THE PROPERT Y DE VELOPMENT RE VIE W
BY DE V E L OP ME N T R E A DY IN PA R T NE R S HIP W I T H T HE URB A N DE V E L OP E R 路 I S S UE NO.1 路 A P RIL 2 0 19 IN S IDE T HI S I S S UE : Z A H AVA E L E NB E RG 路 P IC C OL O'S F I T Z ROY HOU S E 路 N AT ION A L DE V E L OP ME N T S I T E L I S T ING S
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Welcome, It gives me great pleasure to introduce you to the first issue of The Property Development Review, our new monthly digital magazine designed specifically for property development related professionals. The Property Development Review features the latest and significant development sites for sale as offered by key Real Estate Agencies Australia-wide. In addition, it contains relevant and topical industry news and information. Development Ready have strategically partnered with Australia’s leading property development news platform, The Urban Developer, who will provide a wide range of noteworthy content.
On the Cover: Piccolo's Fitzroy House. Image Credit: The urban Developer
Since launching the Development Ready website in 2015, our team have worked directly with key Real Estate Agencies and industry leaders to provide a truly resourceful and dedicated development site website. We are fast becoming the preferred destination for professionals who prefer to spend less time searching and more time developing. Please enjoy the first issue of The Property Development Review; l welcome your feedback and insights. NICK MATERIA, MANAGING DIRECTOR
INSIDE:
Zahava Elenberg Interview
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Budget Makes Wine From Economy’s Tears
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Major Transactions Nationally
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State Spotlight: Victoria
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State Spotlight: Queensland
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State Spotlight: New South Wales
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State Spotlight: Western Australia
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State Spotlight: South Australia
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Opinion Pieces
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B Y D E V E L O P M E N T R E A D Y & T H E U R B A N D E V E L O P E R · I S S U E N O .1 · A P R I L 2 0 1 9 IN S ID E T H I S I S S U E : Z A H AVA E L E N B E R G · P I C C O L O' S F I T Z R O Y H O U S E · E Y E S O N: C A M P B E L LT O W N
EDITORIAL
DEFINING SUCCESS & WHAT MAKES GOOD DESIGN CONTENT SUPPLIED BY
ZAHAVA ELENBERG
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THE PROPERT Y DE VELOPMENT RE VIE W
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Practical as she is philosophical, Zahava Elenberg works collaboratively with developers and architects realising their vision for how a finished space can come to life.
Having designed award-winning buildings herself as an architect and establishing businesses recognised for design, from architecture firm Elenberg Fraser in 1998, to full furniture fit out company Move-In in 2002, it seems only natural to ask – what does good design mean to you? After more than 20 years in a design-focused industry, her humility endearing, she responds: “I have no idea,” mid-laughter. “It’s like asking, what’s a good painting? Or what’s a good sculpture? They’re so intangible.” “It’s the fusion between philosophy and execution. That intangible, ungraspable thing. It’s something elusive, which you often can't define. “Good design; something has to resonate with you, reflecting your own sense of who you are, and your own morality.” A NICHE IN THE MARKET
Established 17 years ago, the idea for Move-In was conceived almost by accident during her time at Elenberg Fraser, when clients asked the firm to furnish properties for their investors. “It’s not something that I had heard of, something that existed, or something that we did,” she said. “Today every project we do is totally unique and we try and deliver the promise of the architect and the developer’s vision from the outset,” she says. Move-In are currently working with developer Global Student Accommodation (GSA) on a suite of student accommodation projects.
The first of which, was a 13-level DKO-designed development called University Square in Carlton. “We designed and delivered full furniture, fixture and equipment (FF&E) fit out for both locations, ensuring each had its own distinct look that complimented each architectural build,” Elenberg said. The second GSA collaboration includes Perth-based “The Boulevard”, designed by architecture firm MJA Studio. Zahava describes the site as a “slick and Scandinavian design aesthetic with monochromatic interior” which comprises 576 beds. A recent collaboration with developer Citiplan saw Move-In furnish a mixture of 804 student studios and shared apartments, also located in Carlton. Operated by Journal Student Living, and designed by architect METIER 3, Zahava says the project included several large and quirky social spaces furnished with items to ensure the space feels “quintessentially Melbourne”. “We’re really trying to bring a localised environment into what we're doing, whether that's working with local designers, or using local products, and we’ve got some great clients who believe in that.”
which is problem-solving. You have to find a creative solution for each one of those problems. “And I get enormous pleasure out of a beautifully crafted and complicated spreadsheet as much as I do from reading beautifully crafted scripts. “How you can get involved in the architectural structure of screenwriting, and the way in which you imagine that as a film, is very defined in the way it fits together. “That sense of order and the processing of information to me is very powerful.” ON DIVERSIT Y
As she moves through life, the pool of experiences she draws from continues to refine itself. “The older I get, the more I gravitate towards people that have a diverse background of experiences. People that have had to navigate difficulties and challenges,” she says. Having traversed loss, her father at a young age, and illness, she knows trying times. “The hues of life are richer and deeper when you add those layers of complexity. “My step-father is amazing and ON CREATIVIT Y has been part of my life for more than 30-years. As a recently appointed board member of “And Mum has always taught me, not the Melbourne Film Festival, when asked through words, but through her actions how her interests in film and her roles in that you can be whoever you want to be, the property sector overlap, she’s deciand do whatever you want to do. sively clear. “And that’s been my goal to instil in “I love process and detail. my own three children.” “They share the same mental dexterity And while Move-In is firmly grounded
“It's also having the freedom to do the things that you love doing, and the things that are important to you. “I say to my kids, success is in the tiny things. It’s setting a goal and achieving it, whether that’s cleaning the kitchen or writing an amazing story. “It’s a sense of achievement, and that’s self-determined.”
Image Credit: Sarah Collins, The Design Files. Punthill Ivanhoe Apartment Hotel. Image Credit: Martina Gemmola
events and social engagement, something she plans to launch in her favourite world city, New York. And having known “success” in many forms, the former Telstra Young Businesswoman of the Year believes its definition is being able to implement some kind of change. “I think there’s this very artificial sense of achievement that wealth brings and that’s not what success is to me. “Success is more about contribution, and being part of a continuous narrative that allows for change.
LEFT:
within the student accommodation and the serviced hotels sectors, Elenberg says she's focused on expanding into the senior living space. “It can be a very lonely thing to be an elderly person in this society. “Some horrible statistic came out last year that said around 50 per cent of people in retirement homes have zero visitors. “Age is not an illness but loneliness is.” Her plan for “elderhood” a cultural community for people aged over 80 in the senior living space focuses on education,
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EDITORIAL
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EDITORIAL
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BUDGET MAKES WINE FROM ECONOMY’S TEARS CONTENT SUPPLIED BY
While the domestic economy and housing market continue to soften, the forthcoming April 2 budget is predicted to make surplus with an estimated extra $13 billion in cash over four years. The most recent budget forecast according to Deloitte Access Economics, comes amid broader economic storm clouds, with slowing global growth and trade woes with China potentially proving even more damaging that expected. Yet, Australia's impending budget has sidestepped some of these larger talking points in an attempt to alleviate mounting pressures at home thanks to a temporary boom in commodity prices in the wake of China's woes. “The Budget has dodged these bullets,” Deloitte Access Economics economist Chris Richardson said. “The economy is getting worse, but the budget’s getting better. That’s unusual.” “People think politicians drive the budget, but it’s almost always the economy in the driver’s seat.” “But it’s happening because luck is still running the budget’s way.” “Yet that may not last: the budget is looking better even though China and house prices are looking worse. That’s a reprieve, not a mission accomplished.” Deloitte has tipped the budget will almost fall into a cash surplus this financial
year, forecasting a narrow deficit of $2 billion, an improvement on the government's December deficit forecast of $5.2 billion. The government's pledged surplus for 2019-20 is forecast by Deloitte to be $9.8 billion, a $5.6 billion improvement, before any additional tax cuts. That would leave a surplus of $9 billion of accelerated tax cuts, plus the $3 billion budgeted for in the December mid-year update. The news is positive considering the latest GDP figures have revealed a sharply slowing economy compounded by weak wages growth flowing through to stagnant household incomes. The figures also reveal that the past six months has seen a sharp decline in the trajectory of our economic growth on lifting by just 2.3 per cent in 2018, the slowest in trend terms since March 2015. The slowdown comes as Australia just notched its 28th year of consecutive economic growth, with unemployment sitting at its lowest level since 2011. “The worst economic news is in things that the Federal Budget taxes lightly,” Richardson said. According to Deloitte, total profit taxes are forecast to outperform the matching official forecasts by a handy $2.3 billion this financial year, and by a hefty $5.2 billion next. Taxes on individuals also look likely to
outperform official views by $1.2 billion in 2018-19, fading to $0.5 billion in 2019-20. “The house price crash is a problem for the economy, but it’s a nothing burger for the Budget – remember that we don’t tax wealth, and that indirect wealth taxes such as capital gains receive overly generous treatment,” Richardson said. “And although the house price crash will take bites out of the GST take, that downside hits grants to the States. That’s a budgetary bullet dodged.” The downturn in house prices is now expected to have a limited effect on tax collection for the commonwealth, though will likely moderate consumer spending. However, the shift in investment preferences could see household spending slow even further, weakening what is the largest part of the Australian economy and if it slows, the broader economy will almost inevitably slow with it. “The news is otherwise pretty poor, with crashing house prices increasingly weighing on the willingness of families to spend,” Richardson said. “That’s why indirect taxes may fall shy of Treasury forecasts by $0.5 billion in 2018-19, with that shortfall then blowing out to $1.6 billion in 2019-20.” Analysts now expect total spending at a moderate $0.25 billion lower this year than expected by Treasury in the Budget update issued in December.
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“Fast forward a year to 2019-20 and that gap morphs into a large $2 billion saving versus latest Treasury estimates,” Richardson said “These ‘economic savings’ are big: so far they swamp the cost of recently announced policy, though the next few months may well see new spending policies keep coming thick and fast.” The Morrison government has also gained new scope to deliver sweeping personal tax cuts in the April budget following a massive surge in the global iron ore price that could pour up to $6 billion into federal coffers. The surprise budget boost gives the prime minister a war chest to fight the May election by giving workers another round of tax cuts as well as producing a bigger surplus earlier than expected. “Although we don’t forecast a cash underlying surplus, the government could
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get there if it really wanted,” Richardson said. “On current trajectory we’ll have a surplus next year anyway, the first cash surplus since 2007-08.” AMP Capital economist Shane Oliver highlighted the scope for more fiscal stimulus with extra money flowing into Canberra. “I think that will perhaps be the highlight of this budget,” Oliver said. “The government will likely announce bigger tax cuts starting in July.” “They’ll probably be modest in the great scheme of things, but they will provide some relief for the Australian economy and a bit of support for households.” Prime minister Scott Morrison’s government is currently trailing in opinion polls ahead of a May election and is expected to use the improved fiscal position to try to buy its way back into contention.
The Morrison government remained committed to delivering a budget surplus next financial year in 2019-20, a spokesman said on Sunday. Treasurer Josh Frydenberg has remained unfazed by stalling economic figures reaffirming the government's position that the budget would reach a surplus next financial year. “As the global storm clouds gather it's more important than ever we stay the course on our economic plan,” Frydenberg said. “We are watching it, obviously, very closely but we will be delivering a budget that is in surplus.”
MA JOR TR ANSACTIONS
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MAJOR TRANSACTIONS potential for a 12-storey mixed-use facility, was picked up by Gary Dempsey Developments for $5 million; West Australian developer, Devwest employed CBRE for the sale of their neighbourhood shopping centre in Wattle Grove, trading the property to Mair Property Funds for just over $16 million.
NEW SOUTH WALES
The biggest hotel deal of the year was struck when European investment giant AXA secured a portfolio of four Accor hotels including Olympic Park and Canberra from the Abu Dhabi Investment Authority for $330.4 million; CBRE were involved in the selling of the final stage of an industrial joint venture project, between Macquarie Group-backed LOGOS and Partners Group, in Yennora for $49 million; A Parramatta office tower has been snapped up by the City of Brisbane Investment Corporation (Brisbane City Council’s future fund) for just over $44 million from previous owners, Hadley Green Investment Group, in an off-market sale handled by Colliers International.
Fitzroy North. Image Credit: Colliers International
QUEENSLAND
A development site in the Brisbane riverfront suburb of St Lucia, sold successfully off-market through Colliers International for $8.5 million to Queensland developer QM Properties, following an unsuccessful settlement in 2017 with Melbourne developer Kokoda Property; A Brisbane office tower, previously owned by private Canadian investor Quadra Pacific, has been traded for $115 million in a joint venture purchase involving US real estate investment management firm Heitman and Marquette Properties. JLL handled the sale.
