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Speaker 1: The Crown and Anchor Hotel will be saved from demolition.

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Speaker 1: Several thousand people marched through the city along with a

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Speaker 1: band on the back of the truck yesterday to State Parliament,

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Speaker 1: where the Premier, Peter Malanowskis announced new legislation to strengthen

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Speaker 1: protections for live music venues as well as the Cranker.

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Speaker 1: They've reached a compromise, the Premier says, with the developer

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Speaker 1: on what should happen on the site. This is a

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Speaker 1: little bit of the premiere this morning, as was on

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Speaker 1: five Double A News. As well.

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Speaker 2: Things through a special purpose piece of legislation they wouldn't

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Speaker 2: otherwise get quickly. That is, the heart of the building

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Speaker 2: is going up, so a smaller footprint, so the cranker

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Speaker 2: can be saved in exchange for height, so it's going

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Speaker 2: up to twenty nine stories instead of nineteen. We're also

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Speaker 2: going to make sure that they get their approvals quickly

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Speaker 2: and they have confidence and certainty around the State Heritage

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Speaker 2: listing process.

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Speaker 1: Now, the question that sort of is starkout of all

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Speaker 1: of that, I reckon is what does this mean for

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Speaker 1: developments moving forward? Now, Okay, this is to do with

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Speaker 1: live music venues so it is limited to pubs and

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Speaker 1: clubs with bands, But does it create an era of

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Speaker 1: uncertainty or an era of uncertainty for developers in the

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Speaker 1: next little while Britce JTA SA, Executive Director, Property Council

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Speaker 1: of Australia joins me in our Bruce good morning.

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Speaker 3: Well Matthew, all right, thank you, So how do you

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Speaker 3: view this?

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Speaker 4: Look, if we're to believe what the Premier has said,

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Speaker 4: this is a unique circumstance and a unique outcome. It

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Speaker 4: won't be the norm or set of precedent going forward.

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Speaker 4: But you know how many future unique circumstances might there be?

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Speaker 4: Is it a blueprint for communities to protest or march

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Speaker 4: on the steps of Parliament House in order to get

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Speaker 4: different outcomes? What does it mean for a SCAP? I

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Speaker 4: mean it does show that the Premier is a talented

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Speaker 4: broker and negotiator, but it also highlights that SCAP doesn't

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Speaker 4: have the flexibility to broken such successful outcomes on a

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Speaker 4: regular basis. Oftentimes you see developments being denied. One needs

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Speaker 4: to wonder is there a better way to consult with

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Speaker 4: interested stakeholders or those are party to the deal to

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Speaker 4: get an outcome that everyone's happy with so the premiers

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Speaker 4: managed to achieve it. With the Cranker, he also spoke about,

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Speaker 4: you know, fast tracks, approval, certainty in what they're able

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Speaker 4: to deliver. I mean, this is what developers ask.

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Speaker 3: For all the time.

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Speaker 4: Faster approvals, less uncertainty, increase certainty. This is what's required

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Speaker 4: to get developments out of the ground, to make dwellings

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Speaker 4: more affordable. If we want to talk housing, Why can

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Speaker 4: this not be replicated throughout the state? To be honest,

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Speaker 4: maybe SCAP needs to be tweaked a little bit.

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Speaker 1: So reforms to and SCAP being the State Commission Assessment Panel,

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Speaker 1: Reforms to SCAP in that regard.

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Speaker 4: Well, it should be looked at. I mean, if this

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Speaker 4: is such a great outcome and all the parties are happy,

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Speaker 4: wouldn't it be great to replicate this across the state

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Speaker 4: on future developments. I mean if SCAP's incapable of doing

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Speaker 4: that because they don't have the flexibility or the powers

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Speaker 4: obviously that the Premier has executed. Of course, we're interested

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Speaker 4: in what this legislation is going to look like and

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Speaker 4: what that's going to mean for any development near live

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Speaker 4: music venues going forward. But you know, I think if

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Speaker 4: you see a blueprint that's work that works, and if

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Speaker 4: and if the government believes in this approach, maybe you

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Speaker 4: do need to look at giving scap a bit more

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Speaker 4: power slash flexibility or whatever the premier use to get

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Speaker 4: this deal over over the line.

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Speaker 1: Now extra flaws and this is student accommodation, but caps

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Speaker 1: on migration may well potentially not see it filling up.

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Speaker 4: No, I think. I think when you're looking at the

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Speaker 4: promise of what emerged University will do for the state,

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Speaker 4: you know we're going to need a lot more student

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Speaker 4: accommodation and having a lot more student accommodation will will

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Speaker 4: minimize the competition that is in the private rental market.

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Speaker 4: We know we've got the lowest vacancy rate in the country.

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Speaker 4: I think it's sitting at about zero point eight percent.

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Speaker 4: I mean, you do not want to be someone who's

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Speaker 4: lease is come up or is looking for a place

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Speaker 4: to live. And especially when you take into consideration the

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Speaker 4: number of major projects that are really about to get

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Speaker 4: going in this state. We need all the accommodation, from

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Speaker 4: student accommodation to the houses, to apartments, the retirement villagers.

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Speaker 4: We need everything we.

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Speaker 3: Can get, all right, will come up asking developers to

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Speaker 3: put in noise protection for music venues, and this will

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Speaker 3: be part of the legislation moving forward.

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Speaker 1: As I understand, is that a fair imposition.

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Speaker 4: Look, there's two ways to look at it. One might

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Speaker 4: one might think that, you know, obviously, if there's a

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Speaker 4: live music venue, which by the way, isn't enshrined in

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Speaker 4: this legislation, that could turn into a cafe one day

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Speaker 4: or into a different use. Right, So it's not that

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Speaker 4: it's forever going to to be live music, so that

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Speaker 4: could change. I mean sound attenuation and soundproofing. That's obviously

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Speaker 4: another increased cost. We talk about affordability. It seems that

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Speaker 4: developers are asked to foot the bill for increased costs

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Speaker 4: continuously and whilst they're trying to deliver a more affordable product.

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Speaker 4: So looks that's going to be an impost. Understanding is

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Speaker 4: the legislation will actually list which hubs or live music

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Speaker 4: venues that this applies to. So understanding is it's going

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Speaker 4: to be pretty tight and very specific, and we've thought

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Speaker 4: center legislation once it passed through cabinet.

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Speaker 1: Bruce, appreciate your time this morning, Thank you, thank you, Bruce.

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Speaker 1: You take there. Who is the essay? Executive Director Property

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Speaker 1: Council of Australia,