MARKET WEEK
CELEBRATE THE PRODUCE AT PRAHRAN NEW HOME FOR CLUB 3004
WINE MATTERS WOMEN DRINK MORE WINE
CAR DOOR DANGER HOW TO REDUCE INJURY TO CYCLISTS
PAUL MARIC TEST DRIVES THE NEW FERRARI SPRING 2015
3004 NEWS
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6 Queens Road, Melbourne, 3004 | (03) 9250 2222 functions.bem@bayviewhotels.com www.bayviewhotels.com/eden
WELCOME
TO THE SPRING EDITION OF 3004 ST KILDA ROAD NEWS You can feel spring is in the air when the blossoms start to bloom and it is not dark when you come out of the office at 5.30pm.
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There is so much happening in our wonderful city at this time of the year with many of Melbourne’s marquee events certainly showcasing our fabulous city at its best.
published by
Magmedia Pty Ltd ABN 69 118 720 960, Registered Office: 25 Northumberland St, Collingwood VIC 3066 Ph: (03) 8506 9908 Fax: (03) 9525 3944 3004News welcomes any contributions from our readers. Please send material to the above address. 3004News is a free publication and is distributed As part of 3000melbourne through selected outlets. Views expressed in 3004News do not necessarily represent the opinions of the editor or publisher. No responsibility is accepted by 3004News for the accuracy of the advertisements or information within the publication. All material forwarded to the magazine will be assumed intended for publication unless clearly labelled “Not for Publication”. No part of this publication may be recorded, stored in a retrieval system or reproduced in any form without permission of The Publisher. The Publisher assumes no responsibility for errors or omissions in this publication.
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As always I appreciate your feedback and welcome your local stories that we can share with our 3004 News readers.
IN THIS ISSUE: Produce at Prahran the focus of Market Week
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Clock on to watch new musical
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Tom Elliott
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Changes to building heights to maintain urban character
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You will have undoubtedly noticed that St Kilda Road is looking a little like it is under construction with the Domain tram stops being upgraded. While it is unsightly for now and a little
KEEPING ST KILDA
ROAD SAFE BY SENIOR SERGEANT STEVE BILLS At St Kilda Road police we are still focusing on our multi-level car parks in both office complexes and residential complexes. I know I sound like a broken record but I don’t know how else to get the message
out – if you have any ideas I’m all ears. A lady lost all the photos of her newborn daughter last week after leaving her iPad in a sports bag on the front seat of her car. She will never get those
THOUGHT FOR THE DAY…
Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible…. - FRANCIS OF ASSISI
inconvenient, it will ultimately improve the St Kilda Road tram network. Also the arts precinct along St Kilda Road is to receive a City of Melbourne smart rubbish bin.
3004 NEWS
publishers Susan Riley {susanr@magmedia.com.au} William Rowe {williamr@magmedia.com.au} editor Chelsea Arnold {editor@magmedia.com.au} design Susan de Kretser - Smith & Rowe {studio@smithandrowe.com.au} advertising enquiries Susan Riley - 0412 045 993 {susanr@magmedia.com.au} Paul Andrew - 03 9370 0040 {lorcymedia@bigpond.com} feature writers Tom Elliott, Anita Roper, Steve Bills, Nathan Lear, William So, Guy Surkijn, Ozker O’Connell cover image Prahran Market
The bin to be installed has ‘smart’ sensor technology to automatically alert collectors when they it needs emptying. Another nine bins will be distributed around the Melbourne Central Business District. This is great news as I am sure none of us like seeing overflowing rubbish bins. Earlier this year I spoke of the need to find a new home for Club 3004. Well, I am pleased to announce the club is back with a new home and a new partner. The club has been a great way to network and socialise for residents and those who work in the St Kilda Road precinct and I am happy this can continue into the future. Hope this finer weather puts a spring in your step and I look forward to seeing you at the upcoming Club 3004 functions..
Susan Riley Publisher 3004 News
photos back. The ‘invitation’ she left for the offenders was too great for them to ignore and sure enough she now has a smashed window to repair and glass everywhere on top of losing the photos. On a happier note I am pleased to see the tram works just about completed on St Kilda Road. Whilst bringing larger stops it also defines the road north of Domain Interchange as one single lane in the centre area. This used to be quite challenging for a number of motorists who couldn’t work out if there were two lanes or only one. Whilst on the topic of traffic, please remember to look out for cyclists if you are driving or parking your car along St Kilda Road. We have regular reports and attend regular scenes of cyclists that have been knocked off their bikes either by cars changing lanes or being ‘doored’ - car drivers opening doors when getting out of parked cars. Whether you agree with cyclists riding in on the road or not, the current laws allow them to do so and that must be respected by car drivers and cyclists. There should be enough room for all users on our roads if everyone remains courteous and respectful to other road users. ‘Till next time, Steve
SPRING 2015
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3004 NEWS
NEW HOME FOR
CLUB 3004 ST KILDA ROAD RESIDENTS AND BUSINESS PRECINCT MEMBERS CAN SOCIALISE AS ONE NOW THAT CLUB 3004 RETURNS WITH A NEW VENUE AND NEW PARTNER. Inner Melbourne’s biggest and longestrunning small business network, will now meet monthly at the Water Rat Hotel in South Melbourne. Club 3004, owned by Melbourne City Council’s Deputy Lord Mayor Susan Riley and run by manager Lyndall Tenant, has provided a great avenue for residents and members of the business precinct to network and socialise for the past eight years. “Club 3004 aims to strengthen the niche community, inviting
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business and residents to celebrate our diversity and passion for St Kilda Road,” Ms Tennant said.
