DOCSLIB.ORG

North Shore Office Market Indicators As at January 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
North Shore Office Market Indicators As at January 2019 RESEARCH North Sydney awaits the completion Gross face rents in North Sydney Investment volumes across the of over 145,000 sq m of new office continued to rise in conjunction with North Shore markets totalled $2.14 space, which will bolster absorption falling incentives over the past 12 billion, with over 80% of capital levels and deliver new entrants to months. The short term supply drought coming from offshore buyers in the the market over the next two years. will see rental growth remain strong. 12 months to January 2019. NORTH SHORE OFFICE MARCH 2019 RESEARCH 8 6 7 5 2 Nest 1 3 4 17 10 19 9 15 13 18 16 11 14 12 Source of Map: Knight Frank Source of Map: Knight Frank North Sydney Macquarie Park/North Ryde 100 Mount St - 40,600m² [NBN Co]^ 45-61 Waterloo Road - Bld C - 35,000m² [GPNSW] 11-17 Khartoum Rd - 52,000m² 1 9 17 Dexus - Q2 2019 - 85% committed John Holland - Q4 2019 - 70% committed Stockland - Mooted 2 1 Denison St - 65,021m² [Nine Entertainment]# 10 Stage 2 97 Waterloo Rd -15,000m² [Schneider] 18 Epicentre at Riverside, 6-8 Julius Ave - 34,194m² Winten Property - H2 2020 - 50% committed Goodman - H2 2020 ISPT - Mooted 3 118 Mount St - 21,000m² [Zurich] 11 39 Delhi Rd - 30,000m² 19 45-61 Waterloo Road Bld - A,B,D,E,F - 82,000m² Zurich - H2 2020 - 75% committed Stockland - Mooted John Holland - Mooted 4 73 Miller Street - 19,000m² 12 1 Rivett Rd (Stage 2) - 11,380m² ProeprtyLink - H1 2020 Pathway Property - Mooted 13 396 Lane Cove Rd - 76,100m² Crows Nest/St Leonards Frasers Property / Winten Property Group - Mooted 5 472-486 Pacific Hwy - 4,600m2 14 29-35 Epping Rd -14,500m² Mirvac - Q4 2019 Harvey Norman Holdings - Mooted 15 76 RNS Hospital site - 25,000 m² [NSW Govt. 100%] 271 Lane Cove Rd - c.34,000m² NSW Government - H12021 Mirvac - Mooted 16 7 88 Christie St (Fronting Pacific Hwy) - 17,000m²** 8-10 University Ave - c.50,000m² * JQZ - 2020+ Macquarie University - Early Feasibility 8 Lot 3, Broadcast Way, Artarmon - 14,000m² > DA Approved Site 2 Record development activity The boom in new developments over the Over 145,000 sq m of new and Although no new supply was added to coming two years represents the largest refurbished office stock in North the North Sydney market in 2018, the supply addition over any two year period Sydney is set to come online over precinct is transforming. Over the next for the North Sydney market. The last the next two years, with 50% two years, the 145,000 sq m of record period was between 2009 and already pre-committed this commercial works currently in the 2010 when 78,000 sq m was added. expected to increase over the next pipeline is due to reach completion. The Although new supply will see a short- six months. three major projects under construction; term rise in backfill space, it is expected St Leonards recorded its highest 100 Mount Street (41,600 sq m, 85% to be a drawcard for tenants relocating six monthly absorption rate since pre-committed to NBN Co and Laing from neighbouring North Shore markets 2006, with 11,512 sq m of positive O’Rourke - Q2 2019), 1 Denison Street and the Sydney CBD. net absorption recorded over the (65,021 sq m, 30% pre-committed to six month period to January 2019. Nine Entertainment and SAP - Mid 2020) and 118 Mount Street (21,000 sq Prime and secondary markets in m, 75% pre-committed to Zurich—Late Chatswood recorded net effective 2020). rental growth of 12.1% and 9.5% FIGURE 1 respectively over the past 12 In addition to new development, North Sydney Office Supply months. landlords are repositioning existing Per six month period (000’ sq m) Macquarie Park recorded its assets with major refurbishment plans 80,000 lowest overall vacancy rate since also underway. 