La Trobe University unveils aims for finances and Albury-Wodonga campus | The Border Mail


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Almost half of 2021 courses offered at La Trobe University’s Albury-Wodonga campus will be based solely online, with the institute focused on becoming “smaller” in response to the financial fallout of COVID-19. In its recently released strategic plan, the university committed to keeping all its regional campuses open but said job and course cuts were “unavoidable”. The 2021 course portfolio put forward as part of the Albury-Wodonga Campus Plan reveals nine courses will be offered on-campus, 17 courses will be offered “mixed mode”, which combines campus and online teaching, and 23 courses will be online-only. La Trobe vice chancellor John Dewar said the changes were in response to desire in the market for greater choice and flexibility. “We’ve been receiving positive feedback from students on our innovative and engaging approach to online learning,” he said. “If we can provide students greater flexibility and choice in how, when and where they study, and this entices more students from across the country to commit to higher education – including in rural and regional areas – then we have achieved an important part of our mission.” IN OTHER NEWS: In the next decade, the university will focus on becoming smaller and courses deemed not financially sustainable will be suspended. La Trobe’s 2020-2030 Strategic Plan states up to 25 per cent of revenue could be lost by the end of 2021 and recovery could take five years. “We cannot continue teaching activities that do not add to the university’s reputation or financial sustainability; neither can we continue to support all areas of research from university resources,” the plan says. The university would not say how many job losses were expected. A university spokeswoman said staff would be offered voluntary redundancies or redeployment before any involuntary redundancies occur. “La Trobe University remains focused on saving as many jobs as possible,” she said. “Proposed course and subject changes in the school of mumanities and social sciences are proposals only at this stage and potential impacts will depend on the outcomes of the consultation.” Professor Dewar said in 2021 the Albury-Wodonga campus would offer a Diploma of Health Sciences for the first time, which would allow students to transition into nursing, health science and social work degrees. He said research at the campus would focus on rural aged care, freshwater research and water management, food, agriculture and environment, health and well-being.

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La Trobe Street shop sells for $3.5m


An investor has paid $745,000 on a 5.4 per cent yield for a strata shop at 515 Hampton Street.Credit:

Braeside

An older 1163 sq m office/ warehouse has sold prior to auction for $1.3 million. Located at 18 Century Drive, the property on two titles sold to an owner occupier in a deal transacted by Nichols Crowder’s David Garfield.

LEASES

Surrey Hills

Despite current economic challenges, GormanKelly’s Samuel Torrance secured Peak Chiropractic as the new tenant for 405 Canterbury Road. The business took a five-year lease plus option at a starting rent of $90,000 a year. The building is undergoing a significant renovation.

Abbotsford

An online florist has leased 21 Studley Street for $34,000 per annum on a three-year lease. The boutique 105 sq m warehouse-style studio was fully self-contained and included on-site parking for one vehicle, Gorman Commercial’s Dean Alexander said.

Ormond

Aeastudio & Lash Squad will open a new parlour in shop 2 and 3 at 556 North Road on annual rent of $25,000. The 103 sq m space was leased for two years by CBRE’s Jason Orenbuch and Zelman Ainsworth.

Prahran

Financial planners Money Lab will move into level 2 and 3 at 29-31 Izett Street after signing a lease negotiated by JLL’s Matt Szakiel. The firm took a six-year lease valued at more than $1.5 million over the 650 sq m in the uber cool warehouse conversion, which boasts a red swimming pool and an expansive open-air terrace.

The terrace and swimming pool at 29-31 Izett Street, Prahran.

The terrace and swimming pool at 29-31 Izett Street, Prahran.Credit:

Submissions to sjohanson@theage.com.au



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