The National Housing Finance and Investment Corporation (NHFIC) is providing much needed ammunition to those fighting for more affordable housing in Australia.

NHFIC is an independent corporation established by the Commonwealth on 1 July 2018. It provides low-cost funding to Community Housing Providers (CHP) and other eligible entities for critical infrastructure projects and affordable housing developments.

NHFIC distributes funding through two schemes:

The National House Infrastructure Facility (NHIF), which is a $1 billion facility funded by the government for infrastructure projects such as transport links and utilities infrastructure. CHPs and various government entities are eligible to apply for funding in the form of concessional loans, grants and equity investments.

The Affordable Housing Bond Aggregator (AHBA), which provides concessional loans to CHPs for the acquisition, construction or maintenance of existing housing stock, as well as to assist with refinancing and working capital requirements. AHBA loans are funded by Commonwealth borrowings and out of finance raised by bonds issued in the capital markets.

The schemes were implemented following the recommendations of a report delivered to Australian Treasury in 2017, which noted that the affordable housing sector in Australia lacked access to suitable finance options.

The report found that the length and terms of loans were an issue. In Australia, CHPs tended to be offered loans of a three- to five-year term, which create refinancing risk and a mismatch with asset lifespans. Refinancing is further complicated by differences in rules surrounding security debt in each of the states and territories. This means that CHPs are faced with periodic headaches in renegotiating loan terms.

Also noted as an issue were asset valuations. CHPs reported that their assets are undervalued as a result of offering sub-market rents. This limits the security available for future loans, and inhibits their growth potential.

NHIF and AHBA are designed to address these concerns. While borrowers are required to provide appropriate security, they can expect favourable lending terms, such as extended terms and concessional interest rates.

NHFIC’s first finance project was announced last week, with a $35 million loan offered to Hume Community Housing. The funding will assist with the management of approximately 2000 community homes in Western Sydney, and support the development of a further 2200 homes in the Hunter region.

For many Australians, improved access to affordable housing cannot come soon enough. The Productivity Commission’s Report on Government Services 2019 indicated that, in 2015-16, over 50 per cent of Australian low income households experienced rental stress, meaning more than 30 per cent of gross household income was spent on rent. Moreover, the Australian Institute of Health and Welfare report that the supply of social housing in Australia is failing to keep up with household growth, with social housing stocks dropping from 5.1 per 100 householders in 2007-08, to 4.6 in 2016-17.

While NHFIC alone cannot address this issue, it is certainly a step in the right direction. Hall & Wilcox is already advising CHPs on proposed NHFIC financings along with other social housing projects such as the NSW Social and Affordable Housing Fund and looks forward to seeing growth in Australia’s community housing sector, particularly as NHFIC expands its pipeline of projects.

For further information please contact:

Nick Slack

Partner

T: +61 2 8267 3896

Email

Katrina Reye

Partner

T: +61 2 4908 8862

Email

Many people think of disruption as something to avoid. But in today’s competitive business environment, disruption can be a real positive - if you are embracing it and capitalising on the opportunities it creates. Across the world, that’s the reality for many private companies.

The new report from Deloitte Private - Private Company Issues and Opportunity - dives into the areas of leveraging technology, improving infrastructure and expanding business horizons, for a look at how private companies are uniquely placed to face disruption. Hear from global experts on how leading private companies have turned these challenges into growth opportunities.

Learn more about the upside of disruption and download a copy of the report.

Perth-based Zenith Insurance protects its aged care and community and disability services clients from risks, so they can focus on their important work: protecting vulnerable Australians.

CEO Kim Gilbert takes his responsibilities seriously. “We want our clients to use their limited finances to best serve their clients,” he explains. “But beyond that, I believe we are all members of the same community and need to help one another.”

A family culture

“At Zenith, we all look after one another as a team, and the natural extension of this is that we also look to help other members of our community where possible,” says Gilbert of the supportive, inclusive environment his firm stands for.

Click here to read the full article.

Macquarie has been providing Business Banking solutions for over 30 years and provides SME clients with tools and strategies to grow and develop their business. You can get regular updates by subscribing to the monthly newsletter, Strictly Business by visiting macquarie.com.au/businessbanking. If you would like to find out more about how Macquarie can support you to take your business further, call Sam McCarthy at our Parramatta office on 0417 518 724 and be connected with one of our banking specialists.

This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (“Macquarie”) for general information purposes only. This information does not constitute advice. Opinions expressed are subject to change without notice. No member of Macquarie accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this information.

Stay ahead of your competitors - Latest insights from the Making Western Sydney Greater Report now available

Most B2B buyers perform 8-12 online searches before interacting with a vendor’s website and are already 57% of the way through the buying process before they speak to a sales representative. So how does your brand perform online?

The latest Making Western Sydney Greater report explores the different ways businesses are using digital and social media to drive value. With 86% of the world’s population using the internet for an average of six hours per day, connectivity has become part of everyday life. Our latest survey results uncover what you can do to leverage your brand’s online presence to have an advantage.

In today’s digital world, being able to access information on a business or brand influences how someone feels about your services or products. Your business’ online existence is just as important as its physical existence.

