2019 Summer Edition|The Property Development Review by The Property Development Review By Development Ready

I N C O N V E R S AT I O N W I T H

The Deague Brothers REFLECTION

The Year in Review AROUND THE COUNTRY

National Site Listings

By Development Ready in Partnership with The Urban Developer Issue No.9 Â· December / January 2020

SUMMER EDITION

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The Property Development Review

Welcome to the Summer Edition of The Property Development Review. With 2019 coming to a close, DevelopmentReady once again reflects on another year passed. I would like to personally thank all of our clients, both new and existing for what has been an extraordinary year. We appreciate your on-going commitment and support toward the DevelopmentReady brand; and we very much look forward to a new year, with new opportunities. A big thanks also to our partners The Urban Developer for their tremendous support and input into creating The Property Development Review. Together, we look forward to bringing to you this exciting publication throughout 2020 and beyond. Have a safe and happy holiday break – stay tuned next year for future editions. Enjoy the read,

Nick Materia, Development Ready

↓ On the Cover: The Deague Brothers, interviewed on p.04.

Development Ready: The Year in Review

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In Conversation: William & Jonathan Deague

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Market Moves: 2019’s Biggest Sales

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House Price Growth Continues at Record Pace

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Q&A: Harj Uppal

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State Review: Victoria

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State Review: New South Wales

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State Review: Queensland

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State Review: Western Australia

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I N C O N V E R S AT I O N W I T H

The Deague Brothers REFLECTION

The Year in Review AROUND THE COUNTRY

State Review: South Australia

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National Site Listings

By Development Ready in Partnership with The Urban Developer Issue No.9 · Summer Edition – December / January 2020

INSIDE THIS ISSUE:

Development Ready: The Year in Review

Development Ready: The Year in Review Below we highlight some of our accomplishments from the last 12 months, as well as our predictions and outlook for 2020.

NATIONAL EXPANSION The team pushed full steam ahead with our expansion strategy and driving new business and presence within the South Australian and Western Australian markets. This has proved to be a rewarding and worthwhile venture, with a warm response received from agency groups and respective agents within both states. Within a relatively short space of time, key agencies have implemented our service as an essential component to their property marketing campaigns and we’re proud to be an influential driver of growth for them. LAUNCH OF THE PROPERTY DEVELOPMENT REVIEW In April, we launched the inaugural issue of The Property Development Review ‘TPDR’ in conjunction with The Urban Developer. Fast forward to December and we’ve since produced and distributed nine unique issues garnering tens of thousands of reads by peers and relevant industry professionals. This digital magazine has bolstered the strength and integrity of the property development sector by delivering important and pertinent news stories, insider analysises and trends, as well as interviews with leading industry experts, to a cognisant audience of developers and investors. Through TPDR we’ve also been able to offer our clients an alternative and cost-effective solution to print media advertising and allow them to showcase their sites, and any upcoming auction and EOI dates, to a comprehensive and engaged national audience. IMPROVED WEBSITE DESIGN & FUNCTIONALITY Right off the mark in 2019 we implemented a complete website redesign, which not only streamlined user experience but allowed us to cement our distinct branding and professional standing. A major overhaul of the website’s back-end has afforded clients more features than ever before, with better campaign management, customisation of listings and reporting systems. Furthermore, this update tied in with the roll-out of ‘INSTADOCS’, a new ‘Data-Room’ capability. LAUNCH OF INSTADOCS INSTADOCS is the latest significant and most powerful feature available to our Agency clients. Its data-driven technology promotes smarter Agent decision-making by facilitating the distribution of vital documentation to prospective purchasers, whilst simultaneously tracking their engagement. INSTADOCS allows our Agency clients to approve or deny user-access at their

own discretion, personalise their own address books for bulk mailouts, and create and send generic links to those outside of the DevelopmentReady ecosystem. LAUNCH OF LOCAL AREA EXPERTS September saw the launch of our ‘Local Area Experts’ – a new initiative that connects property buyers with industry experts such as architectural, town planning, builders or financial services. Through this feature industry experts can geographically target and market their services to property developers whilst they are actively viewing prospective development sites. 2019 OVERVIEW Overall activity in 2019 started slow with a lay-over from 2018’s market downturn. Amongst other factors, we saw a direct correlation between the uncertain result of the Federal Government election and the historically low volume of listings from January through May. After the unanticipated ‘miracle’ election win from the Liberal-National Coalition, and the retainment of the Negative Gearing policy, the property floodgates opened and a surge of development sites hit the market. This momentum carried through the remainder of the year with an unprecedentedly busy November and early December period. A November recovery in housing prices further supported the returning market confidence - we watched with smiles as Perth’s inner and Western suburbs achieved their first (albeit modest) overall price increase in more than a year and a half. PREDICTIONS & OUTLOOK FOR 2020 Will the momentum from the back half of 2019 carry through to 2020? We think so. Following regular contact and discussion with our agency clientele, a backlog of sites are in the preparation phase to launch at the commencement of the new year. Housing prices are also tipped to further recover in 2020, with lending restrictions also set to ease as the smoke from the Banking Royal Commission clears; we predict a healthy appetite for development site opportunities and increased competition for acquisition.

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In Conversation: William & Jonathan Deague

The Deague Group is a 160-year-old integrated property development company. Their long and illustrious history positions the Deague family as true pioneers as well as modern-day innovators within the Australian property development arena. Now firmly guided by its fifth generation, this family-operated business continues to be highly acclaimed and lauded across the property industry. Trailblazing brothers William and Jonathan respectively hold the CEO and MD roles with their father and industry doyen, David as Chairman. While possibly best-known for their highly original Art Series Hotels, the Deague Group has numerous innovative and large-scale developments that keep it at the forefront of modern residential and commercial projects. In addition, their property development activity is complemented by a collection of businesses including real estate, office management, work spaces and car parking We recently sat down with dynamic brothers William and Jonathan to explore how their family operation has sustained its commercial success. The following is an excerpt of their recent video interview.

In Conversation: William & Jonathan Deague Deague Group

The Deague Group has a long history in Australian property, can you tell us a little bit about how it all started? (William) William H. Deague, our greatgreat-grandfather, migrated to Australia in 1867 and started out in what was formerly known as Sandhurst, but we know today as Bendigo, during the Victorian gold rush. He was of notable renown and influence in the area and was even one of the original founding members of the Master Builders Association. And today his legacy continues through the two of you? (William) Absolutely, the business remains and always has been a family-operated business. Our father took over from his father and weâ&#x20AC;&#x2122;ve all but completely taken over from him. Everything that is learnt has been passed on to the next generation and weâ&#x20AC;&#x2122;re incredibly fortunate to have that legacy and wealth of experience and knowledge granted to us. Did you go down any other career paths, or were you eager to jump into the family business? (Jonathan) I initially went to university; however, I was keen to enter the workforce quickly and so traded my student card for my real estate licence and joined Dad at Deague Group. I basically then became his shadow, trying to absorb every bit of knowledge from meetings, interactions, site visits etc. After trying out a range of areas, I found my strength and interest in sales and marketing â&#x20AC;&#x201C; more the operations side of the business. It was pretty soon out of high-school and so the learning curve was steep, but it was a well-rounded and invaluable experience.

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↑ William & Jonathan Deague. Click to Play Interview.

(William) It’s a similar story for me too. I don’t think that it was ever thought that we wouldn’t join the family business. I can remember when we were 13 or 14 years of age, spending our summer holidays helping shovel dirt on sites in Queensland. We were primed for it from an early age but all that early physical experience really has fed our broad understanding and capability today. Has the business changed since you both have taken on more senior roles? Are you still pursuing the same style of projects? (William) Over the past 20 years, we’ve been very busy and have taken on a lot more risk than normal, but this is a result of our ambitious personalities – and it’s paid off too. One project that stands out is the Art Series Hotels which we started 10 years ago and left two years ago. That was a very good property play, as we don’t think of ourselves as hoteliers, but our involvement and execution was strategic. We’ve also stepped up our apartment projects in the past five to seven years, with a couple of thousand apartments in Brisbane, Adelaide, Box Hill and West Melbourne. And Jonathan you handle the operations side of the business, does your workload correspond with William’s? (Jonathan) Yes, it definitely does; it has been a busy time on my side too as marketing and sales flows on from any project we develop. We’ve grown our real estate business and

currently have around 1,000 property managements. We also started our serviced office business around 20 years ago and this has also seen a big lift in the past couple of years; we’re currently sitting at around 98% occupied in the assets we own or manage. What motivated the move into the serviced office sector so early, before the more recent flood of organisation such as WeWork? (Jonathan) Firstly, it was there to fill up some ground floor space and help activate the building. Secondly, it helped grow the business within our company. A client might come in on a one-person office, then they might move to take a long-term lease in the building, or they might move up to buying an office. As their business grows, they feed us as well. Going back to the Art Series Hotels, what lead you into that space considering you don’t consider yourselves hoteliers? (William) We bought an old hospital in Preston in the year 2000 and it was a huge space that we converted into 850 units. To fill all of these, we started creating different hotel brands positioned at different tiers; budget, mid-tier, high-end, student accommodation etc. It was a good experience and we learnt a lot out there. Then we were inspired by some work overseas, in particular by Ian Schrager who was responsible for Studio 54 among many other things. He was the first one to do boutique hotels properly.

Nothing was being built in Australia like what he was doing in America – so we decided to run with it. In the space of six months, we opened three hotels on three different sites around Melbourne. We did everything; came up with the brand, the concept, did the builds – and thankfully it seemed to work. But they were still a strategic real estate play. We bought them at the right level, and we sold them at the right level. We sold the freehold to investors and then Mecure Hotels knocked on our door two years ago and wanted to buy the business – we were happy to exit. We did have one hotel in Brisbane that was yet-to-completed which we kept ourselves and we still manage that. Can you run us through how you came up with the brand, plan and strategy and how you executed it as well as you did? (William) We took a lot of inspiration from what was happening overseas and identifying aspects that weren’t yet in the Australian market. But the journey and the plan itself was catalysed by our concern with cash flow. I think that every developer at some stage experiences the ups and downs of market cycles, so we asked ourselves how we could combat this. For us the obvious place to start was cash flow and the Art Series was born as a solution to help smooth those ups and downs. Continued on Next Page →

In Conversation: William & Jonathan Deague

Are you seeing any opportunities in the current market? (William) If a site came up for sale in the city with an old permit for residential development – we’d buy it tomorrow. We’ve got a lot of confidence in the apartment market and I’ve been singing from the rooftops for years that we’re about to enter one of the biggest periods of apartment undersupply ever. Population is going up and cranes are coming down. (Jonathan) We also see substantial opportunity in the affordable housing sector. If you look at St Kilda at the moment, there’s fair bit of apartment development but it’s mainly in the luxury space and that doesn’t assist population growth. As a general rule, we aim to appease the masses and deliver liveable, well-designed one-bedroom apartments, not penthouses. What fundamentals do you look for when buying and developing residential sites? (William) We look for good prices and the potential yield, and I think that we’ve always done this well. For example, at our

↓ 101 Moray Street, South Melbourne.

Box Hill site, we paid $12.8 million and obtained a permit for 650 apartments, which worked out at around $16,000 per apartment. Half the profit is in the way you buy. Are there any technologies or innovations that have changed your operations? (William) Jono’s very innovative and recently came up with an idea to offer a very luxurious Mercedes Sprinter as a free commuting benefit for the tenants of our six-building development in Moray Street, South Melbourne. The van will have a driver and perform continuous loops going from the apartment complex, into the city, past Kings Business Park and back again. (Jonathan) We’re also investing in apps and technology to improve the accessibility of the commercial tenants at our South Melbourne site. For example, you can track the Mercedes Sprinter van on your phone, and you can even enter the building with a simple shake of your phone at the door. As technologies and amenities improve, are tenants demands evolving too?

