Peregian Springs News Inform know grow Volume 4. Issue 9
June 2019
INSIDE
An aerial view of the new aquatic centre. Photo credit: Joel Tomkins of St Andrew’s Anglican College.
Making a splash WORK on St Andrew’s Anglican College’s new aquatic centre is progressing as planned with the latest communication on the project indicating it is expected to be in use by Term 4 this year. When completed the $13.8 million aquatic centre will include a fully covered 15m x 8m learn to swim pool, a 52m x 25m main pool able to be divided into two full sized water polo pools, a café, pool viewing deck, a 500-seat grandstand, administration offices, toilets and changing rooms. The project’s builder, Integral Constructions, posted a report to its facebook page on May 23 saying the services fit-off was underway, painting was ongoing and joinery would commence soon. St Andrew’s has appointed John Bladon as its Head Coach and Aquatic Centre Manager. Mr Bladon is a former president of the NSW branch of the Australian Swimming Coaches and Teachers Association and has a history of opening high performing aquatic centres including the Sydney International Aquatic Centre, the MLC pool in Burwood in Sydney and the Knox Grammar pool. It is expected the centre will be open 7-days a week and offer a full range of programs for the College and the broader community. Peregian Springs News, June 2019
Half court action set to start in July Page 3
It’s a winter wonderland captured in pics Page 14
Follow an architect on your next journey Page 31
From the Ed’s desk:
Local News
Winter has suddenly arrived— with the crisp mornings and some lovely clear days. The change of season has taken many by surprise with the colds and flu going around, as is the strong urge to stay in bed that bit longer in the dark, cold mornings. In my travels around Peregian Springs I’ve been taking pictures hoping to capture the change of season. See page 14 for some of those. Try to take a minute to notice the changes around you - also remember to take a bit more care of yourself in winter too. Give yourself some extra leeway to do the good work you do every day. All that matters is that we’re doing things a little better today than we did yesterday. We’re not robots, life would be very boring if we were. If you’d like to send me your winter pics, feel free to email them through with your name so I can publish them sometime and attribute them to you. Until next month! Rebecca peregianspringsnews@gmail.com
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School’s nearly out TERM 2 is just about over for students in Peregian Springs. Within the estate, St Andrew’s Anglican College breaks for the winter holidays on June 21, and Peregian Springs State School students have their final day of term on June 28. For those with children on holidays looking for something different to do, there’s a Taste of Ireland Irish music and dance show coming to The J at Noosa on Saturday, June 22. On July 6, at the same venue, there’s a production of Disney Aladdin Jr. See www.thej.com.au Another show to watch out for to entertain the smaller children in the house could be the Play School Humpty Dumpty tour on June 26 at Bokarina. Call Kids Promotions on 1300 788 028.
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Local News
Basketball court taking shape THE reinforced steel outline of the soon-to-becompleted half court basketball surface by the recreation fields at Peregian Springs shows a strong sign that the project is on track to be completed soon. The latest estimates from Sunshine Coast Council have the final pieces of stage 1 of the play space project being completed in late July, weather permitting. Stage 1 will include a half basketball court exercise and play area with a rebound wall and fencing, terraced seating and steps, an art mural and
landscaping. The next stage will include some basic skate elements in the area closer to the existing playground.