The latest results told us that many businesses are using digital media without a clear strategy to guide them. Businesses that indicated that they are actively tracking and measuring their ROI (return on investment) are using the data to drive higher conversions. They have a general idea of the value of each customer based on a campaign (lead conversion rate) along with non-revenue conversions (specific call to actions i.e. mailing sign up). Businesses that calculate ROI are 72% more likely to have an effective marketing strategy (Blue Corona).

There are big opportunities for businesses that use their analytics to understand their client base and tailor their digital marketing to reach their ideal audience using the right channels and language. Compared to traditional marketing, it costs significantly less to put together a digital marketing strategy and with the presence of a global audience online, it makes it easier to interact with existing and potential buyers.

Before you consider your digital marketing plans, it’s crucial to know which platforms are best for you and your industry along with having an in-depth understanding of how your business currently performs online.

Know your brand’s social performance

It’s impossible to know if your efforts are having the right impact on your target market if you’re not measuring the right metrics. Understanding your core KPIs helps to adapt your campaigns to suit your goals. Take the time to audit your digital media performance over the past year and assess the metrics for each channel. Look and where and how you have generated leads, driven traffic to your website, pushed social follows, and increased conversions. Ensure these results align with your goals.

A high number of likes and shares for a campaign can be encouraging but it’s important that every activity is achieving its pre-defined objective. The most important areas you can measure are reach (how many people see/hear your brand), engagement (shares, likes, comments), conversions (leads/sales) and advocacy (reviews and repeat interactions/referrals).

A few essential metrics that can be used to evaluate your online performance are:

• Reach – Look at your follower count, impressions and web traffic. Followers tell you how broad your reach is while impressions show many people could connect with your brand (this measures the number of times your post appeared). Web traffic from social media campaigns is a good indication of potential customers and if your ‘call to action’ is working.
• Engagement – This is your clicks, likes, shares and comments. These metrics start to show how many people are interested in your product or service and would recommend you to others. If your content is interesting and relevant, it will spark a conversation.
• Conversions – Your goals will determine these measurements (i.e. increase readership times, generate sales lead etc) but not all visitors complete a conversion on their first visit. Checking out Google Analytics is the easiest way to get an insight into your lead conversion rate, website traffic improvements or you can refer to your CRM for new leads and sources.
• Advocacy – Brand loyalty and referrals can be measured through various ways. You can look at cost per lead (cost per campaign divided by your qualified leads), the number of reviews and endorsements and understanding the customer lifetime value (revenue earnt from a customer minus money spent on acquiring and serving them).

After you have audited your brand’s online performance, you’ll be able to determine the effectiveness of your campaigns and which channels are the most successful.

Focus on what people need and want

73% of B2B buyers say they want a personalised, B2C-like customer experience (Accenture, 2017). Every part of your digital journey and content creation should be carefully designed around your audience’s interests and needs.

The Making Western Sydney Greater report showed that industries are relying on digital media to achieve various goals:

• Manufacturers – using newsletters and their website to promote content (i.e. articles, videos, case studies) & improve search engine optimization (SEO)
• Property / Construction – sharing content with networks (via LinkedIn, Facebook) to reach shared connections and drive referrals
• Professional Services – integrating website with social media channels to share content quickly, drive brand awareness and identify key decision makers

The key to getting the balance right is making sure you don’t focus on what the technology can do but instead look at how you can create mutual value at every opportunity. Every piece of content you create – eNews, blogs, white papers, case studies – is a chance to increase your reach and generate leads.

The 2016 Demand Gen Report highlighted that 96% of B2B buyers want content with more input from industry thought leaders. With the online world flooded with information, influencer marketing has become one of the most powerful ways to market a business and build trust with your networks. B2C have been using ‘influencers’ to promote products and services for years and now B2B organisations are catching on. By collaborating with an industry influencer or using a brand ambassador you get exposure to a meaningful demographic.

Social media platforms are major contributors to buying decisions. Leading businesses are using analytics to know customer behaviours and target their online marketing efforts to suit their audience. Sharing content across the right social media platforms can add scale to you campaigns and help to drive higher search engine rankings. Take out the guesswork and look at tools such as Google Trends and SEO programs that can help you discover the most searched, valuable terms for your location and industry.

In the next edition of Making Western Sydney Greater, we’ll delve deeper into the real benefits of social platforms and how to assess which will be the best fit and value for your brand.

Making Western Sydney Greater (MWSG) is a collaborative project between William Buck, St. George, Western Sydney University and Western Sydney Business Connection, and forms part of our long-term commitment to drive positive change in the region.

WSA invites suitably qualified and capable organisations to register for receipt of Expression of Interest documentation for the Terminal Precinct Architect and Interior Design Services for Western Sydney Airport.

WSA will procure the Terminal Precinct Architect and Interior Design Services by carrying out a two-stage competitive process consisting of:

1. An Expression of Interest stage including an initial registration process; and

2. A Request for Tender stage which includes an architectural design competition.

Any parties interested in bidding for the Terminal Precinct Architect and Interior Design Services must complete and submit a registration for Expression of Interest in accordance with the ‘Invitation for Registration’ document available on the Western Sydney Airport website.