73 Miller Street (15,000 2005 of 4.8%, down from 5.6%, sq m) is expected to be withdrawn from 60,000 six months prior. mid-2019 to undergo a full 40,000 refurbishment, including an expansion in its office floor area to 17,500 sq m when 20,000 it comes back online from mid-2020. The refurbishment will see major tenant 0 NSW Department of Health relocate to -20,000 100 Christie Street in St Leonards on a short-term lease. -40,000 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Gross Supply Withdrawals Net Supply Senior Analyst Source: Knight Frank Research/PCA TABLE 1 North Shore Office Market Indicators as at January 2019 Total Vacancy Annual Net Avg Net Average Outgoings Core Market Market Grade Stock Rate Absorption Face Rent Incentive ($/sq m) Yield (%) (sq m)^ (%)^ (sq m)^ ($/sq m) (%)* North Sydney Prime 262,215 3.5 12,781 792 133 21.4 4.75 - 5.50 North Sydney Secondary 547,215 8.3 -16,867 653 129 19.9 5.25 - 5.50 North Sydney Total Market 809,430 6.8 -4,086 698 131 20.4 4.75 - 5.50 Crows Nest/St Leonards Prime 102,699 1.9 14,187 596 130 21.3 5.25 - 6.00 Crows Nest/St Leonards Secondary 204,182 8.2 415 540 105 22.3 5.75 - 6.25 Crows Nest/St Leonards Total Market 306,881 6.1 14,602 559 118 21.9 5.25 - 6.25 Chatswood Prime 157,412 3.9 4,000 539 128 21.3 5.25 - 6.00 Chatswood Secondary 121,507 9.1 -2,355 470 107 22.0 5.50 - 6.00 Chatswood Total Market 278,919 6.2 1,645 509 119 21.6 5.25 - 6.25 Macquarie Park Prime 644,824 3.5 3,582 398 100 22.0‡ 5.75 - 6.00 Macquarie Park Secondary 214,210 8.7 725 335 100 20.0‡ 6.00 - 6.50 Macquarie Park/North Ryde Total Market 859,034 4.8 4,307 382 100 21.5‡ 5.75 - 6.50 Source: Knight Frank Research/PCA * Incentives are on a Gross basis ‡ Incentives are on a Net basis ^ As at January 2019 Note. Average data is on a weighted basis. Yield ranges reflect the average lower and upper yields for a select basket of office assets in each market and grade Grade: Prime includes modern and A-Grade stock whilst Secondary includes B, C and D quality Grade. 3 NORTH SHORE OFFICE MARCH 2019 RESEARCH Tenant relocations temper (5,600 sq m), Nine Entertainment (15,500 Rental growth continues absorption levels sq m), NBN (20,000 sqm), Lang O’Rouke Low prime vacancy in North Sydney, in Absorption levels across the North (4,600 sq m) and Zurich (15,750 sq m), conjunction with office rents running at a Sydney market in the six months to there are a number of large tenant 28% (gross basis) discount to the January 2019 measured negative 4,644 mandates in the market that will have Sydney CBD, has underpinned prime sq m, resulting in negative absorption positive implications for absorption levels rental growth. Average prime gross face annually of 4,086 sq m. Whilst the first over the next 24 months. Tenants rents have increased by 4.7% over the half of 2018 saw strong absorption levels currently seeking options in North Sydney past year to $925/sq m ($792/ sq m net in the prime market of 16,347 sq m, this include Ooh Media (5,000 sq m), UGL face) as at January 2019. In addition, was not the case in the second half of Group (7,500 sq m), Microsoft (10,000 sq average prime incentives dropped 160 2018 with negative absorption of 3,566 m) and Fairfax Media (5,000 sq m). bps to 21.4%, resulting in gross effective sq m, which primarily stemmed from rental growth of 8.6% YoY. MasterCard vacating its largest North Vacancy remains below Sydney office at 100 Arthur Street and historical average In the secondary market, average gross relocating to 72 Christie Street, St The North Sydney overall vacancy rate face rents have risen by 5.5% YoY to Leonards. increased slightly in the six months to $782/sq m ($653/sq m net face) as at January 2019 from a 16 year low of 6.3% January 2019. Average secondary In the secondary market negative to 6.8%. Tenant relocation and negative incentives have dropped from 22% to 19 absorption levels were recorded for the absorption over the second half of 2018 -20% YoY, as at January 2019, boosting sixth consecutive period, with absorption has underpinned the uptick in vacancy. gross effective rents by 8.3% to measure totaling negative 1,078 sq m for the six Whilst vacancy has increased, it is still $626/sq m. months to January 2019. The negative 182bps below the 10-year average of absorption levels continue to be driven 8.6%. Record level of investment by the withdrawals of stock for Investment volumes into the North alternative uses. The withdrawal of 160 In the prime market, vacancy levels Sydney office market in 2018 reached Pacific Highway (1,000 sq m) for increased from 2.1% to 3.5% in the six the highest level in a decade with $1.58 residential conversion, in addition to months to January 2019. Within the prime billion transacting, a 90% increase on MasterCard vacating its second (smaller) market, Premium Grade vacancy has 2017 volumes.