But following the redevelopment of previous home Ormond Hall, the club was left homeless until now.
“It’s a fabulous way to network, make business contacts, socialise and to listen to guest speakers or businesses showcasing their products and services to those connected or those who want to do business within the 3004 precinct.
Club 3004 now meets on the first Thursday of every month at the Water Rat Hotel, corner Moray and Park streets, South Melbourne.
“And to inject new life and attendees into the event, we are partnering with local small business network, Port Phillip Business Network.”
For only $20 you get finger food and your first drink. Free entry continues for financial members of Club 3004. For more information visit www.club3004.com.au
Pe Str rry eet
644 Elizabeth Street
Chapel Street
WHEN: Sunday 6 September, 11am – 2pm WHERE: Harvest Hall Gallery COST: Free
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WHEN: Sunday 6 September, 12pm – 3pm WHERE: Blanco Kitchen COST: Free
Who doesn’t love a good smoothie? Prahran Market traders will compete to see who has the most delicious smoothie recipe, using the freshest market produce. Bike n Blend your very own taste and then vote for your favourite and take home some delicious DIY recipes.
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Sit back and relax with a glass of wine or a coffee, a delicious bite to eat and enjoy your Sunday afternoon with live tunes in Market Square as Prahran Market’s regular Jazz Band plays sultry sounds.
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There are more than 50 free events across all the markets which will inspire Melburnians to live life wholeheartedly, unlock the satisfaction of shopping consciously, love and nourish ourselves through life-affirming movement and wholesome diet and – in the name of true balance – to savour quality edible market indulgences. For more information and event details visit www.prahranmarket.com.au
LIVE MUSIC, MARKET SQUARE
BIKE N BLEND TRADER SMOOTHIE COMPETITION
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This year’s Market Week theme is ‘Shop Well, Eat Well, Live Well’ with Prahran Market offering a host of events celebrating health and wellbeing. Prahran Market has exciting events all year round – like the recent Truffle Festival - but Market Week – now in its fifth year - always attracts big crowds with its program.
WHEN: Sunday 6 September, 11am–1pm WHERE: Across the market COST: Free
WHEN: Sunday 6 September, 11am–3pm WHERE: Blanco Kitchen COST: Free
or
From Saturday 5 September to Sunday 13 September, the annual Market Week, held across Melbourne’s four leading markets in Prahran, South Melbourne, Dandenong and Queen Victoria, is a jam-packed festivity of everything your favourite market has to offer.
Visit the kitchen this Father’s Day, to chat, learn and see how to feed the family using locally-sourced Victorian meat, sustainable seafood and seasonal fruit and vegetables. Drop in, ask questions, taste the difference in an informal setting. Demonstrations will include baking bread, making your own sausages and getting back to the basics with your food. There will be a new demonstration every hour, on the hour.
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WITH SLOW FOOD DEMONSTRATIONS, SMOOTHIE MAKING COMPETITIONS, LIVE MUSIC AND ACTIVITIES FOR THE KIDS, THIS YEAR’S MARKET WEEK AT PRAHRAN MARKET HAS SOMETHING FOR EVERYBODY.
This fruit foraging kids activity will see kids pick up their own ‘empty fruit salad box’ and then follow a treasure map to all the different fruit and vegetable traders, picking up a new and exciting fresh fruit offering to put in their box to make their own fruit salad. Finish with a scoop of ice-cream from Fritz Gelato. The idea is that the map will also contain information on the different types of fruit, why they’re good for you and other fun/ healthy things to do with them.
Ba
THE FOCUS OF MARKET WEEK
SLOW FOOD DEMONSTRATION - EAT SEASONAL, SHOP LOCAL
3004 COVER STORY
PRODUCE AT PRAHRAN
CREATE YOUR OWN FRUIT SALAD ADVENTURE
163 Commercial Road South Yarra
SPRING 2015
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3004 NEWS
DANGER ZONE ST KILDA ROAD RUNS THROUGH THE CITIES OF PORT PHILLIP AND MELBOURNE, MAKING IT ONE OF THE BUSIEST COMMUTER ROUTES FOR BIKE RIDERS IN MELBOURNE. IN THE FIVE YEARS TO JUNE 30, 2014, THERE WERE 131 KNOWN CASUALTY CRASHES INVOLVING BIKE RIDERS, WITH 25 RECEIVING SERIOUS INJURIES. MORE THAN A THIRD OF THESE CRASHES CAME FROM DOORINGS. IT IS BELIEVED MANY INCIDENTS, INCLUDING NEAR MISSES, GO UNREPORTED.
CYCLISTS DODGE THE DOORING DANGER ST KILDA ROAD HAS VICTORIA’S HIGHEST RATE OF REPORTED CAR DOORINGS.
experienced a near miss in the fortnight leading up to the survey, with two per cent being hit by unexpectedly open doors during that timeframe.
Half of 179 bike riders surveyed on St Kilda Road have dodged near misses with open car doors over the past two years and almost one in five had been hit by a door.