Peregian Springs News, June 2019
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Local News
Questions asked on Koel Circuit THE developer behind the proposed multi-level 74-unit project at Koel Circuit has been given until the first week of July (or later by negotiation) to supply Sunshine Coast Council with answers to a 7-page request for further information before its development application will progess any further. Billy Lids Australia Pty Ltd has a live application with Council for a development permit for a material change of use of premises to establish a multiple dwelling 74 units, shops and offices at Lot 3292, SP282581, Peregian Springs. The site overlooks the shopping centre carpark on the Motorway side of Koel Circuit. In a letter to the developer Council
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has raised a number of issues and sought clarification and information as part of the approval process. The developer has three options once in receipt of this type of letter. It can provide all of the information requested, part of the information requested, or a letter to Council saying it will not be providing any information at all. If after three months no information has been provided, and no extension sought, Council deems the developer as having decided not to respond and moves forward with the development assessment process based on the last plans submitted. The application is deemed to be impact assessable and to require a
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Local News public notification period as the next step in the process after the information is provided or the period for supply expires. In terms of the issues identified by Council they include: • Building Height • Building Mass and Composition • Density • Design for Climate • Village Centre Streetscape • Privacy, Private Open Space • Carparking • Engineering • Landscaping • Waste Management • Noise Amenity Examples of specific information requests made include: • “Demonstrate that the upper storey of the proposed development would not impact on the privacy or amenity of the adjoining
developments to the south.” • “Demonstrate that the development would provide adequate spaces between buildings a suitable intervals to provide visual breaks and space for large trees to contribute to the streetscape amenity of the area in accordance with P1 Element (3) of the Code for Low-rise Multi-unit Residential Premises” The issues and information requests cover the range of issues raised by residents via the Peregian Family and Friends in a letter to Council in March. In that letter PFAF said that “... we believe that this proposal is an overdevelopment and should be scaled back significantly, both as to height and the number of dwelling units and deliver the community facilities that are stated in the Master Plan and so greatly needed.”
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Local News
Comments call on airport plan SUNSHINE Coast airport released its draft Airport Master Plan 2040 on May 30 and opened a 10-week period of consultation with the local community. The plan incorporates infrastructure being delivered by Sunshine Coast Council under the Sunshine Coast Airport Expansion Project, including the new 2,450m runway and an associated 1300m taxiway and other facility upgrades at the airport. The plan outlines that the airport will operate on the new runway only from 2020 when the new runway is fully commissioned. It says the new runway will be able to accommodate wide body passenger aircraft, which cannot use the existing runway and will also enable aircraft to
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carry full passenger and freight loads, which the restricted nature of the current runway prevents. Key elements of the plan include a desire to drive economic growth on the Sunshine Coast by opening up new routes and services, both nationally and internationally. Another element of interest is that the plan attempts to design for the future, with a desire to “establish Sunshine Coast Airport as an integrated transport hub for the region with provisions for a light-rail station and potential for autonomous vehicles. A table supplied as part of the masterplan package indicates a desire to move from servicing 4 domestic and international destinations now, to a
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Local News total of 8 by 2040, with passenger numbers to jump from 1.2 million per annum now to about 3 million per annum in 2040. Direct and indirect employment is predicted to rise from 720 jobs now, to 2080 in 2040. Sunshine Coast Airport chief executive officer Andrew Brodie said the plan marked a new era for the airport. “A vast amount of work has gone into producing the Draft Master Plan and it follows extensive consultations with airport tenants, local stakeholders and experts to ensure that we have an airport that can cater for the dynamic growth expected across the region, while also being one of the most efficient and safe regional airports in the country,” he said. “We understand the airport is important to our community and
Sunshine Coast Airport, not only welcomes, but encourages, feedback from across the community. “The purpose of the 50-business day community engagement period is to ensure that our community has a chance to participate in the process and have their views considered in the development of the final Draft Master Plan we deliver to Council.” The community engagement period ends on August 9. An information session will be held at Peregian Springs Shopping Centre on Friday, June 7 from 12-2pm, and the next closest will be at the Coolum Surf Club from 4-7pm on Thursday, June 20. For a look at the full plan and to leave your own feedback, see www.sunshinecoastairport.com.au/ masterplan2040.
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Local News
No word yet on flight path plans AIR Services Australia is wading through a sea of feedback, reported to be more than 3500 submissions, in relation to the proposed new flight paths tied to the new runway at Sunshine Coast Airport. On its website on May 10, Airservices Australia says it is “currently collating and analysing feedback and submissions that were received through our advertised channels”. “These include submissions that were made through our online portal, submissions provided at our consultation drop in sessions and submissions that were posted (with a valid postmark prior to the consultation close date).
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“Due to the high number of submissions and correspondence received, we are unable to respond individually. A Summary of Feedback will be released on Airservices website in due course”. Local community groups have joined forces to lend their support a new organisation Flight Path Forum (www.facebook.com/flightpathforum) which coordinated information sessions prior to runway consultation closing on April 30. It’s key aims are to remedy the lack of consultation on the flight paths, to advocate for the protection of natural environments affected by the new path, and to investigate alternative paths with less impact to residents north of the airport.