Load more

Recommended publications
  • Fact Sheet 13
    ABORIGINAL PEOPLE Fact Sheet no.13 Aboriginal people believe that they have been living in Australia since the beginning of time. Their complex cultural and spiritual connections to the environment and their kinship system have developed through their belief in the Dreaming, which is a time of creation, passed on from generation to generation and still seen today through stories, songs, dances, ceremonies and art. Recent research has determined that Aboriginal people were part of the first wave of modern humans out of Africa. Aboriginal people are thought to have possibly first occupied the Australian continent 60,000 years ago. Radiometric carbon dating also indicates that they were likely to have occupied the Sydney region as early as 40 000 years ago during the time of the last Ice Age. Prior to the European invasion, Aboriginal people in the Willoughby area relied on the marine environments of Sydney Harbour, Broken Bay and the many creeks , rivers and wetlands for much of their food. They also harvested and hunted for food from the surrounding bush. The bush was the supermarket, the hardware shop, the pharmacy and the church. Being self-sufficient, Sydney Aboriginal people had little need to travel far from their lands as the resources in the area were abundant and trade with other clans was well established. Moving throughout their country in accordance with the seasons, Aboriginal people spent only four to five hours per day working to ensure their survival. With such a large amount of leisure time available, they developed a rich and complex ritual life - language, customs, spirituality and the law - the heart of which is the connection between the people, Country and spiritual beliefs.
    [Show full text]
  • A Harbour Circle Walk Is These Brochures Have Been Developed by the Walking Volunteers
    To NEWCASTLE BARRENJOEYBARRENJOEY A Four Day Walk Harbour Circle Walk Stages Sydney Harbour is one of the great harbours of the world. This Circle Walk and Loop Walks 5hr 30 between the Harbour and Gladesville Bridges (marked in red on the map) takes four days and totals 59km. It can be walked continuously using overnight Individual leaflets with maps and notes downloadable from www.walkingsydney.net and SYDNEY HARBOUR accommodation, from a base such as the City or Darling Harbour using public www.walkingcoastalsydney.com.au AVALON transport each day, or over any period of time. Harbour Circle Walk in Four Days Day 1 Circular Quay (H8) to Greenwich Wharf (E6) 14km 5hrs Day 1 Circular Quay to Greenwich Wharf 14km 5hrs Day 2 Greenwich Wharf (E6) to Woolwich Wharf (D/E5) 15.5km 5hrs 30mins Day 2 Greenwich Wharf to Woolwich Wharf 15.5km 5hrs 30mins Day 3 Huntleys Point Wharf (A6) to Balmain East Wharf (F7) 14.5km 5hrs Day 3 Huntleys Pt Wharf to Balmain East Wharf 14.5km 5hrs Approximate Walking Times in Hours and Minutes A Harbour 5hr 30 Day 4 Balmain East Wharf (F7) to Circular Quay (H8) 15km 5hrs Day 4 Balmain East Wharf to Circular Quay 15km 5hrs e.g. 1 hour 45 minutes = 1hr 45 Visit www.walkingsydney.net to download leaflets for each day of the four day Harbour Circle Walk in Two Days (or One) Circle Walk 0 8 version of the walk. Each leaflet has a detailed map (1:10k) and historical and Day 1 Circular Quay to Hunters Hill 13km 5hrs 30mins general interest notes.