(Jonathan) Absolutely, and this has been a big focus here at Deague. We’ve just taken over 25% of the carpark in South Melbourne to install a fully functioning health club with all the bells and whistles. We also put on monthly events for the tenants. But these are now becoming standard features of any modern apartment and commercial complex. So, we’re looking at how we can go beyond that and reach the next level. How do you see the market evolving through 2020? (William) It’s looking strong. Debt is cheap and yields still have a little bit more to go; compared to overseas yields are still very attractive. I also think that we’ll see more and more money coming out of Asia which will prop up our housing market. Rental is going to be very strong for residential too. I think we’re looking at a very promising few years ahead. And what does next year, and further into the future, look like for Deague Group? (William) Well our family business has been around for over 150 years and with

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that comes a certain level of stability. But during our tenure over the past 25 years or so, it’s been incredibly busy. We’ve got a number of projects that will reach completion phase in early next year and so will have more capacity to pursue new projects. With the lifting market, we’ll be scouring new development sites which we’re expecting to come online early in 2020 and we’ll be filling out our pipeline for the next few years. We’re both young and very ambitious, so we’ll be keeping busy as normal, looking for new opportunities and ways to grow not just the business but our business intelligence too.

We’re about to enter one of the biggest periods of apartment undersupply ever. William Deague, Deague Group

Interview by Rob Langton, Development Ready

Market Moves: 2019's Biggest Sales

Market Moves: 2019's Biggest Sales Victoria Charter Hall and Canada’s Public Sector Pension Investment Board came together to acquire the 47-storey, A-grade CBD office tower at 242 Exhibition Street, in an off-market transaction worth $830 million. The tower retained 100% occupancy by Telstra and underwent a $67 million upgrade to the lifts and base building areas before the sale. But this impressive sale wasn’t the only CBD and CBD-fringe tower to make waves through the year as the GPT Wholesale Office Fund took 100% ownership of their Southbank office tower, at 2 Southbank Boulevard, securing the remaining half share for just over $326 million from Frasers Property Australia. 595 Collins Street, a 20-storey dual-connected tower spanning 3,778sqm with three ground-floor shops and 145 basement car spaces, also traded hands, moving from South Korea's National Pension Service to Hong Kong investor Foo Hang Jewellery for $314 million. While Boston-based AEW Capital Management stumped up some $200 million for a 22-storey office on a corner site at 31 Queen Street. In the suburbs, Dahua Group paid $140 million for a 98.4-hectare site at 688 Aviation Road, Point Cook. The large site neighbours a 96-hectare block at 640 Aviation Road, which the property group purchased for $52 million in 2016. Melbourne’s suburban office assets also proved a hot commodity, particularly in the south-east, with Singapore property giant Ascendas REIT picking up a new eight-level Mulgrave office building, set for completion in mid-2020, for close to $111 mil-

lion. The development spearheaded by a joint venture between Asia-based real estate platform ESR and Frasers Property, and will serve as the new national headquarters for carmaker Nissan. Frasers Property Australia had a considerably good year in the industrial sector, picking up a 41.3-hectare industrial development site in Dandenong South for around $80 million; this follows its $40 million acquisition of a 63.4-hectare block in Epping late in 2018 – where it is also proposing an industrial park. Another major suburban office deal made news with Melbourne's Zagame family agreeing to $55 million for a Hawthorn building currently leased to Swinburne University. The four-storey building was originally held by Sydney-based investment firms Trumen Corp and Bricktop Group, who paid $37 million for it in 2015. Large shopping and lifestyle centres also had their fill with Woolworths selling a 26.47-Ha land parcel adjacent to the newly built Mernda Train Station for $51.5 million. Primewest added the Geelong Gate Lifestyle Centre in Corio to their Third Diversified Income Trust for $44.25 million. While a local family picked up the Highpoint Lifestyle Centre in Maidstone for $25 million. Newmark Capital also splashed out $51 million on a yet-to-be-completed large-format retail centre in the regional Victorian town of Warragul.

New South Wales Charter Hall was busy around the nation, and in Sydney they partnered with Abacus to purchase 201 Elizabeth Street CBD tower for $630 million. The partnership

comprised of a 68% and 32% split respectively. The Charter Hall Retail REIT also dived into the Rockdale Plaza, spending $142 million and receiving 21,000sqm of lettable area and 907 car parks in return. Yuhu Group finally settled on the $380 million acquisition of the six-hectare Bakehouse Quarter site in North Strathfield. It bought the property from BlackWall in mid-2017 then exercised extension options to finalise the purchase. The property has long-term potential to be replaced with a new township with an end value of about $1 billion. Stockland secured the remaining 50% share of Sydney’s Piccadilly Centre from Oxford Properties for $347 million. Simultaneously, Stockland sold off its half share of the nearby 135 King Street and the Glasshouse shopping centre for $340 million. In more Glasshouse, but this time in Macquarie Park, Charter Hall signed off on an off-market property, securing two 50% stakes in the Macquarie Park Glasshouse office building for a total of $331.3 million. Each share was purchased by two different Charter Hall trusts/funds. The new acquisition was sold with a pre-commitment to the NSW Government on a 12-year lease. Another of Sydney’s biggest CBD office tower deals of year arose from the trading of the Central Square complex trading hands to global fund manager LaSalle Investment Management for $325 million. North Sydney continued to blossom through the year, with developer Billbergia securing a buyer for the hotel component of their 48-storey mixed-use tower for $202 million. The 252-room hotel is expected to be completed in 2021 in what will then become North Sydney’s tallest tower. Stockland was also stalking around North Sydney, picking up two office towers for a combined $121 million. The towers adjoin Stockland's existing building at 110 Walker Street and provide a total 2,300sqm

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redevelopment site close to the future Victoria Cross metro station. Parramatta asserted itself as a hot ticket on more than one occasion with Centuria's A-grade Wentworth Street office tower trading to Singapore-based SC Capital for $105.3 million. Wentruth Pty Ltd, another Asian investor and new entrant to the Australian market, moved into the western district capital with an $80 million acquisition of a six-storey office building in Parramatta's CBD. Raffles Education bought the property in 2014 for $29 million and have been looking for a buyer since their only campus closed earlier this year. Offices and hotels continued making news in and out of Sydney’s central area. In Darlinghurst, an office property sold to Melbourne-based commercial property investment group Marks Henderson for $92.75 million. The first transaction to be made via a NSW court-ordered strata renewal collective sale saw the Seasons Harbour Plaza serviced apartment hotel, at 252 Sussex Street in Sydney, settle for around $81 million. The Novartis Building in Macquarie Park was sold to funds manager RF Corval for around $62m. An office strata block at 270-272 Pacific Highway in Crows Nest was picked up by Chinese-backed investor China Venture for close to $60 million. And the Redcape Hotel Group recently parted with the St George Hotel in Sydney's south-west suburb of Belmore for $47.1 million.

Queensland Private Canadian investor Quadra Pacific sold their Brisbane office tower at 288 Edward Street for $115 million in a joint venture purchase involving US real estate investment management firm Heitman and Marquette Properties. Another Edward Street asset, this time at number 171, sold to Dexus in an off-market transaction worth more than $80 million . The asset was sold with an approved permit for an 81-storey, 274m tall skyscraper encompassing 642 apartments and a number of shops, however it was speculated that Dexus will proceed with a commercial tower instead. Brisbane's office market enjoyed a steady recovery after 25 Montpelier Road in Bowen Hills traded to Centuria for $65.4 million, with the new owners stating that they have strong expectations for Brisbane office growth to "ramp up in the next six to 12 months".

Hotel mogul Dr Jerr y Schwartz picked up a Gold Coast hotel at a significant discount after developer Ralan Group went into administration in August. Paradise Resort, a 360-room family-oriented hotel in Surfers Paradise, settled for $43 million , just four years after Ralan Group paid $75 million for the site. A 14-storey office building located at 420 George Street in Brisbane’s legal district has sold for just over $42 million to Dymocks Properties and saw an over double return for previous owners, Melbourne’s Forza Capital, who purchased the property in 2015 for $20 million.

the sales revealed that demand for industrial assets at a time of low stock, was pushing investors beyond the core east-coast markets. After 66 years of operation, Coca-Cola Amatil sold its historic Thebarton (former) bottling site to Australasian Property Developments (APD) for $37.3 million. The new owners have long-term plans to redevelop the 3.5-hectare Port Road site into a mix of commercial and residential uses. The sale also included two nearby smaller sites.

Western Australia South Australia Lendlease sold their half share in Adelaide's biggest mall, Westfield Marion , for $670 million to a property trust

sponsored by Singapore Press Holdings at a discount of more than 9% of its book value. It was a sale that was eagerly watched by the national market, with many seeing the result as a benchmark for the valuation of major malls across Australia. Lendlease did however receive far above the expected price of $115 million for their A-grade Flinders Street office and carpark property in Adelaide’s CBD, securing a sale to Centuria Capital Group for $127 million . Singapore-listed property trust, Suntec REIT, snapped up the Allianz Centre in Adelaide for $148.3 million . The sale was the fifth Adelaide office tower to sell for over $100 million in close to 12-months, highlighting the growing appetite for commercial assets in this central precinct. The 12-storey A-grade tower was previously owned by private syndicator Arc Equity Partners who secured it for $81 million in 2011. Renewed activity continued across Adelaide’s CBD with Real I.S. Group’s successful acquisition of an A-grade tower at 100 Waymouth Street for $85 million . And Charter Hall snapping up a central, city office from Blackstone, this time at 121 King William Street , for $82.25 million . Investec Australia Property Fund struck a deal to secure three industrial assets in Gillman (SA), Welshpool (WA) and East Arm (NT) from Charter Hall’s Prime Industrial Fund for a combined $81 million. JLL's Australia head of capital markets, Tony Iuliano, noted that

Ahead of its planned $255 million public listing, ASX-listed Elanor Investors Group agreed to two separate acquisitions; one at 200 Adelaide Street in Brisbane and one at the A-grade WorkZone commercial building in Perth’s CBD. The fund already owns 51% of the Perth property, which it bought for $125.25 million in 2018. There was more activity in the western capital’s central business district, with a seven-level A-grade office building at 226 Adelaide Terrace in Perth's eastern CBD precinct trading from American private equity giant Blackstone to Primewest for $86 million . An office tower at 66 St Georges Terrace, formerly belonging to Canada's Oxford Properties, also sold successfully for $72 million . Retail and shopping centre movements weren’t just isolated to the east coast, as the unlisted Charter Hall Direct Consumer Staples Fund secured a Bunnings-anchored retail centre in Claremont in an off-market deal worth $35 million and a neighbourhood shopping centre in Alkimos traded to a private local investor for just over $34 million .

Woolworths also divested its self-anchored Banskia Grove shopping centre in Perth’s north for $27.28 million to a private Singapore-based investor. The iconic Subiaco Hotel in Perth was also put up for sale, the first time in over 50 years, reaching settlement in a quiet deal speculated at over $10 million.

Text by Jack M. Gaffney

National News By:

House Price Growth Continues at Record Pace Residential property prices rose 2.4 per cent in the September quarter 2019 according to official figures released on Tuesday, the strongest quarterly growth since 2016. After almost two years of tumbling prices of between 10 and 15 per cent in Sydney and Melbourne, the housing market has turned a corner thanks to the help of three cash rates cuts — now sitting at a record low of 0.75 per cent. In tandem the Australian Prudential Regulation Authority loosened lending restrictions that had required banks to assess all borrowers against their capacity to repay the loan at 7 per cent. The market has reacted strongly with values just 3.7 per cent lower than they were just 12 months ago across capitals and competition noticeably increasing among home buyers across the country. House prices in the country's two biggest cities continued to experience a sharp uptrend over the September quarter with many dormant buyers taking advantage of lower prices. Sydney and Melbourne residential property prices recorded strong growth in the September quarter

2019 with both cities seeing a 3.6 per cent increase. Hobart saw an increase of 1.3 per cent with Brisbane values lifting 0.7 per cent. Meanwhile, Perth and Adelaide both saw declines. The positive outlook has been reinforced by the weekend's auction clearance rates in Sydney of 79 per cent, a 47 per cent rise on the same time last year. In Melbourne clearance rates hit 74 per cent, up 45 per cent on the previous corresponding period. Moving forward, Moody's Analytics expects Sydney house prices to jump 7.7 per cent next year and a further 7.6 per cent by 2021. Melbourne is tipped to rack up 7 per cent growth next year and another 7.8 per cent in 2021. Strong population growth, a shortage of supply, and a kick back in home prices could also reignite the construction downturn which contracted for a 15th consecutive month in November. According to the Commonwealth Bank of Australia, the continued decline in housing construction — with falling approvals pointing to further declines in activity ahead — will cause an undersupply of housing from late-2020.

