Australia and New Zealand Property Journal – December 2013 Edition

The December 2013 edition of the Australia and New Zealand Property Journal is jam-packed with valuable news and research for the property industry.

The December 2013 edition of the Australia and New Zealand Property Journal (ANZPJ) is available now, and jam-packed with news and research for the property industry.

Its growing readership has responded enthusiastically to the carefully selected content which directly addresses the interests of property professionals both in Australia, New Zealand and around the world. Here's a summary of what you can expect:

Up on the roof: The benefits of green 'living' roofs

With the drive to increase the sustainability of the new and existing building stock, one option building owners can consider is the installation of a 'living' green roof. Green roofs are a vegetated roofing alternative to traditional impervious roofing materials, employing plants such as moss, lichen, sedum, trees, shrubs, flowers and bushes.

Clear skies ahead for Canberra

The $1.8 billion investment to redevelop Canberra Airport is one of the nation's larger, and more notable infrastructure projects.

Investment strategies and property allocation for Australian industry superannuation funds

To achieve long-term performance, Australian industry superannuation balanced funds typically invest in a range of defined asset classes based on a strategic asset allocation approach. This paper examines the scope to increase the level of property allocation in Australian superannuation balanced funds, and the implications for fund portfolios hoping to achieve stable risk-adjusted returns.

Landfill gas: Managing risk when building on or near landfills

Landfills pose a number of risks to new and existing developments which should be accounted for prior to commencement of any development. This article discusses the associated risks, the origins of various gas forms, and the risk management/mitigation options that are best employed when developing on or adjacent to landfills.

Legal Notebook

DLA Piper focus on a decision from the High Court of England and Wales, Queen’s Bench Division (Technology and Construction Court). The judgement provides a good summary of the general principles to be considered when assessing both primary liability of valuers and contributory negligence of lenders.

The Prefabrication Stigma

Despite the benefits of prefabricated construction methods and materials in appropriate applications having been well established, the Australian residential sector has largely failed to embrace prefabricated elements as part of construction practises. This paper aims to find out why.

In search of the high performance team

Research by the Australian Institute of Property Management shows mega-projects worth more than $1 billion are failing at a staggering rate of 65% and projects worth less than $500 million are failing at a rate of 35%. Thinc senior consultant Graham Scott examines why projects fail.

What do home buyers want? Household trends and buyers’ preferences

Auckland is experiencing a housing crisis in terms of both affordability and quality, fuelled by a growing population without a corresponding increase in housing supply. This paper examines the current status of the housing market in Auckland, and presents the results of a survey to identify the types of homes that first home buyers really want.

Australian commercial property investment market: Styles, performance and funding

This article, the first in a two-part series, examines the size of the Australian commercial investment property market. Part 2 compares investment performance with competing asset classes after adjusting for the reported low volatility from commercial property valuation based performance indices, and studies the impact of debt financing on commercial property fund performance.

Is your data swamping you?

Everything in commercial real estate lives and dies with its data. Massive volumes of real estate-related data can be overwhelming – but they can be a useful source of insights for property professionals. This article provides guidance for how best to manage the big data challenge.

Housing activity during business cycles

This analysis by Shane Garrett, Senior Economist at the Housing Industry Association, explores the relationship between housing activities and other economic indicators during major business cycles, all with phases of growth, contraction and recovery.

Is native title property?

The relatively recent transition of natural resources from open access to private property rights, such as native title in Australia, has highlighted the need for a greater understanding of the historical and legal roots of property.

Buyer activity – today and tomorrow

The Australian housing market has been shaken by economic uncertainty, but green shoots are starting to appear. This article investigates how different buyers are doing their part to stir the property pot, including observations and forecasts for first home buyers, upgraders, and residential investors.

The National Occupational Licensing System: Codifying real estate agents’ trust accounts

This in-depth research paper explains how educational qualifications and licensing entry requirements are an important consideration for best practice governance relating to trust accounting and management skills in a real estate agency.

Fighting Fraud

Fraud can be a serious problem for the construction sector, but there are ways to minimise the risk, writes forensic investigator Chris Watson.

Travel: Day tripping

Desperately in need of some annual leave, but plagued with cost and time constraints? This article dishes on the best mini-breaks within two hours of Australia’s buzzing capital cities. It’s not too late to turn off, tune out and put your feet up this summer.