“These survey results underline why the council is advocating to the State Government for protected bike lanes on St Kilda Road between Linlithgow Avenue in Melbourne and Carlisle Street, St Kilda,” Cr Stevens said. VicRoads is evaluating Council’s proposal.
The Port Phillip Council survey, carried out in April was part of the council’s safety campaign aimed at reducing the number of injured bike riders on the busy St Kilda Road bike corridor. Port Phillip Mayor Amanda Stevens said the concerning results also showed more than a third of these riders had
All road users are encouraged to watch a video launched by the council in which police and experienced riders who participated in the survey offer safety advice to cyclists and drivers. Tips include riders staying out of the doorin zone to reduce their chances of being hit.
“These riders know first hand the importance of everyone sharing the road safely. Council encourages bike riding as a sustainable and healthy travel choice which helps reduce traffic congestion so we want more people to feel safe and confident about jumping on a bike, whether it’s to get to work or for a quick trip to the shops,” Cr Stevens said. Victoria Police’s Leading Senior Constable Mark James, who appears in the video, said the educational message applied to all road users. “Everybody, whether they are a cyclist, driver or pedestrian, has a role to play in ensuring our roads are safe,” he said. To view the video, go to www.enviroehub.com.au
STUDY INTO BIKE LANE FEASIBILITY THE FEASIBILITY OF PROTECTED BICYCLE LANES ALONG ST KILDA ROAD IS BEING INVESTIGATED BY THE STATE GOVERNMENT. An impact study is being carried out to determine whether it is feasible to upgrade the bicycle lanes along St Kilda Road to improve safety for cyclists.
Government “is committed to improving safety for cyclists, while balancing the needs of other road users, businesses and the local community”.
The study will consider how the road network will be affected if protected bicycle lanes separated from traffic would operate if introduced along the 5.2 kilometre stretch of St Kilda Road between Linlithgow Avenue and Carlisle Street.
On average, 3,100 cyclists travel on that stretch of road daily, making it one of the busiest cycling routes in Melbourne.
The study will investigate how the operation of the road network, including cars and trams, will be affected if service lanes were modified to accommodate protected bicycle lanes.
Minister for Roads and Road Safety Luke Donnellan said the State
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It will also determine the feasibility of upgrading the existing bicycle lanes along St Kilda Road to improve safety for cyclists while also balancing the needs of drivers, pedestrians, public transport users, traders and the local community.
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In the five years to 30 June 2014, there were 131 crashes involving cyclists on St Kilda Road, with 25 resulting in serious injuries. More than 60 of the crashes were a result of ‘dooring’, which occurs when drivers or passengers in parked cars suddenly open a door into the path of passing cyclists. Acting Port Phillip Mayor Bernadene Voss said the VicRoads study is great news for the thousands of bike riders who travel daily along the car dooring hotspot. “We warmly welcome Roads and Road Safety Minister Luke Donnellan’s announcement and we look forward to working in partnership with
VicRoads to determine the feasibility of Council’s proposal,” Cr Voss said. “Our proposal is based on a tremendous amount of research. It offers a significant opportunity for the State Government to greatly improve the community’s health and wellbeing and will increase the range of safe transport choices for all Melbournians on one of our premier boulevards.” A cost benefit analysis commissioned by the council – based on factors ranging from health benefits to reduced crash costs – means that for every dollar spent, the protected bike lanes are expected to deliver economic benefits of more than one dollar (in a benefit to cost ratio of 1.134). “As well as being an overall good investment for the government, protected bike lanes are an important way of sending the message that the current human cost of accidents is too high. By making this cost-effective improvement, more bike riders will want to use this corridor, the most direct and convenient route into the city.” Cr Voss said the feasibility study to implement protected bike lanes should be an integrated corridor project which
considers the St Kilda boulevard as a safe place for people - an urban design, land use and transport vision for pedestrians, bike riders, tram customers, local vehicle access and parking and tree planting. St Kilda Road currently has between six and eight traffic lanes, two tram lanes, two bicycle lanes, full-time parking in the service lane and offpeak parking in the centre median. The $305,000 study has been developed by VicRoads, the Transport Accident Commission, Melbourne City Council and the City of Port Phillip. It is expected the results of the study will be released later this year.
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3004 ENTERTAINMENT
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3004 ENTERTAINMENT
MUSICAL
ANYTHING BUT DROWSY A STORY OF MISTAKEN IDENTITIES, MIXED UP LOVE AFFAIRS AND ALL MANNER OF MADCAP MAYHEM WILL UNFOLD IN CLOC MUSICAL THEATRE’S LATEST STAGE SHOW. The rarely performed musical gem The Drowsy Chaperone, a show which beat bigger and grander musicals to win five Tony awards in 2006, is set to delight audiences this spring.
Earlier this year, award-winning CLOC produced a breathtaking premiere production of Mary Poppins, which was received with rapture, admiration and delight by patrons in record numbers.
And this show will be no different and will see audiences laughing with sheer enjoyment and exuberance, and tapping their toes as they make their way home from a joyous and hilarious night at the theatre. An irreverent romp that manages to be an affectionate tribute to musicals and a merciless send-up of the rip-roaring jazz age, The Drowsy Chaperone will transport audiences into the colourful world of the roaring 20s, complete with a motley cast of crazy over-thetop characters, including a Broadway
starlet, her dashing fiancé, two goofy gangsters, a theatre producer and his slow-witted chorus girl, an aviator, a self-styled Latin lover and of course, the chaperone herself.