    [Show full text]
  • Northern Sydney District Data Profile Sydney, South Eastern Sydney, Northern Sydney Contents
    Northern Sydney District Data Profile Sydney, South Eastern Sydney, Northern Sydney Contents Introduction 4 Demographic Data 7 Population – Northern Sydney 7 Aboriginal and Torres Strait Islander population 10 Country of birth 12 Languages spoken at home 14 Migration Stream 17 Children and Young People 18 Government schools 18 Early childhood development 28 Vulnerable children and young people 34 Contact with child protection services 37 Economic Environment 38 Education 38 Employment 40 Income 41 Socio-economic advantage and disadvantage 43 Social Environment 45 Community safety and crime 45 2 Contents Maternal Health 50 Teenage pregnancy 50 Smoking during pregnancy 51 Australian Mothers Index 52 Disability 54 Need for assistance with core activities 54 Housing 55 Households 55 Tenure types 56 Housing affordability 57 Social housing 59 3 Contents Introduction This document presents a brief data profile for the Northern Sydney district. It contains a series of tables and graphs that show the characteristics of persons, families and communities. It includes demographic, housing, child development, community safety and child protection information. Where possible, we present this information at the local government area (LGA) level. In the Northern Sydney district there are nine LGAS: • Hornsby • Hunters Hill • Ku-ring-gai • Lane Cove • Mosman • North Sydney • Northern Beaches • Ryde • Willoughby The data presented in this document is from a number of different sources, including: • Australian Bureau of Statistics (ABS) • Bureau of Crime Statistics and Research (BOCSAR) • NSW Health Stats • Australian Early Developmental Census (AEDC) • NSW Government administrative data. 4 Northern Sydney District Data Profile The majority of these sources are publicly available. We have provided source statements for each table and graph.
    [Show full text]
  • Cherie Barber
    NOVEMBER 2013 - FREE FOCUS ON: Preparing your home for summer WIN Renovation workshop 6page Sydney Home Feature SCHOOLIES safety guide LOCAL NEWS: Redevelopment underway at Hornsby Ku-ring-gai hospital Learn how to renovate for profit with Cherie Barber WELLBEING• travEL • SENIorS • HoME & GarDEN • fooD & WINE • EDucatIoN Luxury aged care residences in the heart of Northbridge now open PROVIDING THE FINEST LEVEL OF AGED CARE WITHIN BEAUTIFULLY APPOINTED MODERN RESIDENCES Opened in October 2013, Pathways Sailors Bay is an elegant 116 bed aged care residence situated in Northbridge. Our unique service delivery, along with our award-winning Wellbeing program, will ensure residents experience the highest quality care and emotional support. For more information please contact us on (02) 9917 7100 or visit pathways.com.au/sailorsbay 18 FROM THE TEAM LOCAL NEWS 8 - 15 The November issue of Sydney OCTOBER IN PICTURES - A snapshot of some of the Observer is all about getting our- exciting events that took place last month ................12 selves prepared for summer. HORNSBY KU-RING-GAI HOSPITAL- Much needed Check out the Sydney Home fea- redevelopment continues ...................................................13 ture for tips on bushfires, home se- SCULPTURE BY THE SEA - Wahroonga resident curity, insurance and more (p. 30). exhibits for the fourth time ..................................................14 Also make sure you think about ON THE AGENDA 16 - 17 beach safety before you enter the BEWARE OF RIP TIDES - The facts about the number surf this November – studies reveal of Aussies that drown due to rips .....................................16 large amounts of Australians die PROFILE 18 - 19 from rips each year (p.16).
