people returned to the workplace in major centres.
The CoreLogic Home Value Index reports while prices appear to have found the floor in regional areas, the pace of recovery has been slower.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centred in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