↖ Image: The Urban Developer

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State Review: Victoria

Most Searched Victorian Suburbs on Development Ready for 2019 1. Brunswick 2. South Melbourne 3. North Melbourne 4. Kensington 5. Williamstown 6. Greensborough 7. Windsor

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PRICES Victoria is experiencing a period of renewed opportunity and confidence. After a two-year struggle following the peak of 2017, the housing markets are experiencing a welcomed uptick in activity; there’s change in the air. Melbourne saw a 2.4% rise in housing prices over the last month, with a 5.7% rise over the last quarter. Units rose 2.0% and 5% over the last month and quarter respectively. On top of this, the average selling time of a Melbourne home is at 32 days, one day down from this time last year; vendors’ discount rates have also fallen from the same time last year, dropping on average by 0.5 points from 4.9% to 4.4%; and auction rates are on the rise with new vendors looking to capitalise on improving conditions. The recent quarterly pick-up however, is significantly more noticeable in the inner and middle ring suburbs, while the more cost-effective, outer ring neighbourhoods are expected to follow in their wake through early 2020. ACTIVITY Development activity started slow in Melbourne causing a ripple effect that resulted in fewer properties listed and a decline in buyers. Advisors and commentators who purported that a period of dire straits was to come, began to smirk a not-so-subtle “I told you so”. However, while tough times did come to pass, the market stabilisation for Melbourne returned sooner than their expectations. Following the results of the national election, as well as some relaxed credit restrictions, first-home buyers have stepped into the ring looking to secure their slice before property values rise again. Equally, astute developers and investors have been able to plan out their pipelines with the acquisition of under-valued assets. Affordability and accessibility boosted demand in regional towns too and pushed Ballarat among the top performing regional towns in Australia; on average, houses sold within 33 days there, compared to the 90day national average for regional districts. Melbourne CBD also recorded the lowest vacancy rate amongst all national CBDs at just 3.3%. As tenants fought for remaining space, net face rents were inevitably pushed up and rental growth for 2019 was strong. Developers who saw this coming have been active in securing sites resulting in the highest sales volumes of the past 10 years, in the 12-months to September 2019.

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TRENDS The short supply that remained as a layover consequence of the slow first half of 2019 has contributed to increased demand as competition is renewed among buyers. Melbourne’s suburbs are continuing to out-price many home-buyers and this is causing heads to turn to Geelong, Ballarat and Bendigo as alternatives; housing and price growth out in these regional cities is yet to be fully realised. They are also supported by state government initiatives which will see the relocation of government jobs, as well as incentives such as payroll tax breaks offered to private companies who make the regional transition. Regional opportunities have also been revealed along the coastal stretch between Torquay and Lorne. Regarding the latter in particular, house and unit prices fell by 7.9% and 9.9%, respectively, after a three-year positive streak.

2020 PREDICTIONS Melbourne is regarded as one of the fastest growing major cities of the developed world. The next four years are going to see the population increase by 10%, with much of this fuelled by overseas migration. We’re anticipating a prosperous 2020 in the Victorian state capital, with astute property firms cementing their longterm plans and regional growth starting to become a bigger focus. First home buyers will remain keen to capitalise on improving market conditions, and those priced out of the central CBD will begin to look at outer ring towns with good public transport and road linkage. The areas surrounding Sunshine, Box Hill and Cranbourne are all well placed for the next year. Further out, we expect Bendigo, Ballarat and Geelong to continue to prove their value.

Experts Corner

Industry leaders with invaluable experience & capability.

Matthew Maher Build It Services

Adam Gringlas Jadig Finance

John Scaramuzzino Bruce Henderson Architects

Luke Chamberlain Tract Consultants

Founded by Matthew Maher in 2014, Build It Services is a specialist consulting firm in the property development and construction sector. We offer support, expertise and advice across a range of disciplines to ensure that your projects are streamlined, stay within budget and are delivered on time. Our extensive, nation-wide experience affords a unique and current perspective, which has proved invaluable to our clients in this rapidly evolving industry. We untangle the mess, explain the confusing and uncover the best practices, saving our clients stress and money. We’re your guide through and through.

Jadig Finance is a boutique financial services company. We specialise in providing tailored funding solutions for our clients. We have access to a deep pool of capital and are experts in the origination, risk assessment and structuring of construction and investment property debt facilities. We have deployed over $200 million in over 80 individual finance transactions and specialise in Investment and Development Finance loans ranging from $250,000 to $20,000,000. Adam Gringlas is a Director of Jadig Finance and is responsible for all new and existing finance arrangements. Adam has been a Chartered Accountant since 2013, holds a Graduate Diploma in Property and has extensive property and finance experience spanning 9-plus-years.

Bruce Henderson Architects was established in 1977 and is one of Australia’s leading architectural firms with extensive international experience. BHA’s reputation for innovative design solutions is balanced by a practical approach that delivers enduring, sustainable architecture of quality. Bruce Henderson Architects and Bruce Henderson Interiors have a highly valued, loyal and dedicated client base. Within both Architecture and Interior Design, the firm has an enviable wealth of experience and pride itself in the ability to add value to client’s investments through commercially astute and creative project solutions.

As planners and designers our charter is to deliver sustainable and memorable solutions, shaping places for living, leisure and work, and the infrastructure that supports and connects these places. We do this by harnessing the strength and diversity of our collective expertise. Our comprehensive planning and design services, and the scale and pedigree of our practice provide the capacity to address projects of all scales and complexities. After 40 years of practice, we continue to evolve so that we shape contemporary thinking, working in partnership with our clients to deliver compelling solutions. This is because technology, community aspirations and responsibilities to the local and global environments do not remain static.

W. builditservices.com.au P. 0402 831 526 E. matt@builditservices.com.au A. 18 Sandpiper Close Pakenham, VIC, 3810

W. jadigfinance.com.au P. 9393 3790 E. adam.gringlas@jadig.com.au A. Level 1, 40 Toorak Road South Yarra, VIC, 3141

W. bh-architects.com P. 9860 4000 E. jscara@bh-architects.com A. 162 Toorak Road South Yarra, VIC, 3141

W. tract.com.au P. 9429 6133 E. lchamberlain@tract.net.au A. Level 6, 6 Riverside Quay Southbank, VIC, 3006

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Auction & EOI Schedule

Your list of Victorian development sites for sale. Click on the link to view the listing.

11 Ian Crescent

Airport West

Barry Plant Moonee Valley

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579 Orrong Road

Armadale

Abercrombyâ&#x20AC;&#x2122;s Real Estate

View

10 Nelson Road

Box Hill

CBRE

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26-28 Woyna Ave

Capel Sound

Barry Plant Rosebud

View

29 Madeleine Road

Clayton

Ray White Oakleigh

View

28 Tram Road

Doncaster

@Realty - Wayne Hutchinson

View

702-704 Norman Street

Invermay Park

Doepels Lilley & Taylor

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46-48 Wills Street

Kew

RT Edgar Toorak

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17 Pine Street, Lilydale

Lilydale

Max Brown

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14-16 Williamson Road

Maribyrnong

Gross Waddell

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106 Bell Street

Preston

Teska Carson

View

1-3 Third Avenue

Rosebud

Barry Plant Rosebud

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47 Woodvale Grove

Rosebud

Granger Estate Agents

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7 Foundry Road

Sunshine

Gross Waddell

View

Corner Boundary Road & Tarneit Road

Tarneit

Morris Property Network

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136 Parker Street

Templestowe

The One Real Estate

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24 Sunhill Road

Templestowe Lower

@Realty Melbourne

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147 Stud Road

Wantirna South

The Avenue

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Victorian Listings

E S O L C I EO

1-3 Third Avenue, Rosebud VIC 3939 Front Row Seats with Loads of Options. – A highly desirable 800m2 absolute front row site with plans and permits approved for 4 architecturally designed townhouses. – The opportunity to separate 2 individual lots, one with an existing re-furnished 3 bedroom 2 bathroom home. The other vacant to build as you desire. – Opportunity to separate 2 lots remove the existing home and build new single dwellings on both. – Separate 2 lots and re sell both. – Retain the lot with the dwelling to renovate and re-sell remaining lot.

Please contact us to obtain more information. Craig Leo – 0412 502 938

Click to View Listing

The Property Development Review

26-28 Woyna Avenue, Capel Sound VIC 3940 On-site Auction Saturday 25 January 12:30pm 1,860 SQM of Sub-Dividable Land – Located 1 street back from the beach & set on just shy of 1/2 an acre (1860m2) of prime Mornington Peninsula Subdividable land. (S.T.C.A.). – Offering a one owner weatherboard home with tennis court, double garage & electric gates. – Currently tenanted @ $420 pw, with a long term tenant.

Please contact us to obtain more information. Craig Leo – 0412 502 938

Click to View Listing

11 Ian Crescent, Airport West VIC 3042 Approved Town Planning for 10 Townhouses Overlooking Parkland A boutique development of ten townhouses with easy access to necessary amenities including direct access to parkland (AJ Davis Reserve), bike track, in close proximity to St Christopher’s Primary School, Penleigh and Essendon Grammar School and local shops and providing easy access to freeways. This opportunity is not to be missed as it offers: – Town planning permit for ten architecturally designed townhouses by DKO Architecture. – 7 X three bedroom residences, 1 X four bedroom residence and 2 X two bedroom residences . – Site area of 2559 sqm approx.

Please contact us to obtain more information. Walter Mahch – 0402 989 300

Click to View Listing

Victorian Listings

29 MADELEINE ROAD, CLAYTON VIC 3168

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24 SUNHILL ROAD TEMPLESTOWE LOWER VIC 3107

MOVE IN, INVEST OR DEVELOP Whether you are looking to occupy, invest or redevelop, this classic family home on a massive block of approximately 914m2 is packed with potential. Walking distance to Monash Medical Centre, Monash University, Clayton Shopping Plaza, Clayton Train Station, bus transport and Fregon Reserve, this fantastic location is combined with a large, flat rear yard to add an enticing opportunity for new development (STCA). View Listing

raywhite.com

PERMITS APPROVED FOR 3 PREMIUM RESIDENCES An illustration of prestige is outlined in the plans and permits for three, double-storey residences approved for this 864sqm approx. rectangular allotment, presenting the high-end developer or builder with an exceptional opportunity to make their mark and commence immediate construction.

MARKO GHATTAS - 0403 170 130

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579 Orrong Road 5

Cnr Boundary Road & Tarneit Road Tarneit VIC 3029

Approved plans and permits for four dynamic designer townhouses accompany this allotment of some 413m2, strategically situated to make the most of all the lifestyle advantages for which Armadale is so widely recognized and highly regarded. Put grand plans into action and reap the great rewards that will follow.

Morris Property Network and 361 Real Estate are proud to present a truly unique opportunity in the thriving growth corridor of Melbourne’s West.

View: By appointment

Situated superbly on the corner of Boundary Road and Tarneit Road, these four blocks totalling 41.65 acres (approx.) have the potential for an exciting mixed-use development of retail, commercial, light industrial, food service, petrol station and more all in the one land holding.

EOI: Closing Tuesday 17th December at 5.00pm Contact: Jack Richardson 0488 336 929 Sam Goddard 0448 870 454 Office 9864 5300

abercrombys.com.au

Michael Morris – 0409 770 741 Claudia Morris – 0450 696 602

The Property Development Review

147 Stud Road Wantirna South VIC 3152

APPROVED PLANS & PERMITS FOR 10 x TERRACE STYLE HOMES!!

This stunning Boutique development with approved plans and permits is designed by renowned Jesse Ant Architects, offering 3 levels of quality with on grade car parking, no basement. The plans consist of a mixture of 2 & 3 bedrooms’ option with open kitchen, meals and living areas and secure parking for all residences. Call Robert Fidanza on 0432 820 277 Click to View Listing

47 WOODVALE GROVE ROSEBUD VIC 3939 PLANS, PERMITS & PROFITS – 3 AESTHETICALLY ‘RIGHT’ DESIGNED TOWNHOUSES Rarely does someone else do all the work then say to you, 'Here, you reap the rewards'! However, this developer is committed elsewhere and is keen to move on to other projects.

