THE REPORT | SPRING SUMMER 2021/22
ARTIST'S IMPRESSION - EAST SYDNEY COLLECTION
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McGrath Projects, the team that’s with you.
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FROM OUR CEO Welcome to the McGrath Projects Report. In this edition, we examine the historically high gap between the average cost of a house relative to an apartment in prominent East Coast capital cities/ and we explain our rationale as to why we think that gap may tighten on a progressive basis. We also take the opportunity to comment on the introduction of new technology platforms that are changing the prospective buyer experience at a project level. No longer are display suites limited to static presentations in physical form, rather such displays are complemented by virtual viewing technologies which enable the client to view bespoke finishes and inclusions to their preference. Additionally, the prospective buyer can view the outlook in full 360-degree form, to enhance the overall sales presentation. Savvy developers are constantly looking for new and better ways to deliver value and capture as many prospective buyers in the process - technology has helped them significantly in this regard. Please take the time to enjoy the report. Sincerely
Eddie Law CEO McGrath Estate Agents
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RECORD HIGH PRICE GAP BETWEEN HOUSES & APARTMENTS
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INSIGHTS FROM JOHN MCGRATH One of the biggest pandemic trends has been far greater demand for houses over apartments. This is because there are many upgrading families in the market, as well as plenty of first home buyers leveraging vast government incentives to stretch their budgets beyond apartments to houses.
My key piece of advice to all buyers, and especially budget buyers because they’re more likely to have to make compromises, is to buy high quality. That means buying above the local median price. Instead of buying the worst house in the best suburb, buy the best house (or semi or terrace) in the second best suburb. If that fails, then start thinking about apartments but always buy quality.
This has led to outstanding price growth. In the year to July 31, house prices in the East Coast capital cities have risen by 23.4% in Canberra, 23% in Sydney, 17.7% in Brisbane and 12.3% in Melbourne, according to latest CoreLogic data.
This is especially important with apartments because the market is much larger, so you have to prioritise uniqueness and desirability to ensure above average capital growth for your property.
Simultaneously, apartment prices have also grown but not as much. East Coast capital city apartment prices have risen by 10% in Canberra, 7.6% in Sydney, 7% in Brisbane and 5.9% in Melbourne.
Stay away from ‘typical’ apartments. Look for bigger floor plans with a good aspect and some unique features, such as a great outlook, a garden area on title or an extra car space.
As a result, the price gap between houses and apartments/ townhouses has been widening and is actually now at a record high of 30% nationally, according to a new CoreLogic report.
Apartments and townhouses are not the ‘poor cousins’ of houses. In fact, most modern developments offer amazing garden apartments that give you a house-like lifestyle at a lower cost.
The gap is even greater in Sydney (54.2%), Melbourne (52.4%) and Brisbane (58.2%) and there’s a staggering gap in Canberra (74.8%). There are a few reasons for these widening price gaps: • • • •
You’re more likely to find these in modern developments. This is because it’s only been in the past two decades that young families have adopted apartment living and baby boomers have begun downsizing, and both these groups want more than the typical 70 sqm apartment with a balcony.
Faster house price growth, as shown above COVID-19 trends have not only created more demand for houses, they have also reduced demand for apartments because people are leaving inner city areas Ceased migration and lower investor activity in 2020 also reduced demand for apartments More apartments are built than houses, so supply of new apartment stock is always higher
They want spacious interiors, a decent sized terrace for outdoor dining and ideally, their own patch of land with some garden and lawn space for the kids. Developers are catering for this more and more, so you might be surprised at the quality of home you can buy in the apartment market today.
The house market remains very strong but price growth has been slowing at a national level since March and that’s because affordability is starting to bite.
Imagine going from the stress and strain of constantly missing out on houses to having an array of high quality apartment and townhouse options that are well within your budget? That’s the freedom the price gap provides.
So, we’re now meeting young people at opens who tell us they’ve given up on a house and have switched their search to townhouses and apartments. Some are continuing to look in the same area while others are broadening their search to better suburbs because their budget allows it.
If you’re struggling to buy a house in today’s strong market, it’s better to make the switch sooner and take advantage of the price gap before every other buyer like you decides to do the same.
The good news is that the widening price gap means if you switch your search, you’ll be able to afford the best apartment you can find because the budgetary step down is huge – at least 50%. Consider this. CoreLogic data tells us that the price gap on the East Coast is 50%-plus. If you’re looking for a house with a $1.5 million budget and keep missing out, then switching your search means you’ll have a $1.5 million budget when the average apartment only costs $750,000. Of course, you wouldn’t spend your house budget on an apartment. Within suburbs, you’d be lucky to find an apartment worth the same money as a house. Switching your search means most likely you’ll be buying a cheaper property, so you’ll have less debt, but you’ll also be able to afford high quality.