    [Show full text]
  • Association Abruzzesi Del Nsw
    ASSOCIATION ABRUZZESI DEL NSW .......................................................................................... 22403 BAULKHAM HILLS ELECTORATE COMMUNITY AWARDS .................................................... 22443 BISHOP FOX MEAL CENTRE .......................................................................................................... 22398 BUSINESS OF THE HOUSE ...................................................................................... 22390, 22405, 22405 CAMERAYGAL FESTIVAL .............................................................................................................. 22398 CENTENNIAL PARKLANDS ............................................................................................................ 22395 COMMISSIONER OF POLICE POLITICAL INDEPENDENCE ...................................................... 22407 CONSIDERATION OF MOTIONS TO BE ACCORDED PRIORITY .............................................. 22416 COONAMBLE BURGLAR BEWARE PROGRAM........................................................................... 22394 CORRIMAL LIONS CLUB ................................................................................................................. 22443 DEPARTMENT OF FAMILY AND COMMUNITY SERVICES CASEWORKER VACANCIES22404, 22411 EAST HILLS SMALL BUSINESS ...................................................................................................... 22442 ENERGY EFFICIENCY .....................................................................................................................
    [Show full text]
  • Lane Cove Bushland Park
    LANE COVE BUSHLAND PARK by Ray and Elma Kearney The first Australian Fungal Heritage site In November, 2000, the first fungal heritage site for Australia, located at Lane Cove Bushland Park (LCBP), was listed on the Register of the National Estate, under the Australian Heritage Commission Act, 1975. Ray and Elma Kearney, members of and on behalf of the Sydney Fungal Studies Group Inc. (SFSGI) prepared the application submitted for the listing for Lane Cove Council (the owner and manager of LCBP). The submission was based primarily upon the total number of species of Hygrocybe found there, known unofficially to exceed 25, easily ranking the site as one of heritage value. Previously, in January 1999, two applications under the New South Wales Threatened Species Conservation Act, 1995 were submitted by Ray and Elma Kearney, on behalf of the SFSGI to the Scientific Committee established under the Act. The Determination resulted in the Hygrocybe Community at LCBP being legislated as an Endangered Ecological Community. A Final Determination is currently being considered on the second application that seeks to list at least six holotypes of Hygrocybe as Rare Native Species. Lane Cove Bushland Park (LCBP) LCBP is a site in the middle of a high-density residential area about 4 km from the Sydney G.P.O. Centred about a tributary of Gore Creek, the warm temperate gallery forest has an assemblage of at least 25 species of the family Hygrophoraceae (Fungi, Basidiomycota, Agaricales, Hygrophoraceae). The species in the community were formally identified and classified by Dr A. M. Young (1999). The following species have been recorded in the community : Hygrocybe anomala var.
    [Show full text]
  • Spatial and Temporal Variability of Particulate Trace Metals in Port Jackson Estuary, Australia
    Estuarine, Coastal and Shelf Science (2001) 53, 63–77 doi:10.1006/ecss.2001.0792, available online at http://www.idealibrary.com on Spatial and Temporal Variability of Particulate Trace Metals in Port Jackson Estuary, Australia V. Hatjea,c, G. F. Bircha and D. M. Hillb aEnvironmental Geology Group, University of Sydney, NSW 2006, Australia bEnvironment Division, ANSTO, Lucas Heights, NSW 2234, Australia Received 27 June 2000 and accepted in revised form 20 February 2001 Major elements (Al, Ca, Fe and Mn) and trace elements (Cu, Cr, Pb, Zn and Ni) in operationally defined available and total particulate phases have been determined along an axial transect of the Port Jackson Estuary during twelve surveys between 1998 and 1999. Salinity, temperature, pH, dissolved oxygen and suspended particulate material (SPM) were also measured. Temporal and spatial variability were tested by two-factor analysis of variance. Throughout the estuary Zn and Ni exhibited a uniform distribution. It is suggested that the low reactivity of these elements may be a result of the water physicochemistry, low SPM concentrations and long residence time in the Port Jackson Estuary. Anthropogenic sources of Zn and Ni are widespread in the Port Jackson catchment, and also contribute to the spatial distribution observed in the estuary. The distributions of particulate Cu and Pb are significantly affected by anthropogenic inputs, particularly, from the southern embayments in the lower estuary. It is suggested that the increase of Cu and Pb seaward is also related to sorption of these elements on Fe-Mn oxides. Mixing, however, can largely account for the distribution of Cr, which was the only element that presented significant decrease in concentration with increasing salinity.
