Sydney's Rhodes East redevelopment to focus on biophilic design
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Sydney’s Rhodes East redevelopment to focus on biophilic design

The winning design for the Parramatta River precinct will be a mix of retail, dining and residential options

By Robyn Willis
Wed, Oct 5, 2022 7:00amGrey Clock < 1 min

Rhodes East in Sydney’s inner west is one step closer to rejuvenation on the Parramatta River foreshore with the announcement of the design competition winner for 25-27 Leeds Street.

The winning proposal is by award-winning architectural firm SJB and Land And Form and is based on biophilic principles, with landscape integrated throughout the collection of buildings, which will offer a mix of retail, dining and residential options across a 6,000sqm site.

Director of Land and Form Ro Iyer, said the design allows the public and private spaces to transition from the natural foreshore into more urban spaces.

“The public domain embraces the unique geographical setting and confluence of where the Parramatta River meets Rhodes,” Iyer said. “The foreshore design represents this transition from natural to urban, creating an iconic destination that looks to restore and enhance important ecological assets and allow people to actively engage with the Parramatta River, setting a high-quality precedent for the Rhodes East Precinct.”

The residential development has been designed for maximum solar comfort. At least 85 percent of apartments will have desirable outlooks, with residences facing internal courtyards still enjoying glimpses of the river.

SJB and developer Billbergia have come together again on this site, having already successfully teamed up on nearby Rhodes Central.

“SJB has a long-running connection with Rhodes, completing the first masterplan for the regeneration of the suburb in 2005,” director of SJB Nick Hatzi said. “Our proposal for Leeds Street opens up new connections to the water and reflects SJB’s approach to permeable and civic-centric mixed-use development.”

SJB and Billbergia won Development of the Year – Mixed Use at the recent Urban Developer National Awards for Industry Excellence for Rhodes Central.  



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Ray White’s chief economist outlines her predictions for housing market trends in 2024

By Bronwyn Allen
Tue, Nov 28, 2023 2 min

Ray White’s chief economist, Nerida Conisbee says property price growth will continue next year and mortgage holders will need to “survive until 2025” amid expectations of higher interest rates for longer.

Ms Conisbee said strong population growth and a housing supply shortage combatted the impact of rising interest rates in 2023, leading to unusually strong price growth during a rate hiking cycle. The latest CoreLogic data shows home values have increased by more than 10 percent in the year to date in Sydney, Brisbane and Perth. Among the regional markets, price growth has been strongest in regional South Australia with 8.6 percent growth and regional Queensland at 6.9 percent growth.

“As interest rates head close to peak, it is expected that price growth will continue. At this point, housing supply remains extremely low and many people that would be new home buyers are being pushed into the established market,” Ms Conisbee said. “Big jumps in rents are pushing more first home buyers into the market and population growth is continuing to be strong.”

Ms Conisbee said interest rates will be higher for longer due to sticky inflation. “… we are unlikely to see a rate cut until late 2024 or early 2025. This means mortgage holders need to survive until 2025, paying far more on their home loans than they did two years ago.”

Buyers in coastal areas currently have a window of opportunity to take advantage of softer prices, Ms Conisbee said. “Look out for beach house bargains over summer but you need to move quick. In many beachside holiday destinations, we saw a sharp rise in properties for sale and a corresponding fall in prices. This was driven by many pandemic driven holiday home purchases coming back on to the market.”

3 key housing market trends for 2024

Here are three of Ms Conisbee’s predictions for the key housing market trends of 2024.

Luxury apartment market to soar

Ms Conisbee said the types of apartments being built have changed dramatically amid more people choosing to live in apartments longer-term and Australia’s ageing population downsizing. “Demand is increasing for much larger, higher quality, more expensive developments. This has resulted in the most expensive apartments in Australia seeing price increases more than double those of an average priced apartment. This year, fewer apartments being built, growing population and a desire to live in some of Australia’s most sought-after inner urban areas will lead to a boom in luxury apartment demand.”

Homes to become even greener

The rising costs of energy and the health impacts of heat are two new factors driving interest in green homes, Ms Conisbee said. “Having a greener home utilising solar and batteries makes it cheaper to run air conditioning, heaters and pool pumps. We are heading into a particularly hot summer and having homes that are difficult to cool down makes them far more dangerous for the elderly and very young.”

More people living alone

For some time now, long-term social changes such as delayed marriage and an ageing population have led to more people living alone. However, Ms Conisbee points out that the pandemic also showed that many people prefer to live alone for lifestyle reasons. “Shorter term, the pandemic has shown that given the chance, many people prefer to live alone with a record increase in single-person households during the time. This trend may influence housing preferences, with a potential rise in demand for smaller dwellings and properties catering to individuals rather than traditional family units.”

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