Reclaimed building material sourced from the Westwood building in the city of Melbourne is among the most affordable building materials in Australia, according to a new report by The Australian Financial Review.
The report, by financial consultancy firm, Global Real Estate Investment Trust (GRIT), said the building materials used to construct the iconic Westwood Sydney skyscraper are made from reclaimed building materials.
The materials are sourced from three Australian cities, including Westwood’s former manufacturing base in Hobart.
The building material is used in many of the products sold by the firm, including furniture, shoes, clothing, and even household goods.
It was a product of industrial strength and labour, with over 80% of its production in Hoban and Hobart, it said.
The real estate giant is not the only one using reclaimed building material to build its high-rise buildings.
The Adelaide City Council used recycled building materials to build a new high-profile tower.
It is a sign of the times, with Australia’s high-rises falling into disrepair and costing $20 billion to refurbish, and a recent report said the nation’s cities were on track to run out of new buildings by 2030.
“We’re in a position where we’re starting to see the end of the golden age of buildings in Australia,” said Greg Pavey, executive director of GRIT.
The firm’s research found the materials used for the Westhampton towers were sourced from Perth and Brisbane, two Australian cities where building materials are cheap.
The material is also used in a range of other buildings in Melbourne and Melbourne’s suburbs.
In Hobart and Hobson, the most common building materials sourced from Australia were from recycled steel, which is cheap and recyclable, and aluminium, which can be recycled.
The paper reported the most expensive building material, at $10,300 per square metre, was from a new building in Hobson’s Westwood precinct.
It also reported a range for recycled aluminium was $4,300, from a building in West Hampton’s North West precinct.
In Sydney, recycled aluminium and steel are used for most buildings.
In Melbourne, recycled steel is used for buildings, including a new $60 million high-end residential building in Pyrmont, while aluminium and aluminium-alloy construction materials are used in new and renovated buildings.
It said the research found a wide range of recycled building material was used in Melbourne, including reclaimed steel, aluminium and other building materials that were recycled from the Perth manufacturing site.
The Westhamptons were built in the early 1970s, and the buildings were listed as a UNESCO World Heritage site in the 1970s.
A spokeswoman for Westwood told The Australian that the company had a long history of building sustainable buildings.
“Our manufacturing site is in Perth, and is one of the largest buildings in Western Australia, and also one of only four sites in Australia that can produce both steel and aluminium,” she said.
“Over the last 25 years, we have also invested heavily in renewable energy and have been able to offer some of our building materials from recycled materials, as well as the materials we source directly from the manufacturers themselves.”