to download the PDF - Landcom - NSW Government
to download the PDF - Landcom - NSW Government
to download the PDF - Landcom - NSW Government
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
casestudy<br />
ENVIRONMENTAL PERFORMANCE IN OUR OFFICE OPERATIONS | continued<br />
Market-based solutions for<br />
affordable housing<br />
Indica<strong>to</strong>r<br />
descrip<strong>to</strong>r<br />
Indica<strong>to</strong>r<br />
Target<br />
2009/2010<br />
<strong>to</strong><br />
2014/2015<br />
Result<br />
2010/2011<br />
Result<br />
2009/2010<br />
Target<br />
2002/2003<br />
<strong>to</strong><br />
2008/2009<br />
2008/2009 2007/2008 2006/2007<br />
<strong>Landcom</strong> believes that providing increased<br />
housing choice for consumers, combined<br />
with structural change, remains <strong>the</strong> most<br />
sustainable way for us <strong>to</strong> influence <strong>the</strong><br />
supply of affordable housing. However, some<br />
of our attempts over time <strong>to</strong> demonstrate<br />
leadership through structural change have<br />
not progressed as we would have liked, for a<br />
variety of reasons.<br />
Some years ago, we developed a shared<br />
equity loan product designed <strong>to</strong> increase<br />
<strong>the</strong> purchasing capacity of moderate<br />
income households, enabling <strong>the</strong>m <strong>to</strong><br />
secure a foothold in <strong>the</strong> property market.<br />
The basis for our scheme was that <strong>the</strong><br />
lending institution would retain a share in<br />
<strong>the</strong> home’s equity on settlement, which<br />
would enable <strong>the</strong> lender’s recurrent costs<br />
<strong>to</strong> be offset by its share in future capital<br />
gains when <strong>the</strong> house was sold.The scheme<br />
was supported in principle by one of <strong>the</strong><br />
major banks. However, it required changes<br />
<strong>to</strong> <strong>the</strong> commonwealth tax system <strong>to</strong> make<br />
it attractive for <strong>the</strong> banking sec<strong>to</strong>r <strong>to</strong> invest<br />
in <strong>the</strong> scheme and, <strong>to</strong> date, we have been<br />
unable <strong>to</strong> effect <strong>the</strong>se changes.<br />
We also developed a tailored investment<br />
framework designed <strong>to</strong> attract institutional<br />
inves<strong>to</strong>rs <strong>to</strong> participate in <strong>the</strong> development<br />
of a portfolio of rental housing property<br />
properties. <strong>Landcom</strong>’s proposal involved a<br />
proportion of each portfolio being made<br />
available for affordable rental. While this<br />
concept has growing support internationally,<br />
Australia’s tight investment market,<br />
combined with a conservative approach<br />
<strong>to</strong>wards residential property investment<br />
by <strong>the</strong> major institutions, meant that our<br />
initiative has failed <strong>to</strong> gain financial support<br />
at this time. We plan <strong>to</strong> keep this initiative<br />
under active review in coming years in<br />
<strong>the</strong> event that <strong>the</strong>re is a shift in market<br />
sentiment.<br />
Sustainable<br />
supply chain<br />
Number and percentage of new contracts<br />
relating <strong>to</strong> corporate activities that include<br />
sustainable innovation in <strong>the</strong> contract<br />
Percentage of 4.5 star NABERS rated buildings<br />
used as <strong>Landcom</strong>’s head office and regional<br />
offices<br />
O<strong>the</strong>r products purchased containing<br />
recycled content or contributing <strong>to</strong> improved<br />
sustainability outcome<br />
Percentage of minimum 5 star MEPS<br />
and WELS appliances purchased<br />
No target No result 0 of 2<br />
contracts<br />
(0%)<br />
100% No result.<br />
<strong>Landcom</strong>’s<br />
current office<br />
was re-leased<br />
in 2010-2011.<br />
It does not<br />
have a current<br />
NABERS<br />
rating.<br />
No target<br />
33.1 <strong>to</strong>nnes<br />
of green<br />
waste<br />
recycled<br />
at banked<br />
inven<strong>to</strong>ry<br />
sites<br />
100% N/A<br />
No ratings<br />
undertaken<br />
<strong>Landcom</strong><br />
purchased<br />
new record<br />
files that<br />
were carbon<br />
neutral<br />
and made<br />
from 100%<br />
recycled<br />
material.<br />
929 A4<br />
equivalent<br />
reams of<br />
materials<br />
produced<br />
were printed<br />
on paper<br />
with recycled<br />
content.<br />
1 x 4 star<br />
dishwasher<br />
No data – indica<strong>to</strong>r introduced in<br />
2009/2010<br />
No data – indica<strong>to</strong>r introduced in<br />
2009/2010<br />
No data – indica<strong>to</strong>r introduced in<br />
2009/2010<br />
No data – indica<strong>to</strong>r introduced in<br />
2009/2010<br />
No data – indica<strong>to</strong>r introduced in<br />
2009/2010<br />
48<br />
landcom annual report 2011<br />
VICTORIA PARK