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Local News
PFAF rallies behind residents RESIDENTS in the Sentosa East gated estate on Balgownie Drive and the Peregian Family and Friends group that has supported them in their objection to a proposed rezoning of the tennis courts and recreational area in their estate from sport and recreational to residential zoning are awaiting Council’s decision on the application lodged by the land’s owner FKP Residential on March 26. The application required public notification which closed on May 10. Council’s Development I website indicates “consideration of submissions” is completed and as of May 28, the decision is pending. Just prior to the objection period closing PFAF lodged their opposition
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to the development with Council. The Sentosa East body corporate also sent a clarification letter to Council saying they neither support or oppose the application. The original developer application had asserted that the Body Corporate was in favour of the tennis courts being converted to housing. In the letter of opposition to the development PFAF president Kane Livingston said a key element for the group getting involved in the application process was the fear that should this application be approved it would set a dangerous precedent for other sport and recreational land to be open for rezoning, particularly around the golf course here in Peregian
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Local News Springs, but potentially also further afield in areas such as the Palmer Coolum Resort. Another point the PFAF letter makes is that the proposed development on the site does not comply with the body corporate standards. “The applicant’s description of its intentions for the planned dwellings is completely at odds with the The Sentosa tennis court, as seen on Google Maps. current standards followed by the Sentosa Body Corporate and there facility available to the residents of is concern that the applicant or Sentosa Estate or the broader subsequent builder may try to provide community - given, it says, that FKP substandard dwellings to maximise Residential Investments bought the returns at the expense of conforming land in 2009 knowing there was a 15 with existing design parameters�. year Deed of Covenant in place for PFAF also questions the assertion owners of 69/114 to use the centre. that the owner of the tennis court land We will keep following the is under no obligation to make the application and report the result.
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Local News
Body corporate special fee update CORRECTION: IN the May edition of Peregian Springs News we reported an incorrect estimate of the value of the body corporate fee increases that would be required for each residence in the Ridges estate area to return the Principal Body Corporate Admin Fund to surplus in the coming financial year. We have been advised that overall body corporate fees required to be paid by each of the subsidiary body corporates to the PBC will rise about $3 per week per residence ($160 a year). For owners in some of the residentled subsidiary schemes, the increase could be as little as $1 a week as their body corporates had predicted the extra money would need to be found
when they identified the issue of having the PBC Admin fund in deficit and brought it to the attention of the Office of the Body Corporate and Community Management to be ruled upon. These body corporates had allowed their Admin funds to build a surplus to draw upon when the fee rise came and lessen the blow on their residents. At the PBC’s AGM held at Surfair in Marcoola on April 17, the committee accepted a budget to see the PBC’s finances strengthened in the year ahead and clearing an Administrative fund deficit of over $350,000 which the State’s Body Corporate referee, The Office of the Body Corporate and Community Management, had ordered the PBC to fix in this financial year.
Peregian Springs News
Inform know grow
Peregian Springs News thanks our readers and asks you to please show support for the businesses whose advertising dollars allow us the space to share your stories. ADVERTISING DEADLINES FOR NEXT THREE EDITIONS: Edition July: August: September:
Booking & Copy deadline June 24 July 29 August 26
Distributed from date Friday, July 5 Friday, August 9 Friday, September 6
Phone: 0422 215 648. Email: peregianspringsnews@gmail.com. Copies are delivered to letterboxes in Peregian Springs* and Peregian Breeze without no junk mail signs, and bulk dropped at the Pool Café, and the shopping centre. Peregian Springs News - independently produced and published by Rebecca J Crockett T/As Peregian Springs News (ABN 49865205676). Those making advertising placement and/or supply copy material or editorial submissions to the publication undertake to ensure that all such material does not infringe the Competition and Consumer Act 2010 Cth as amended from time to time or other laws, regulations or statutes. Further to this, these persons agree to indemnify the publisher and/or its agents against any investigations, costs, claims and/or judgments. *No hand delivery in Sentosas or Pavilions occurs.