    [Show full text]
  • LOCAL GOVERNMENT AREA HEALTH PROFILE Lane Cove Local Government Area (LGA) Is One of 9 Lgas in the Sydney North Health Network (SNHN) Region
    LOCAL GOVERNMENT AREA HEALTH PROFILE Lane Cove Local Government Area (LGA) is one of 9 LGAs in the Sydney North Health Network (SNHN) region. Key Areas: Childhood immunisations rates and ageing population. HEALTH DRIVERS Lane Cove LGA is an affluent area, ranking in the least disadvantaged quintile (20%) on the index of relative socio-economic disadvantage. 0.9% of people aged 32% of people aged 17 30.4% of low-income 16-64 years receive years participating in tertiary families experience financial unemployment benefits education stress from mortgage or rent SNHN: 1.3%; NSW: 4.5% SNHN: 41.3%; NSW: 28.9% SNHN: 28.8%; NSW 29.3% VULNERABLE GROUPS Older People Disability Children 13.5% (5,222) of the total population aged 65+ years 3.1% of 3.5% SNHN: 15.7%; NSW: 15.9% the population (266) have severe Between 2016-2036, there of children in or profound low-income, welfare- will be an increase of 63.5% disability recipient families in the 65+ years population SNHN: 3.7%; SNHN: 5.3%; NSW: 20.6% SNHN: 55.1%; NSW: 67.1% NSW: 5.4% HEALTH RISK FACTORS Alcohol Smoking Obesity 15.3 per 100 8.4 per 100 14.9 per 100 (15+ years) engaging in (18+ years) current (18+ years) obese high risk drinking smokers SNHN: 18.1; NSW: 28.2 SNHN: 17.9; NSW: 16.7 SNHN: 9.5; NSW: 16 CHILDHOOD IMMUNISATION CANCER SCREENING IMMUNISATION RATES LOWER THAN THE Bowel cancer screening participation rates NATIONAL ASPIRATIONAL TARGET OF 95% among people aged 50-74 years in Lane Cove (38.3%) similar to both the SNHN (39%) and NSW (36.8%) rates.
    [Show full text]
  • Fishing Malgun
    Aboriginal Heritage Office Yarnuping Education Series Ku-ring-gai, Lane Cove, North Sydney, Northern Beaches, Strathfield and Willoughby Councils © Copyright Aboriginal Heritage Office www.aboriginalheritage.org Yarnuping 9 - Women and Salt Water Country – Fishing Karen Smith & Phil Hunt Sydney Aboriginal women are too often forgotten in the stories of Bennelong and other Sydney men of the late 1700s, early 1800s. I wanted to bring them to the fore in this Yarnuping about Saltwater Women. You will note that the commentators are largely men, which adds further imbalance to the story, so we must take things with a grain of salt. Malgun The Aboriginal custom of female finger- tip removal – 'malgun', “the finger is taken off by means of ligature (generally a sinew of a kangaroo) tied so tight as to stop the circulation of the blood, which induces mortification and the part drops off. I remember to have seen Colbee’s child, when about a month old, on whom this operation had just been performed by her mother.” Watkin Tench 1788 page 248 For example, Captain Arthur Phillip, of the First Fleet, interpreted finger tip removal as follows: “It was now first observed by the Governor that the women in general had lost two joints from the little finger of the left hand. As these appeared to be all married women, he at first conjectured this privation to be part of the marriage ceremony; but going afterwards into a hut where were several women and children, he saw a girl of five or six years of age whose left hand was thus mutilated; and at the same time an old woman, and another who appeared to have had children, on both of whom all the fingers were perfect.