Olympic Park. Image Credit: The Urban Developer
VICTORIA
Frasers Property Australia sold the remaining half share of a Southbank office tower to the GPT Wholesale Office Fund (now 100% owners) for just over $326 million. They were supported through the sale by conjunctional agencies JLL and CBRE. A local developer picked up a site, marketed by Colliers International in Fitzroy North, with approved plans and permits for a six-storey apartment complex, for $8.13 million; Ski resorts at Mount Hotham and Falls Creek have sold to New York-listed Vail Resorts on Friday for $174 million, considerably higher than the expected price tag of $120 million. Seller was British-listed Merlin Entertainments.
Scarborough. Image Credit: The Urban Developer
SOUTH AUSTRALIA
Commercial SA Property Group were responsible for the sale of two adjoining retail properties in Campbelltown, one sold leased and one sold vacant, achieving $1.5 million for the joint sale; An Adelaide CBD development site, marketed by JLL with potential to develop up to 53m with Capital City zoning in the north-west quadrant near Chinatown, was sold for $1.25 million; A residential site in the north-eastern suburb of Tranmere, was marketed by Harcourts Williams with considerable townhouse subdivision potential and sold for $675,000.
Brisbane. Image Credit: The Urban Developer
WESTERN AUSTRALIA
A seven-level A-grade office building in Perth's eastern CBD precinct, traded hands from American private equity giant Blackstone to Sydney based Primewest Property Investors for $86 million (JLL and CBRE were both responsible for the sale); A 1,222sqm beachfront site in Scarborough, marketed by JLL with
Image Credit: JLL
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STATE SPOTLIGHT
STATE SPOTLIGHT: VICTORIA
INSIDE:
Eyes On: Brunswick Victorian Auction Schedule Piccolo's Fitzroy House Victorian Listings
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Situated just 5km north of the Melbourne CBD, Brunswick sets a multicultural backdrop against a diverse and increasingly hip residential community. With multiple languages, cuisines, social centres and lifestyles all on display and mixing in harmony, Brunswick embodies many of the attributes Melbournians feel irrevocably proud of. RESIDENTS
Brunswick’s ABS estimated residential population as of 2017 was 26,966; an increase of 22.7% from the 2011 census. While the median age remains at 33 (VIC; 37 – AUS; 38), the most significant age bracket (accounting for 16%) exists between 25-29. Residents between the ages of 20 and 39 account for 51.5% of all residents. Since 2011 a noticeable shift towards households without children has occurred. Single person dwellings, share houses and couples without children have all increased by around 20% each, while one parent families and couples with children have remained stagnant or decreased. CULTURE
Through Brunswick’s heart, runs the extensive and diverse Sydney Road retail and social precinct. This considerable
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stretch is decorated with multiple Middle Eastern and Mediterranean eateries, alternative shops, shisha lounges, cafés, records stores, bars, classic Australian pubs and eclectic music venues. While enjoying a casual meander through backstreets, one can enjoy the variety of residential design and the abundance of edible plants that fill the streets and front yards. It is also not uncommon to hear an array of different languages (Italian, Greek, Nepali or Arabic) while on or off the main strips. With its profusion of diversity, residents and visitors alike are free to display their individualism proudly. PRICE
Houses: In January 2019, the median price of houses fell 3.83% over the previous three months to $1.08 million. This remains, however, a 32.5% increase from the median house price of $815,000 offered in January 2016. Weekly median advertised rent is $600. Units: In January 2019, the median price of units remained fairly flat over the previous three months growing by 1.01% to $500,000. There has been no significant growth in unit prices over the past three years, when the median price reached was $495,050.
Weekly median advertised rent is $430. SIGNIFICANT PROJECTS
HO-ST of Brunswick: Aiming to reshape and regenerate Hope Street's old industrial heritage, HO-ST is setting out to create a comfortable and contemporary residential community at 8 Hope Street. The project is currently in construction phase, and upon completion will present 19 residences (mix of one, two and three bedroom) over 5-storeys. 8-14 Michael Street: This eight-storey project has recently received development approval for 72 residences after a contentious preliminary application. Under the Victorian Government’s ‘Agent of Change’ provision, the previous development application was denied due to the potential impact on residents from local music venue, Howler. The new designs by ‘SJB Architects’ have since been accepted by the Moreland Council and include room for 83 bikes and 81 car spaces.
EYES ON: BRUNSWICK
Image Credit: HO-ST of Brunswick
AUCTION & EOI SCHEDULE
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SALES SCHEDULE: VICTORIA 941-951 High Street
Armadale
Auction
Thur 05.04.19
A.Shelton & Melb.Acq
View
42 Milton Street
Ascot Vale
Private Sale
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Alexkarbon
View
8-14 Michael Street
Brunswick
Private Sale
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Savills
View
11-13 Little Miller Street
Brunswick East
Private Sale
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Gross Waddell
View
368 Lygon Street
Brunswick East
Private Sale
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Knight Frank
View
8-32 Patullos Lane
Craigieburn
Private Sale
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JLL
View
35 Herberts Lane
Diamond Creek
Private Sale
—
Knight Frank
View
1 Kelly Street
Doncaster
Private Sale
—
Colliers
View
142-146 Andersons Creek Road Doncaster East
EOI
Wed 01.05.19
Savills
View
977,985 & 987 Burwood Hwy
Ferntree Gully
Private Sale
—
Gross Waddell
View
4 Cross Street
Footscray
Private Sale
—
Allard Shelton
View
72-76 Paisley Street
Footscray
Private Sale
Wed 08.05.19
Savills
View
8 Rosamond Road
Footscray
Private Sale
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Savills
View
265-269 Burke Road
Glen Iris
Private Sale
—
Savills
View
260-264 Highett Road
Highett
Private Sale
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Gross Waddell
View
18-22 Station Street
Highett
Private Sale
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Savills
View
32A Green Gully Road
Keilor
Auction
Wed 08.05.19
Melb. Acquisitions
View
53-55 Robertson Road
Kensington
Private Sale
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Allard Shelton
View
14 Camira Street
Malvern East
Private Sale
Thur 30.05.19
Colliers
View
280 Waverley Road
Malvern East
Private Sale
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Colliers
View
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Your list of upcoming Auction and Expression of Interest (EOI) closing dates for all major Victorian properties. Click on the link to view the listing in further detail.
12 Bridge Road
Melton South
EOI
Wed 03.04.19
Melb. Acquisitions
View
124-130 White Street
Mordialloc
Private Sale
Wed 03.04.19
Melb. Acquisitions
View
89-101 Lothian Street
North Melb
Private Sale
—
Alexkarbon
View
158 Waterloo Road
Oak Park
Private Sale
—
Alexkarbon
View
356-362 Murray Road
Preston
Private Sale/Lease
—
Knight Frank
View
120-128 Murphy Street
Richmond
EOI
Wed 31.05.19
CBRE
View
5 & 7 Park Street
South Melb
EOI
Wed 10.04.19
CBRE
View
112-116 Anderson Road
Sunshine
Private Sale
—
Real Propertities
View
56 Kingloch Parade
Wantirna
Tender
Wed 01.05.19
Colliers
View
Riverwalk Town Centre
Werribee
EOI
Wed 01.05.19
Real Propertities
View
137-157 Adderley Street
West Melb
EOI
Wed 03.04.19
Savills
View
45-55 Dudley Street
West Melb
Private Sale
—
Savills
View
102 Douglas Parade
Williamstown
Auction
Thur 11.05.19
Allard Shelton
View
13 Lewisham Road
Windsor
Private Sale
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Knight Frank
View
VICTORIA NE WS
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ESTABLISHED DEVELOPER ADDS 50M PROJECT TO MELBOURNE PIPELINE
CONTENT SUPPLIED BY
The site, which has a rich history in the local fabric and was once a boot-maker’s shop, will be transformed into contemporary apartments. Image Credit: Piccolo Developments.
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Despite uncertainty in Melbourne’s residential market, Piccolo has revealed plans for its latest development, confident there is strong demand for quality projects.
Its latest endeavour, Fitzroy House, located on Argyle Street, will retain and build upon the historic Iron and Piper boot factory, which has stood in Fitzroy since the late 19th century. The 1,000sq m site, purchased by Piccolo for $7.8 million, has approval for 34 apartments and commercial space at the ground level. Led by mother-and-son duo Mima and Michael Piccolo, the developer, operating for over fifty years in Melbourne's inner suburbs, has delivered a vast portfolio of premium quality boutique projects. Piccolo, known for its projects in the Carlton area, where it has seven medium-density residential developments, has since expanded to bayside with Elwood House which was shortlisted for 12 major industry awards. The developer, which has a $250 million development pipeline, has pressed forward with Fitzroy House, appointing a builder ahead of pre-sales. Michael's parents Mima and Martin Piccolo, founded the construction and development company in the early 1970s, with their start in Essendon and Carlton building single houses. “I learnt a lot from working with my parents and came to appreciate their considered attention to detail and how they approached each project with passion and commitment, always with the resident
front of mind,” Piccolo director Michael Piccolo told The Urban Developer. “This is something I’ve carried on in the business and no matter how many projects we complete or awards we win, it will always be a family-run business that puts buyers first.” The heritage-rich Fitzroy House development will now look preserve and revitalise the century old factory with new apartment finished with quality fixtures and design features. Drawn to the complexity and community-sensitive project, the developer sounded out the corner block site for its position in the heart of Fitzroy and the suburbs vibrant culture. “The iconic heritage façade and arched windows drew me in immediately and add instant character and depth to the site that is hard to come by,” Piccolo said. “The design will be showcased as we retain as much of the building as possible, keeping the ground floor for commercial office space that will enjoy the soaring ceilings and bluestone window sills.” The interiors, designed by Hecker Guthrie, will include standalone bathtubs in all two and three-bedroom apartments, along with a marble double vanity and inbuilt storage. Kitchens will enjoy marble splash backs and Gaggenau appliances, while oak timber floor boards will feature
throughout the living area. Each residence will also have a private terrace and at least one carpark. One-bedroom apartments at Fitzroy House are anticipated to start at $620,000, two-bedrooms at $930,000 and three-bedroom apartments at $1.875m. Piccolo, known for its “one project at a time” approach and a philosophy of quality over quantity, have not discounted the possibility of a multipronged approach as the business scales. “Our company has continued to grow over the past 50 years and I believe the key to that growth and success is our attention to detail and the personal touch we bring to each developments,” Piccolo said. “As we continue to expand the business we will start to work on multiple projects as we’ve now built an amazing team at Piccolo who understand the company’s core values.” For the foreseeable future Piccolo will continue to focus on projects and opportunities in Melbourne's inner suburbs with no plans indicated for interstate expansion. “Melbourne is our home and we are committed to adding to its unique culture through the built environment.”
VICTORIA LISTINGS
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142-146 Andersons Creek Road, Doncaster East
72-76 Paisley Street, Footscray
For Sale by Expressions of Interest closing Wednesday 1 May at 2pm
For Sale by Expressions of Interest closing Wednesday 8 May at 2pm.
Luxury Doncaster East Townhouse Development Opportunity
Premium Permit Approved Central Footscray Development Site
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High profile corner site of 4,042sq m*
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Major triple fronted landholding of 1,838sq m*
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Approved permit and endorsed plans for 34 luxury townhouses
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Three street frontage with a combined frontage of 123 metres*
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Majority four bedroom townhouses, providing an generous average internal area of 224sq m*
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Permit Approved for an incredible ‘rothelowman’ designed apartment and retail project
Benson Zhou 周文旭
Nick Peden
Jesse Radisich
npeden@savills.com.au
jradisich@savills.com.au bzhou@savills.com.au 0458 488 888 0402 085 702
0402 011 266
Nick Peden
Jesse Radisich
Benson Zhou 周文旭
npeden@savills.com.au
jradisich@savills.com.au
bzhou@savills.com.au
0402 011 266
0402 085 702
0458 488 888
18-20 Station Street, Highett
265-269 Burke Road, Glen Iris
For Immediate Private Sale
For Immediate Private Sale
Artist’s Impression
Prime Permit Approved Site in Perfect Lifestyle Location
High Exposure Retail Landholding
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Large site of 1,857sq m* with 30m* frontage to Station Street
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Large Glen Iris landholding of 540sq m* with rear access
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Approved permit for a luxury four-level apartment project comprising 34 large apartments
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Commercial 1 Zone with DDO prescribing development potential of at least 7 levels (STCA)
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Expertly designed by renowned ´Ewert Leaf´ architects
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Vacant Possession
Glenn Ye 叶格林 Julian Heatherich jradisich@savills.com.au jheatherich@savills.com.au gye@savills.com.au 0476 938 888 0402 085 702 0412 995 655 Jesse Radisich
More Exposure More Competition Record Prices
Jesse Radisich
Nick Peden Glenn Ye 叶格林 jradisich@savills.com.au npeden@savills.com.au gye@savills.com.au 0402 085 702 0402 011 266 0476 938 888
VIEW OUR LISTINGS
PLEASE BE AWARE OF 18MM CENTER PAGE MARGIN
THE PROPERT Y DE VELOPMENT RE VIE W
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137-157 Adderley Street, West Melbourne
45-55 Dudley Street, West Melbourne
For Sale by Expressions of Interest closing Wednesday 3 April at 2pm.