The Drowsy Chaperone is playing 12 shows this October. WHEN: 2-17 October WHERE: The National Theatre, St Kilda TICKETS: $38-55 BOOKINGS: www.cloc.org.au or 1300 362 547
St Kilda Road Medical Centre
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Practice Hours: Weekdays (8am-6pm) Saturday (9am-12.30pm) Closed on Sunday & public holiday
BY OZ O’CONNELL Concierge Manager – St Kilda Road Precinct, 3004 Welcome to our Concierge Communiqué, we hope you find our comments and suggestions valuable to help you enjoy living in Melbourne – ‘the worlds most liveable city’ once again. With a touch of old-school charm that one associates with five-star service that a number of selected apartments enjoy in Melbourne. The following tips will help you enhance your quality of life in our lovely city.
HAPPY HIGH TEA The Hotel Windsor has been serving High Tea since 1883. It is a tradition which has made it famous for its awarded afternoon tea. Served on three-tiered silver stands, enjoy scones with jam, lovely pastries and ribbon sandwiches. Sourcing teas from three of the famous Ceylon tea estates there is no shortage of quality and variety. Or for something more relaxed consider a garden party at Madame Brussels.
WINE MATTERS So many statistics, so little time. Where to begin? For starters, and according to the Australian Bureau of Statistics, wine consumption in 2014 Australia is a cool 541 million litres, 10 per cent more than five years ago. Almost half is consumed in white wine, a third in red wine, and the balance in rosé, sparkling and fortified. Fifty years ago, beer made up three quarters of all alcohol consumed.
Today it represents 41 percent. On the other hand, wine consumption over the same period has increased from 12 to 38 percent. But who buys and drinks the stuff? Although men still like to tap into their beer, both men and women love their wines. According to US market research firm Canadean, men and women have very different wine-drinking habits. Women drink more wine, 59% to be precise, but they also spend less. The research reveals women primarily purchase and consume wine to chill out and relax with their friends. In the US,
FEEL LIKE SOMETHING ASIAN WITH SIZZLE … Then a visit to HWARO Korean BBQ, 562 Little Bourke Street, Melbourne, is a must. Authentic Korean cuisine in the city, a variety of meats and seafood cooked over barbecue coals. The traditional barbecued Korean style marinated meats allures you in the front door as the aroma drifts down the street. It’s a delightfully tasty experience.
GROUND CONTROL TO MAJOR TOM … David Bowie Is features more than 50 costumes, video and photographic images and interviews showcasing Bowie’s impact as a worldwide performer. Exclusive to the Australian Centre for the Moving Image from London’s Victoria and Albert Museum, this is a must see for fans.
FEELING FIT? Have fun running from the City to St Kilda with live entertainment all the way in the Sunday Age City2Sea.
women spend $6.7 billion on ‘chilling out’ wine compared to $1 billion spent on high-quality, more expensive bottles. Women feel less guilty about the price when drinking more affordable wines because they prefer to drink more regularly and in the company of others. When alone at home, in a bar or in a business situation, women decide to either not drink or drink much less than in a social setting. Men make up 41% of consumption but have a tendency to be wine snobs. The survey shows that men spend $1.8 billion on high-quality more exclusive bottles - $800 million more than women. Men also spend more time in search of new drinking experiences, shelling out $2.4 billion - $200 million more than women. Men are interested in the newest, more expensive variety, which is reflected in
3004 LIFESTYLE
CONCIERGE COMMUNIQUÉ AT YOUR SERVICE The final event in 2015 for the new Run Out Loud Fitness and Music Series is on 15 November.
KIDS FUN – RAIN HAIL OR SHINE - DOCKLANDS Glow Golf, the first of its kind in Australia, lets you play 18 holes of mini golf in air-conditioned indoor comfort. Black light mini golf transforms you from playing mini golf to UV lit lighting creating a wonder lit environment the whole family can enjoy together.
THE LION KING – ENDS 1 NOVEMBER This is your last chance to see Broadway’s highest grossing show in New York history. More than 70 million revellers cannot be wrong and only the second show in history to generate five productions worldwide running 10 years or more. We hope this information helps you enjoy your life in Melbourne.
the current trend towards increased connoisseurship. Men are more likely to open a bottle when alone relaxing or cooking at home. Because they tend to like the history and technical aspects of wine, they may unwittingly show off their wine prowess in social or business settings at the risk of boring everyone else around the table. According to Catherine O’Connor, senior analyst at Canadean: “Women are looking to wine to accompany conversations as they unwind with friends. For men, wine is the conversation.” Interestingly, both men and women agree on this: no matter how much you spend on your bottle of wine, you should feel confident drinking it all in one sitting. Women and men agreeing, now there’s a concept. Let’s drink to that.
Armstead Estate boutique vineyard on the banks of Lake Eppalock produces handcrafted premium wines.