Parramatta Light Rail is one of the NSW Government’s major public transport projects, part of a record $89.7 billion infrastructure investment across the state.

Stage 1 of Parramatta Light Rail will connect Westmead to Carlingford via the Parramatta CBD and Camellia.

In preparation for construction to start, project Infrastructure Works Contractors CPB Contractors and Downer Joint Venture will be undertaking geotechnical activities and underground services exploration along the Stage 1 corridor from Westmead to Carlingford.

Investigation Works

Investigation works from 22 March 2019 will involve:

• digging holes in the road using saw cutting, jackhammering and excavating for underground utility investigation (high levels of noise)
• drilling for soil sampling for geotechnical testing
• investigating identified heritage and archaeological sites
• reinstating footpath and road surfaces for safe access

What to Expect

Project contractors will be in contact directly with business and residents adjacent during February to ensure potential locations and durations of works are understood, including night work impacts.

For more information, please see the attached notification. 

The City of Parramatta Land Use Planning Harmonisation Discussion Paper is formally on exhibition from 21 January 2019 until 4 March 2019. The Discussion Paper outlines suggestions for the policies and controls that will form the basis of the consolidated Local Environmental Plan (LEP) and Development Control Plan (DCP) for the City of Parramatta. For some issues, this process could result in changes to the current planning controls applying to certain areas and/or types of development, such as:

• what types of development are allowed in a particular land use zone, including where dual occupancies can be built and the design requirements for such development;
• changes to height and floor space ratio controls applying to residential zones;
• changes to car parking, biodiversity and tree protection controls; and
• a limited number of changes to the zoning of some sites are suggested to enable the harmonisation of land use plans.

Copies of the Discussion Paper can be viewed on Council’s website at www.cityofparramatta.nsw.gov.au/planningharmonisation or at the City of Parramatta Customer Contact Centre and Council libraries. 

The highly anticipated $632 million Stage 2 Redevelopment of Campbelltown Hospital is now one step closer to reality with the planning and designing phase of the redevelopment underway. The upgrade will bring state of the art healthcare facilities and amenities to the Campbelltown region, which will rank it among the leading hospitals in Australia.

A computer generated fly through video has been produced, which showcases both the internal and external designs of the hospital.

The Football Federation Association has today announced that the combined United for Macarthur and South-West Sydney FC bid will become one of two new teams to join the national competition.

The United for Macarthur and South-West Sydney FC bids were shortlisted in June as contenders for two new teams in an expanded A-League.

They joined forces in August, combining their individual strengths to submit a single bid that would unite Sydney’s south-west community.

Mayor George Brticevic said today’s announcement was a win for the entire region that would benefit not only football players and fans, but the economy and community.

“We’re excited that the months of hard work by everyone involved in this bid have paid off,” Cr Brticevic said.

“This is a win for Sydney’s south-west community that will benefit present and future players, who will no longer have to leave their area to pursue their chosen sport at an elite level.

“It will also bring investment to the region, not only around the team, but because of the opportunity to showcase the benefits of investing in our region to a national audience.

“We’re proud that Campbelltown Sports Stadium will be the home of the new A-League team and we look forward to continuing to work hard in the months ahead in preparation for the 2020-2021 season.”

Walker Corporation Executive Chairman Lang Walker, who supported the joint bid as a strategic partner, said he was thrilled with the result.

“South-west Sydney is one of the fastest growing regions in the country,” Mr Walker said.

“It makes sense that this rapidly expanding community should have a football team to call its own,” he said.

“I look forward to continuing to support the club as it prepares to field a team in time for the 2020-2021 season.”

Gino Marra, Director Potentia Capital Finance Group who is also a strategic partner of the bid, said they are elated with the decision.

“Words cannot explain how our team is feeling. Over the last six months the local community has been asking us if ‘we’ will be successful. This shows that our community has taken ownership of this club already and I believe this is what has got us across the line,” Mr Marra said.

“I would like to personally thank Mayor George Brticevic, Campbelltown Council and Lang Walker for all their hard work as well as our bid team who have worked extremely hard,” he said.

“Everyone who worked on this bid believed in it, believes in our community and that’s why I believe we have been successful. Now the hard work begins.”

Click here to view the original article.  

The HSBC Sydney 7s are coming to Western Sydney and we are celebrating by giving away two double passes to Spotless Stadium's Skydeck where you can catch all the action from your premium allocated seats.

Tell us in 25 words or less "What you think Western Sydney's best kept secret is?" for your chance to win. Entries are to be sent to abrisot@wsbc.org.au by 5.00pm Friday 18th January 2019, to be eligible to enter*.

Having had three successful years at Allianz Stadium in Sydney, the hugely popular HSBC Sydney 7s tournament will light up Sydney's West over three action-packed days from February 1-3.

Upgrade your Sydney 7s experience and soak up the atmosphere with premium seats, amazing views and great hospitality from just $99!

As an exclusive offer, quote WSBC for a 10% discount on all hospitality packages.

To book call 1800 619 181 or email hospitality@rugby.com.au

*T's & C's apply