Sydney Design Week heads west as Powerhouse eyes off future in Parramatta | Kanebridge News
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Sydney Design Week heads west as Powerhouse eyes off future in Parramatta

A full program of talks, tours and workshops highlights the role of design in everyday life

By Robyn Willis
Thu, Sep 15, 2022 12:22pmGrey Clock < 1 min

Sydney Design Week kicks off at the Powerhouse Museum today with a program packed with talks, workshops and tours focused on the public and personal role of design in our lives. 

Along with a series of events at the Ultimo venue, Design Week will be spreading its wings across Greater Sydney, as it moves towards the opening of the $400 million Powerhouse Parramatta building in 2024.

Starting tonight with an industry event, Powerhouse Late, Design Week opens up to the wider public in coming days, with a walking tour of major new architecture around Parramatta, Making Western Sydney on Saturday a highlight. There will also be a talk about the controversial Powerhouse Parramatta site at Western Sydney University’s Innovation Hub featuring the architectural partnership of Moreau Kusunoki (Paris) and Genton (Sydney).

First nations designers Shannon Foster and Jo Kinniburgh will host a walking tour, Design Studio in Focus, departing from the Ultimo site, while designer furniture retailer, Cult, will host a workshop based on Cultivated, the restoration arm of its business, showcasing the revival of a set of Arne Jacobsen Series 7 chairs.

Film lovers can head to the Golden Age Cinema in Surry Hills to watch a series of films on designers across the decades.

Powerhouse chief executive Lisa Havilah said the Powerhouse Museum had renewed its focus on the importance of design in the modern world.

Sydney Design Week offers a dedicated platform to spotlight the incredible innovation propelling the Australian design industry, whilst also connecting audiences with the work of remarkable international designers engaging with social and cultural issues of today.” 

More information: https://www.maas.museum/media-story/sydney-design-week-2022/

 

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RMIT expert says a conflation of factors is making the property market hard than ever to predict

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A leading property academic has described navigating the current Australian housing market ‘like steering a ship through a thick fog while trying to avoid obstacles’.

Lecturer in RMIT’s School of Property Construction and Project Management Dr Woon-Weng Wong said the combination of consecutive interest rate rises aimed at combating high inflation, higher property prices during the pandemic and cost of living pressures such as the end of the fuel excise that occurred this week made it increasingly difficult for those looking to enter or upgrade to find the right path.

“Property prices grew by approximately 25 percent over the pandemic so it’s unsurprising that much of that growth ultimately proved unsustainable and the market is now correcting itself,” Dr Wong says. “Despite the recent softening, the market is still significantly above its long-term trend and there are substantial headwinds in the coming months. Headline inflation is still red hot, and the central bank won’t back down until it reins in these spiralling prices.” 

This should be enough to give anyone considering entering the market pause, he says.

“While falling house prices may seem like an ideal situation for those looking to buy, once the high interest rates, taxes and other expenses are considered, the true costs of owning the property are much higher,” Dr Wong says. 

“People also must consider time lags in the rate hikes, which many are yet to feel to brunt of. It can take anywhere from 6 to 24 months before an initial change in interest rates eventually flows on to the rest of the economy, so current mortgage holders and prospective home buyers need to take this into account.” 

 

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