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SPRING 2015
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3004 ENVIRONMENT
3004 NEWS’ ENVIRONMENT COLUMN BY ANITA ROPER
MELBOURNE HAS ONCE AGAIN WON THE ECONOMIST’S ‘WORLD’S MOST LIVEABLE CITY’ TITLE – A MAJOR LIFESTYLE AND MARKETING WIN. HOWEVER THE AWARD DOESN’T ANALYSE WHETHER WE’RE THE MOST SUSTAINABLE CITY.
The role of cities is becoming more and more important with 70% of the expected 10 billion global population living in urban centres by 2050. It’s only recently that they finally overtook rural dweller numbers. Cities consume 78% of the world’s energy and produce 60% of climate change creating carbon. At the UN level cities are about to be recognised for the first time as part of the Sustainable Development Goals (Goal 11) and Secretary General Ban Ki-Moon has appointed former New York Mayor Michael Bloomberg as his Special Envoy for Cities and Climate Change.
If cities and mayors are key drivers of action on climate change what is Melbourne up to? I have good news - fortunately a lot. The Lord Mayor, Councillors, officers and community groups are complementing Melbourne’s active involvement in the C40 Cities organisation (which represent a quarter of world GDP). Last year our Urban Landscapes Climate Adaptation Program won a C40 major international award – along with New York’s Greener Buildings Plan. Amongst the Adaptation projects are urban forest and green space expansion, development of green roofs and walls, the Growing Green Guidelines for building owners thinking about installing green roofs, streetscape adaptation, water management, storm water harvesting and permeable pavements so heavy rains don’t just run off as a flood. Our major tree plantings are of varieties which will thrive in a hotter, drier climate. Melbourne’s research on the impact of climate change at a city level has been accompanied by public awareness programs so that we understand the
impact of a city heat island pushing up our temperatures and the impact of drought on our urban greenspace. With the help of the Rockefeller Foundation the City Council has employed a pioneering Resilience Officer, Toby Kent. His first report cites 20 issues that could threaten our liveability including at least six relating to climate change – we will be hotter, drier and under threat from inundation and shoreline recession – a bigger bay and flooded properties. As communities and citizens we can support the city and state efforts and make it clear that we want action to reduce our emissions and avoid a potentially different and more threatening future. We can seek to persuade our friends and colleagues to Bloomberg’s view that mayors no longer see the economy and the environment as conflicting priorities but as two sides of the same coin – a sustainable city is much more likely to be a prosperous and healthy one.. Until next time,
ANITA ROPER
PARTNERSHIP IS CARING FOR THE
ENVIRONMENT TWENTY FIVE STAFF FROM LEADING ST KILDA ROAD DEVELOPER, AUSTRALAND, JOINED 80 SCHOOL CHILDREN TO PLANT NATIVE TREES, SHRUBS AND GRASSES AS PART OF PLANET ARK’S NATIONAL SCHOOLS TREE DAY.
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Students from Orchard Grove Primary School in Blackburn South planted 150 native plants, improving the landscape and contributing to Planet Ark’s countrywide initiative, National Tree Day and Schools Tree Day representing Australia’s biggest community tree planting event.
The school, adjacent to natural reserve, Wurundjeri Walk, gives children the opportunity to observe a range of fauna and flora with, native ducks from the wetlands regular visitors in spring.
of committed environmental custodians,” Mr Boyd said.
Australand’s General Manager Residential for Victoria, Anthony Boyd, said that the day with the Orchard Grove Primary children aimed to further inspire and educate young Victorians about our environment.
Several companies worked in partnership as part of the revegetation program. Plantmark supplied the small plants and shrubs that had students planting a variety of species of indigenous shrubs and ground cover plants. Bowens generously donated the timber and Landscapers at Work and Group GGA provided landscaping advice and direction.
“Australand has been developing communities for families to live and prosper for nearly 90 years and as a company, we are keen to see young students and their families actively care for our unique land creating future generations
Orchard Grove Primary School principal Glenda Harry said Schools Tree Day is just one of the positive contributions organisations can make toward the community assisting families and in particular, children, to reconnect and interact with nature.
Orchard Grove Primary School is nearby to Australand’s Burwood East Redevelopment and will continue to be a primary stakeholder within this precinct. “We definitely encourage parent and general community involvement and love the sense of ownership that comes with that. Our resident horticulturalist, Susan Berkeley is to be congratulated for her efforts in instilling a strong sense of community among the students and their families. “Schools Tree Day allows students to make a lasting contribution to the community’s natural environment,” Ms Harry said.
3004 FINANCE
TOM ELLIOTT WRITES...
CHINA’S SNIFFLE IS OUR COLD Just in case you hadn’t noticed, the Australian stock market has recently experienced the type of volatility last seen during the Global Financial Crisis of 2008-09. During August alone shares fell 12% from peak to trough before recovering some of their losses. The reason for all this nervousness? Chinese growth, or lack thereof. For over a decade now the Australian economy has been well and truly hitched to its Chinese counterpart.