EOI now Closed - Offers under Review
Premium Permit Approved City-Fringe Corner
Landmark Permit Approved City-Fringe Site
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Major corner landholding of 1,606sq m*
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Large landholding of 1,304sq m* with rear access
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Huge exposure with 115m* of triple street frontage
•
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Approved permit for a superb ‘Buchan Architects’ designed project comprising 81 generously sized apartments
Newly issued planning permit for a striking 25-level mixed-use project featuring 144 apartments, including 42 hotel rooms
•
Ideally situated just a short walk to the CBD, public transport plus Melbourne’s iconic Flagstaff Gardens and Queen Victoria Market Benson Zhou 周文旭
Clinton Baxter
Jesse Radisich
MingXuan Li 李名轩
Clinton Baxter
cbaxter@savills.com.au
jradisich@savills.com.au
mli@savills.com.au
cbaxter@savills.com.au jradisich@savills.com.au
bzhou@savills.com.au
0413 569 888
0402 085 702
0498 688 998
0413 569 888
0458 488 888
Jesse Radisich 0402 085 702
8-14 Michael Street, Brunswick
8 Rosamond Road, Footscray
For Immediate Private Sale
For Immediate Private Sale
Artist’s Impression
Premium Permit Approved Development Opportunity
Boutique City Fringe Development Site
•
Major landholding of 1,608sq m*
•
Prime inner suburban landholding of 610sq m*
•
Recently approved permit for a striking project comprising 72 high quality apartments*
•
Permit approved project comprising 7 townhouses
•
Ideally positioned 1km* from Victoria University and Footscray Activity Centre
•
Spectacular design by award winning ‘SJB Architects’ Benson Zhou 周文旭
Nick Peden
Jesse Radisich
npeden@savills.com.au
jradisich@savills.com.au bzhou@savills.com.au 0458 488 888 0402 085 702
0402 011 266
MingXuan Li 李名轩 Julian Heatherich Mark Stafford mli@savills.com.au jheatherich@savills.com.au mstafford@savills.com.au 0498 688 998 0412 995 655 0404 401 053 *Approx.
To discuss how we can generate an extraordinary sale for your property by accessing our vast international platform (Savills has over 25,000 staff in Asia), please contact the Savills Sales Team at any time.
VICTORIA LISTINGS
For Sale: 112-116 Anderson Road, Sunshine VIC 3020
18
– Purchase Price $33 Million – A total land area of 2.2ha – Long settlement negotiable – A 30-metre height limit across an extensive part of the site (in excess of 60%) – Direct access to Sunshine Plaza
Fully approved development plan overlay site positioned on Melbourne’s new Airport rail link. andersonroadsunshine.com.au
View Listing
Joseph Catanese 0418 367 514 jcatanese@realproperties.com.au
THE PROPERT Y DE VELOPMENT RE VIE W
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For Sale: Riverwalk Town Centre, Werribee VIC 3030
– A significant 1.16 hectare* mixed-use site
Lot Z, Riverwalk. Plan Number 641295
– Proposed scheme allows for 53 townhomes and 2,500m2 of retail space
– Located in the heart of the established Riverwalk community – Commercial 1 Zone (C1Z) and General Residential Growth Zone (GRZ1)
– Located in the City of Wyndham, Riverwalk Town Centre is in the heart of Melbourne's booming western growth corridor.
Expressions of Interest, closing Wednesday 1st May, 2019 at 5pm (AEST). riverwalktowncentre.com.au
View Listing
Joseph Catanese 0418 367 514 jcatanese@realproperties.com.au
VICTORIA LISTINGS
20
941-951 High Street, Armadale AUCTION THIS WEEK
EXCEPTIONAL ARMADALE FREEHOLD WITH UPSIDE AUCTION Friday 5 April 2019 at 12:30pm On-Site >> Flexible Commercial 1 Zoning >> Prime Development opportunity (STCA) >> High quality retail with NLA of approx. 809sqm* >> Short term holding income >> Blue chip residential location
DOMINIC GIBSON 0409 366 941
JAMES LATOS 0437 537 957
In Conjunction With
124-130 White Street, Mordialloc
DUAL SITE OVERLOOKING WOODLANDS GOLF COURSE FOR SALE >> Ideally positioned less than 2km* from Mordialloc Beach >> Dual street frontage >> Mentone Girls Grammar, St Bede's Collage, Mentone Grammar School all within 5km* >> CBD 26km*, Mordialloc Train Station 2km*, Woodlands Plaza 2.2km* >> Substantial land holding of 2,093sqm* >> Flexible Mixed use Zone (MUZ)
DOMINIC GIBSON 0409 366 941
JAMES LATOS 0437 537 957
607 St Kilda Road, Melbourne
THE PROPERT Y DE VELOPMENT RE VIE W
21
12 Bridge Road, Melton South
FLEXIBLE DEVELOPMENT IN MELBOURNE’S FASTEST GROWING MUNICIPALITY
EOI CLOSES THIS WEEK
EXPRESSIONS OF INTEREST Closing Wednesday 3 April 2019 at 4pm AEST >> Medium density site with plans and permit for 48 three bedroom double storey homes >> Exceptional development opportunity within one of Melbourne’s most affordable suburbs >> Close proximity to Coles, Melton Train station and schools >> General Residential Zone (GRZ)
DOMINIC GIBSON 0409 366 941
JAMES LATOS 0437 537 957
32A Green Gully Road, Keilor
VACANT CORNER SITE WITH ENORMOUS POTENTIAL AUCTION Wednesday 8 May 2019 at 12:30pm On-Site >> >> >> >>
Infill residential land holding overlooking park Exceptional development opportunity Massive 310 metre approx. street frontage Easy access to Brimbank Park, Schools, Keilor Plaza and Keilor Shops >> CBD 18km*, Melbourne Airport 9km*, Western Ring Road 4km*
DOMINIC GIBSON 0409 366 941
JAMES LATOS 0437 537 957
melbourneacquisitions.com.au
03 8395 2550
VICTORIA LISTINGS
22
Connecting people & property, perfectly. 356-362 Murray Road, Preston VIC.
13 Lewisham Road, Windsor VIC.
For Sale or Lease
For Sale
Prominent Corner allotment of 2,873 sqm*
Zoned Priority Development Schedule 2
Stephen Kelly 04107 320 377 James Thorpe 0414 510 071
View Listing View at knightfrank.com.au
Immediate proximity to amenity
/1234567
Stong holding income of $210,000 pa*
Flexible General Residential Zoning
631 sqm* allotment
Stephen Kelly 04107 320 37 James Thorpe 0414 510 071
Tom Zhou 0433 311 280
View Listing
368 Lygon Street, Brunswick East VIC.
35 Herberts Lane, Diamond Creek VIC.
For Sale
For Sale
Refurbished building of 592 sqm*
Large land allotment of 595 sqm*
On-site car parking
Significant land holding of 2.45 ha*
Premium elevated location
Stephen Kelly 04107 320 377 James Thorpe 0414 510 071
Stephen Kelly 04107 320 377 James Thorpe 0414 510 071
View Listing
View Listing
Immediate proximity to amenity
THE PROPERT Y DE VELOPMENT RE VIE W
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Accelerating success Reach more people – better results faster.
UNRIVALLED WANTIRNA DEVELOPMENT OPPORTUNITY
STRIKING MIXED USE DEVELOPMENT SITE
FOR SALE Tender closing 1 May 2019 56 Kingloch Parade, Wantirna, VIC 3152
FOR SALE 280 Waverley Road, Malvern East, VIC 3145
View now
Hamish Burgess Joe Kairouz +61 421 641 497 +61 421 430 638
Jun Lai +61 456 535 000
View now
Hamish Burgess Joe Kairouz +61 421 641 497 +61 421 430 638
Jun Lai +61 456 535 000
APPROVED SITE MOMENTS FROM CHADSTONE SHOPPING CENTRE
PERMIT APPROVED DONCASTER TOWNHOUSE SITE
FOR SALE Auction Thursday 30 May at 12pm 14 Camira Street, Malvern East, VIC 3145
FOR SALE 1 Kelly Street, Doncaster, VIC 3108
View now
Hamish Burgess Joe Kairouz +61 421 641 497 +61 421 430 638
Jun Lai +61 456 535 000
View now
Jun Lai +61 456 535 000
Joe Kairouz +61 421 430 638
Hamish Burgess +61 421 641 497
colliers.com.au
VICTORIA LISTINGS
24
North Melbourne. 89-101 Lothian Street
Oak Park. 158 Waterloo Road
Incredible opportunity for motivated property developers (STCA), this former “Southern Motors” building shell is set behind an evocative circa 1920’s brick façade. Boasting corner block approx.1014m², front/rear access and triple street frontage, near trams, hospitals, universities, Errol St precinct and CityLink.
An opportunity to secure a prime parcel of land to be sold with Town Planning Plans and Permits for 7 townhouses. The property offers an existing solid brick home on a large parcel of land measuring approximately 847m². Located within close proximity to retail amenity and close to Oak Park and Pascoe Vale train stations (Craigieburn Line to CBD).
Alex Puglia 0458 393 162 alex@alexkarbon.com.au
Alex Puglia 0458 393 162 alex@alexkarbon.com.au
Charles Bongiovanni 0414 339 644 charles@alexkarbon.com.au
VIEW LISTING
VIEW LISTING
We Sell All Types of Development Sites Throughout Melbourne
Ascot Vale. 42 Milton Street With approved plans and a permit for three townhouses in a premium location, this site is a standout. Set just a short walk from Puckle Street, Union Road precincts and Ascot Vale train station. Approved plans for three architecturally designed townhouses are ready to herald in a new chapter for this well positioned development site.