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THE FUTURE
DIGITISATION OF THE REAL ESTATE INDUSTRY AND HOW IT HAS IMPACTED PROPERTY DEVELOPMENT Since the beginning of the COVID-19 Pandemic, much like the rest of the world, Australian business has been affected and the “new normal of life and business” has been adapted.
Murray Wood, Associate Director of McGrath Projects, NSW said, “The business is experiencing rapid growth, despite a challenging 18 months where the industry as a whole, has had to be agile and move with the new economic and environmental times in the pandemic.”
One key thing which businesses have had to learn to do, is pivot and think outside the box.
Ensuring that McGrath Projects are operating in a safe and compliant way, is integral to the business and monitoring state by state the current situation as it unfolds daily. With the integration of digital technology touchpoints, the future is looking bright for the industry.
With all industries suffering in some way, the real estate industry in particular has had to be agile with how they comply with the current laws and regulations in place. The property sector – for as long as we can remember – has traditionally included face-to-face in-person contact. This most certainly is the case for property developers in particular and sales agents alike. Potential buyers are used to both seeing and feeling the lifestyle experience they are investing into.
“Enquiries are still strong, and we are seeing more people spending a considerable time online ensuring that they are doing their research before reaching out for more information. Once we get an enquiry through, they are seamlessly connected to an agent. “The entire McGrath Projects team adapted early on in the pandemic with utilising technology to enhance the customer experience. It’s now how we do the vast majority of business,” Mr Wood shared.
Cue 2021 and that has all changed, with the industry having been revoluntionised in the short space of the past 18 months. The industry now operates in a highly digital environment, with people experiencing real-life virtual technology at their fingertips.
Head of Projects QLD, Jo Prince-Gillies agreed and said that despite the restrictions and number of regional lockdowns, her team continued to experience near sell-out sales results, with achieving results of 50% of presales for the developments before going to market.
In these times, we are seeing more one-on-one private inspections and often in the comfort of one’s very own home and at the buyer’s convenience. Prior to this initial meeting, there has already been so much technology that has been transferred between the two parties: from the website enquiry, through to the online brochure and the customer viewing the virtual walk-through of the development plans and often interactive videos showing the lifestyle and overall developer’s vision for the project.
“Our Sunshine Coast developments in particular have been extremely successful and the whole SEQ arm of our business is exceeding our expectations. Our team is still delivering a personalised service, fielding enquiries, just as we always have, but technology allows us to do this seamlessly and conveniently. We are making use of Zoom to call through to buyers and one-on-one inspections are popular with our customers as they feel safe in a more controlled environment,” she shared.
CEO of McGrath Estate Agents, Eddie Law said, that despite the ongoing challenges of the global pandemic, business is strong for McGrath Projects and developments are forging ahead. “The business has traded in line with the sector, namely with high demand from the buyer base. Competition in our primary business has also been quite intense, which has resulted in a significant increase in both activity and revenue in relation to the prior year.” McGrath Projects partners with NewGround that offers pre-sales funding to developers.
CEO of REIQ, Antonia Mercorella shared her insights and said she believes that the current property boom is the biggest one we have seen since 2003 and how agents operate now is different. “Real estate professionals have had to adapt, and we are now even more nimble than ever before. Due to the pandemic, we have had to look for options where physical meetings are not taking place as much as they once have been. Technology has been a huge part of this.
“The provision of cost competitive capital to any developer is a significant feature, whether that be assisting the acquisition of a development site, or by way of the provision of development funding. The funding sourced from alternative sources, other than the main banks, is far more flexible and allows construction to start much sooner with a lower threshold level of pre-sale cover,’’ Mr Law shared.
“We are seeing much higher adoption rates of high-quality photographs, the inclusion of floorplans and the virtual digital walkthroughs and platforms that allow both the potential buyer and the agent to interact and the buyer can ask questions in real time and via email.”
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THE FUTURE
Ms Mercorella shared that in the property development space, developers and sales agents have always been very good at bringing a property to life through digital tools and storytelling. “With lots of interstate buyers who are purchasing off-the-plan, site unseen, we are seeing transactions safely taking place with DocuSign and eSignatures technology that allows the sale contract to be completed by both parties in a safe and trusted environment.”
necessity resulting in an uptake of digital tools that will transform the property industry beyond the pandemic. “Post-pandemic, when someone can’t come to a showroom, for reasons other than a lockdown situation, or they simply don’t have time, or perhaps are an overseas buyer, the agent will now be able to do a highly effective presentation, assisting the buyer to learn more about the project, in a way that best suits them, and at the buyer’s leisure.” The future is looking bright for the property development industry, with a high calibre of prestige property due to commence development in the coming months across the nation.