The powerful themes of industrialisation and urbanisation led to enormous demand by the Middle Kingdom for new roads, bridges, railways, buildings and airports. The construction frenzy this created saw a massive lift in iron ore prices, which Australian producers like BHP, RIO and Fortescue were only too happy to feed. Thanks to Chinese demand, Australia sailed through the GFC with nary a scratch. For a while our all-powerful economy was the envy of the developed world. Unfortunately the minerals boom is rapidly becoming a bust. China’s economy is finally slowing as its colossal infrastructure build comes to an end. In the short term the Chinese government is attempting to prop things up by devaluing the Yuan (so as to lift exports) and cutting interest
rates (in an effort to stimulate domestic demand). Over the next few years, however, it’s hard to see the prices of iron ore or oil recovering to any meaningful extent. As a result the once-powerful mining sector of our economy must continue to slow. So what next? What can Australia do to reverse the impact of the Chinese slump? For my mind, there are two main areas on which Australia should focus in the 21st Century. The first of these is tourism. Millions of middle-class people throughout Asia hunger to experience clean air and wide open spaces. We possess these in spades. Add in decent restaurants and hotels with a high level of customer service, and inbound short-stay visitors could prove a gold mine.
Second is education. Many of the people who come here as tourists aspire to a Western degree for their children. Thanks to historically high standards at our better universities, the Australian tertiary sector has much to offer overseas students seeking the educational ticket to a better life. Both the tourism and education sectors are highly competitive on a global scale. We’ll have to do more than just open the doors and hang out a shingle if we want paying visitors to arrive. But the opportunities from Asia’s expanding middle-class are both real and huge. We’d be mad to miss this opportunity.
Tune in and listen to Tom between 3-6pm weekdays on 3AW’s Drive.
CONSIDER YOUR LONG-TERM INVESTMENT STRATEGY, DO NOT BE FRIGHTENED
BY NATHAN LEAR
The economic situation in Greece has been the focus of much media attention, however the recent happenings of the Chinese sharemarket has also been a hot topic of discussion. Why is this? The Chinese sharemarket as measured by the benchmark Shanghai Composite index has been in freefall. Over the last couple of months, the Shanghai Composite index has fallen by around 30% from its June 2015 high. Over the previous 12 months, the Shanghai Composite index has appreciated close to 150%. To put this in perspective, the recent falls have only brought this index back to levels in March of this year. In order to stem the falls, the Chinese government has been implementing several policy measures in an attempt to support share prices. Some consider the actions undertaken by the Chinese government as questionable.
Sharemarkets and economies do not always move in the same directions. While the Chinese sharemarket has seen a big sell off, China’s Gross Domestic Product (GDP) growth seems to be on track at around 7% per annum. Recent global turmoil in Greece and China has resulted in shockwaves throughout global markets. The Australian sharemarket has fallen close to 10% from highs of earlier this year. The recent sharemarket decline in China has seen in flow on effects to commodity prices. The iron ore price continues to come under pressure, currently trading at around US$55 per tonne, down some 70% from its 2011 high. Falling commodity prices has continued to put the share prices of our biggest miners, namely BHP Billiton and Rio Tinto under pressure. These type of market events often put fear into investors. It is dangerous for
investors to make significant changes to their long term investment strategies based on short term macro-economic events. I would suggest it is best for investors to not make any rushed decisions and to take a moment. Provided their investment strategy is on target to meet their long term goals and objectives no rash changes should be made. If investors do decide to make changes to their portfolio, it should be done after careful consideration and perhaps discussions with your trusted adviser, rather than on the back of media headlines. So what does the recent volatility in Chinese stocks mean for Australian investors? Australia does not have large amounts of investment in the Chinese stock market or the property market for that matter, therefore falls in their sharemarket should not have a significant flow on effect to us.
However there could be short term volatility in the Australian sharemarket and global markets for that matter. When markets fall, often the first thought of investors is to sell. As the worst greatest investor Warren Buffett is quote saying: ”Be fearful when others are greedy and greedy when others are fearful.” Like the debt crisis in Greece, the China story is being hyped up by the media. However this is not to say people in these countries won’t fall on hard times. As always, Hewison Private Wealth recommend that our clients take a long term investment approach and do not make long term investment decision based on short term macro-economic events. Nathan Lear is a Private Client Advisor at Hewison Private Wealth www.hewison.com.au
SPRING 2015
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3004 HEALTH
ANIMAL ANTICS IN CIRCA’S CARNIVAL THE JOY OF THE ANIMAL KINGDOM COMES TO THE STAGE IN A SOPHISTICATED AND VISUALLY STUNNING PHYSICAL THEATRE EXTRAVAGANZA FOR THOSE YOUNG AND OLD. Australia’s Circa is set to perform its wondrous fusion of circus, animation and music, Carnival of the Animals, created by circus visionary Yaron Lifschitz. Circa is known for pushing artistic boundaries and creating powerful works of circus art that thrill, challenge and captivate as they constantly reimagine circus as an art form. Carnival of the Animals continues this depicting creatures from land, sea and sky with seven Circa performers dressed in elaborate costumes take the
audience on a sublime journey through the lives of the tortoise, the elephant, the kangaroo, the swan, and many other beasts of fur, feathers and fin.