Alex Puglia 0458 393 162 alex@alexkarbon.com.au
VIEW LISTING
Charles Bongiovanni 0414 339 644 charles@alexkarbon.com.au
Charles Bongiovanni 0414 339 644 charles@alexkarbon.com.au
No hassles just outstanding results. Contact us for a complimentary marketing report. Alex Puglia 0458 393 162 alex@alexkarbon.com.au
Charles Bongiovanni 0414 339 644 charles@alexkarbon.com.au
THE PROPERT Y DE VELOPMENT RE VIE W
25
VICTORIA LISTINGS
26
WILLIAMSTOWN 102 Douglas Parade
ARMADALE 941-951 High Street
PLANS AND PERMITS APPROVED FOR TOWNHOUSE DEVELOPMENT
EXCEPTIONAL FREEHOLD WITH UPSIDE – LOCATED IN THE HEART OF MELBOURNE’S MOST SOUGHT AFTER SUBURB
PUBLIC AUCTION: THURSDAY 11 APRIL AT 1:00PM
PUBLIC AUCTION: FRIDAY 5 APRIL AT 12:30PM
For more info please contact:
For more info please contact:
Michael Ryan: James Gregson: Joseph Walton:
0433 180 199 0421 516 480 0417 309 347
VIEW LISTING
FOOTSCRAY 4 Cross Street
Michael Ryan: Joseph Walton: James Gregson:
0433 180 199 0417 309 347 0421 516 480
VIEW LISTING
KENSINGTON 53-55 Robertson Road
APPROVED PERMIT FOR 17 TOWNHOUSES
FANTASTIC INNER CITY DEVELOPMENT POTENTIAL
IN THE HEART OF FOOTSCRAY’S THRIVING RESIDENTIAL PRECINCT
LOCATED IN THE ARDEN-MACAULAY URBAN RENEWAL AREA
For more info please contact:
For more info please contact:
James Gregson: Michael Ryan: Joseph Walton:
0421 516 480 0433 180 199 0417 309 347
VIEW LISTING
Level 3, 267 Collins Street Melbourne
Joseph Walton: Michael Ryan: James Gregson:
0417 309 347 0433 180 199 0421 516 480
allardshelton.com.au
VIEW LISTING
Call 9654 3222
THE PROPERT Y DE VELOPMENT RE VIE W
27
VIEW LISTING
For Sale — ���, ��� & ��� Burwood Hwy, Ferntree Gully VIC ���� Alex Ham 0410 545 226
Andrew Greenway 0409 547 626
Michael Gross 0419 355 561
– Substantial land holding of �.��* ha over three titles to be offered as one – Two expansive street frontages to both Burwood Highway and Winwood Drive – Established and proven residential location – Suit many development options including residential, health/aged care/retirement living or subdivision (STCA) Extended settlement terms available
For Sale — ��-�� Little Miller Street Brunswick East, VIC ����
For Sale — ���–��� Highett Road Highett VIC ����
Prominent Parkside Development Opportunity
Commercial Office with scope to Occupy, Invest or Develop
Andrew Thorburn 0488 440 715
Alex Ham 0410 545 226
Andrew Waddell 0419 400 991
VIEW LISTING
Andrew Greenway 0409 547 626
VIEW LISTING
VICTORIA LISTINGS
28
The North’s Premier Land Opportunity Private sale 8-32 Patullos Lane, Craigieburn VIC 3064 – – – –
82,208 sqm* immediately developable Industrial 3 Zone ( IN3Z) Positioned 275m from Hume Highway Approx. 20km from Melb. CBD and 15km* from Melb. Airport – Flexible development opportunities (STCA)
For sale Anthony Cannizzaro 0431 674 472 Mario Moscon 0404 783 888 VIEW LISTING
THE PROPERT Y DE VELOPMENT RE VIE W
29
STATE SPOTLIGHT
STATE SPOTLIGHT: QUEENSLAND
INSIDE:
Eyes On: Kangaroo Point Queensland Auction Schedule City Deal for Southeast Queensland Queensland Listings
30
THE PROPERT Y DE VELOPMENT RE VIE W
Ideally located in Brisbane’s central city area, Kangaroo Point has evolved to become one of the state capital’s most highly sought-after residential destinations. This densely populated suburb is nestled between a tight bend in the Brisbane River, connected to the CBD by the renowned Story Bridge at the northern tip. Convenient for al manors of urban-lifestyle, the neighbourhood benefits from aesthetic appeal too with numerous heritage-listed sites and sweeping CBD views. RESIDENTS
As of the 2016 Census, Kangaroo Points reported a total population of 8,063 people; an increase of 15.2% from the 2011 Census. The median age has moved from 35 to 34; with Queensland’s median age at 37 and Australia’s at 38. The number of people per dwelling through this period has remained the same at 1.9. The most significant age brackets exist between the ages of 25 and 34. Almost 40% of residents have achieved a Bachelor Degree or higher and 60.9% of people are working professionals, manager or in administration roles.
31
developments, cafes and restaurants. As such the area has significant appeal for young professionals; just 28.9% of families have children, which is much less than the rest of the state or Australia. The area boasts an abundance of appeal for day visitors and tourists alike, with the heritage-listed Kangaroo Point Cliffs overlooking the city skyline and its proximity to Southbank and multiple highend restaurants.
across 12, 10, 10 and 5 storeys. Banyan Tree Residences will take shape at 44-50 River Terrace and will offers communal green areas, a rooftop pool, 358 car spaces and stunning CBD views. Designs were drawn by NRA Co Lab, with construction expected to commence in 2019 and reach completion in late 2021. Lotus Tower: An Elenberg Fraser designed, 200-residence residential tower is currently in construction. Situated at 3648 Lambert Street, the solitary building PRICE will rise 20-storeys high and will offer the one, two and three bedroom apartments, Houses: The median house price in Kanga- a premium range, several two-storey villas roo Point is steady with its position three and five top-level penthouses. years prior. Through this three year period, Multiple amenities have been planned the price has descended to 825,000 and including a roof-top sun deck, yoga space, risen to 940,000 through a series of multi- oasis pool deck, golf simulator and games ple troughs and peaks. and media rooms. Weekly median advertised rent is $530. Units: The median price of units has fallen 7.4% over the past three years to $477,000, in a reasonably straight trajectory. High rental rates (weekly median advertised rent is $460) for the area assists a favourable rental yield of 5.01% SIGNIFICANT PROJECTS
Once a working-class area, Kangaroo Point is now home to upmarket apartment
Image Credit: The Urban Developer
Banyan Tree Residences: Developer Gallus Partners Pty Ltd is bringing a four-building residential development to Kangaroo Point, delivering 259 residences
EYES ON: KANGAROO POINT
CULTURE
AUCTION & EOI SCHEDULE
32
SALES SCHEDULE: QUEENSLAND
1 Gowrie Junction Road
Cotswold Hills, Toowoomba
EOI
Thur 02.05.19
Ray White Special
View
117 Flockton Street
Everton Park
EOI
Thur 02.05.19
Ray White Special
View
621 Ann Street
Fortitude Valley
Private Sale
—
C Property
View
Lot 164 Steve Irwin Way
Glass House Mtns
Private Treaty
—
CBRE
View
8 Carlton Street
Highgate Hill
Private Sale
—
C Property
View
4-10 Lambert Street & Railway Avenue
Indooroopilly
EOI
Contact Agent
C Property
View
128 Frank Street
Labrador
Private Sale
—
Ray White Comm.
View
1-7 Harley Street
Labrador
EOI
Thur 25.04.19
JLL
View
1785 Anzac Avenue
Mango Hill
EOI
Wed 01.05.19
Ray White Special
View
191-207 Callaghan Road
Narangba
EOI
Thur 02.05.19
JLL
View
173 Latrobe Terrace
Paddington
EOI
Tue 30.04.19
C Property
View
Sippy Downs Town Centre
Sippy Downs
Private Treaty
—
CBRE
View
24 Welch Street
Southport
Private Sale
—
Ray White Comm.
View
75-77 Queen Street
Southport
Private Sale
—
Ray White Comm.
View
30-36 Mawarra Street & 31-33 Anembo Street
Surfers Paradise
Private Sale
—
Ray White Comm.
View
3008 Surfers Paradise Blvd
Surfers Paradise
EOI
Contact Agent
Savills
View
THE PROPERT Y DE VELOPMENT RE VIE W
33
QUEENSL AND NE WS
34
GAME CHANGER: $58BN CITY DEAL FOR SOUTHEAST QUEENSLAND CONTENT SUPPLIED BY
Southeast Queensland could be green-lit for the biggest “city deal” in Australia, with a $58 billion proposal to guide its growth, and the prime minister announcing his support for the major plan. With a focus on supporting diverse sectors within the region including housing and planning, tourism, manufacturing and education, the SEQ City Deal could also pave the way for government-owned land to be opened for development. Queensland deputy premier Jackie Trad this week released Transforming SEQ, which highlights 35 “opportunities” that could be considered as part of the future City Deal, including six “game changers” for the region. “Modelling by KPMG has shown a SEQ City Deal could stimulate an increase of up to $58 billion in our economy by improving the productivity and competitiveness of the region,” Trad said. The City Deal, which involves all three levels of government – council, state and federal – would see government working on priorities to drive the SEQ economy. Under a City Deal plan, all three levels of government sign an agreement to set the priority infrastructure projects and initiatives. integrated l and - use pl anning approach
Property Council chief executive Ken
Morrison described the announcement as “a game-changer for the region. “Our growing cities and urban regions are the engine rooms of the Australian economy,” Morrison said. “The city deal model brings together all levels of government around the same plan to boost productivity and jobs through targeted investment in city-shaping projects and infrastructure.” Property Council Queensland director Chris Mountford said the council has been collaborating with state government and SEQ councils for nearly six years on the potential for a city deal. “The State and local governments have also agreed in principle to a more coordinated integrated land-use planning approach,” “Opening up under-utilised government-owned land for development has also been agreed as a clear opportunity to unlock economic activity, create jobs and build business confidence.” growing popul ation
The region's current 3.5 million population is forecast to increase to 5.3 million within the next 25 years, ultimately requiring an extra 800,000 homes and additional one million jobs. Focus has been placed on the recently released people mass movement study
which identifies the impact of the expected population growth on the region’s ability to cope with future transport demand. South-east Queensland is already home to over two-thirds of the state’s population. The region is home to nearly one in every seven Australians. The agreement marks the second city deal for Queensland following the policy being first established in Townsville. So far, city deals have been developed for Western Sydney, Townsville and Launceston, and a further four more are currently under negotiation in Adelaide, Hobart, Perth and Geelong.
THE PROPERT Y DE VELOPMENT RE VIE W
High Level: The Six 'Game Changers' for the Region.
35
01. Build on Cross River Rail and Brisbane Metro to move SEQ towards a 45-minute region by delivering the next wave of Rail and Metro projects to connect key activity and growth centres. 02. Supercharge an SEQ Trade and Enterprise Spine between the Toowoomba Trade Gateway and the Australia TradeCoast by connecting Inland Rail to the Port of Brisbane. 03. Ignite Innovation Precincts to deliver more high-value, knowledge-intensive jobs through enabling-infrastructure and a culture of innovation and entrepreneurship. 04. Establish SEQ as Australia’s leading Smart Digital Region by leveraging the new International Broadband Submarine Cable to deliver a Digital Trade Hub and taking a region-wide approach to data and digital connectivity. 05. Deliver better recreational spaces and landscapes for our growing region, including through a new tripartite Liveability Fund to co-invest in critical blue and green infrastructure. 06. Deliver greater coordination and collaboration between federal, state and local governments, including a new tripartite Regional Coordination Board to support strategic governance for the region.
