BUSINESS NEWS: NHFIC invites tenders from major bank lenders to expand panel of lenders for Housing Guarantee Scheme
The National Housing Finance and Investment Company (NHFIC) has initiated a Request for Proposals (RFP) process, to enable ANZ and Westpac to join its main panel of bank lenders for the Home Guarantee Scheme – an Australian government initiative to help eligible buyers become homeowners sooner.
The program is currently available through ABC and NAB, as well as 30 small lenders. The NHFIC expects 50,000 places to be made available for the 2022-23 financial year, including 10,000 places under the regional homeownership assistance scheme.
A survey of Strategic Solving released in April revealed that 67% of young people think they will never be able to own their own home.
New data reveals Sydney is facing a housing shortage
Analysis of Australian Property Council and Council Gyde revealed that several areas of Sydney are struggling to provide enough housing, adding to concern over Australia’s housing affordability crisis. Executive Director of NSW Property Council Luke Achterstraat said Western Sydney is leading in new home delivery, but 6,000 new homes are needed to keep pace with future demand.
“Each year, housing targets are not met, which exacerbates this deficit and worsens the affordability crisis. Crucially, the current targets do not embed the deficit in housing demand, which means that there is an underlying deficit that may persist, even when the housing targets are met,” said Mr Achterstraat.
“We support the government’s expansion of the Accelerated Infrastructure Fund to unlock more housing growth in this area and note that the review of the upcoming floods will make it all the more critical for the government to examine the urban/rural boundary of Sydney looking for opportunities to build suitable housing. sites.”
Expressions of Interest are now open for the Powerhouse Ultimo design competition
The New South Wales Government is seeking submissions from architectural design teams to redesign the Powerhouse Ultimo, with expressions of interest ending Friday, August 12, 2022. Minister for the Arts Ben Franklin said the renewal will provide new and expanded exhibition spaces.
“We are looking for Australian design teams with bold and ambitious ideas to create a contemporary museum in the heart of Australia’s most international city. This is a visionary initiative, with a site that presents a unique design challenge to embrace the changing and vital urban context in a way that respects its significant heritage and history,” said Mr. Franklin.
The design competition will be managed by CityLab behalf Create NSW, Centraland NSW infrastructurewith a jury chaired by Wendy Levincommissioner of the NSW Independent Planning Commission and director of Wendy Lewin Architects.
The jury is also made up of NSW Government Architect Abbie Galvin; Alison Page from University of Technologythe Faculty of Design, Architecture and Buildings of; Acting Managing Director of Create NSW Annette Pitman; founding partner of Tod Williams Billie Tsien Billie Tsien Architects; General Manager of Power Plant Lisa Havilah; and Peter Chicken, who is the Central District and Southern District Commissioner for the Greater Sydney Commission and practice teacher at University of Western Sydneythe school of architecture.
BINGO waste partners with social enterprise Revolve ReCYCLING to fight bike waste
The cogs of the circular economy are turning! To fight against bicycle waste, BINGO has partnered with Revolve ReCYCLING to provide space at its Alexandria recycling center to support the growth and operations of the social enterprise. The company – which claims to be the first of its kind in Australia – has already diverted more than 2,000 bikes from landfill. Bikes are either dismantled and recycled, or repaired and resold to provide bikes to children in need.
Pete Shmigel co-founded the organization just 12 months ago after seeing a gap in the market and benefiting from his experience as chief executive of the Australian Council of Recyclers and Lifeline Australia to the job. General director Guido Verbist also helped turn the wheels, bringing with him his experience to Bower Reuse and Repair Center.
“We estimate there are something like 800,000 bicycles in homes across Australia, the vast majority of which would normally go to landfill,” Mr Verbist said. “We created Revolve ReCYCLING because we believe diverting old bikes from landfill is the right thing to do from an environmental standpoint and can be financially self-sufficient and economically sustainable.”
Swedish multinational Essity acquires Australian sustainable health and hygiene company Modibodi for $140 million
Attesting to the strength of the sustainable health and hygiene market, the Swedish multinational Essity have acquired the Australian leader in hygiene clothing modibodi for a purchase price of $140 million. The company leads the market in the fastest growing segment of personal care products, which is expected to grow at an annual rate of more than 20% over the next five years.
Magnus Groth, President and Chief Executive Officer of Essity, said: “The acquisition of Modibodi strengthens Essity’s position in the waterproof clothing space and enables faster growth within solutions that are better for you, better for the planet. Modibodi has the qualities we are looking for with leading market positions, strong brand and sustainability credentials as well as excellent digital marketing and e-commerce capabilities.”
Kristy Chong, Founder and Managing Director of Modibodi, said, “I am proud of everything we have created at Modibodi over the past nine years and happy that Modibodi is joining Essity. As a global leader in hygiene and health, Essity can provide the expertise and capital to drive the brand through its next phase of growth and have an even greater impact.”
Sustainable materials engineering group Archwey launches globally, pledging to rid the world of virgin plastic
Sustainable Materials Group Archway launched as a holding group of three companies reinventing plastic waste: Bow and Hook, Shieldand PlasticBean, with a new headquarters in Singapore. The companies provide recycled plastic pellets for manufacturing, recycled and recyclable healthcare packaging, and sustainable packaging for the fashion industry. It aims for all subsidiaries to achieve B Corp certification within the next two years.
Chief executive officer Sjoerd Fauser said: “The raw materials that industries need already exist. By using and supporting smart engineering solutions and bringing sustainable products to market for industry, the creation of new plastics is completely unnecessary. We are here to show the world that recycling is the key to decarbonization and have advanced the way materials are reused. We are committed to creating a world without single-use plastics and a more sustainable planet for future generations. »
Hallett Group launches $125m green cement project across Port Adelaide and regional SA
A $125 million green cement project has been launched in Port Adelaide, Port Augusta, Port Pirie and Whyalla, aiming to reduce Australian carbon dioxide emissions by 300,000 tonnes a year. With a $20 million federal government grant, Hallett Group’s Green Cement Project aims to achieve 1% of Australia’s 2030 target and create $125 million in jobs in the region of Australia- South and Port Adelaide.
Chief executive Kane Salisbury said Hallett would use existing, proven technology to make additional cementitious materials that could replace more than 50% of traditional high-carbon-dioxide-emitting clinker-based cement.
“The project will replace imports of SCM and secure the future of Australia’s access to SCM and green cement, which is becoming increasingly important as current sources of locally produced SCM-grade fly ash from Australia will decline in the coming years, in line with coal reduction. power generation,” Mr. Salisbury said.
Minister for Infrastructure, Transport, Energy and Mines, Tom Koutsantonis, said: “Building homes and cities using low-emitting materials and leveraging renewable energy is the kind of innovative investment which the Malinauskas Labor government plans to attract by maintaining South Australia’s reputation as a world leader in renewable energy. ”.