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Peregian Springs News, June 2019
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Local News
Enjoy our winter wonderland WINTER is here, with clear skies and icy mornings becoming the norm of late. The conditions are perfect for great photos of our local area. This page has a few snaps we’ve taken on our regular walks, but we would love to feature photos from you, our readers, that show off the beauty of this place we all call home. If you’ve taken a great photo of the local area that you’d like us to share, please email it through to us here at peregianspringsnews@gmail.com
along with a short caption of where it was shot, and your full name so we can give you a photo credit. Enjoy.
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Local News
Residents rally to help children A holiday adventure to beautiful Vanuatu came with an extra bonus for children on the island, as well as Peregian Springs locals Roger and MaryWhite. When it came time to book their holiday, the couple, residents of Aveo Peregian Springs Country Club, found that the resort they had chosen supported the non-profit organisation Pack for a Purpose. The organisation encourages travelers who have space in their luggage to take useful items to help the communities they are visiting. Since 2010, more than 127,000 kilos of supplies have been taken out to meet the essential needs of people in 60 different countries. Mary said they were excited about the idea they could help the children around where they were staying and approached residents of the Country Club to help support this initiative. “We had a wonderful response and 16
were able to take over 40 kilos of items with us,” she said. “Whilst there, we were able to take some of the items to the Mangaliliu Village School and the rest will go to offshore islands where the villagers have no access to obtain school supplies. “Most of the villagers are subsistence farmers who do not have a cash income, so Pack for a Purpose really helps these families put their children through school. “We presented the children with the school items in our colourful Aveo bags which they can use daily to carry their books, etc. to school. Needless to say they were delighted. “It is by working together that we can achieve amazing things and it was a joy and a privilege to help the NiVanuatu children get the most out of their education, making a lasting impact within their community.” See www.packforapurpose.org
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Local News
State MP for Ninderry Dan Purdie with the Coolum Lions team and their honour board
Honours on board for Coolum Lions WHEN it comes to celebrating great community participation the annual Australia Day awards are a high point on the calendar. Locally the Coolum Lions and Lionesses have coordinated awards for more than 20 years ensuring each event runs smoothly and all attention can be given to those who are being recognised for their hard work and not on administration on the day. In celebration of the Awards and their history, Coolum Lions member Doug Alford has created a new Honour Board incorporating the names of all local Australia Day award winners across all categories since 1995 and provided it to Ninderry MP Dan Purdie to display for all to see at his electorate office. Unveiling the board officially in May, Mr Purdie said: “This is a fantastic way to acknowledge our local community 20
champions over the years, and ensure their contribution isn’t forgotten.” “The Coolum Lions Club, who recently celebrated their 40th anniversary, have done a tremendous job in coordinating our local Australia Day awards for more than 20 years, and I also want to recognise their efforts in ensuring this local tradition continues. “They too are an integral part of our local community, and their organisation of our annual Australia Day celebrations and local Awards ceremony is a real credit to them. “I am delighted to be able to recognise not just all our previous award winners, but all of our Lions and Lionesses who serve our community.” To find out more about the awards, see www.australiaday.org.au To see the honour board, drop by 11 Heathfield Rd, Coolum Beach.
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Peregian Springs News, June 2019
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I Talk Travel and Cruise Launch Party, May 16
Opening party a hit for locals PLENTY of fun, some great prizes, music and laughs were had on May 16 when the team from I Talk Travel & Cruise officially opened their new shopfront at the Peregian Springs Shopping Centre. Radio duo Todd & Sami talked travel with Craig live on 92.7 MixFM, while the crowd enjoyed nibbles, networking and sparkling wine. Chimu Adventures & Collette Tours were on hand to talk to customers about Antarctica, South America and touring options. Locals Julia and Noel Loaney celebrated their 49th wedding anniversary by being one of the first 22
customers to book with the team, with a trip to Tasmania now on their holiday horizon. On the prize front, the winners of the Club Med Grand Prize were Barbara and Brian Fitzgibbon who are off to the Maldives in July. The winner of the Luxury Escape $500 voucher was Orla Forster who is off to the Hunter Valley on a weekend escape in October. The new shop is open Monday to Friday, 9am to 5pm, Saturday 9am to 3pm and closed on Sunday. See www.italk.travel/peregian or phone 5477 1580.