CONTACT FOR FURTHER INFORMATION: MIKE O'NEILL 0428 548 201

CLICK TO VIEW LISTING

14-16 Williamson Road Maribyrnong, VIC 3032

Private Sale PREMIUM PERMIT APPROVED MIXED USE DEVELOPMENT Danny Clark — 0448 066 889 Ed Wright — 0421 213 021 Andrew Greenway — 0409 547 626 Andrew Waddell — 0419 400 991

In conjunction with:

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Victorian Listings

106 Bell Street, Preston VIC 3072 SUBSTANTIAL LANDHOLDING WITH HUGE UPSIDE Adrian Boutsakis — 0433 138 768 George Takis — 0403 259 559

For Sale: 702-704 Norman Street, Invermay Park VIC 3350 FUTURE MEDICAL SUITES (FOR SALE/LEASE) – PERMIT APPROVED This is a very prominent corner location opposite Northway shopping facilities, Terry White Chemmart Pharmacy, public transport and just moments from the Ballarat CBD, Stockland Shopping Centre, Hailey House Hostel and Stockland Midlands Terrace Retirement Village. • • •

7 Medical Suites Allied Health Rooms Treatment Rooms

• • •

23 Car Parks Storage areas Reception areas

Robert Cunningham 0418543634 VIEW LISTING

– – – – – – – –

Land Area: 3890m2 approx. Combined Build Areas: 1000m2 approx. Zoning: Industrial 3 Short term holding income Sought after Bell Street address Suit industrial park redevelopment or ideal owner-occupier yard Neighbours include NAB, Total Tools, Nick Scali, Anaconda, Office Works and Harvey Norman Located minutes from Northland & 9kms from Melbourne CBD

Click to View Listing

The Property Development Review

For Sale: 17 Pine Street, Lilydale VIC 3140 PLANS AND PERMITS FOR 9 UNITS Plans approved for 9 boutique townhouses, appealing to the buoyant first home buyer market. Situated in the established suburb of Lilydale - the gateway to the Yarra Valley. The site is set at the end of a no-through road, in the absolute heart of Lilydale with a view over the township to the Yarra Valley. The site has been cleared, the working drawings are completed - this could be your next project for 2020.

Tony Smith — 0411 424 964 Joe Anto — 0448 248 168

CLICK TO VIEW LISTING

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7 Foundry Road, Sunshine VIC 3020

Private Sale In conjunction with:

Andrew Greenway — 0409 547 626 Andrew Waddell — 0419 400 991

PERMIT APPROVED 13 LEVEL DEVELOPMENT IN SUNSHINE’S ACTIVIT Y CENTRE – – – – –

Permit approved offering in excess of 13,000sqm NSA* Designed by renowned CHT Architects Substantial landholding of 3,984sqm* Only 12km’s from Melbourne CBD May suit other uses including build-to-rent, aged care, commercial and more (STCA)

Danny Clark - 0421 213 021 Ed Wright - 0448 066 889 *Approx.

Victorian Listings

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FOR SALE: 136 PARKER STREET, TEMPLESTOWE VIC 3106 VIEW LISTING

Tony Kwan – 0422 876 886 Sam Shum - 0423 213 961

28 TRAM ROAD DONCASTER VIC 3108 APPROVED PLANS AND PERMITS FOR PENTHOUSE AND APARTMENTS WAYNE HUTCHINSON - 0424 370 940

46 & 48 Wills Street, Kew VIC 3101 Over Half A Hectare with Planning Permit Prime development site totalling approximately 5,297sqm with town planning permit for 6 lot subdivision adjoining Yarra Bend Park with spectacular city skyline and park views, with a desirable 118m frontage to Wills Street, and preferred northern rear orientation allowing a multitude of additional built form possibilities (STCA) and all new homes / townhouses having their own street frontage. Superbly positioned in a beautiful tree lined avenue in one of Melbourne’s premier inner eastern suburbs in close proximity to local cafes, restaurants and shopping precincts, Yarra Bend park and Yarra Bend golf course

View Listing

Mark Wridgway — 0419 510 777

The Property Development Review

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 Review: New South Wales

Most Searched New South Wales Suburbs on Development Ready for 2019 1. 2. 3. 4. 5. 6. 7.

Cronulla Byron Bay Maroubra Castle Hill Dee Why Double Bay North Sydney

The Property Development Review

PRICES The Sydney property market is enjoying one of the quickest turnarounds it has seen in decades. As a result of the calm that settled following the Coalition government’s election win, Sydney home values have recovered 5.3% of the 14.9% market correction and are now siting relatively close to their 2016 values. With the rise expected to continue, and if it does so with the same rate, we could see values exceed previous highs by the middle of next year – an exciting thought. The average selling time of Sydney homes is down from 44 days this time last year to 38 days. Vendors are also discounting their properties less, with an average of 4.4% compared to 6.2% 12-months ago. City-fringe suburbs have seen slight improvements to their median house prices; Surry Hills for example recorded $1.49 million in March and $1.635 million in October. ACTIVITY Nationally, property values recorded the fourth consecutive month of growth in October, and New South Wales is eager to reclaim its crown as Australia’s best-performing market. Due to concerns regarding construction standards, many investors have chosen to abandon and steer clear of the off-the-plan apartment sector. This may cause significant headaches for those who purchased a few years ago and are now struggling with valuations that come below contract price upon completion. The New South Wales government, however, has passed changes to the Convey-

→ Image: Development Ready

ancing Act, in efforts to protect the future of off-the-plan purchasers in the state. The recent changes impose stricter requirements on developers regarding disclosures, cooling-off periods, holding of deposits, and sunset clauses, particularly concerning off-theplan purchases. Sydney public transport was also a focus for the Government in 2019, with 2020 set to benefit wholeheartedly. The Metro North West Line opened early in the year, allowing for improved accessibility to secondary office precincts in Norwest and Macquarie Park; an additional line for Chatswood has further strengthened this precinct; and the light rail project along George Street brings further CBD convenience. TRENDS As predicted early in 2019, the fallout from the Royal Commission, the unknown ramifications of a national election and the potential changes to negative gearing definitely rocked buyer confidence. CoreLogic have noted that there’s evidence to show that Sydney home owners, having seen a substantial rise in housing equity over recent years, are now “starting to look for holiday and investment properties in certain regional markets” and that this has provided an “impetus for some of the value growth we are currently seeing.” NSW's Central Coast lines up among some of the country's best performing regions and will be attentively watched through next year.

2020 PREDICTIONS The 2020 outlook is vastly different to that of last year’s, when Sydney and Melbourne were leading the national downturn. With confidence in the market returning, we’re expecting to see this build upon itself and pick up the pace through the first quarter. While investors are wary about recently constructed off-the-plan builds, the future of off-the-plan in NSW looks bright. The recent government changes are an effort to remedy concern, as the sector has proved quite successful over the past decade and now represents 10.6% of residential property sales. "Buying off-the-plan is a popular option, particularly for first-home buyers, but there can be risks and uncertainties involved," Minister for Customer Service Victor Dominello said. Precincts set to benefit from improved public transport infrastructure, including Chatswood and Macquarie Park, absolutely appear on the hot ticket list. While Newcastle and the Central Coast (Umina, Woy Woy, Ettalong) are neatly positioned to continue their strong annual growth.

Q&A: Harj Uppal

Q&A: Harj Uppal Ralton Property Group As its founder, can you talk us through the origin of Ralton Property Group? Ultimately it stemmed from a dissatisfaction with the status quo of services available to property developers and property agents. I’ve been in the industry for a number of years and have worked with many different groups, and I wasn’t happy with how those businesses were being run; there was no real hands-on approach to the market, so I wanted to create something with a point of difference. I wanted to create a team that had real knowledge when it came to development sites and project sales. What are the principal operations and functions of your business? Ralton Property Group covers a multitude of operations including sales, which extend from completed residential projects to large-scale greenfield sites, leasing and property management, project management and more. The most important factor to note here, however, is that even though we work on behalf of the developer for acquisitions, we work extra hard to deliver a transaction that the vendors are comfortable with too. We look after our clients by ensuring that all parties walk away content and respected. To achieve this we adhere to a few points of distinction that our clients have come to praise us for; these include: • 24/7 accessibility • The depth of our review into planning controls • Our feasibility reports which consistently meet developer expectations • And our intricate and detailed understanding of legal documentation I’m extremely proud of the way we conduct ourselves and you only have to read the tes-

timonials, or speak to our clients, to see that the feeling is mutual. Where does Ralton Property Group operate? Are you content for the moment or are you looking to expand? Our office is based in Rosebery, NSW, however we operate across the entire state. We’ve also been involved in a number of notable deals in Queensland and Victoria, and have very close relationships with groups in Singapore and South East Asia. I think it is impossible to be content in our business and we are always looking to expand the team. However, the most important factor to RPG is our team dynamic and the chemistry, not growth for growth’s sake. Where do you find your clients and what are their backgrounds? Is finding clients a challenge? We have a very tight-knit but vast network of clients, which has been building upon itself over time. Successful transactions often result in client referrals, but we also started Ralton Property Group with an array of trusted relationships. We’re also lucky that within our network we’re not pigeon-holed to one type of client, so we speak to and work with large public companies as well as small boutique developers and investors. Were you always interested in real estate? What lead you into the industry? I remember reading a great quote from Mark Twain, which goes; buy land, they’re not making it anymore. And I think that really speaks to me and why I love real estate. Real Estate can often seem a simple industry from the outside, just buying and selling land, but there’s an abundance of layers, inner markets and variation that pulled me in – and my interest has never waned.

Who or where do you think you learnt the most, or learnt what was necessary to commence your own operation? I think I can honestly say that I’ve learnt the most from the mistakes that I’ve made. They say a mistake is just a step on the road to success and I can absolutely stand behind that sentiment. They’ll not only make you smarter, but also thicken your skin – both of which you’ll need if you want to make it in this industry. What does “a day in the life” look like for you within Ralton Property Group? No two days are the same and I absolutely love it. However, in the moments that we find between client interactions, we’re often educating ourselves, diving deeper into market intricacies, new legislations, rezoning, or general industry news and affairs. Our office is a great environment where we bounce information off each other, constantly sharing and learning something new. You’ve mentioned previously that a key to your success is your “personal approach” – can you explain what that entails? I think it’s important, in our business, to be hands on with our clients. This extends into activities and services that might not have any real fiscal value, but are beneficial to them; such as viewing the materials and finishes of a project with the developer to not only guide them with our expertise, but also to instil confidence and support them. We take the call and show our clients how much they mean to us every day, and the business is the better for it. Do you think that there have been any other keys to your success? Sitting down and learning from leaders in the industry. Whether it be a builder, devel-

The Property Development Review

After extensive experience in property development and site acquisition, Harj Uppal branched out in late-2017 to open his own real estate service firm, Ralton Property Group. While some would have you believe that commencing operations during a market downturn is a fool’s errand, Harj believes the experience is what sets his company apart from the rest. This unique perspective, coupled with his ‘hands-on’ philosophy, are just some of the reasons that Ralton Property Group has gone from strength to strength in a notably short space of time. We sat down with him recently to discuss this in further detail.

oper or architect, I always find it insightful to see how they see the market or what they have learnt from previous real estate cycles. What are some of the projects that you are currently working on, have recently completed, or have in the pipeline that you’re proud of? Two recent deals come to mind immediately... 6 McIntosh Street, Chatswood, was an acquisition on behalf of developer looking to create an amalgamated master site that would eventually yield a mixed commercial tower with a potential height exceeding 110m. This was a complex and unique transaction that took not only patience but a real personal understanding on behalf of all parties. 16 & 18 Rainbow Street, Kingsford, involved the amalgamation and sale of 12 apartments over two blocks of land that will lead to a student accommodation development. It was unique because the site sold outright upon future planning controls, detailing our depth of knowledge from the initial feasibility stage. Were there difficult times when you started Ralton Property Group? How did you overcome them? When we opened Ralton Property Group it was during the market down turn of 2017/2018 – so it was tough to say the least. However, we backed ourselves and our team and turned it into a success. Generally real estate businesses open during a progressive market, but we did the opposite and I’m thankful for that now. We’re prepared for the future in a manner dissimilar to many other property groups, and I think this is a great advantage. Do you think you’ll operate differently during the dips and peaks? Do you have any advice for those starting out during a market downturn as you did?

What we really benefited from when we started out was building our pipeline. A lot of agents and business get lost in trying to get the deal that pays now, which is important, but if you don’t have a strong pipeline and the market takes a dip, you’ll soon find yourself trying to play catch up. You should also leverage your network. Be visible, whether it be in your area or within your core market, people need to know who you are and how to find you. For those entering the industry, do you have any advice for where to start? Find a market or segment and really work on that. So, if you’re going to sell sites, con-

centrate all your energy within that mark. Don’t try and sell sites whilst also trying to lease residential homes. You will find yourself getting lost and mismanaging deals. Try and master, or at least become comfortable with, one before or if you decide to try doing something else as well.