Carnival of the Animals, written in 1886, has been adored by children and adults for many generations. It is a playful and magical work of music imbued with Victorian eccentricity whose 14 movements each explore a specific or group of animals. Circa has been at the frontier of new circus since its inception in 2004, highly sought after across the globe for its innovative blend of movement, dance, theatre, music and acrobatics that boldly reimagines circus as an art form. CIRCA – CARNIVAL OF THE ANIMALS WHEN: 28 September to 4 October WHERE: Playhouse, Arts Centre Melbourne TICKETS: $25 – $37 BOOKINGS: 1300 182 183 or artscentremelbourne.com.au
not just band-aid solutions Benefit from our years of experience & knowledge for your long-term health and well being. Our philosophy is simple. We provide ‘Quality and Care’ to ensure our customers receive the best healthcare advice with value for money and reputable medical products. We are dedicated to providing professional pharmaceutical advice… our finger is always on the pulse for your good health..
Pharmacy 517 517 St Kilda Rd (Corner Commercial Rd) P 9866 4892 • F 9866 2133
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Monday – Friday 8.30am – 6.30pm Saturday by appoinment Email pharmacy.517@nunet.com.au
• Self-Care Health Information • Prescription (Rx) • Vitamins • Passport Photos • Photocopy & Fax
At Pharmacy 517, we don’t have customers, we have friends. It’s how we connect with our friends that allows us to make a difference in their lives.
THE MOST POPULAR DRUG IN THE WORLD BY DR WILLIAM SO Ironically, the two most popular drugs in the world are not sold in pharmacies - caffeine and alcohol. Caffeine is naturally found in leaves and fruits of coca, coffee, tea and guarana plants. It can also be chemically manufactured and added to various foods and drinks. Caffeine takes up to 30 minutes to work and can increase mental alertness. However, it is not a substitute for sleep. Like most drugs, high doses of caffeine have side effects such as anxiety, fast and irregular heart rate, dehydration, headache, stomach pains, nausea, and vomiting. Heavy regular users are
at risk of high blood pressure, heart disease, heartburn, ulcers, and severe insomnia. Caffeine is also considered to be an addictive drug. Generally a daily intake of 400mg per day in an adult, (pregnant women 200mg) is considered to be safe. This is the equivalent of four 100mg caffeine tablets, for example No Doz or five 250ml of energy drinks like Red Bull, V or five cups of instant coffee, or four cups of brewed coffee, or eight 375ml cans of soft drinks like Cola. Cigarette increases the breakdown of caffeine in our body. Therefore, a person who is both a heavy smoker and a heavy coffee drinker is likely to experience an increase in anxiety when he attempts to quit, not of lack of cigarettes but because of the increased caffeine level. Dear Reader, now you know the facts, please enjoy responsibly.
3004 HEALTH
ASK DR JOHN Q: I’M IN MY LATE 20s, HAVE ALWAYS PRACTICED GOOD ORAL HYGIENE, AND NEVER REQUIRED ANY MAJOR DENTAL WORK. I’VE TRIED OVER THE COUNTER WHITENING TREATMENTS SUCH AS WHITENING TOOTHPASTES AND STRIPS, BUT STILL FEEL THAT MY TEETH ARE NOT ‘BRIGHT WHITE’. COULD PROFESSIONAL WHITENING BE A SOLUTION TO MY PROBLEM? THERE ARE A VARIETY OF OPTIONS FOR WHITENING YOUR TEETH. OVER THE COUNTER PRODUCTS MAY HELP TO SOME DEGREE, HOWEVER PROFESSIONAL SOLUTIONS USED BY THE DENTIST ARE MORE EFFECTIVE AS THEY ARE STRONGER, ENSURE THAT YOUR TEETH WHITEN QUICKER AND ALSO ACHIEVE A WHITER RESULT.
Your dentist will also ensure that the appropriate treatment is undertaken to cater to any teeth or gum sensitivity. The most common whitening options from the dentist involve custom-made trays filled with bleaching solution that fit firmly over your teeth. These are taken home and used over a prescribed period of time to achieve the desired result. Another option is to undertake “inchair” whitening, such as Phillips Zoom Whitespeed. In this case a light
or heat source is used to speed up the process. With this method you may achieve results of up to eight shades whiter within one to two hours. If you’re interested in learning more about professional whitening and if you are suitable for treatment, the first step would be to schedule an examination with a dentist who can discuss this treatment and alternative treatment options, risk factors and determine your suitability for treatment.
Dr John Hagiliassis is the principal dentist at Freedom Dental Spa, a long-standing dental practice serving the city of Port Phillip and Melbourne for more than 30 years and offers high quality dentistry and six-star service in a relaxing spa like environment. To ask your dental question to Dr John, email info@freedomdental.com.au with Ask Dr John in the subject.
SPRING 2015
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3004 PROPERTY
CHANGES TO BUILDING HEIGHTS TO MAINTAIN URBAN CHARACTER
TOP TIPS FOR SPRING CLEANING WITH THE DOOM AND GLOOM OF WINTER OVER IT’S TIME TO SPRING BACK IN TO ACTION, IN MIND AND HOME.
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Storage and de-cluttering expert, Supercheap Storage co-founder, Jordana Thirlwall, said that during winter we tend to disregard the dust, turn a blind eye to the mess and prefer to rug up with a book rather than a vacuum cleaner.
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She offers these top tips so you will soon have your house and mind in order in no time 1. DE-CLUTTER & STORE: Miscellaneous items here, there and everywhere? Take some time to declutter the house and dispose of those winter knick-knacks that are now expendable. But, as the saying goes, one person’s trash is another person’s treasure so if you don’t need it why not donate or recycle it. It’s good for the soul.