John Paige, Co-CEO of DisplaySweet shared his thoughts on how technology is revolutionising the industry. “Real estate’s evolution has been fast-tracked more rapidly that any of us could have ever imagined. The entire buyer experience has been re-examined with a fresh lens out of
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FEATURE PROJECT ARTIST’S IMPRESSION
EXCEPTIONAL PENTHOUSE SHOWCASING AN ICONIC SYDNEY HARBOUR PANORAMA
Connected by a sweeping staircase, both levels are seamlessly integrated with panoramic outdoor terraces and balconies. Effortless entertaining is further assured with incomparable Wolf and Sub-Zero appliances, generous butler's pantry and sumptuous, communal wine room for distinctive dining. Transition with ease: two car spaces, abundant storage areas and bespoke amenities and services are all on hand. This landmark stands securely assured with a total of only 10 apartments.
With sweeping views taking in the brilliant foreshore, cityscape and renowned Sydney Harbour Bridge, this residence takes pride-of-place and is guaranteed to excite. Developed by multi-award winning Fiducia Property Group, construction is nearing completion and forecast for November this year.
Superbly positioned amid lush green landscaping in the treelined, blue ribbon belt of the Lower North Shore, the harbour foreshore, ferries, Neutral Bay Village and a myriad of parks all are within easy walking distance.
Spanning an internal area of 163sqm of exceptional design ensuring timeless elegance, its generous proportions are luxurious, light and refined.
Experience the promise of this exceptional lifestyle for yourself. Call to arrange your personal one-on-one tour: Colin Griffin 0419 233 689 or Anthony Flood 0417 262 172
Warm herringbone floors, rich marble surfaces, curved lines and elegant brass accents underscore the graceful Art Deco aesthetic.
FIND OUT MORE ABOUT THIS PROJECT HARRIETTE.COM.AU
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FEATURE PROJECT
ARTIST’S IMPRESSION
ARTIST’S IMPRESSION
ARTIST’S IMPRESSION
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YOUR NEW HOME IS ALMOST READY.
CREATE MEMORIES IN YOUR NEW HOME. 13
NEW SOUTH WALES
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View project GRANDE Experience the sheer size and sophistication of Grande. Architecturally crafted, elegantly proportioned, voluminous spaces showcase bespoke interiors from internationallycelebrated DBI Interiors. They sensitively reference Pyrmont’s unique industrial heritage with a dramatic, yet refined sensibility. Havens of light and style, this sumptuously-crafted collection offers a choice of 4 or 5 bedroom terraces, with the added luxury of versatile rumpus or break out rooms designed for extensive family living. Each bedroom is a true retreat, stunningly appointed and partnered with its own superb ensuite. Upper-level casual living spaces and large balconies allow for an intimate connection to Sydney’s renowned city and Bridge skyline, and the harbourside district of Pyrmont Bay.
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Brand new landmark development
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Extensive sun-drenched outdoor living areas
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Premium, international-quality finishes throughout
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Voluminous expanses, superbly built
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Inspired, desired city-fringe location
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Exclusive release of the final remaining terrace
Providing immense privacy and security, each features its own street address and parking with access via a dedicated private lift and also from its level-access garage. Without question, prestige living on the grandest of scales.
PROJECT STATUS Completed
SUBURB Pyrmont 14
CONTACT Murray Wood 0499 588 133 Jack Sou 0448 114 775
NEW SOUTH WALES
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GRAND REVE A superbly curated collection of contemporary apartment residences new to the heart of Castle Hill. Designed for the most discerning occupant in mind, each home will inspire a new way of life.
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A breath of fresh air for Castle Hill
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Anticipated move-in date mid-2023
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Oak engineered timber flooring
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Wolf appliances (gas cooktops and ovens)
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Moments from Castle Hill shopping and transport
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Display suite open daily by pre-arranged appointment
SUBURB Castle Hill
CONTACT Adam Sparkes 0413 064 319 Max Xue 0433 215 085
Unsurpassed quality awaits you with 196 exquisitely crafted apartments, including: - Studios - One bedrooms - Two bedrooms - Three bedrooms - A selection of oversized two and three bedrooms including some split-level terrace style apartments, many with their own private garden entry. Priced from $560,000 to $1,975,000 there is something to suit all budgets. Developed by multi-award winning Kassis Homes and thoughtfully designed by renowned architectural practice, Turner Studio, Grand Reve is destined to set a new benchmark for modern apartment living.
PROJECT STATUS Register your interest
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NEW SOUTH WALES
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HARRIETTE RESIDENCES Whether looking to luxuriously upsize, or effortlessly downsize, this is the perfect time to secure this remarkable lifestyle.
