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REIQ Journal : August 2008
10 INDUSTRY NEWS Heritage Pacific’s Forest Ridge at Narangba took out the award for Masterplanned Development developments celebrated Australia a shining example of real estate transparency Australia’s real estate market remains among the most transparent in the world according to the latest Global Real Estate Transparency Index from Jones Lang LaSalle and LaSalle Investment Management. The Index, which provides a rigorous framework for comparing the level of real estate transparency in 82 markets around the world, shows that nearly half of the countries surveyed in 2006 demonstrated a significant improvement in their transparency score two years later. Jones Lang LaSalle head of research and consulting Kathryn Matthews said there is very little difference in the transparency scores of the top four countries in the world – Canada, Australia, the United States and New Zealand. “[The Index] is a useful tool for global investors to gain a better understanding of the risk return characteristics of global real estate investment. Australia’s level of transparency, on a like for like basis, has not changed since the last survey done in 2006,” she said. 2008 top ten most transparent countries 1 Canada 2 Australia 3 United States 4 New Zealand 6 Netherlands 7 France 8 Sweden 9 Belgium 5 United Kingdom 10 Ireland REIQ Journal August 2008 Environmental sustainability and the social role of developments were key trends amongst the 15 winners of the 2008 Urban Development Institute of Australia Suncorp Queensland Awards for Excellence in late June. UDIA Queensland president Brett Gillan said the awards represented the finest quality of development Queensland had to offer. “I would especially like to note the geographic spread of our winners this year. Northern and Central Queensland in particular have done exceptionally well, taking out three of the top spots,” he said. While environmentally sensitive design has been front-of-mind for developers for quite some time, Mr Gillan said the nominated projects this year were exceptional in this regard. “Going green is no longer an optional extra, our industry is driving this trend forward with passion and vigour. It is the way of the future,” he said. This year’s winners were also commended for their attention to how a project would not only allow users to interact with each other, but how the development would interact with the wider community. Seven of the Queensland winners will go on to vie for an Australian title at the National UDIA Awards for Excellence to be held at the UDIA National Congress in Brisbane next year. To see the complete lit of 2008 winners visit www.udiaqld.com.au Australian renovators go for green Australian renovators are going green to combat the rising costs of energy and water and to increase the future value of their homes. Archicentre, the building advisory service of the Australian Institute of Architects, has released its 2008 Climate Change Renovation Trends, which shows a strong recognition of the effect of climate change on property values and operating costs. Archicentre managing director Robert Caulfield said the results of the Renovation Trend survey reflected an increasing awareness of energy use. Clients are specifying energy saving appliances and other design measures such as double glazing, solar panels, smart switching and extra insulation. Energy saving trends in renovations (Australia-wide): Solar hot water Extra Insulation Gas heating Solar panels Energy efficient lighting Double glazing Smart wiring/ movement sensors None of the above 24.7% 0.9% 79.0% 85.8% 47.5% 48.4% 74.4% 57.5%