Harj Uppal 02 9096 4664 harj@ralton.com.au

Auction & EOI Schedule

Your list of New South Wales development sites for sale. Click on the link to view the listing.

Bulli Appin Road

Appin

Richardson & Wrench - Campbelltown

View

75 Milton Street

Ashfield

Knight Frank - South Sydney

View

24-28 Fifth Avenue

Blacktown

AgapĂŠ

View

5 Oxford Street

Burwood

Knight Frank - South Sydney

View

53-55 Wilford Street

Corrimal

First National

View

1 Kenneth Road

Manly Vale

UPSTATE

View

74-76 Beaconsfield Road

Moss Vale

Colliers International

View

284 Annangrove Road

Rouse Hill

Urban Greenfield

View

The Property Development Review

FOR SALE PRIME DEVELOPMENT OPPORTUNITY – ZONED B6 ENTERPRISE CORRIDOR 284 Annangrove Road, Rouse Hill, NSW, 2155

• 2.023-hectare development opportunity located at 284 Annangrove Road, Rouse Hill;

• 20,230m2 of land zoned B6 Enterprise Corridor (approx. 6 x 2500m2 lots permissible*)

• in the heart of the rapidly expanding North-West Priority Growth Area, Box Hill and Rouse Hill Industrial precincts.

• Preliminary research suggests a concept plan of approximately 6 lots could be realised across the B6 zoning (based on a minimum lot size of 2,500m2). The maximum building height for future development is 16 metres with an FSR of 1.0.

• Conveniently located just a few minutes from Windsor Road and only 5kms from the new state-of-the-art Sydney Metro Northwest, the site comprises the following permissible land uses and is ready for future development:

Trent McKellar trent@urbangreenfield.com.au 0418 654 715

VIEW LISTING

New South Wales Listings

Accelerating success Reach more people – better results faster.

SIGNIFICANT DEVELOPMENT OPPORTUNITY

View Now

74-76 Beaconsfield Road, Moss Vale, NSW, 2577

The opportunity provides a development site with favourable planning controls and serviced by a number of essential amenities, current and future transport links.

For Sale: $3,950,000

– IN1 part of site is located within the Moss Vale Enterprise Zone – Significant combined site area of 19.6 hectares – Infrastructure commitments from Council to greatly increase connectivity

74-76 Beaconsfield Road, Moss Vale is a perfectly positioned development opportunity within the vibrant township of Moss Vale within the picturesque Southern Highlands.

Rino Gazzera 0430 341 220

Fab Dalfonso 0412 549 766

– Land banking, industrial and residential development opportunity (STCA) – Flexible zoning allows for a broad range of development (STCA) – Thriving regional location in the Southern Highlands

* Approx

colliers.com.au

The Property Development Review

RARE DEVELOPMENT SITE, OVER 1150SQM WITH 24+M FRONTAGE 53-55 Wilford Street, Corrimal, NSW, 2518 – – – – –

Impressive 24+ metre frontage 2 lots both with street frontage Over 1150 sqm of near level land Concept plans available Rear lane access View Listing

Leanne Brailey 0414 929 212

SUBDIVISION OPPORTUNITY (STCA) Bulli Appin Road, Appin, NSW, 2560

• Unique Gateway site - 6.9 acres with 4 street frontages • Recently re-zoned to Residential 2(a) low density housing • Specific Development Control Plan (DCP) applies to this site • Unique site at the entrance to the booming Appin Township on Sydney's South West fringe • High demand area with minimal competition for large residential lot subdivisions • Ideal time to purchase as Sydneys property clock commences its upswing

Russell Wyer 0414 867 707

View Listing

New South Wales Listings

Connecting people & property, perfectly. 75 Milton Street, Ashfield NSW 2131. INNER WEST SYDNEY'S BEST VALUE DA APPROVED DEVELOPMENT SITE

Spring Valley Park

Melbourne CBD 29km* Retail Strip

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– DA approved boarding house pass development ad ng By opportunity Springvale Ro ndeno a D – 37 boutique self-contained studio apartments Pa ter Keysborough – Estimated fully leased income so Primary School nR of $730,000+ pa. gross upon oa d completion – Architecturally designed to Crown Allotment 2272, Darren Road, maximise returns with minimal Springvale South construction costs

Site 929.00 m2

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Short walk to Ashfield Station & shopping mall South Springvale

(*approx)

1.27 ha* site in Crown Allotment 2272, Darren Road, Springval South VIC. For SaleForbyfurther Auction on-site please contact the exclusive listing agents Auction information Thursdayday, 20 June at 2pm (AEST).

Demi Carigliano 0423 015 815 Anthony Pirrottina 0402 666 093

View Listing

* Approx

Exceptional in-fill site with optionality. Perfectly positioned for a prime residential development this magnificent site abuts Keysborough Primary School encompassed within a strong residential area. Under the Connecting people & property, Neighbourhood perfectly. Residential Zoning the astute buyer will seize the opportunity to create a brand new precinct within the current site and harbour a new and innovative community. 1.27 ha* site

Neighbourhood Residential Zoning

5 Oxford Street, Burwood NSW 2134. DEVELOPMENT OPPORTUNITY

Situated moments from Dandenong bypass and allowing easy access to both Eastlink and Springvale Rd, this property is sure to provide confidence to any purchaser. With Yarraman Railway Spring Valley Melbourne CBD 29km* Station, Keysborough SecondaryPark College and Parkmore Shopping Centre close proximity, this property is likely to Retailin Strip fulfill even the most particular of purchasers.

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– Boutique raw development site in a ypass Sydney location Road prime nInner BWest e ong to Excellent CentrallySplocated Stephen Kelly 0407 320 377 ringvaleto Dandaccess – Level 375 sqm* land holding with major arterial roads fantastic ammenities potential for 1,125 sqm* gross floor James Thorpe 0414 510 071 Pa ter area Keysborough s on View Ro – Listing Draft scheme for 46 room boarding Primary School ad house or 8 high end whole floor Darren Reserve apartments Crown Allotment Kindergarten 2272, Darren Road, – Generous 16m* frontage and Springvale South easterly aspect

*Approx.

Huge development Major Transport AFFORDABLE BURWOOD potential Links Nearby

Level 375 sqm* land holding

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150m* to nearest bus and 500m* to train Springvale South

Exceptional in-fill site with optionality.

Demi Carigliano 0423 015 815 Anthony Pirrottina 0402 666 093 * Approx

The Property Development Review

1 Kenneth Road, Manly Vale, NSW 2093

SOLD Prime Shop Top Development Site – Site area: 1,553 sqm – Two adjoining lots held by one owner – Current building areas: 1 Kenneth Road: 795 sqm; 265 Condamine Street: 1,710 sqm – Residential developments approved, underway and completed on nearby sites – Currently DA approved for Bulky Goods Showroom of 2,033 sqm + 20 car spaces

Seize a rare and prized opportunity to redevelop existing warehouses into a mixed-used development in an absolute prime location. The site area totals 1,553sqm on two separate titles with two street frontages, and sits within a rapidly growing residential area where similar properties have been recently approved, are currently under construction, or have been completed as shop top developments. Superbly located literally footsteps from the new B-line city bus service, it is only a few minutes stroll from supermarkets, cafes and eateries and minutes from major regional shopping centres, Manly Dam Reserve and Manly's Beaches, wharf and cosmopolitan eateries.

upstate.com.au

Contact: Vincent West 0403 444 000

View Listing

New South Wales Listings

24-28 Fifth Avenue, Blacktown, NSW, 2148 DEVELOPER'S DREAM — DA APPROVED 80 APARTMENTS BLACKTOWN This DA approved development site with approximately 3,321 sqm in a strategic location in Blacktown provides an excellent opportunity to build 80 modern, architect-designed apartments featuring: – 6 levels of apartments plus 2 levels of basement parking – Approximately 1 km to Blacktown Interchange Train and Bus Station – Approximately 1.3km to Westpoint Shopping Centre – Approximately 2 km to Blacktown Hospital – Blacktown is earmarked to be a major city. It is expected to be one of Sydneys largest hubs over the next 20 years. – Under the Local Environmental Plan, Blacktown City Council is expected to generate 30,000 new jobs. Samantha Chin – 0452 610 626

CLICK TO VIEW LISTING

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FO R M O R E I N FO C O N TAC T Ted Lloyd T. 0408 276 103 E. ted@developmentready.com.au

The Property Development Review

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Knight Frank, Melbourne

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VICTORIA

NEW SOUTH WALES

NICK MATERIA Tel: 0435 005 400 nick@developmentready.com.au

WILL PICKERING Tel: 0412 934 102 will@developmentready.com.au

QUEENSLAND

SOUTH / WESTERN AUS.

ROB LANGTON Tel: 0438 460 801 rob@developmentready.com.au

MARCUS MATERIA Tel: 0400 582 136 marcus@developmentready.com.au

State Review: Queensland

Most Searched Queensland Suburbs on Development Ready for 2019 1. 2. 3. 4. 5. 6. 7.

Kangaroo Point Highgate Hill Albion Palm Beach East Brisbane Mermaid Beach Lutwyche

The Property Development Review

PRICES Brisbane tells a remarkably different story of 2019 to that of Sydney and Melbourne, who have arguably shared a similar market correction and rectification over the past couple of years. This however doesn’t arrive with much surprise as the Sunshine State is renowned for its calm nature both in life and in price movements. The state did in fact experience a downturn and a return, though the former was notably shallower and the latter relatively minor as compared to its capital city brethren. The state cities continued to make it clear that proximity to main activity centres is frequently a determining factor in performance. While, interestingly, desirable school zones were revealed as another strong indicator a suburb’s potential price growth. ACTIVITY CBD and fringe precincts, including King Street, Ann Street, Gasworks and South Brisbane proved very popular with investors, with demand primarily focused towards for Prime and A-grade buildings. 2019 has revealed another good year for experienced investors with some achieving up to 25% capital growth over the past three years. Vacancy levels for Prime CBD accommodation are the lowest they have been since mid-2015 at 8.7%. Vacancy for A-grade buildings rests at 10%, slightly above January 2019, however this is still at a near low point for the past five years. Residentially it was Queensland’s regional towns that proved their worth, with

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Blackwater taking poll position in CoreLogic’s Top Rental Performers list. The suburb offers rental returns as high as 11.7% on average, while house prices are very low at a median of under $150,000 – vacancy is razor thin. Maryborough and the Fraser Coast region are also in the midst of extremely low vacancy, with averages around 0.9%. TRENDS Tropical Queensland saw a bouncing back in terms of both sales volumes and house values. Rising local economic conditions resulted from high commodity prices, a low Australian dollar and increased mining activity have all benefitted the overall property market in this region. Mackay-Isaac-Whitsunday even outperformed all non-metro and regional property markets with 5.9% capital growth over the past 12 months. Queensland continued to enjoy an increasing Net Interstate Migration (NIM) and affluent holiday-home seekers from Sydney and Melbourne have contributed to a boost of residential house prices. In the year ended 31 March 2019, Queensland recorded the highest NIM net gain with 23,300 people; this was followed by Victoria with 12,800 people. The Sunshine State has proved popular for overseas migration as well receiving 27.9% of Australia’s total migrants, the second highest after Western Australia. Both NIM and NOM are important factors that property owners should keep an eye on, as they usually follow in tandem with increased real estate values.

2020 PREDICTIONS As other property markets experience declines, Brisbane has consistently stayed resilient; proving a safe and attractive bet for property investors. With the mining industry moving at a slower pace these days, tourism is well set take on the hero task of boosting the state’s economy. According to the CoreLogic CHIP (Cordell House Index Price) Report for July 2019, overseas investors are looking to construct largescale resorts in the northern part of the state, as well as new residential properties in 2020. This could foster considerable population growth in the coming years. The BIS Oxford Economics property forecast placed Brisbane in the best position for national house price gains, with expectations that the median house price will jump 20% by 2022. Brisbane’s economy is also set to flourish from major projects including Queen’s Wharf, HS Wharf, TradeCoast, Cross River Rail, the second airport runway and the Adani Coal Mine, however the real-time benefits from these won’t kick in for a couple of years past 2020.

Auction & EOI Schedule

Your list of Queensland development sites for sale. Click on the link to view the listing.