    [Show full text]
  • Lane Cove and the Great Depression
    On the Streets Where You Live The Lane Cove Unemployment Relief Committee work Lane Cove and the included recreational and scenic works, such as Tantallon Oval and the Gore Creek Recreational Reserve Great Depression as well as road construction and a sewerage works scheme. Kerbing and guttering in Cope Street and Lihon Street were part of the relief works. In January 1931 a Federal grant was received for £500 expenditure on Stories of how families survived the Great Depression road construction works, and was allocated to William are still within the living memory of many older Edward Street. On 13 June 1932 the Commonwealth Australians. While the residents of the Lane Cove Relief Scheme allocated £1,000 for the levelling and Municipality might have fared better than their inner city filling of Pottery Green as relief work under the scheme. counterparts, it was still a time of struggle and survival Local men, as well as many from Hunters Hill, Balmain for the whole community. Male unemployment in the and North Sydney were employed each week in Lane municipality averaged 10%, compared to 30% Cove. During the peak period up to 1,500 men were unemployment in the inner city. employed in local works. The Wall Street Crash of October 1929 triggered the The community also contributed, and in August 1930 a worldwide crisis named the Great Depression. Falling benefit concert for the Unemployment Relief Fund was export demand and commodity prices caused massive held at the Lane Cove Theatre, and a school concert downward pressures on wages and industry, effecting also organized.
    [Show full text]
  • Hunters Hill Trust Journal April 2009, ISN 0310-011, Volume 46, Number 2
    Hunters Hill Trust Journal April 2009, ISN 0310-011, Volume 46, Number 2 Hunters Hill Trust Journal From the President’s Desktop Tony Coote Included in this Journal is The Trust’s submission on the potentially creating bedlam at the end of the metro line draft Local Environment Plans and Development Control at Darling Street at Victoria Road, one of the busiest Plans for Gladesville and Victoria Road, which have been intersections in the country. prepared by Hunters Hill and Ryde Councils. The metro will be able to carry up to 30,000 people an In it we point out that the big picture planning issues of hour to Rozelle. But when they get off the metro, the global warming, an unsustainable “continuous growth” Government only has room for about 3100 people an economy, peak oil and population growth have not hour on buses to take them home. even been acknowledged let alone planned for. We also In a letter to the Department of Planning, the Ministry of point out that the plans are out of step with the NSW Transport has raised concerns about “potentially competing Department of Planning’s latest advice regarding the objectives” between the hurried metro proposal and the health impacts from living near major roads. plan to duplicate Iron Cove Bridge. As well, the Plans do not contain any details as to how Planning documents used to justify the road upgrade an objective such as “provide an elevated connection were prepared while a different metro proposal - for one across Victoria Rd to Council and RTA satisfaction” is along Victoria Road to Denistone - was policy.
    [Show full text]
  • 75Th ANNIVERSARY 2020
    75th ANNIVERSARY 2020 What better time is there to note the history of one of Lane Cove’s icons than a 75th Anniversary? 2020 marks that celebratory year for Lane Cove Music. On 26th March 1946 Reverend Louis Blanchard, Minister of St. Andrew’s Presbyterian Church Longueville, was inspired to call a meeting to form a music club with the object of providing first class classical and semi-classical music and entertainment for church members and friends. Initial meetings were held at the Manse, the Vestry and the Church Hall. The idea was so well received that a group was formed as an organisation of St. Andrew’s Presbyterian Church Longueville and named the “Longueville-Northwood Music Club” with a constitution being drawn up and adopted on 22nd May 1946. Until the end of 1959 concerts were held in the Masonic Hall at 231 Longueville Road, now the Shinnyo Australia Buddhist Temple. Rev. Louis Blanchard 1973 The current name Lane Cove Music dates from 2007, the abbreviated version being in step with the trend set by other music clubs, omission of ‘club’ being deemed to sound less exclusive at a time when all clubs were seeking a membership boost. For expediency the capitals ‘LCM’ or words ‘the club’ will be used henceforth in this text. At that initial meeting in March 1946 it was agreed there would be five concerts held in the first year – subscriptions to be one guinea, being one pound one shilling (£1/1- in pre 1966 currency) with a fee of four shillings for visitors. By the third meeting the Executive Committee had been elected with Rev.
    [Show full text]