Image Credit: The Urban Developer
QUEENSL AND LISTINGS
36
Orion Towers 3008 Surfers Paradise Boulevard, Surfers Paradise, Gold Coast Queensland, Australia
The best development opportunity currently available in Surfers Paradise is now for sale at 3008 Surfers Paradise Boulevard Surfers Paradise
The corner development site has significant frontage to Surfers Paradise Boulevard, Enderley Avenue and Markwell Avenue within the heart of the Surfers Paradise, one of Australia’s fastest growing regions and premier tourist destinations. The site has an existing development approval for a Mixeduse project comprising two high-rise towers. Tower One consists of 76 storeys including 523 apartments. Tower Two consists of 103 Storeys including 604 apartments, 165 short Term Accommodation (hotel) and mixed use. Sales Enquiries Robert Dunne 0418 888 840 rdunne@savills.com.au
More Exposure More Competition Record Prices
Sales Enquiries Christopher Jones 0405 469 736 cpjones@savillsgc.com.au
VIEW OUR LISTINGS
THE PROPERT Y DE VELOPMENT RE VIE W
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QUEENSL AND LISTINGS
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FOR SALE
SIPPY DOWNS TOWN CENTRE, SUNSHINE COAST, QLD HIGH GROWTH AREA – SUNSHINE COAST + Five "Town Centre" lots being developed completion & title due April 2019 + O nly 3 lots remain. Develop now or landbank + High profile corner opposite the University of the Sunshine Coast + Immediately adjacent to the new Coles supermarket & nearby to Youi head office + 8km* from Mooloolaba & 90km* to Brisbane + "Major Centre" zone supporting retail, hotel, commercial & high density resi to 25 metres* *approx
FOR SALE BY PRIVATE TREATY BRENDAN ROBINS 0402 159 588 REM RAFTER 0408 714 420
VIEW LISTING
property.cbre.com.au
FOR SALE
LOT 164 STEVE IRWIN WAY, GLASS HOUSE MOUNTAINS, QLD 4518 MASSIVE HIGHWAY FRONTAGE + 2.19 Ha* site + L ocated in Sunshine Coast railway township Glass House Mountains + DA approval over part of the site for a neighbourhood shopping centre (1,300sqm* supermarket plus nine specialty stores totalling 840sqm*) + Site adjacent to main business district *approx
FOR SALE BY PRIVATE TREATY
REM RAFTER 0408 714 420 property.cbre.com.au
VIEW LISTING
THE PROPERT Y DE VELOPMENT RE VIE W
39
4HA* MANGO HILL DEVELOPMENT OPPORTUNITY Mango Hill, 1785 Anzac Avenue
Outline and Locations Indicative Only
Outline Indicative Only
EXPRESSIONS OF INTEREST
Mark Creevey 0408 992 222 mark.creevey@raywhite.com
Closing Wed 1 May 2019 4pm • • • • •
28km* approx north of the CBD on the edge of North Lakes Town Centre • Direct bikeway connectivity to University of the Sunshine Coast Petrie Development Approval (MCU) for 715 dwellings, shop and office • Alternate development options include health, medical, aged 62,500+m²* GFA over 13 buildings with max height 7 storeys care/retirement, hotel, student accommodation and build to rent Directly adjacent to Coles anchored Mango Hill Market Place (^STCA) Highly visible location - exposure to 33,123*^ vehicles daily *Approx ^Subject to Council Approval
INTERSTATE OWNER LIQUIDATES SITE-APPROVED 56 TOWNHOUSES Everton Park, 117 Flockton Street, Everton Park
Outline and Locations Indicative Only
*Approx
Cotswold Hills, Toowoomba, 1 Gowrie Junction Rd
EXPRESSIONS OF INTEREST
Closing Thur 2 May 2019 4pm
View Listing
RETIREMENT OR MANUFACTURED HOME PARK SITE^
Outline and Locations Indicative Only
EXPRESSIONS OF INTEREST Land Area - 2.24Ha* Within 10km* of the Brisbane CBD 12 x 4 bed, 21 x 3 bed + study & 23 x 3 bed townhouse mix Proposed townhouses uniquely overlook green reserve Adjoins North West Private Hospital & Woolworths anchored North-West Plaza Shopping Centre
Matthew Fritzsche 0410 435 891 mathew.f@raywhite.com
raywhitespecialprojects.com
View Listing
• • • • •
Tony Williams 0411 822 544 tony.williams@raywhite.com
Closing Thur 2 May 2019 4pm Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com
raywhitespecialprojects.com
• • • • •
10km* to Toowoomba CBD & 15km* to Highfields Land area 8.75Ha* with flexibility to expand Convenient access to 2nd Range Crossing Potential to purchase subject to DA Potential options include Retirement Village, Manufactured Home Park or RV Park^
*Approx ^Subject to Council Approval
View Listing
Mark Creevey 0408 992 222 mark.creevey@raywhite.com Tony Williams 0411 822 544 tony.williams@raywhite.com
raywhitespecialprojects.com
QUEENSL AND LISTINGS
40
BOUTIQUE 50 UNIT DEVELOPMENT OPPORTUNITY
HIGH EXPOSURE OPPORTUNITY, COMMERCIAL &/OR RESIDENTIAL
FOR SALE
FOR SALE
• • • • •
• Land Area 1114m2 • High exposure position on 3 street frontages • Would suit, Hotel / Offices/ Commercial and Residential uses • Motivated vendor seeking immediate sale
Southport, QLD, 24 Welch Street
Private Sale, Contact Agent
Private Sale, Contact Agent
Exceptional approval with above ground parking Proven success in immediate area NSA 5862m2* Spacious floor plans with fully enclosed studies Mix of 30 x 2 Beds + 20 x 3 Beds
View Listing
Southport, QLD, 75-77 Queen Street
Brad Merkur 0414 389 300 b.merkur@rwsp.net
raywhitecommercialgoldcoast.com.au
View Listing
Brad Merkur 0414 389 300 b.merkur@rwsp.net
raywhitecommercialgoldcoast.com.au
APPROVED DEVELOPMENT WITHIN HIGH DEMAND LOCATION
CHEVRON ISLAND DEVELOPMENT OPPORTUNITY
FOR SALE
FOR SALE
• • • • • •
• • • • • •
Labrador, QLD, 128 Frank Street
Private Sale, Contact Agent
Private Sale, Contact Agent
2 Stage Development of 2 x 10 levels 111 units with 2 Street Frontages Prominent Location Offering Great Lifestyle Amenities Spectacular View Corridor with Ocean and Broadwater Views JV Scenarios Welcome Land Area 2,794m2*
View Listing
Surfers Paradise, QLD, 30-36 Mawarra St + 31-33 Anembo St
Brad Merkur 0414 389 300 b.merkur@rwsp.net
raywhitecommercialgoldcoast.com.au
6 lots to be sold individually or in one line Land area combined 3036m2* or circa 506m2* individually JV scenarios welcome Zoned "High density residential" Current approval for 190 dwellings Surplus land holding - Submit all offers
View Listing
Brad Merkur 0414 389 300 b.merkur@rwsp.net
raywhitecommercialgoldcoast.com.au
THE PROPERT Y DE VELOPMENT RE VIE W
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Elevated Mixed Use Zoned Redevelopment Site
For sale 1-7 Harley Street, Labrador QLD 4215
Development Site In High Growth Corridor
For sale 191-207 Callaghan Road, Narangba, QLD, 4504
For sale Elliott O’Shea 0413 838 717 Tim Jones 0478 787 974
– E levated 5,815sqm corner site over three lots – F lexible Mixed Use zoning allowing for a broad range of development outcomes
VIEW LISTING
– A djoining Coles anchored suburban shopping centre with a broad mix of specialties and medical tenants
For sale Elliott O’Shea 0413 838 717 Tim Jones 0478 787 974
– Expansive 13.73ha (approx.) landholding – S ituated in an established residential suburb with limited zoned land available – L ocated in the Narangba East Local Development Area and designated for residential subdivision (STCA)
VIEW LISTING
QUEENSL AND LISTINGS
42
FOR
SALE
173 Latrobe Tce | Paddington
621 Ann St | Fortitude Valley
>
1,427m² prime corner holding
>
1,173m² prime corner holding
>
Development Approval for trophy mixeduse development
809 sqm* 2 level office/retail building
>
Unique Opportunity to occupy all or part of the finished development
> > >
Unobstructed, never to be built out views corridors
8 Carlton St | Highgate Hill
Multiple high-rise redevelopment options
4-10 Lambert St & Railway Av | Indooroopilly
>
904m² medium density zoned land
>
2,183m² mixed-use land across 3 lots
> > >
Approval for 18 apartments over 5 levels
Adjacent to Indooroopilly Train Station
20m frontage to Carlton St
> >
Efficient build with only 1 basement and well designed, spacious apartments
>
All tenants on short-term agreements
Currently improved with 3 separate buildings with substantial holding income
RECENTLY
SOLD
470 - 480 Main St | Kangaroo Point
113 - 117 Jane St | West End
>
2,851m² site superbly located opposite the Brisbane CBD and Brisbane River
>
1,620m² site within walking distance to Boundary Street, Southbank & the CBD
> >
Code assessable potential for 8 levels
> >
Code assessable potential for 12 levels
Sold for $5,700,000 to a local Developer
20 Victoria Pde | Clayfield
Sold for $5,300,000 to a local Developer
1354 - 1362 Wynnum Rd | Tingalpa
>
810m² spectacularly positioned land parcel over 2 lots
>
2,512m² land parcel over 2 lots ripe for development
> >
Approval for 11 high end apartments
> >
Very rare offering along Wynnum Rd
Sold for $2,250,000 to a local Developer
Sold for $2,012,500 to a local Developer
If you are considering selling your development site or commercial property either through an onmarket campaign or confidential offmarket approach please be in touch.
p
07 3216 1203
e
carl@propertyqld.com.au
w
www.cpropertyqld.com.au
*approx.
THE PROPERT Y DE VELOPMENT RE VIE W
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THE IDEAL SITE TO FIND THE IDEAL SITE
Namuste essitatiae nos aute
volliquo mil earis dolento tassequ LESS SEARCHING. iberfer feriorp orepediaeris aute MORE nullessitam DEVELOPING. es ipicia dolo dicabo.
developmentready.com.au developmentready.com.au
LESS SEARCHING. MORE DEVELOPING.
STATE SPOTLIGHT
STATE SPOTLIGHT: NEW SOUTH WALES
INSIDE:
Eyes On: Kemps Creek New South Wales Auction Schedule Crown's Barangaroo Tower New South Wales Listings
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THE PROPERT Y DE VELOPMENT RE VIE W
Approximately 39km west of Sydney’s cosmopolitan CBD, Kemps Creek is a strategic industrial, commercial and residential suburb within the Great Western Sydney district. With significant government infrastructure plans underway, such as the Badgerys Creek Airport, the future of this suburb is one to duly take note of. RESIDENTS
As of the 2016 Census, Kemps Creek reported a total population of 2,268 people; a decrease of 1.8% from the 2011 Census. The median age has increased between the two reporting periods, moving from 38 to 41. The most significant age brackets exist between the ages of 15-24 and 45-49; families play a big role in the make-up of Kemps Creek with an average of 3.4 people per dwelling, which did not change between 2011 and 2016. CULTURE
The main strip in Kemps Creek, Elizabeth Drive, presenting a Rural Fire Service, petrol stations, a handful of cafes, post office and Bill Anderson Park. The suburb also contains five schools offering complete levels from primary to secondary. Lifestyle amenities are not contained specifically to one area and, as a result,
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much of the land is suited towards agriculture, industrial and commercial outcomes. With the State Government’s Metropolis of Three Cities infrastructure development plan and the establishment of the Badgerys Creek Airport, Kemps Creek’s culture is set to evolve.
Sydney region by establishing a new highskill jobs hub across aerospace and defence, manufacturing, healthcare, freight and logistics, agribusiness, education and research industries. Plans indicate that residents will benefit from strong local and international connections and the development of a 24PRICE hour economy centred in Badgerys Creek (the adjacent suburb). Houses: Property prices in Kemps Creek Costco: Approval has been granted have experienced turbulent times over the development approval for a $77 million napast three years. As of February 2019, the tional distribution centre in Kemps Creek; median house price was $2.32 million, to be located near the future airport. compared to $1.675 million in March Encompassing around 20 football fields of 2016. Prices reached a spike in July of land (14-hectares), the centre is expected 2017 however, achieving a median price of to generate up to 1,000 construction and $3.8 million. operational jobs. This sudden surge can be related to The project is expected to reach comannouncements and interest in the impact pletion at the end of 2019. the Badgerys Creek airport will have on land in the area. Weekly median advertised rent is $550. Units: Due to the nature of properties in Kemps Creek there is no relevant data for apartments sale and rent prices. SIGNIFICANT PROJECTS
Western Sydney Aerotropolis: Western Sydney Airport is set to be a game-changer for the region. It is expected to generate 200,000 new jobs for the Western
EYES ON: KEMPS CREEK
Image Credit: Passenger Terminal Today
AUCTION & EOI SCHEDULE
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SALES SCHEDULE: NEW SOUTH WALES
16 & 18-20 Water Street
Annandale
EOI
Tue 09.04.19
JLL
View
424-432 Princes Highway
Blakehurst
Private Sale
—
Highland Marketing
View
232 Lane Street
Broken Hill
Auction
Thur 09.05.19
Colliers
View
49-52 Cawarra Road
Caringbah
Private Sale
—
Highland Marketing
View
56-58 Ewos Parade
Cronulla
Private Sale
—
Highland Marketing
View
23 Connels Road
Cronulla
Private Sale
—
Highland Marketing
View
30-36 Bay St & 2 Guilfoyle Ave
Double Bay
EOI
Tue 02.04.19
CBRE
View
180-182 & 184 Railway Parade
Kogarah
EOI
Thur 09.05.19
JLL
View
211 South Street
Marsden Park
EOI
Tue 09.04.19
JLL
View
503-505 Pacific Highway
Mount Colah
EOI
Tue 30.04.19
Ray White Comm.
View
18 The Crescent
Penrith
Auction
Thur 11.04.19
Colliers
View
31A-37 Selems Parade
Revesby
Auction
Wed 01.05.19
Colliers
View
THE PROPERT Y DE VELOPMENT RE VIE W
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NE W SOUTH WALES NE WS
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CROWN'S $2.2BN BARANGAROO TOWER
CONTENT SUPPLIED BY
Image Credit: The Urban Developer
THE PROPERT Y DE VELOPMENT RE VIE W
Crown Resorts $2.2bn development One Barangaroo is on course to meet its completion in the first half of 2021. Following 14 months of construction, the hotel and casino development stands almost 120-metres above the harbour, with the first level of the Crown Residences, level 33 scheduled to be poured in July. In December, Crown and developer Lendlease won its fight against the New South Wales government to retain Sydney's billion dollar harbour views at the Barangaroo project, in a decision handed down by the Supreme Court. When complete the development will
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also house a “limited collection” of 82 private residences. The construction team has reached three building stages: completion of the podium structure which is capped off by two roof-top infinity swimming pools, fitting of the first of the hotel rooms, and installation of the glass facade. Crown Resorts’ Todd Nisbet described Crown Sydney as “one of Australia’s most sophisticated buildings” targeting investment from ultra-high-net-worth individuals. “We are singularly focused on delivering a sustainable luxury development that will stand the test of time,” Nisbet said.
Up to 78,000 cubic metres of concrete has now been placed, with 14,000 tonnes of reinforcement, and 3,037 tonnes of structural steel in the podium structure placed to date. Hotel floors start at level six and are now up to level 21. The lift core currently sits at level 29, the current highest point of construction at 120 metres above the water. Exterior glass panel installation has started, totalling over 7000 when complete, and podium exterior glass panels installation is also in progress totalling over 1500 when completed.