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Peregian Springs News, June 2019
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NINDERRY UPDATE: State Member Dan Purdie Coolum Roundabout update Earlier this year I promised to keep readers informed of our progress on the Coolum roundabout. At the time, the Minister had just inspected the site, and had committed to look at options to improve safety and congestion. Following that meeting, where I showed him drone footage of the congestion back to the Motorway during peak times, the Minister has since confirmed that investigations into the busy intersection are underway. These investigations are expected to take around 3 months and will include traffic counts. Some readers may have noticed the mobile traffic camera that had been positioned near the roundabout throughout the past month. Like the thousands of motorists who get caught in the gridlock on the Motorway every day, I am looking forward to the results of these studies. With our ever increasing population and major infrastructure projects like the airport expansion, the roundabout upgrade is a priority for our region. Visit by Shadow Minister Late last month, the Shadow Minister for Women, and Health and Ambulance Service, Ros Bates, visited the Coast, and I was delighted to be able to show her around the Ninderry electorate. As well as meeting with our local paramedics at the Coolum Ambulance Station, Ros and I, pictured above, joined members of the Coolum Women’s Shed for a tour of their new home in Junction Drive. To say Ros was impressed would be an understatement. As one of only a handful of Women’s Sheds across the country, the Coolum Women’s Shed is 24
filling a huge gap in our community, creating a safe space for women of all ages where they can participate in a range of activities as well as receive support, mentoring and establish new friendships. A huge thanks to Fiona and the ladies for such a warm welcome for Ros and I. Budget On the eve of the State Budget, which will be handed down on June 12, I would like to share my thoughts on the economic crisis facing Queenslanders. It will come as no surprise that the Sunshine Coast region is likely to fail to receive the much needed investment in our road infrastructure that we urgently require. With debt climbing to a staggering $83billion, the interest bill alone is around $7000 a minute. This is taxpayer funding that could be better spent on providing essential services such as health and education, or extra police officers on the beat. Money that could be invested in reducing the congestion on our roads, or providing relief from the ever-increasing cost of living. The current State Labor Government seems intent on taxing its way to prosperity, which is hardly a path to a more sustainable future. I welcome your thoughts and comments on the Budget, and how we, as a community, deserve better.
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Peregian Springs News, June 2019
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FAIRFAX update: Federal Member Ted O’Brien THANK YOU LET me start my first Peregian Springs News column as the returned Member for Fairfax by saying a very big thank you. The election outcome was a great result for our region and I am very much looking forward to serving you in the 46th Parliament of Australia under Prime Minister Scott Morrison. With the election over, I’m now back to work, meeting constituents and taking my Winter Road Trip complete with Mobile Office - to the Springs. FUNDING COMMITMENTS Parliament resumes on July 1 and I am looking forward to meeting with relevant Ministers to progress our Fairfax projects. Recently I had the pleasure of announcing an additional $91.4 million for the Maroochydore Road and Mons Road Interchange upgrades which will help local commuters get home sooner and safer. This additional funding brings the total contribution from the Federal Government for these works to $241 million and works can get underway
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as soon as the State Government locks in its 20% share of the $300 million project. I’m also keen to move quickly on our half-million dollar commitment to build a Sunshine Coast homeless shelter for men, to be managed by Pastor Dale Dowler from The Shack Community Centre. It is alarming to think that around 200 people are sleeping rough on the Sunshine Coast every night, and yet there is no emergency housing for men in the 300 kilometre stretch between Brisbane and Maryborough. MOBILE BLACK SPOTS Lastly, the Morrison Government has committed $380 million to the Mobile Black Spot Program to invest in telecommunications infrastructure across Australia. As your Federal Member I’m keen to hear from you about any mobile black spots in Fairfax. Please head to the News section on my website to have your say – wwww.tedobrien.com.au As always, if you have any Federal issues, concerns or inquiries please get in touch on 5479 2800, email ted.obrien.mp@aph.gov.au or visit 17 Southern Drive, Maroochydore.