Lot 10 Loam Street

Acacia Ridge

Raine & Horne Commercial Southside

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28 Technology Drive

Augustine Heights

Raine & Horne Commercial Southside

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Lot 952, Bruce Highway

Bowen

CBRE Cairns

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7-39 Finch Road

Canungra

Ray White Special Projects

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38-40 Fisher Street

East Brisbane

LJ Hooker Commercial Brisbane

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15 Thirteenth Lane

Mackay

Ray White Special Projects

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53-71 Gayndah Road

Maryborough West

Ray White Maryborough

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10-16 Nerang Street

Nerang

@Realty

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18 Hoffman Drive

Noosaville

Ray White Commercial Noosa

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17 Hoffman Drive

Noosaville

Ray White Commercial Noosa

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23 Anzac Avenue

Redcliffe

Waterfront Properties Redcliffe

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42-44 Landsborough Avenue

Scarborough

Ray White Redcliffe

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7-11 Ferry Road

Southport

Avanti

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40 Hamilton Avenue

Surfers Paradise

Savills

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124-126 Murrays Road

Tanah Merah

LJ Hooker Commercial Brisbane

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220 Swann Road

Taringa

Savills

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432 Esplanade

Torquay

Burgess Rawson Brisbane

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261-267 Flinders St

Townsville City

Knight Frank Townsville

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13-15 Perrin Drive

Underwood

Corwells

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Lot 5, 31 Turner Avenue

Yatala

All Properties Group

View

45 Watson Road

Yengarie

VIP Realty

View

The Property Development Review

13 – 15 PERRIN DRIVE, UNDERWOOD QLD 4119

EXPRESSION OF INTEREST FOR SALE OR LEASE • 5,664sqm corner site just off busy Compton Rd • Lot 32: 2,574sqm • Lot 33: 3,090sqm • Lots may be purchased individually or combined • Owner will build to suit your requirement • Level block ready to build with 150m* of frontage

• Will suit multiple uses - zoned Mixed Use • Join the multinationals such as Bunnings, BCF, Officeworks and O'Brien AutoGlass plus more • Minutes to the M1, Logan and Gateway Motorways • Owner will consider all offers for sale or lease

For more information please contact: Trevor Richards 0468 316 555

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Queensland Listings

PRIME CORNER LAND ON MAIN ROAD

7-9 LOGAN FERRY ROAD 39-49 RIVER ROAD, BEENLEIGH QLD 4214 SOUTHPORT QLD 4215

PRIME LAND ON MAIN ROAD - 17,010 SQM* (1.701 HA*) Main road land site on Logan River Road, a short drive from the Beenleigh CBD with the following key attributes: – Two freehold allotments totalling 849sqm* to be

• 1 7,010 sqm* of land Zoned “Mixed-Use. (1.701 hectares sold together / 4.2acres) – Prominent Ferry Road exposure with 33m* frontage

• 99m* frontage to Logan River Road (Arterial Road) – Various allowable uses (S.T.C.A.)

• 108m* frontage to Spanns Road

– W ithin the Southport Priority Development Area

• Surrounded by development and suitable for (PDA) – Precinct 1 subdivision or redevelopment. – Rarely offered entry level land opportunity

• Average Daily Traffic Count = 33,064 (2018 traffic – Lots 1 and 2 on SP292584 census data)

SURPLUS GOVERNMENT AUC TION ON SITE 12TH LAND SALE DECEMBER 2019 AT 11AM.

Suitable uses include low impact industry, warehousing, logistics, retail, bulky goods, aged care, storage, fuel, fast food and office (Subject to Council Approval)

MASON KIDMAN L ACHL AN HARRIS LACHLAN 0402 125 782 HARRIS – 0409 057 733 0409 057 733 MASON KIDMAN – 0402 125 782 lh@avanticommercial.com.au mk@avanticommercial.com.au

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The Property Development Review

PRIME CORNER LAND ON MAIN ROAD

7-11LOGAN FERRY 39-49 RIVERROAD, ROAD, BEENLEIGH QLD 4214 SOUTHPORT QLD 4215 FANTASTIC FAST FOOD / DRIVE THRU AUC TIONSITE – 1,736M2 CORNER ON SITE DECEMBER 2019SITE AT 11AM. BLOCK- 12TH DEVELOPMENT

PRIME LAND ON MAIN ROAD - 17,010 SQM* (1.701 HA*) Main road land site on Logan River Road, a short drive from the Beenleigh CBD with the following key attributes: – Three freehold allotments totalling 1,736sqm* to be

• 1 7,010 sqm* of land Zoned “Mixed-Use. (1.701 hectares sold in one line / 4.2acres) – Prominent corner position on Ferry Road

• 99m* frontage to Logan River Road (Arterial Road) – B e seen by all traffic at possibly the busiest

• 108m* frontage to Spanns Road intersection in Southport

• Surrounded by development and suitable for – Arguably the highest exposure site on Ferry Road subdivision or redevelopment. with exposure to over 34,000 cars per day and

another 18,000 on Queen Street. • Average Daily Traffic Count = 33,064 (2018 traffic census data) – W ithin the Southport Priority Development Area (PDA) – Precinct 1

– Walking distance to the Southport CBD and the Suitable uses include low impact industry, warehousing, Nerang Street Light Rail logistics, retail, bulky goods, aged care, storage, fuel, fast food and office (Subject to Council Approval) – Lot 2 on RP880549 & Lots 1 - 2 on SP292584

MASON KIDMAN L ACHL AN HARRIS LACHLAN 0402 125 782 HARRIS – 0409 057 733 0409 057 733 CHRIS FORT – 0412 750 764 mk@avanticommercial.com.au lh@avanticommercial.com.au

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Queensland Listings

MACKAY CBD FRINGE - 5,213M²* OCCUPY, RENT OR REDEVELOP Mackay, 15 Thirteenth Lane

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST

Closing Tuesday, 25 February 2020 at 4pm • Land Area - 5,213m²* • Lot 18 SP129630 • Lettable Area - 685m²* • Designated “Low Impact Industry” • Low Site Cover approx. 20% of the site • Improved with Warehouse buildings

Outline Indicative Only

Tony Williams 0411 822 544 tony.williams@raywhite.com

Fred Dubois 0432 485 143 fred.dubois@raywhite.com

Mark Creevey 0408 992 222 mark.creevey@raywhite.com *Approx

raywhitespecialprojects.com

23.6HA* SUBDIVISION OPPORTUNITY GOLD COAST HINTERLAND Canungra, 7-39 Finch Road

Outline and Locations Indicative Only

EXPRESSIONS OF INTEREST

COMMENCING 2020 • Total land area of 23.6* hectares • Central Canungra CBD location • Elevated position with exposure and views • Direct adjacent to essential services including power, water and sewer • Situated 32* kilometres west of the Gold Coast and 75* kilometres south of Brisbane

Outline Indicative Only

Mark Creevey 0408 992 222 mark.creevey@raywhite.com

Dax Roep 0421 230 354 dax.roep@raywhite.com

Matthew Fritzsche 0410 435 891 matthew.f@raywhite.com *Approx

raywhitespecialprojects.com

The Property Development Review

FOR SALE: 10-16 NERANG STREET, NERANG QLD 4211 4 PROPERTIES ON OVER 1 ACRE OF RIVER FRONTAGE WITH PRIME DEVELOPMENT POTENTIAL! First time offered for sale togetherâ&#x20AC;Ś a unique opportunity to secure these 4 properties on over 1 acre of Nerang River frontage. Nos 10, 12, 14 and 16 Nerang Street, Nerang are prime development sites with a mix of potential uses including multi-level options for childcare, medical centre & health services, professional offices, retail facilities and residential units. The potential is endless here. Together they offer a total of nearly 80mts of street frontage and

AUDREY GOETZ â&#x20AC;&#x201C; 0412 148 078

over 65mts of River frontage. The blocks average a depth of between 50-65mts with a natural slight elevation between each block ideal for creating car parking under a building. The properties are nestled amongst leafy and green vegetation along the river which create a lovely atmosphere and perfect natural light whilst overlooking Arthur Earle park and popular boat ramp.

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Queensland Listings

For Sale: 40 Hamilton Avenue, Surfers Paradise QLD 4217 DEVELOPMENT APPROVED FREEHOLD OPPORTUNITY

Located within the world renowned Surfers Paradise precinct this corner block is located on water and has views of Surfers Paradise skyline and the Pacific Ocean. The vendors have had a pre-lodgement meeting with City of Gold Coast planning officers to increase the density to 176 Hotel rooms. – Freehold development site – 823 square metres approx – DA for 64 apartments (81 keys) – High profile corner location

Kevin Carmody 0419 721 216

James Stevenson 0498 121 165

More Exposure More Competition Record Prices

– Basement car parking – Located on water with ocean views

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The Property Development Review

Connecting people & property, perfectly. 261-267 Flinders Street, Townsville City, QLD, 4810. CBD ASSET WITH HUGE UPSIDE

Knight Frank Townsville is pleased to offer 261-267 Flinders Street, Townsville s for sale. The subject Bypas properties can ale Road nong ringv be purchased individually or asSppart Dande of a portfolio sale which includes the following properties. Keysborough 20.1m frontage to Flinders Street Holding income Parking to the rear High profile building

Primary School

oad ra R moo Co o

– – – –

Spring Valley Park

Melbourne CBD 29km* Retail Strip

Pa te

rso

Crown Allotment 2272, Darren Road, Springvale South

nR oa

d Darren Reserve Kindergarten

n Ro

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Large foot print in the heart of the Townsville 1.27 ha* CBD. site in

Springvale South Crown Allotment 2272, Darren Road, Springval South VIC. For Sale by Auction on-site Expressions of Interest Closing Thursday, 5 December at 4pm. Thursdayday, 20 June at 2pm (AEST).

Paul Dury 0448 476 006 Mark Fitzgerald 0447 416 006

View Listing

* Approx

Exceptional in-fill site with optionality. 1.27 ha* site

FOR SALE

Neighbourhood Residential Zoning

Perfectly positioned for a prime residential development this magnificent site abuts Keysborough Primary School encompassed within a strong residential area. Under the Neighbourhood Residential Zoning the astute buyer will seize the opportunity to create a brand new precinct within the current site and harbour a new and innovative community.

LOT 952, BRUCE HIGHWAY BOWEN QLD 4805 Major Transport Links Nearby

APPROVED MINING ACCOMMODATION OR TOURIST VILLAGE SITE

Excellent access to major arterial roads

Centrally located to fantastic ammenities

Located at the northern end of Bowen Basin and just outside Bowen Township the site is perfectly positioned View Listing for use by the mining industry or for tourism/caravan park development.

+ L and area: 6.75 hectares clear freehold flood free site with 300 meters of highway frontage with access off Scenic Avenue which has access off Ocean View Drive* + 7.5kms to Bowen Centre and 23km to Abbott Point Rd* + RPD: Lot 952 on SP194473 CTR 50641060 + Local authority: Whitsunday Regional Council

DANNY BETROS 0418 772 049

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property.cbre.com.au

Situated moments from Dandenong bypass and allowing easy access to both Eastlink and Springvale Rd, this property is sure to provide confidence to any purchaser. With Yarraman Railway Station, Keysborough Secondary College and Parkmore Shopping Centre in close proximity, this property is likely to fulfill even the most particular of purchasers.

Stephen Kelly 0407 320 377 James Thorpe 0414 510 071

*Approx.