NE W SOUTH WALES LISTINGS
Artist Impression
Outlines Indicative Only
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THE PROPERT Y DE VELOPMENT RE VIE W
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VENDOR TO MEET MARKET DA APPROVED TOWNHOUSE SITE Mount Colah, 503-505 Pacific Highway
Sydney CBD Macquarie Park Hornsby
Asquith Girls High School
Asquith Station
Asquith Golf Club
503-505 Pacific Highway
Outlines and Locations Indicative Only
EXPRESSIONS OF INTEREST Closing Tue 30 Apr 2019 3pm (AEST)
• CC documents prepared, pending lodgement
• Land area of 1,673 sqm*
• 1km* to Mount Colah train station • Generous sized townhouses • 1.1km* to Asquith train station with a mix of 3 and 4 bedrooms
Jeff Moxham 0413 838 339 jmoxham@raywhite.com Samuel Hadgelias 0403 254 675 shadgelias@raywhite.com
* Appro1x
raywhitecommercialnsw.com
NE W SOUTH WALES LISTINGS
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FOR SALE
30-36 BAY ST & 2 GUILFOYLE AVE, DOUBLE BAY NSW 2028 DA APPROVED RESIDENTIAL DEVELOPMENT SITE
CBRE is pleased to offer a prestigious Development Approved site at 30-36 Bay St & 2 Guilfoyle Ave, Double Bay, NSW to the market for sale via an International Expressions of Interest campaign. The site will be sold via an International Expressions of Interest campaign closing Tuesday 2nd April 2019 at 3.00pm (AEST). 30-36 Bay St & 2 Guilfoyle Ave, Double Bay offers prospective developers the chance to capitalise on the following features: + Rare site in the heart of the Double Bay village overlooking the park & Harbour Views + D evelopment Approval for the construction of 13 luxury residential apartments plus boutique ground floor retail + U ncompromised position in a sophisticated harbourside suburb with city conveniences + Short walk to Double Bay Ferry Wharf & Edgecliff Station
THE SITE WILL BE SOLD VIA AN INTERNATIONAL EXPRESSIONS OF INTEREST CAMPAIGN CLOSING TUESDAY 2ND APRIL 2019 AT 3.00PM (AEST).
PETER KRIEG 0412 822 144 property.cbre.com.au
BEN STEWART 0412 753 740
+ Situated amongst Double Bay’s vibrant and thriving social scene + Less than 4 kilometres to the Sydney CBD + Unrivalled demand for high quality apartments + H olding income of approximately $1,515,000 per annum (gross) exc. GST + 4-Star NABERS Rating
VIEW LISTING
THE PROPERT Y DE VELOPMENT RE VIE W
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Mixed Use Development Site
For sale 180-182 & 184 Railway Pde, Kogarah NSW 2217
For sale John Romyn 0414 183 712 Peter Seeto 0400 222 666
– 1,003sqm* Development Site – B4 Mixed Use Zoning
VIEW LISTING
– Holding Income $$ – Generous Planning Controls
Inner West Residential Development Site For sale 16 & 18-20 Water Street, Annandale NSW 2038 – Site area 1,048sqm* – Proposed Zoning - R3 Medium Density Residential
For sale Paul Hunter 0412 764 682 VIEW LISTING
Significant Land Holding For sale 211 South Street, Marsden Park NSW 2765 –P rime development opportunity – adjoining future rail corridor – Zoned: B7 Business Park
– Currently two houses
– Large site area of 7.233ha*
– Close proximity to Annandale Village and Parramatta Road
– Opportunity to develop distribution centres/warehouses
For sale Scott Coltman 0404 455 332 Derek Erwin 0409 828 790 VIEW LISTING
NE W SOUTH WALES LISTINGS
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for sale
for sale
sutherland shire’s rarest commercial opportunity CARINGBAH
south cronulla ocean view development site 56-58 EWOS PARADE, CRONULLA
• 8,148sqm land size • Development potential with a current FSR of 1.5:1 and a height limit of 16 meters • Commanding corner position offering triple street frontage and excellent access
• Walk to Cronulla Train station and Cronulla Mall
Reno Santaguida 0400 640 401
Mathew Cassidy 0467 855 954
contact
HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE
• Zoning R4 High Density Residential • Luxury Apartment Site • Land size 1258m 2 approx, FSR 1.5:1
contact
HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE
for sale
for sale
luxury townhouse site 23 CONNELS ROAD, CRONULLA
waterfront development site 424-432 PRINCES HIGHWAY, BLAKEHURST
• 822m 2 Corner Block, Suitable for 5-6 townhouses
• 5,050m 2 of waterfront land, Over 10,000m 2 of GFA
• North East Aspect with water views
• 7 storey apartment development
• Delayed settlement available
• North-East aspect
• R3 Medium Density, 0.7:1 FSR & 9m Height Limit
• R3 Medium Density Residential, 2:1 FSR, 21m height limit
contact
contact
Daniel Moroko 0403 916 970
Josh Crealy 0402 248 186
HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE
Josh Crealy 0402 248 186
Daniel Moroko 0403 916 970
HIGHLANDCOMMERCIALPROPERTY.COM.AU • 1300 176 070 CRONULLA | TAREN POINT | SUTHERLAND | ST GEORGE
THE PROPERT Y DE VELOPMENT RE VIE W
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STATE SPOTLIGHT
STATE SPOTLIGHT: WESTERN AUSTRALIA
INSIDE:
Eyes On: Cannington Western Australia Auction Schedule Perth: A Top Global Destination Western Australia Listings
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THE PROPERT Y DE VELOPMENT RE VIE W
Bordered on the south-west by the Canning River and Regional Park, Cannington is a multi-faceted suburb suiting a wide range of lifestyles. While first settled in the 1840s, the suburb didn’t see significant growth until the 1960s and again in the 1990s. Now with an abundance of schools, shopping, parks and public transport options within its 4 square-kilometres, Cannington’s location allows residents an ease of exploring everything Greater-Perth has to offer.
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Park-life is in abundance, with locals enjoying many nearby options, as well as the winding Canning River. A number of local schools, in and surrounding the neighbourhood, service the area from early learning through to tertiary.
120 residence, mixed-use complex at 17 Pattie Street. The new 10-storey building will offer residents the opportunity to include five different upgrade packages. The project will include 5 ground floor commercial spaces and views of the Perth CBD in select apartments. Velocity is set PRICE for completion in November of 2020. Mode: Dale Alcock Projects and Fini Houses: Over the past three years, meDevelopments are working together to dian house prices have experienced an deliver a small-scale, family-friendly townoverall decrease of 14.5% from $465,000 house development designed to address in February of 2016. While the mining the “missing middle” in Perth’s housing RESIDENTS boom has no doubt had an impact on sale market. prices, this doesn’t appear to be a continu- The project will encompass 15 townWhile the median age has remained the ing downward trend. Median house prices houses and 5 apartments; also included same, at 30-years-old (WA; 36 – AUS; 38) have remained steady, albeit with minor are family-friendly communal areas, between 2011 and 2016, the census data fluctuations, over the past 18-months at barbecue facilities, a kids’ play area and a reveals a slight increase in population; $397,500. community garden. Townhouses will be 12.4% to 5,929. Weekly median advertised rent is freestanding, two-storey, 3-bedroom and The most heavily concentrated age $330. 2-bathroom, while apartments will range brackets exist between the ages of 20 and Units: A similar story can be told in re- from one to three-bedroom with prices 34; 12.4% are under the age 10, indicatlation to median unit prices, however with starting from $299,000. ing a significant proportion of young or slightly more significance. Median unit Mode is currently in construction. emerging families; and 40% of the popula- prices have fallen 20.7% from $415,000 tion have never married. to $329,000 over the past three years. Prices have, however, remained flat for CULTURE the past six-months. Weekly median advertised rent is Cannington is well equipped with a mix of $330. retail and recreational facilities. Westfield Carousel Shopping Centre is a significant SIGNIFICANT PROJECTS landholding in the centre of the suburb, providing retail shops, a gym, a pub, Velocity: Developer River Developments restaurants and a cinema. are currently in construction phase for a
EYES ON: CANNINGTON
Image Credit: Professionals Victoria Park
AUCTION & EOI SCHEDULE
58
SALES SCHEDULE: WESTERN AUSTRALIA
246 Great Eastern Highway
Ascot
Private Sale
—
Altegra
View
60-62 Robinson Avenue
Belmont
Private Sale
—
Ray White Comm.
View
1 Newmarket Place
Butler
Private Sale
—
Knight Frank
View
19 Jamaica Lane
Clarkson
Private Sale
—
Knight Frank
View
102 Lockhart Street
Como
EOI
Contact Agent
Salt
View
Lot 41 Commonage Road
Dunsborough
EOI
Tue 30.04.19
Knight Frank
View
50-60 & 62-68 Queen Victoria Street
Fremantle
Accepting Offers
Thur 23.05.19
CBRE
View
305 Corfield Street
Gosnells
EOI
Wed 10.04.19
Knight Frank
View
1 Staveley Place
Innaloo
Private Sale
$4,350,000
Colliers
View
Lot 30 Cnr Salvado Road & Allison Drive
Jolimont
EOI
Contact Agent
CBRE
View
Roe Highway Logistics Park
Kenwick
Private Sale
—
Raine & Horne Comm.
View
64 & 65 Mandurah Terrace
Mandurah
Accepting Offers
Thur 11.04.19
CBRE
View
Lot 15 Milldale Way
Mirrabooka
Private Sale
—
Knight Frank
View
67 Wandeara Crescent
Mundaring
Private Sale
$1,650,000
Ray White Comm.
View
192 & 192A Main Street
Osborne Park
Private Sale
—
Knight Frank
View
75 Thomas Street
Subiaco
Private Sale
—
Altegra
View
Lot 69, Coolgardie Street
West Perth
Private Sale
—
Colliers
View
THE PROPERT Y DE VELOPMENT RE VIE W
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WESTERN AUSTR ALIA NE WS
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FORBES & NY TIMES NAME PERTH A TOP GLOBAL DESTINATION
CONTENT SUPPLIED BY
Yagan Square, designed by Lyons in collaboration with Iredale Pedersen Hook and Aspect Studios. Image Credit: Peter Bennetts.
THE PROPERT Y DE VELOPMENT RE VIE W
A decade-long urban development boom has reinvigorated Perth and put it on the global map, with both Forbes and the NY Times recognising Perth as must-see destination. Australia’s oft-forgotten west coast capital has been ranked 11th in the world’s top 14 destinations for 2019, according to Forbes Travel Guide’s annual list. Perth also came in at number 43 in NY Times’ 52 Places to Go in 2019 list. Perth can attribute its ranking to several recently completed projects, ranging from re-invigorated residential and retail spaces to soon-to-be opened gourmet foodie-fests. Perth’s Yagan Square, Optus Stadium and the Raine Square redevelopment all
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received honourable mentions in both publications. Yagan Square, a park-come-dining, art installation and transportation hub will celebrate its first anniversary in March this year. Providing a pedestrian connection between the Perth CBD and Northbridge on William Street, Yagan Square offers dining and retail for tourists and local city-slickers alike. Optus Stadium, a 60,000-seat arena that joined Perth’s collection of sporting venues in 2018, was recognised as a “premier” events venue. The $200 million Charter Hall-led redevelopment, Raine Square, in Perth’s central business district also received a
FORBES TR AVEL GUIDE ANNUAL LIST:
01. Singapore 02. Hudson Yards, New York 03. Williamsburg, Virginia 04. California Central Coast 05. Vietnam 06. Grand Canyon, Arizona 07. St. Barts, Caribbean 08. Istanbul, Turkey 09. San Diego 10. Muscat, Oman 11. Perth, Western Australia
mention. NY Times writer Kelly Dinardo said that 31 new hotels had opened in the last five years, including the luxury Como, “hip” QT and a Westin, to accommodate the expected growth in tourism. “Since 2007, liquor law reforms, including a 2018 change that let restaurants serve drinks without a meal, have changed the drinking and dining scene with more than 100 small bars opening in the central business district alone.” “And Qantas started a nonstop flight from London to Perth this year, the first from Europe.”
WESTERN AUSTR ALIA LISTINGS
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Connecting people & property, perfectly. 19 Jamaica Lane, Clarkson WA.
192 & 192A Main Street, Osborne Park WA.