MANDATORY OVERALL BUILDING HEIGHTS FOR THE ST KILDA ROAD NORTH PRECINCT ARE AMONG CHANGES SUPPORTED BY PORT PHILLIP COUNCIL TO MAINTAIN THE LIVEABILITY AND VALUED URBAN CHARACTER OF THE AREA AS IT CONTINUES TO GROW. The council will request Planning Minister Richard Wynne, who holds final approval of new planning controls, to incorporate the changes. Mayor Amanda Stevens said the recommendations of an appointed independent Planning Panel, appointed by the State Government to review the council’s proposed new planning framework, had been carefully considered. While the panel generally supported the council’s design objectives and its proposed building heights, it recommended that height controls should be discretionary, rather than mandatory, in parts of the precinct. “While taking up several of the panel’s recommendations, the council believes
2. WHAT’S IN THE WARDROBE?: Keeping warm often leads to multiplying your wardrobe and come spring it can appear rather overwhelming. So, why not sort through your clothes in to seasons and store those autumnal and winter pieces that will not be seen in the light of day for some time. Some say it’s a form of therapy. 3. PICK UP A PAINTBRUSH: A simple, fresh coat of paint can leave you feeling rejuvenated and clear headed, and will freshen up the darkest of rooms with the stroke of a brush. 4. CLEAN OUT THE PANTRY: In the colder months we tend to eat more - chips over fish, pasta over salad, ice cream over fruit. Going on a spring detox and flushing out those winter toxins hidden in the pantry, fridge and
permanent, mandatory building height limits are essential to set clear directions for future development of this important precinct and to create certainty for residents and developers,” Cr Stevens said. “Residents’ submissions raised a range of concerns, from privacy and traffic congestion to adequate apartment sizes and the possible loss of views and daylight. We have listened to our community and believe our decision provides the best possible balance between providing opportunities for future development and preserving amenity for existing and new residents.” Amendment C107 implements the draft St Kilda Road North Precinct Plan by revising the local planning policy framework and updating the development controls. While each of the panel’s recommendations must be considered, the council is not obligated to accept them but must explain the reasons for its decision. Councillors will also ask Mr Wynne to introduce statewide apartment standards - including minimum apartment sizes into the Victoria Planning Provisions.
freezer can leave your body and mind feeling revitalised, and your pantry too. 5. DETOX THE BODY, MIND AND MOULD: Too many nights curled up with a bottle of wine in the winter months? Maybe it’s time to give the body a rest and use the left over vodka lingering in the liquor cabinet for cleaning purposes. The toxins in vodka can rid the worst of mould and soon your bathroom will look sparkling clean again. 6. CALL IN REINFORCEMENTS: There are many companies who will store belongings for as little or as long as needed. Do some research on available companies and shop around for the best quote. It is important to go with companies who focus on security and reliability so belongings stay secure and are easily accessible.
3004 MOTORING
MOTORING REVIEW BY PAUL MARIC FERRARI
CALIFORNIA T
THE FERRARI CALIFORNIA T IS A CAR THAT HAS PUT FERRARI UNDER IMMENSE PRESSURE. NOT BECAUSE IT’S FERRARI’S MOST AFFORDABLE VEHICLE, BUT BECAUSE IT IS THE FIRST TURBOCHARGED FERRARI SINCE THE ICONIC F40, WHICH ADORNED THOUSANDS OF KIDS’ WALLS AS A DREAM-MACHINE POSTER - MINE INCLUDED.
Launched with a price tag of $409,888 (plus on road costs), the California T is Ferrari’s only four-seat convertible model.
and rear. A reversing camera and front and rear parking sensors also make parking a breeze — a critical part of owning a supercar like this.
The outside is trademark Ferrari with quad exhaust pipes and a prancing horse adorning the rear end. Up front there is a new slatted grille, bonnet vents and a new seat of headlights decked out with LED turn signals. The sculpted profile continues around the side of the car where it manages to look stunning both with the roof on and off.
This car’s best feature sits beneath the bonnet. The 3.9-litre twinturbocharged V8 engine produces a staggering 412kW of power and 755Nm of torque. This power and torque figure is out of this world for a smaller capacity V8 engine. The engine is mated to a slick shifting dual-clutch seven-speed automatic gearbox.
The seating position and interior layout is exceptional, giving the driver good visibility out the front, sides
This combination makes the California T good for a 0-100km/h dash of just 3.6-seconds — that’s stupendously quick.
Ferrari’s trademark manettino dial allows the driver to move between comfort and sport modes, both offering a unique suspension, steering and throttle tune. The sport mode instantly turns this sedate convertible into a fairly hectic monster. The engine note is sensational, with loud cracks and pops during gearshifts. The gearbox even blips the throttle on down shifts to ensure the car is heard before it is seen. The Ferrari California T represents the latest and greatest from Ferrari and is an exciting sign of things to come. The turbocharged V8 engine is lag-free, sounds incredible and is the
ultimate excuse to buy into a brand that is clearly focussed on delivering the absolute best for its customers. The only dilemma you will face is picking the exterior and interior colours. Paul Maric is a Melbourne-based, independent motoring journalist and mechanical engineer.
VISIT: www.caradvice.com.au FOLLOW PAUL ON TWITTER: @PaulMaric
SPRING 2015
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