Huge development potential

Queensland Listings

For Sale: 432 Esplanade Torquay QLD 4655 BLUE RIBBON BEACHFRONT INVESTMENT - D.A. APPROVAL 8 STOREY MIXED DEVELOPMENT – Massive 4,133 sqm corner site – D.A. Approval to 8 Storeys – Beachfront location For sale via 'Expressions of Interest' closing 4pm AEDT, 15 December 2019 (if not sold beforehand)

View Listing

Matthew Anand 0402 535 135

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For Sale: 28 Technology Drive, Augustine Heights

DA APPROVAL COMMERCIAL BUILDING

Adam Horie – 0408 920 955

For Sale by Offers To Purchase Closing 12th December

– 2,860sqm parcel of commercial zoned land – DA Approval for a 1,827sqm building – Opportunity for exposure onto the Centenary Highway – Ease of access to major transport corridors – One of Australia's largest master planned cities – Located approximately 28kms west of Brisbane's CBD

The Property Development Review

HOFMANN DRIVE DEVELOPMENT SITE Noosaville, 18 Hoffman Drive

EXPRESSIONS OF INTEREST Closing Friday 13 December 2019 - Noon

• 3243sq m (approx) site • To be zoned "High Density Residential" under the new Noosa Plan

• Can support many residential uses: Apartments, Townhouse, Nursing Home, Home Office, Bed & Breakfast, Hostel, Motel (STCA) • Land benefits from prepaid council infrastructure credits • Three storey height limit with potential for 0.75 plot ratio • Proposed settlement mid 2020

View Listing

Paul Butler 0418 780 333 Paul Forrest 0408 985 254 Brendan Robins 0402 159 588 Brendan Robins 0402 159 588

raywhitecommercial.com.au

HOFMANN DRIVE DEVELOPMENT SITE Noosaville, 17 Hoffman Drive

EXPRESSIONS OF INTEREST Closing Friday 13 December 2019 - Noon

• 3719sq m (approx) site • To be zoned "High Density Residential" under the new Noosa Plan

View Listing

Paul Butler 0418 780 333 Paul Forrest 0408 985 254 Brendan Robins 0402 159 588 Brendan Robins 0402 159 588

raywhitecommercial.com.au

Queensland Listings

VIEW LISTING

Tanah Merah 142 Murrays Road Landmark Site in Australia's Fastest Growing Corridor

For Sale Offers to Purchase

• • • • •

Bruce Webster 0408 551 858

Approx 16 hectares (40 acres) 840 metres water frontage Horizon mountain views Nice drive through tree canopy on way to property Nice drive through tree canopy on way to property

ljhookercommercial.com.au

For Sale: 220 Swann Road Taringa, QLD, 4068

810M2 WITH CITY VIEWS! RENOVATE, SPLIT, DEVELOP OR BUILD YOUR DREAM HOME

Robert Dunne 0418 888 840

VIEW LISTING

45 WATSON ROAD YENGARIE QLD 4650 FIELD OF DREAMS MANDY RYAN 0411 634 732

VIEW LISTING

The Property Development Review

VIEW LISTING

East Brisbane 38-40 Fisher Street & 927 Stanley Street East Substantial Freehold Investment With Development Potential (S.T.C.A)

For Sale Offers to Purchase

• • • • • •

Manoli Nicolas 0400 082 170

15 minute walk to new Wolloongabba Station precinct The sellers have provided clear instructions to sell. Submit all offers to purchase. 38 - 40 Fisher Street: Partially leased Brick foundation building spread over 2 levels. Approximately 1,337sqm of office space 35sqm loading dock/warehouse space

ljhookercommercial.com.au

23 Anzac Avenue, Redcliffe QLD 4020

Prime Development Site Presenting this level 3423 sqm parcel, located over three existing titles, providing you with a prime opportunity for development.

Kevin Bostock – 0418 125 356 Damien Misso – 0403 044 424

– Located within the growing suburb of Redcliffe, one of the most highly sought after and popular suburbs on Brisbane's Northside. – Situated in centrally located location with multiple nearby apartment sales exceeding well over $1 million dollars – Zoned in the Centre Zone in the Urban Neighbourhood Precinct, providing a number of potential development outcomes Subject to Council Approval – Council bus stop located near the front of the properties and positioned within across the road from Blue Water Square shopping village.

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Queensland Listings

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TITLES NOW AVAILABLE - INDUSTRIAL LAND IN THE HEART OF ACACIA RIDGE Waratah Industry Park is the last industrial land subdivision in the established, blue-chip location of Acacia Ridge. – Available now – Above Q100 flood levels – Prime location in the heart of Acacia Ridge – Rare vacant infill development sites – Only 20 lots with 3 already sold! – NBN connected – Lots within the estate range from 2,100 sqm up to 47,370 sqm – Turnkey building solutions are available if required

For Sale: Lot 10 Loam Street, Acacia Ridge Joseph Grasso – 0418 789 080 Nick Comino – 0412 151 492

Located only 12 radial kilometres from the Brisbane CBD, Acacia Ridge provides great access to the arterial road network via Beaudesert Road, the Ipswich Motorway, Granard Road and the Logan Motorway. The precinct also features the Acacia Ridge Rail Intermodal.

In conjunction with:

Lachlan Hateley – 0405 257 209 David Knox – 0408 548 281

1.6HA DEVELOPMENT SITE - 5 X FREEHOLD INDUSTRY LOTS Maryborough West QLD, 53-71 Gayndah Road

FOR SALE • • • •

1.6ha Development Site 5 x Freehold Lots Zoned Industry Average size 3190m2

View Listing

• • • • • •

40m x 80m approx. Main arterial road exposure Close proximity to Bruce Hwy on and off ramps Existing Home and sheds For Sale by Tender Contact listing Agents for more details

Matt Mercer 0407 922 109 Richard Fox 0405 057 218

raywhitecommercial.com.au

The Property Development Review

1020SQM JUST METRES TO THE BEACH! DA FOR 16 UNITS! Scarborough, QLD, 42-44 Landsborough Avenue

TENDER CLOSES 24th of January 2020

• 4 x 2 Bedroom Apartments • 9 x 3 Bedroom Apartments • 3 x 4 Bedroom Penthouses

View Listing

Ben Campbell 0404 001 331

raywhitecommercial.com.au

Lot 5, 31 Turner Avenue, Yatala QLD 4207 CALLING ALL INVESTORS & DEVELOPERS !!! PRICED TO SELL, BE QUICK AND SECURE YOUR FINANCIAL FUTURE.

Jason Savage 0401 546 762

Andrew Campbell 0409 592 996

View Listing

State Review: Western Australia

Most Searched Western Australian Suburbs on Development Ready for 2019 1. Cannington 2. Scarborough 3. Applecross 4. Burswood 5. Subiaco 6. Cottesloe 7. Beckenham

The Property Development Review

PRICES Following the tumultuous economical state born in the aftermath of the mining boom, Western Australia is still dealing with a somewhat struggling economy and weak housing market; but there are opportunities just around the corner. The back end of the year has produced some solid results and an increase in the number of buyers. This is good news as WA currently sits amongst the most affordable property states across the nation. Low stock levels have also started to replenish. Katanning was identified by CoreLogic as a strong rental performer making into their Top 100 list for September 2019 at number five. The generally youthful neighbourhood still holds a very affordable median house price of just over $150,000, while median rent returns $250 a week. ACTIVITY Sydney and Melbourne are leading the turnaround but the most surprising result has arrived from the west coast capital, with Perth recovering seeing its first monthon-month dwelling-value increase since the market’s downward trajectory held steadyish in early 2018. The state government has also recently unveiled a $150 million housing investment package aiming to boost the local economy. The package is comprised of three sections: $125 million for the construction of 300 public housing units for homeless and vulnerable people on the priority waiting list; around $6m for the renovation of 20 regional and 50 metropolitan public housing properties; and

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$19m to be coursed through Key Start for 200 additional shared equity homes. The deal is set to contribute an additional 1,000 jobs to the construction industry and will help address housing affordability issues plus assist first-home buyers. TRENDS While office vacancy in Perth is the highest of all the capitals, it has reduced to the lowest levels since mid-2015. Co-working spaces began increasing their prominence with many new openings through the year. The demand for assets such as these is backed up by the growing number of small businesses and start-ups entering the market looking to minimise overheads. Larger corporate enterprises are also taking an interest in flexible work spaces to mitigate risk during the current local economic climate. Outside of the city, lifestyle and affordability factors are touted as main drivers for the improving markets and rolling into 2020 we’re expecting to see much more of this. For example, 180 kilometres south of Perth in the port town of Bunbury, sales volumes rose by 0.8% - the highest increase recorded across the nation for 2019 by a regional centre. Net overseas migration also increased by 42.7% this year; the largest increase in Australia. 2020 PREDICTIONS Perth’s commercial market does appear to have its darkest times behind it. There’s a new day dawning, but

that’s not to say that there won’t be some challenges ahead. A-grade and premium spaces are set to perform better than lesser grade and strata titled office accommodation, which continue to suffer from oversupply and low demand. WA’s population is expected to receive a boost over the next few years thanks to numerous new mining ventures, which are estimated to be creating 11,000 new jobs in the construction phase alone. The rental market will be the first to benefit from increased migration. Residual concerns laid over from the previous mining boom will no doubt have a negative effect on the potential uplift in sales volumes as a more conservative line is walked than previously. The Real Estate Institute of WA (REIWA) President, Damian Collins, expects overall market conditions to improve in regional WA during 2020 as a direct result of investment in the mining sector. “In addition to Karratha, Port Hedland and Kalgoorlie are areas to watch in 2020, with the new mining projects going a long way to restoring confidence in these regions. These projects are expected to create thousands of new local jobs, which should continue to support population growth, improve demand for housing and aid recovery,” Mr Collins said.

Auction & EOI Schedule

Your list of Western Australian development sites for sale. Click on the link to view the listing.

2C Matheson Road

Applecross

Salt Property Group

View

7-9 Highbury Crescent

Beckenham

Matrix Realty

View

18 Brookland Street

Beckenham

Matrix Realty

View

344 Grand Promenade

Dianella

Steve Crouch and Associates

View

Lot 702, 116 & 118 Astley Street

Gosnells

Matrix Realty

View

70 Phoenix Road

Hamilton Hill

David Barnao & Co

View

Address available on request

High Wycombe

Professionals Stirling

View

Lot 740 Dewar Way

Ledge Point

Matrix Realty

View

622 & 626 Newcastle Street

Leederville

Edison Property

View

11,13 & 13A Wren Street

Mount Pleasant

Salt Property Group

View

1 Helm Street

Mount Pleasant

Salt Property Group

View

8 Sleat Road

Mount Pleasant

Salt Property Group

View

229-231 Wharf Street

Queens Park

Matrix Realty

View

90 Bulong Avenue

Redcliffe

Laurie Kelly Real Estate

View

109 Kew Street

Welshpool

Data Property

View

Land, 99 Booderee Road

Yanchep

Vend Property

View

The Property Development Review

F OR S AL E

622 & 626 Newcastle Street, Leederville • For Sale - Price on Application

Pasquale Cianfagna

0418 907 300 pasquale@edisonproperty.com.au

• Multi-Purpose Development Site • Combined Land Area 2,251sqm

Eric Rogers

0412 228 555 egr@metwaywa.com

VIEW LISTING HERE

VIEW LISTING

Land, 99 Booderee Road Yanchep WA 6035

109 Kew Street, Welshpool, WA, 6106

For Sale $1,399,000 LAST CHANCE INVEST AND / OR DEVELOP ON YANCHEP BEACH ROAD

FREESTANDING GREEN TITLED PROPERTY Outstanding redevelopment opportunity on a very well located 2,077m2 block of prime Welshpool industrial land.

Scott Chaproniere 0404 329 325 Walter La Rocca 0412 946 417

View Listing

– Close to Approved Yanchep Train Station – A pproved uses include but are not limited to Medical Centre, Pharmacy, Dentist, Physiotherapist and Café

Jeff Klopper 0418 945 759

Western Australia Listings

EXPRESSIONS OF INTEREST

1 Helm Street, Mount Pleasant History of Helm M15 Development Site in Canning Bridge Structure Plan Your next development awaits at 1 Helm Street, Mount Pleasant. Salt Property Group is excited to present this 1,571sqm stand alone development opportunity. Located in the most exciting development zone in Perth. Fully developed, the land can accommodate a stand alone 10-storey luxury apartment building with sensational views from every level. The features of this site include: • Located within the Ogilvie Quarter of the Canning Bridge Structure Plan • Stunning views from multiple levels • Maximum height 10 storeys • 1,571sqm of land • Short walk to new Woolworths • Land, road, rail and future water transport to and from Perth and Fremantle • 300 metres to the rivers edge • Four 3 bedroom dwellings – all well presented and very rentable

VIEW LISTING

EXPRESSIONS OF INTEREST

8 Sleat Road, Mount Pleasant Incredible Land Banking Opportunity 8 Sleat Road Mount Pleasant is offered for sale by Salt Property Group. This world class landholding sits on a total of 1,993sqm. Suitable for a mixed use building this site can achieve 15-storeys plus under the Canning Bridge Structure Plan. The site is positioned within the Ogilvie Quarter of the Structure Plan and has the same zoning as Cirque, Sabina and The Precinct (stage 2) that are all now under construction. Positioned on the fringe of the Structure Plan’s Mixed Use M15 Zoning will ensure the building has incredible Southern and Western views throughout its life. Possibly the most exciting place to invest in Perth, Canning Bridge boasts community facilities, nightlife, shopping/retail and all nodes of transport including water, rail and road. Looking beyond the development potential of the site, this opportunity proposes a great land banking opportunity with a total of 10 dwellings. Each townhouse/villa has three bedrooms and are all very lease-able (if not already). An analysis on the holding cost of this site has been prepared and available upon request.

