Stan Zaslavsky

Welcome to August, and we’re now nearly at the end of winter.

With the last gasps of winter and warmer weather on the way, developers are entering this spring project season with mixed energy. In the two largest auction markets in Victoria and NSW, the property is selling at or above 60% (according to https://www.realestate.com.au/auction-results/), which for all intents and purposes, is a pretty solid market.

Victorian government seems to be also considering radical planning changes to solve the housing crisis. Still, it seems exceptionally difficult as the material prices and construction costs are quite high, whilst, on the demand side, there is a massive influx of migrants into the country supporting the property price points.

ABS released the following two graphs in the last month – one about dwelling approvals and the other relating to the value of all buildings approved.

And if we look at the seasonally adjusted trend of the private sector excluding houses – which includes most of the development activity, that level is down to around where approvals were in the 2012-2013 period, which wasn’t experiencing anywhere near the level of immigration as we are right now. On the flip side the value of all dwellings approved is as per the chart below:

So the value of the approved dwellings is much higher than in 2012; only the actual quantity of approved dwellings is insufficient to satisfy the demand. And the hope is that radical changes are underfoot, only that from what we’re seeing in the media is that in Victoria these changes will be more aimed at assisting the renters rather than helping developers and investors produce more dwellings for the market. There are also some commentators that are suggesting that the immigration numbers need to be reduced to first catch up with our demand challenges.

But to prove the point with the price of housing in Victoria – Melbourne’s house price have risen for the first time in a year and a half. So interesting times are ahead as amid further residential and commercial construction companies’ woes, it’s no surprise why so many developers are nervous.

In our news, we were thrilled to hear that the Point Nepean Rd Boathouse in Sorrento received its planning permit from VCAT – it was very welcome after a couple of refusals on some of the visual impact evidence projects we worked on. And we’re about to start building a 3D Revit BIM model for a build-to-rent development – it’ll be used as a federated model to provide various trades and the production of tender and construction documentation. It’s something we’ve done in the past – just not at the scale of the current building with four residential towers. So across this and several others, it’s panning out to be quite a busy spring period.



Thought Leadership – Part 2: Podcast


For the feature video interview this month, we’re continuing the Thought Leadership series and in the part 2 episode – Mike Scott talks about how he created a podcast which was a primary engine for his lead generation. The results spoke for themselves, as he had managing directors of banks and other extremely difficult-to-get-to people approach him directly and many of them proceeded to engage his company’s services.

Click here to check out the next episode.



Sorrento Boathouse


The feature project this month was something I’ve been waiting to feature for a little while – it was a pretty exciting project to be involved with and it just received its approval to proceed after an extended and arduous battle through VCAT. We were briefed to create four camera point views and montage the proposed building into the selected photos for the custom boathouse project in Sorrento. As the site access was constrained, getting the photography and 3D point cloud survey right from the outset was critical.

The key to the photos was to have the right balance between having a sufficient surrounding environment together with an accurate representation of how typical human eyesight would perceive the proposed development.

Click here to check out the project visualisation.


Journey to Ironman


Since returning from our Singapore and Taiwan overseas adventure, I’ve been thrust right back into training – thanks, coach!

But the hours of training are creeping up to about 10-12 per week, and even though I’m now training seven days a week, there is enough rest and a variety of activities over the days to make sure that I’m well-rested for the next intense training session. I’m also grateful to have intermediate milestones to help train during the winter when it’s wet and miserable outside.

One of these events coming up is the Adelaide Half Marathon on August 27 – I’ve done this race many times before, but this time its a lot more meaningful because it’ll provide a valuable marker to how quickly I can expect to go for the Ironman triathlon in December and how well the training has been going. As usual, there are always body niggles, but overall I’m injury free and keen to have a good go at it in roughly four weeks.

I have also been getting pretty inspired around the training thanks to the athletes in the Flow squad around me and the wider circle – if ever planning to undertake something as crazy as an Ironman, make sure you’ve got the cohort around you to help push you forward!

I look forward to being in touch, and all the best to you and your projects,

 

Stan Zaslavsky.

           
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