For Sale
For Sale
Land area 608 sqm*
James Baker 0418 912 007 Tony Delich 0418 926 410
View Listing View at knightfrank.com.au /1234567
Zoned “Business”
Todd Schaffer 0409 090 855 James Baker 0418 912 007 Rick McIntosh-Whyte 0427 419 189
View Listing View at knightfrank.com.au /1234567
305 Corfield Street, Gosnells WA.
Lot 15 Milldale Way, Mirrabooka WA.
For Sale
For Sale
DA for 37 lots
Rick McIntosh-Whyte 0427 419 189 Tony Delich 0418 926 410 View Listing
Land area 26,542 sqm*
Schools and parks nearby *Approx
Land area 3.27 ha*
Close to major amenities *Approx
DA for 12 double storey dwellings
Zoned Mixed-Use
James Baker 0418 912 007 Tony Delich 0418 926 410 View Listing
Close to major amenities *Approx
Zoned R60/160 Grouped housing
*Approx
Land area 1,881 sqm*
THE PROPERT Y DE VELOPMENT RE VIE W
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Connecting people & property, perfectly.
1 Newmarket Parade, Butler WA.
For Sale
For Sale
Potential for 102 lots (STCA)
Todd Schaffer 0409 090 855 Tony Delich 0418 926 410
View Listing View at knightfrank.com.au
VIEW LISTING
Adjacent to Dunsborough Lakes Estate
Land area 4,453 sqm* *Approx
Land area 12.55 ha* - 7.87 ha* developable
/1234567
Current DA for 54 multiple dwellings
Rick McIntosh-Whyte 0427 419 189 Tony Delich 0418 926 410
Survey Strata Potential (STCA)
View Listing View at knightfrank.com.au /1234567
*Approx
Lot 41 Commonage Road, Dunsborough WA.
WESTERN AUSTR ALIA LISTINGS
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FOR SALE
FOR SALE
PROPOSED LOT 69 COOLGARDIE STREET, WEST PERTH WA
1 STAVELEY PLACE, INNALOO WA
Proposed Land Area: 1,818m²
Exceptional Gateway Development Site
Tory Packer 0434 659 909 Tory.Packer@colliers.com
colliers.com.au/209238
Plot Ratio 3:1 Mixed-Use With Bonuses Available Development Potential
Land Area: 3,919m²
Tory Packer 0434 659 909 Tory.Packer@colliers.com
Wayne Lawrence 0434 650 853 Wayne.Lawrence@colliers.com
Accelerating success.
Close to Stirling Train Established Commercial & Bus Stations & Residential Area
Approx. 66m Frontage to Ellen Stirling Boulevard
Tim Scott 0434 659 825 Tim.Scott@colliers.com
colliers.com.au/207687
Accelerating success.
THE PROPERT Y DE VELOPMENT RE VIE W
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PERTH’S BEST-CONNECTED INDUSTRIAL ESTATE Located adjacent to the industrial suburbs of Kewdale and Welshpool
Premium lots available to lease or buy 2,400m2 to 10ha RAV7 access Traffic light controlled intersections Prime industrial location Adjacent Kenwick Rail Freight Facility High-quality landscaping and amenity
VIEW LISTING
More Information at rhlp.com.au Enquiries 0411 516 343
DEVELOPED HARDSTAND
PRIME LAND - FLEXIBLE OPTIONS
WA Mundaring, 67 Wandeara Crescent
WA Belmont, 60-62 Robinson Avenue
Wandeara Crescent
Robinson Avenue Lot 853 2,120m2
Lot 854 2,120m2
SO LD
Lot 852 2,089m2
Lot 851 4,316m2
*Outline indicative only
*Outline indicative only
SALE
View Listing
$1,650,000 + GST • 5,400m2* developed hardstand • 100mm bitumen profiling • Main water connected • 140 amps power • Secure property
Josh Sumner 0488 221 331 Lachlan Burrows 0499 552 296
*Approx
View Listing
Newlyn Street
SALE
View Listing
Contact agent • Three parcels of land totalling 8,525m2* • Lot 851 - 4,316m2* land with factory units • Lot 852 - 2,089m2* vacant land • Lot 853 - 2,120m2* vacant land
Chris Matthews 0413 359 315
*Approx
raywhitecommercialwa.com
View Listing
raywhitecommercialwa.com
WESTERN AUSTR ALIA LISTINGS
66
FOR SALE
PANORAMIC HARBOUR VIEWS HIGH DENSITY DEVELOPMENT
TRANSFORMATIONAL SITES – FREMANTLE HARBOUR WA, Fremantle: 50-60 & 62-68 Queen Victoria Street VIEW LISTING
+ Northern gateway entrance to Fremantle’s city centre and waterfront precincts + Exceptional footprints for large scale and high rise development projects. + Two distinct lead corner, elevated land parcels of 3,464sqm and 7,594sqm* (Subject to 1,310sqm* site acquisition) + Breathtaking active Fremantle Harbour and Indian Ocean coastal aspects + Directly adjacent to award winning Heirloom Apartments waterfront project + Favourable planning scheme provides for versatile use and high-rise development + Ideal location for a blend of retail, hotel and mixed use residential apartments + Residual lease to leading Holden dealership until strategic relocation
FOR SALE VIA AN OFFERS TO PURCHASE CAMPAIGN CLOSING THURSDAY 23 MAY AT 3.00PM (WST) BEN YOUNGER 0410 533 679
MICHAEL MILNE 0403 466 603
Outline Indicative Only
*approx
FOR SALE
FOR SALE
MIXED-USE DEVELOPMENT SITE
SUPERB INFILL DEVELOPMENT SITE
WA, Mandurah: 64 & 65 Mandurah Terrace, 42 Sholl Street
WA, Jolimont: Lot 30, Northern Precinct, Parkside Walk
VIEW LISTING
VIEW LISTING
SOLD LOT 30
SOLD
Outline Indicative Only
OUTSTANDING WATERFRONT OPPORTUNITY
Outline Indicative Only
SECURE THE LAST SITE AT PARKSIDE WALK
+ 3,203sqm* combined land area across 3 individual titles + Triple street frontage along Mandurah Terrace, Cooper & Sholl Street + Strong connectivity to foreshore strip and marina + Central to thriving retail, cultural & entertainment precinct + Zoned ‘City Centre Development’ with versatile planning framework + Height limit of 5-8 storeys (STCA) allowing for foreshore views
+ Regular 2,305sqm* development site + Over 62m frontage to Salvado Road and 32m to Allison Drive + Zoned Residential R80 + Option for six storeys and basement carpark + High amenity precinct close to parks, recreation facilities, cafe’s restaurants and retail shops
FOR SALE INDIVIDUALLY OR ‘IN ONE LINE’ VIA OFFERS INVITED CLOSING THURSDAY 11 MAY AT 4.00PM (WST)
FOR SALE VIA PRIVATE TREATY
BEN YOUNGER 0410 533 679
JAKE WALLMAN 0403 975 298
*approx
CAM ANSELL 0438 512 107
BEN YOUNGER 0410 533 679 MICHAEL MILNE 0403 466 603
*approx
THE PROPERT Y DE VELOPMENT RE VIE W
WANT TO ADVERTISE IN THE PROPERTY DEVELOPMENT REVIEW? CLICK HERE TO ENQUIRE
DevelopmentReady.com.au
67
STATE SPOTLIGHT
STATE SPOTLIGHT: SOUTH AUSTRALIA
INSIDE:
Eyes On: Campbelltown South Australia Auction Schedule Battery-Powered Smart Homes South Australia Listings
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THE PROPERT Y DE VELOPMENT RE VIE W
RESIDENTS
Between the 2011 and 2016 census’, the median age of Campbelltown rose from 40 to 41-years-old (SA; 40 – AUS; 38). Population itself rose by 7.15% to reach 8,156, and is spread relatively evenly across all five-year age bracket groups from 0-100. Interesting to note, is the disproportionately high number of 75+ year olds, which account for 14.9% of the total; as compared to 8.2% for South Australia and 6.9% for Australia. The suburb truly is a mix of each age demographic.
Hospital. With a significant Italian migration population, Campbelltown has also been unofficially dubbed the ‘Little Italy’ of Adelaide. In recent years, Campbelltown has been a residential subdivision hot spot for developers and investors alike, however in 2018 an issue with over-supply of townhouses had become apparent. In July of last year, the council decided to prepare a Planning Proposal, which would prohibit "multi dwelling housing" and "manor houses" in the R2 Low Density Residential Zone. The new planning proposal is to be submitted for review in May 2019. PRICE
Houses: Median house prices have experienced a steady increase over the past three years, rising 8% to $540,000. This is a dip from the peak of $560,000 in the middle of 2018; a suggested reason for this could be the increase in supply of subdivided townhomes. CULTURE Weekly median advertised rent is $400. The Lower North East Road runs through Units: Median unit prices have rethe heart of Campbelltown and delivers turned to a similar position from three commuters directly into the centre of Ade- years ago, following a dramatic peak in laide’s CBD. It also is home to a profusion September of 2017. Median prices shot of cafés, restaurants and lifestyle retail, up and held position at around $415,000 as well as the North Eastern Community for six months, before returning to around
Image Credit: Metro Prop
$290,000 in the middle of 2018. Weekly median advertised rent is $310. SIGNIFICANT PROJECTS
Ellison: Metro Homes SA are bringing nine two-storey dwellings to 51 Church Road. Currently in the registration and sales development stage, each townhouse offers 3-bedrooms and two and a half bathrooms. Aspire: Located on Chamberlain Street in Campbelltown's CBD, Aspire offers 69 modern and well-appointed apartments (a mix of one and two bedrooms) over six levels. Some apartments present stunning views across the city skyline, others offer unique private outdoor courtyards, and some hold dual balconies. Currently in construction, the project is set for completion in mid-2019 and has almost reached 100% pre-sale.
EYES ON: CAMPBELLTOWN
Situated 8.7km north-east of the Adelaide CBD, Campbelltown has enjoyed a flurry of residential demand and supply over the past decade. Bordered at the northwest by the River Torrens, local residents enjoy a number of picturesque walking trails, while other parks, playgrounds and outdoor sport courts can be found dotted through-out the area.
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AUCTION & EOI SCHEDULE
70
SALES SCHEDULE: SOUTH AUSTRALIA
299-309 Pirie Street
Adelaide
EOI
Thur 09.05.19
CBRE
View
141-151 Angas Street & 290-304 Pulteney Street
Adelaide
Private Sale
—
Colliers
View
261 Currie Street
Adelaide
EOI
Tue 16.04.19
Colliers
View
153-157 Drayton Street
Bowden
Private Sale
—
Belle Property Comm.
View
306 Glen Osmond Road
Fullarton
Private Sale
—
Belle Property Comm.
View
82 North Terrace
Kent Town
Private Sale
—
JLL
View
33 Devitt Avenue
Payneham South
Private Sale
—
Ouwens Casserly
View
200-202 Anzac Highway
Plympton
Private Sale
—
Ouwens Casserly
View
831 Main North Road
Pooraka
Private Sale
—
JLL
View
1215-1217 South Road
St Marys
Private Sale
—
Knight Frank
View
1 Oval Avenue & 4 Edward Street
Woodville South
EOI
Thur 11.04.2019
Knight Frank
View
THE PROPERT Y DE VELOPMENT RE VIE W
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SOUTH AUSTR ALIA NE WS
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ADELAIDE DEVELOPER LAUNCHES BATTERYPOWERED SMART HOMES
CONTENT SUPPLIED BY
DLH Projects is close to completing its battery-run housing development in the city's south west.
THE PROPERT Y DE VELOPMENT RE VIE W
The project will be the first of its kind to deliver a cost-neutral lifestyle with the assistance of government subsidies. The sustainable development, located in Warradale, will comprise of five, two-storey townhouses each equipped with a 5kW solar system and a 7.5kW sonnenBattery. Each sonnenBatterie has an expected lifespan of 20 years, with a 10,000 cycle 10 year warranty. Over the lifespan of each battery, homeowners can expect to save $60,000 per home which is certainly a huge incentive for buyers. DLH Projects director Daniel Harris told The Urban Developer a chance encounter at this year's Urbanity conference in Brisbane led him into sustainable development after realising the benefits for developers and buyers. “I was really inspired at Urbanity earlier this year,” Harris said. “I sat in on a workshop conducted by Chris Williams founder of Natural Solar where he explained the opportunity for developers who are seeking renewable energy solutions including battery power and home energy storage solutions.” “When working with Natural Solar to develop a custom solution for the Morphett Road development, I knew this would be an additional incentive for buyers to purchase a property and we are
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getting a great deal of interest through for this developer.” Home owners using the sonnenBatterie system under South Australia's new subsidy support will forgo paying quarterly electricity bills and instead pay a monthly administration fee. “For people interested in future-proofing their homes against grid instability and rising electricity prices, sonnen made sense,” Harris said. “The fact sonnen is also now manufacturing locally in South Australia was a deciding factor.” “Supporting companies that stimulate the local economy and growth is important.” Natural Solar CEO Chris Williams told The Urban Developer he expects solar batteries to fast become a central hub for the smart home, powering home automation and electric vehicle charger integration. “The appetite for a sustainable approach to development is here and happening right now,” Williams said. “In the current normalising property market, where point of difference is more important than ever, there's no doubt developers are best positioned when they provide buyers with what they are asking for and what the market demands.” Williams said the wide-spread interest from developers was being “completely
driven by consumers”, with inquiries for Natural Solar rising to more than 300,000 in 24 months. “No doubt, solar and battery inclusions will become the equivalent of a marble bench top upgrade for many buyers moving forward, and unlike the marble bench top, it will save buyers money and offer a great ROI,” Williams said. DLH currently have two developments in the pipeline that will also involve battery powered properties and will base the decision to implement a similar model on consumer interest. “We will certainly be looking at battery power and more renewable energy options for future developments,” Harris said. “The spotlight for new developments is on technology, integrated smart homes and how these can help consumers save money, and we know this coupled with many environmental benefits will be a huge driver for developments across the country.”