VIEW LISTING

GLEN O’BRIEN 0418 923 123 DANE McKNIGHT 0435 377 647

The Property Development Review

SALES AND LEASING TEAM

EXPRESSIONS OF INTEREST

11, 13 & 13A Wren Street, Mount Pleasant Wren St Enclave - Canning Bridge Activity Centre The sales team at Salt Property Group are proud to present 11, 13 & 13A Wren St, Mount Pleasant. The ideal building block to suit a luxury eight storey residential development. The land is level and sits high above the underground water table below. The site totalling 2,028 sqm is rectangular with around 40 metres of frontage and is the perfect stand alone development opportunity. Located in the most exciting development zone in Perth. Fully developed, the land can accommodate a stand alone 8 storey luxury apartment building with sensational views from multiple levels. The landscape of Canning Bridge has well and truly transformed over the last two years and the area is proving to be one of the most desirable residential locations in WA. • • • • • • •

Located within the Ogilvie Quarter of the Canning Bridge Structure Plan (CBSP) 2,024 sqm of land suitable for a maximum height 8 Storeys under the CBSP Stunning views from multiple levels Short walk to newly completed Woolworths & Canning Bridge amenity 500 metres to the rivers edge Land, road, rail and future water transport to and from Perth and Fremantle Three rentable homes that have been loved by their residents

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2C Matheson Road, Applecross EXPRESSIONS OF INTEREST

Presence, Potential & Proximity A fantastically unique offering! This block has it all - Presence, Potential & Proximity. A multi-generational property never before sold is now being offered for sale for the very first time. The well looked after four bedroom property has beautiful retro charm, and despite its prominent location is extremely protected and private! Sitting on 1,017sqm under the R40 zoning of the Melville LPS6 the potential of this property particularly exiting with a variety of viable possibilities - enquire to receive an information memorandum and architecturally prepared concept plans.

1,017m²

Points to consider: - Prominent positioning - Potential townhouse or apartment project - Swan River foreshore at the end of the street - Only one neighbouring property and 80+ metres of street frontage - Public Transport on the doorstep - Proximity to schools, parks & amenity Information memorandum & concept plans available upon request.

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sales@saltproperty.com.au www.saltproperty.com.au (08) 9316 3911

Western Australia Listings

For Sale: Lot 702, 116 & 118 Astley Street, Gosnells, WA 6110

For Sale: 7-9 Highbury Crescent, Beckenham, WA, 6107

DEVELOPMENT APPROVED: 12 LOT SUBDIVISION

FOR SALE FROM $1.1M

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Tim Chant 0402 025 005

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Tim Chant 0402 025 005

For Sale: Lot 740 Dewar Way, Ledge Point WA, 6043

For Sale: 18 Brookland Street, Beckenham, WA 6107

FOR SALE FROM $490,000

COMMERCIAL OPPORTUNITY: FOR SALE $650,000

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Tim Chant 0402 025 005

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Tim Chant 0402 025 005

The Property Development Review

For Sale: 229-231 Wharf Street Queens Park, WA 6107 LOCATION IS EVERYTHING FOR SALE $1.3M Development potential for up to 10 Townhouses or 20 Apartments. –

2 Huge lots side by side of 1072sqm each.

– Sewer, zoning & location make these lots one of the best available. – Walk to Train & Bus depot, Carousel shopping complex, local shops and major arterial roads. –

Currently tenanted with holding income

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Tim Chant 0402 025 005

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90 BULONG AVENUE, REDCLIFFE WA 6104 FOR SALE FROM $819,900 – – – –

Two green tiled 809sqm lots totalling 1618sqm. Wide 30mt frontage with dual street access. Retain existing home & build two homes at rear. DA6 VISION PLAN "Redcliffe Train Station"

Devon Kelly 0417 936 277 or Daniel Kelly 0456 180 575

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FOR SALE: 344 GRAND PROMENADE, DIANELLA, WA, 6059 A unique opportunity awaits the discerning buyer on this massive plot of land (2,799 m2 approx) in the heart of Dianella with a holding income.

VINCE DI FILIPPO 0408 563 288

Western Australia Listings

70 PHOENIX ROAD, HAMILTON HILL WA 6163 FOR SALE $525,500 – 1039m2 corner block with approval to subdivide into 4 survey strata lots and lapsed approval for 10 apartments –

Zoned R40 under City of Cockburn TPS

Nicole Barnao 0409 082 477 or David Barnao 0419 838 234 Click to View Listing

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State Review: South Australia

Most Searched South Australia Suburbs on Development Ready for 2019 1. Campbelltown 2. Glenelg 3. Prospect 4. Walkerville 5. Plympton 6. Somerton Park 7. Christies Beach

The Property Development Review

PRICES Much like Brisbane, Adelaide did not suffer the same harsh degree of downturn as Sydney and Melbourne. Property values reached a peak in the South Australian capital in December 2018, and while they have dwindled since then, dwelling values have only fallen 1.2 %. Entering 2020, some speculators have suggested that Adelaide is set for ‘Goldilocks’ conditions, with the BIS Oxford Economics' Residential Property Prospects 2019-2022 report estimating that median property prices in Adelaide will move up from its current position of just under $495,000 to $550,000 in three years. Should this report make good on its forecasts, Adelaide will have the highest property growth in the country after Brisbane, which is tipped to have a 20% increase. The ideal conditions that make the 11% increase possible include aspects such as moderate population growth and a steady supply of housing. According to BIS Oxford Economics associate director Angie Zigomanis, "everything is moderate and nothing is extreme" when it comes to the SA property market. "It hasn't been experiencing an oversupply, like we've seen in places like Brisbane and Perth, or a recent undersupply, like in Sydney and Melbourne.” The office sector in Adelaide continued with a steady performance through the year, with some major sales passing positively; the brunt of success of which is generally isolated to the CBD.

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ACTIVITY While there were some big sales in the state, the Adelaide real estate market largely had a docile year. We have seen, however, an increase in investor confidence towards the end of the year. Major infrastructure works, including significant road and rail construction projects, are either planned and ready to go or currently in operation. The medical sector is a strong contributor to the state’s economy as well, with the establishment of the new Royal Adelaide Hospital and highly enticing medical practice and research institutes. The capital is also yet to realise the full impact of the major defence contract it won this year. With skilled labour entering the state at a time coinciding with the property market there are a lot of opportunities set to present themselves early next year. TRENDS After a reasonably stable year, with a slight lift in the back quarter, pockets of Adelaide’s north and south are looking poised for a promising 2020. Gulfview Heights, Munno Para and Munno Para West are good suburbs to watch with good rental return to median house price ratios. Somerton Park, with its tranquil atmosphere and excellent public transport network, is also one to follow. Its designation within the Brighton High School zone is a major benefit, and its coastal lifestyle is becoming a hot commodity. Unit prices were up by 3.3% in the year to August 2019, while the median house price dropped slightly.

2020 PREDICTIONS Most property forecasters agree that Adelaide will continue to remain stable next year with a slight uptick in housing values. While some commentators are expecting this upward trend to continue beyond the 12-month timeline, certain factors such as job growth, ramifications from the proposed land tax and population growth could all play their part in maintaining the state’s famous steady-as-she-goes reputation. But South Australia’s placid repute is not a bad thing. Security in investments is a major positive for this under-the-radar state and there remains significant potential passed over and yet to be exploited by those not doing enough research. As the economy grows and dwelling values increase, Adelaide and its outer regions will prove itself as a highly desirable real-estate destination and one that bears considerably less risk than the other state markets.

Auction & EOI Schedule

Your list of South Australian development sites for sale. Click on the link to view the listing.

34-38 Wright Court

Adelaide

JLL

View

20 & 20A Roy Terrace

Christies Beach

Turner Real Estate

View

20 Amos Road

Nairne

Harcourts Adelaide Hills

View

181-181B Prospect Road

Prospect

Knight Frank

View

The Property Development Review

Boundary Indicative

Invсt in Chinatown For Sale 34-38 Wright Court, Adelaide SA – Prime development site of 543sqm* – Functional existing improvements – Short term holding income

For sale by Private Treaty

Jed Harley

0418 807 920

Roger Klem

0423 919 373

property.jll.com.au/303035

– Capital City zone with 43m height limit – Situated in the heart of the Chinatown precinct

*(Approx)

South Australia Listings

FOR SALE: 20 Amos Road Nairne SA 5252 RESIDENTIAL SUBDIVISION! Rezoned under the Ministerial Development Plan Amendment in 2010 to create medium density residential allotments. This 32.6 acres of opportunity is situated via the new interchange and an easy 40 minutes drive to Adelaide from the Adelaide Hills township of Nairne, voted best country town in 2017.

EXPRESSIONS OF INTEREST Contact for further information: Jo-Ann Heath 0439 886 792

For Sale: 20 & 20A Roy Terrace, Christies Beach SA 5165 CORNER CRACKER REDEVELOPMENT SITE WITH DUAL OCCUPANCY INCOME! Rare 738sqm (approximate) corner block of land for sale. Arguably one of the most significant development opportunities to become available within the new R40 Policy Area (Infill Precinct 36) in the City of Onkaparinga. The zone should be enough to get you excited with the potential to redevelop the site with up to 4 homes (STCC). • • • • •

Easy beach access and 200 metres to Beach Road cafes Easy access to nearby major retailers Conveniences Banks and Medical Centres Convenient public transport Access to great local schools

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Matthew Anand 0402 535 135

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The Property Development Review

Connecting people & property, perfectly.

181-181B Prospect Road and 4 Farrant Street, Prospect SA.

For Sale Strategic inner suburban development site

2,777sqm* site with 3 street frontages

Zoned ‘Urban Corridor’

Suit medium density mixed use

Inner northern, main road location

Minutes to “High Street” retail

Lease out, land back or redevelop

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A strong feature of this offering is its proximity to the rapidly developing “high street” retail hub along Prospect Road, which incorporates a new cinema, numerous shops and cafes. It is also close to the retail offering on Churchill Road at Kilburn, which includes Costco, Aldi and Coles.

Colin Martin 0412 822 166

*Approx.

Tony Ricketts 0418 827 911

Colophon

Editor in Chief Nick Materia, Development Ready Editor Jack M. Gaffney, Development Ready Contributors Ana Narvaez, The Urban Developer Dinah Lewis Boucher, The Urban Developer Ted Tabet, The Urban Developer Adam Di Marco, The Urban Developer Graphic Design Cam Norris

Contact Development Ready Pty Ltd Level 1, 167-169 Buckhurst Street, South Melbourne VIC 3205 Tel. 03 9631 5476 Advertising Enquiries enquiries@developmentready.com.au Editorial editor@developmentready.com.au

Development Ready Pty Ltd (Development Ready) is the publisher of The Property Development Review (the Publication). In preparing the Publication, Development Ready has not taken into account the individual circumstances of readers and users of the Publication and the material provided in the Publication is not intended as legal, financial or investment advice and should not be relied upon as such. Readers and users of the Publication are advised that opinions expressed throughout the Publication are those of the contributors and, unless expressly stated otherwise, have not been endorsed by Development Ready and do not necessarily reflect the views or policies of Development Ready. Development Ready does not make any representations, express or implied, as to the accuracy, timeliness or completeness of any material (including advertisements) contained in the Publication. Development Ready may use trade marks and names in the Publication with the permission of the owners, however this does not imply ownership or endorsement by Development Ready. Development Ready is not responsible for the content of any third-party websites to which links are provided in this Publication. Any links to websites are provided for the information and convenience of readers and users only. Development Ready does not endorse or control these websites and cannot guarantee that material on those sites is in all respects accurate, complete and current. Readers and users of this Publication acknowledge and agree that to the fullest extent permitted by law, Development Ready and its related bodies corporate, their directors and employees are excluded from any liability, including liability for negligence and for any loss or damage arising in connection with any reliance placed by readers and users on any material (including advertising) contained in the Publication.

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