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Chappy’s Corner with Mark Horsfall
The power of encouragement I HAVE wanted to play AFL most of my life and this year, I ticked it off my bucket list and ran out for my first game. What has surprised me though was the encouragement I received from my team, right from the first training session, despite my lack of experience and ability. It’s that encouragement that has led me to play better than I ever imagined I would or could. I wonder then do we truly understand the power of encouragement and how it can improve the performance of others? Recently I read a research study on encouragement and if it improved performance. The study was conducted by measuring a group of athletes performance over a number of exercises. A week later they carried out the same exercises only this time there were people encouraging them as they were exercising. The results showed a 9% increase in 28
performance for the athletes when they were encouraged. I also read studies that showed that if employees were encouraged in their workplace efficiency and performance levels were greater. So if encouragement elevates performance, are we giving enough of it to our kids, family, work colleagues, employees? Do we at times hold back from giving it because it feels uncomfortable? Do we focus on and highlight the negatives (child’s behaviour) more often in others than the positive? Are we intentional enough in giving encouragement to those around us Take every opportunity to build someone up or champion them as your words could be the difference between success and failure. Who knows the difference you could make to someone’s life because of your encouragement. By Mark Horsfall Chaplain Coolum State High School
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Local Heart COFFEE MORNING—ALL WELCOME A very casual and informal coffee group meets on the 1st and 3rd Tuesday of the month at 11am at Peregian Golf Club Clubhouse. Blokes don’t be shy – men and women of all ages are very welcome! Contact Marianne by email: flair511@gmail.com HOME LEAGUE AT THE SALVOS Are you looking to join a positive group of women where you will meet new people, learn new skills, support local community and enjoy being encouraged in the Christian faith? Commences 7th Feb. Every Thursday during school terms 9.3011.00. $5 includes morning tea. 3/127 Greenoaks Drive Coolum. Call Geraldine 5446 1973. PLAYGROUPS (during school terms) PEREGIAN SPRINGS PLAYGROUP meets on Wednesdays during school term from 9am –11am at St Andrew’s Anglican College. For children aged 0-5 years and is a free, community based initiative established by Noosa Anglican Church and co-ordinated by a local Mum. Contact the church on 5449 8009 for more. MAINLY MUSIC Tuesdays 9.30-10.30am during school term at the Salvation Army Meeting Rooms at 127 Greenoaks Drive, Coolum. $3 for one child, $5, per family. Incl morning tea. Call 5442 4218. ABCD SCRAMBLE—singing & dancing playgroup. Thurs 10-11.30am school terms. Anglican Church Coolum on cnr Perry St & Beach Rd. $3 for one child, $5 for 2 or more. Incl morning tea. Call Carol - 5446 5334. COOLUM BAPTIST CHURCH – Playgroup on Fridays 9.30-11.30am school term time. Call Shauna on 0414 864 714 30
NEED A JUSTICE OF THE PEACE? To inquire, call Peregian Breeze local JP (Qual) Peter Terrill on 0410 500 375. LOCAL CHURCH CONTACTS Coolum Beach Anglican Church -Cnr Perry St & Beach Rd Coolum Beach 0447 002 573 Or see www.anglicanchurchcoolum.com Noosa Anglican Church- 5449 8009 & www.anglicanchurchnoosa.org. Sunshine Beach (Bicentennial Drv) or Peregian Springs (in St Andrew’s , 40 Peregian Springs Dve) Coolum Beach Baptist Church 1912 David Low Way -call 5446 1957 or www.coolumbeachbaptist.com/ St Peter’s Catholic Church 28-32 Elizabeth St, Coolum 5443 3488 www.saintsonwaves.com.au Coolum Christian Family Church 2 Arcoona Rd (Coolum Beach Christian College) http://ccfchurch.org.au or call 5446 1295. Coolum Uniting Church, Cnr Elizabeth St & Heathfield Rd ,Coolum www.maryburnettpres.org.au or 5446 1815 Salvation Army , Meeting Rooms 127, Greenoaks Drive Coolum. Call Warren or Denise 0400 797 480 / 0418 214 723.