The development will help consumers save money through energy efficient practices. Image Credit: DLH Projects.
SOUTH AUSTR ALIA LISTINGS
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EOI
299-309 PIRIE STREET, ADELAIDE SA 5000 FLEXIBLE SITE WITH DUAL STREET FRONTAGES + Total site of 2,600sqm* in an outstanding location with views over Rymill Park + Z oned Capital City in the City of Adelaide allowing flexibility for future commercial or residential development (STCC) + Development up to 53m allowed with potential for catalyst site designation (STCC) + Short term holding income of $799,634pa* + Existing improvements of 3,760sqm* GLA + 0-Star NABERS Energy Rating FOR SALE VIA INTERNATIONAL EOI CLOSING THURSDAY 9TH MAY AT 4PM HARRY EINARSON 0421 747 442
MITCH CURNOW 0415 494 056
ALISTAIR LAYCOCK 0412 136 011
VIEW LISTING
property.cbre.com.au
FOR SALE
INNER METRO RESIDENTIAL DEVELOPMENT OPPORTUNITY
FOR SALE
EXCEPTIONAL PRINCIPAL GATEWAY SITE
153-157 Drayton St, Bowden, SA
306 Glen Osmond Road, Fullarton, SA
• Potential subdivision yield of 10 lots (stcc) • Land area: 2,580sqm* • Adjacent North Adelaide and 3 kms* to the city • Zoned Residential Character Precinct 66 • Character home/townhouse development opportunity (stcc) • Close to public transport
• Substantial site of 1,607 square metres* • Impressive frontage to Glen Osmond Road of 45 metres* • Improvements comprise a fully fitted restaurant with potential to repurpose for a multitude of alternate uses • High exposure location • Multi-use development options (STCC)
VIEW LISTING
VIEW LISTING
Lyndon Cocks 0438 849 650 David Buenfeld 0416 045 675
David Buenfeld 0416 045 675 Alan Lim 0404 923 695
bellecommercial.com/1267836
RLA 287133 *approx
bellecommercial.com/1050830
RLA 287133 *approx
THE PROPERT Y DE VELOPMENT RE VIE W
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261 Currie Street, Adelaide SA 5000 RARE CITY WEST DEVELOPMENT SITE
141-151 Angas Street & 290-304 Pulteney Street, Adelaide SA 5000 PRIME CBD HEALTHCARE & MIXED-USE DEVELOPMENT SITE
SUBJECT SITE
CALVARY HOSPITAL
T
JUSTIN HAZELL 0414 232 022 justin.hazell@colliers.com
VIEW LISTING
VIEW LISTING
Adelaide CBD
82 North Tce
North Tce
Ma in No rth
Rd
831 Main North Rd
Mixed use development site
Boundary indicative
Rd
Baliol St
am eh yn Pa
For sale 82 North Tce, Kent Town SA M ag ill Rd
REE
ALISTAIR MACKIE 0412 817 977 alistair.mackie@colliers.com
Adelaide CBD
Full arto n
D ST
ANGAS STREET
FIEL
E WAK
PULTENEY STREET
– Prime development site of 1,703sqm* Rd
– 2 kilometres* east of the Adelaide CBD – Impressive development potential up to 10 level (stnc) – Existing approval for a 6-storey mixed use development
For sale Roger Klem 0423 919 373 Jed Harley 0418 807 920 Tom Bailey*Approx. 0407 607 266 property.jll.com.au/302382 View listing
Medical & commercial development site For sale 831 Main North Rd, Pooraka SA
For sale
– Substantial main road corner site of 5,055sqm*
property.jll.com.au/301566
Jed Harley 0418 807 920 Tom Bailey 0407 607 266
View listing
– Development Plan Consent for a two level medical centre – 90m* frontage to Main North Rd – High exposure location with over 36,000* vehicles passing daily *Approx.
*Approx. RLA1842
Boundary indicative
Adelaide 08 8233 8888
RLA1842
Adelaide 08 8233 8888
SOUTH AUSTR ALIA LISTINGS
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APPROVED FOR 9 STOREY DEVELOPMENT
EXCLUSIVE OPPORTUNITY
SQM
1945
PLYMPTON 200 - 202 ANZAC HIGHWAY
PAYNEHAM SOUTH 33 DEVITT AVENUE The solid brick 3 bedroom home currently on the land allows the potential to lease in the short term and develop when you please.
Premium location between the city, airport and the sea, Plympton is a highly sought after suburb in the inner south west of Adelaide which sits only 5km from the CBD.
VIEW THIS LISTING
OLIVER BOWLER 0431 090 726
VIEW THIS LISTING
ROB MITCHELL 0400 855 551
MAKE IT HAPPEN™ ▪ 08 7070 6488 ▪ RLA 276489
MAKE IT HAPPEN™ ▪ 08 7070 6488 ▪ RLA 276489
OCRE.COM.AU
OCRE.COM.AU
Connecting people & property, perfectly.
1215-1217 South Road, St Marys SA.
1 Oval Avenue & 4 Edward Street, Woodville South SA.
For Sale by Negotiation.
For Sale by EOI closing 11 April at 4pm.
Garry Partington 0418 845 973
View Listing View at knightfrank.com.au
Factory/ Warehouse 1,323 sqm*
Combined site area 1,423 sqm*
/1234567
RLA 199257
Zoned Mixed Use
Garry Partington 0418 845 973
2 titles
View Listing View at knightfrank.com.au /1234567
*Approx
Buy a portion or the whole site, 4 titles
*Approx
Total site area 2,744 sqm*
RLA 199257
THE PROPERT Y DE VELOPMENT RE VIE W
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DevelopmentReady.com.au
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OPINION
According to new research from the Economist Intelligence Unit (EIU), which has explored the top 10 risks the global economy is facing in 2019, "the outlook for the global economy is worsening". With concerns surrounding key economies, including China and the European Union, the EIU has forecast global growth to decelerate from 2.9 per cent in 2018 to 2.8 per cent in 2019 and 2.6 per cent in 2020. Significant vulnerabilities are also apparent in some of the world's largest economies, including sizeable debt burdens in China, the US and Italy, among others and also within emerging markets, which are "highly exposed" to global trade and capital flows. At the top of the threat chart is the rising tension between the US and China, with the trade disputes potentially escalating "into a full-blown global trade war" and China and the US have attempted to resolve the current trade dispute. Earlier this week, the US government announced plans to suspend further increases in tariffs on US$200 billion (AUD$280 billion) worth of Chinese goods. Analysts warned that while this will avoid an escalation in tensions for now, a full-blown trade war between the US and China remains a significant risk to the global economy.
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“This owes mainly to the fact such a deal will lack the necessary enforcement measures to ensure Chinese commitment to the structural reforms demanded by US negotiators,” the EIU said. “Global trade could actually decline, with major knock-on effects for inflation, business sentiment, consumer sentiment and, ultimately, global economic growth.” The EIU identified the US’s corporate debt burden as a significant risk, potentially turning a downturn into a recession, which would “greatly exacerbate a global slowdown” with countries affected by declining US demand for goods and weakening investment. “Although we expect economic growth to slow to 2.3% in 2019 and to just 1.5 per cent in 2020, our central forecast is that the US will avoid a damaging recession in 2019-20,” the EIU said. “However, along with a number of external headwinds, such as the trade war and slowing growth in Europe, domestic financial sector vulnerabilities could make the downturn much deeper than we currently expect.” The EIU also signalled out some “already at risk” economies, including Brazil, Mexico and South Africa which could fall victim to the same currency volatility suffered by Turkey and Argentina over 2018. External imbalances, political instability and poor policymaking, led to full-blown
currency crises within the two nations. Analysts anticipate that investors could abandon emerging markets across the globe if the recent currency crises in Argentina and Turkey escalate into fullblown banking crises as the rising value of foreign-currency debt leads to defaults. “Market sentiment remains fragile, and pressure on emerging markets as a group could re-emerge if market risk appetite deteriorates further than we currently expect,” the EIU said. Another major threat was in China's shift towards looser macroeconomic policy with a risk that in the government’s efforts to support the economy, policy missteps will be made leading to "a disorderly and prolonged economic downturn". China's stock of domestic credit remains at over 230 per cent of GDP at the end of the third quarter of 2018, signalled as a major vulnerability. Other major threats included supply shortages leading to a globally damaging oil-price spike and the UK's withdrawal from the EU without a finalised agreement triggering a sharp depreciation in the value of the pound and a much sharper economic slowdown across the UK.
TOP 10 RISKS TO THE GLOBAL ECONOMY CONTENT SUPPLIED BY
THE PROPERT Y DE VELOPMENT RE VIE W
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2019 PROPERTY MARKET: EXPERTS WEIGH IN
Westpac chief economist Bill Evans on Thursday said he expects falling house prices to drag the economy, that could ultimately force the Reserve Bank to make two cuts this year. Speaking at The Urban Developer's 2019 Property Market Outlook event today in Brisbane, Macroplan chairman Brian Haratsis said he thinks the banks will keep the cash rate at 1.5 per cent for the calendar year. “But either way, it doesn't really matter,” he said. “Because what will happen is, I think credit spreads will actually increase. So, if the Reserve Bank was to reduce interest rates, mortgage rates won't come down. “The banks will retain credit spread, the banks will retain margin — so it probably won't have a big impact on the overall market outcome,” Haratsis said. Domain Research analyst Eliza Owen said the market is pricing in further cash rate cuts towards the end of 2019. “I think it’s important as to what happens in the housing market,” she said. “With the RBA coming out recently and saying that if they can't stabilise the property market, it’s going to have an impact on wages growth and employment because so many people are employed in construction and real estate. “Historically we’ve seen there have been successive cash rate cuts, and Aus-
tralian property prices have responded. That’s because when the cost of money is cheaper Australians have the tendency to borrow more money to buy housing.” CHANGING HOUSING MARKET DRIVERS
One of the most important things to understand is how the housing market has gone from depending on market forces and the cash rate, to dependence on government policy, and its impact on credit markets, explained Owens. “While housing cycles are influenced by interest rates, policy has started to have much more of an impact.” In their response to targets set by APRA Owens says banks have well "overshot" targets. “The latest banking data shows growth in investment lending is not just below 10 per cent, it’s at 1.6 per cent. “The portion of interest only lending out of total lending is down to 16 per cent.” THE PROPERT Y MARKET IN 2019
Across the major capital cities, Haratsis anticipates Sydney home prices to fall 8 per cent for the 2019 calendar year. And forecasts Melbourne house prices to also fall eight per cent. While in southeast Queensland, Ow-
ens said Brisbane was outperformed by the Sunshine Coast and Gold Coast property markets for the final quarter in 2018. However, Owens said Domain has been tracking where viewers are looking when they search for property. “Brisbane is actually, currently, the top capital city in terms of views per listing.” HOUSING A KEY FACTOR OF FEDERAL ELECTION
As Australia faces a federal election this year, The Urban Developer's Adam Di Marco says several policies impacting the housing sector, notably, negative gearing and capital gains tax are up for grabs. “The election battlegrounds of housing and property include negative gearing, public housing, infrastructure and ‘city deals’, banking reform, population and foreign investment,” he said. With news surfacing overnight that China has banned Australian coal exports, Haratsis says it's something to keep an eye on as news develops. So far RBA governor Phillip Lowe has said he doesn't expect the blocking of Australia's coal imports to have a “dramatic effect” on the economy, as it's understood the blocking could span a couple of months.
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