GOVERNMENT REP CONTACTS Peregian Springs– Local Sunshine Coast Councillor Stephen Robinson (Division 9) Tel – 5441 8086 State (Ninderry) - Daniel Purdie (Liberal National Party) Tel - 5406 7900 Federal (Fairfax) Ted O’Brien (Liberal member of Liberal National Party) Tel- 5479 2800 Peregian Breeze— Local Stephen Robinson (Division 9) & State (Ninderry) Daniel Purdie—above Federal (Wide Bay) Llew O’Brien (National member of the LNP) Tel - 1300 301 968
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Travel
Explore the “built” wonders By Lenette Paul Local resident and avid traveller ALTHOUGH Frank Lloyd Wright died 60 years ago the Frank Lloyd Wright Foundation continues to preserve his legacy supporting tours in many of his buildings. Unfortunately he did not live to see perhaps his greatest achievement: the Solomon R Guggenheim Museum (1959) 5th Avenue New York (pictured top right). Housing one of the world’s most important modern-art collections, this cylindrical building is wider at the top with a unique ramp-gallery alongside arcades fanning out to focus on individual artists. (The brilliant Mercedes-Benz Museum (2006) in Stuttgart, Germany has some surprising similarities). The Dana-Thomas house (1902-04) Springfield, Illinois is the best preserved example of Lloyd Wright’s early prairie-style houses with many revolutionary features: low horizontal roofs, gently-sloping gables, and continuous rows of windows. Furthermore the architect designed the window treatments, furniture, and light fittings. Also designed by Lloyd Wright, the eight decade-old Arizona Biltmore Hotel’s history is possibly more famous than the outstanding building itself. Countless famous couples have visited and the words to White Christmas were penned by Irving Berlin lounging at the Catalina Pool. After a period of personal and financial turmoil the building of Falling Water (1935-39) led Lloyd Wright onto even greater achievements. This bravura showpiece ‘country home’ ,
pictured above, built for Edgar & Liliane Kaufmann in Laurel Highlands Pennsylvania was daringly placed over a dramatic waterfall. This major work transformed the world’s opinion of his art as a bold innovator. Falling Water is testimony to Lloyd Wright’s genius in recognising the powerful role of nature in shaping great architecture. Lloyd Wright also designed a home for Arthur Miller and Marilyn Monroe but it was abandoned when they divorced. The King Kamehameha Golf Clubhouse (1993) in Maui, Hawaii, however, is a combination of this and two other unbuilt Lloyd Wright designs. Frank Lloyd Wright has been credited with changing the way we build and the way we live.
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Election impacts the market THE surprising result of the Federal election is unequivocally positive for the Australian share market. The scenario of the Coalition retaining power was certainly not factored in ahead of the election. We, along with most commentators had expected a Labor victory, although we had always been sceptical of Labor gaining a workable majority in the upper house, thereby limiting the potential to pass some of the more contentious legislation through the Senate, without a degree of compromise. What had been factored into the market was some investors (primarily self -managed super funds (SMSFs) and selffunded retires) switching out of stocks with high, fully franked yields, ahead of the likely change in franking credit refunds, into stocks with partially and unfranked yields, as well as offshore investments offering higher capital growth than some of the mature dividend paying companies in Australia. In addition, some institutional investors may have factored in some negative net wealth impacts, and the flow on effects onto the broader economy, as a result of Labor’s policies into their expectations and valuations. We are therefore likely to see a potential recovery in securities with fully franked yields, as well as those that were most exposed to Labor’s policies, with the
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following sectors and securities most likely to benefit: • Sustainably high, fully franked yields • Listed Investment Companies • Major Bank Hybrids • Property • Banks • Private Healthcare • Automotive • Utilities Those sectors which had the least impact from the Labor policies, or actually benefited from them, may see some switching by investors. However, we would caution that some of these, especially the bond proxies, have been driven more by falling bond yields than demand by retail investors. These sectors include: • Listed Property Trusts • Infrastructure • Consumer Staples • Domestic International Fund Managers This information contained in this report is intended to provide general securities advice, and does not purport to make any recommendation that any securities transaction is appropriate to your particular investment objectives, financial situation or particular needs. Prior to making any investment decision, you should assess, or seek advice from your adviser, on whether any relevant part of this report is appropriate to your financial circumstances and investment objectives.
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Local Connect
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