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Seamlessly integrated living, indoors and outdoors
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Warm herringbone floors, rich marble surfaces
Presenting sweeping harbour and city views, lushly crafted private courtyards, generous terraces and sun-drenched expanses, this tailored landmark stands securely assured with a total of only 10 apartments - just 2 now remain.
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Sleek kitchens featuring Wolf, Sub-Zero, Miele appliances
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Sumptuous, communal wine room for distinctive dining
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Secure garaging. Bespoke amenities and services
Developed by multi-award winning Fiducia Property Group, construction is well underway with completion due at the end of November.
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See for yourself: onsite ‘hard hat tours’ are on now
Exceptionally designed and crafted, these apartment homes’ generous proportions are truly luxurious, light and refined, underscoring the graceful Art Deco aesthetic. Brilliantly located amid lush green landscaping in the treelined, blue ribbon belt of the Lower North Shore, the harbour foreshore, ferries, Neutral Bay Village and a myriad of parks all are within easy walking distance.
PROJECT STATUS Under construction
SUBURB Neutral Bay 16
CONTACT Colin Griffin 0419 233 689 Anthony Flood 0417 262 172
NEW SOUTH WALES
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EAST SYDNEY COLLECTION The East Sydney Collection undeniably makes the most of its exclusive address with a unique, luxurious modernity that sits naturally within Sydney's historical centre.
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Just 300m from Hyde Park, Sydney CBD
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New landmark development by HIGA
Breathing new life into its heritage surrounds with 27 unique 1, 2 or 3 bedroom apartments and grand terrace homes, this prime development is impeccably positioned within the heart of quiet tree-lined streets, mere moments from the CBD.
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Architecturally mastered by MHNDU
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Interiors by Lawless + Meyerson
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Exclusive city-fringe address; Darlinghurst lifestyle
Each are spaciously designed to provide a seamless transition from the world outside into a peaceful sanctuary: inside spaces are seamlessly linked to outdoor terraces, balconies or wintergardens.
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Now under construction; late 2022 completion forecast
Architecturally forward, these homes are beautifully crafted, refined in detailing with an understated, timeless palette. Warm, luxurious and inviting. All residences have exclusive access to the expansive rooftop garden offering immediate views of Hyde Park, the Cathedral and Sydney’s spectacular CBD skyline.
PROJECT STATUS Under construction
SUBURB Darlinghurst 17
CONTACT Colin Griffin 0419 233 689 Anthony Flood 0417 262 172
NEW SOUTH WALES
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View project CALLI APARTMENTS Newly completed Calli features a collection of 2 bedroom apartments in Liverpool. Life in Calli is life connected. Open the door and you’ll discover all that Liverpool has to offer, from Westfield to business precincts, is just a short walk away. High value and highly connected – Calli lets you live the lifestyle you desire. Calli has something for everyone. Each apartment is modern and spacious, and generous communal spaces provide vibrant opportunities to entertain and relax in equal measure. Modern design principles ensure that you make the most of your space, while Calli’s open balconies, parkside location and rooftop gardens create a meaningful connection to nature.
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2 bedroom furnished display apartments now open
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Fantastic choice of apartment designs
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Generous balconies and outdoor spaces
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Apartments have attractive aspects
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Surrounded by leading educational institutions
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Constructed by award-winning Lipman
With only a limited number of apartments available for purchase, Calli's high quality homes are a rare and special opportunity for you to embrace the Liverpool lifestyle.
PROJECT STATUS Completed
SUBURB Liverpool 18
CONTACT Glen Craigie 0401 529 930
NEW SOUTH WALES
View project NEWLIFE BONDI JUNCTION Here, you can have it all.
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Complete; ready to move in now
It starts with an outstanding location: just between Sydney’s CBD and world-renowned Bondi Beach where the streetlife is vibrant; nearby parklands, tranquil and green.
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Only 5 now remain
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One 1 bedroom + study and four 2 bedrooms on offer
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Caesarstone. Gaggenau. Oak flooring. Marble accents
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Moments to Westfield Bondi Junction and Bondi Beach
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Developed by TWT with a first-rate build by Parkview
Each luxurious, executive residence makes the most of naturally flowing open space, bringing the outdoors seamlessly inside. Magnificent panoramas are also on offer: city-facing homes take in Centennial Park, Sydney’s skyline, the iconic Harbour Bridge and Opera House. Looking South, the views extend to Botany Bay. The Pacific Ocean glistens to the East. Curated to make the most of light and nature, the interiors evoke a sense of calm and elegance. All this is crowned by the sky-high rooftop garden, an oasis breathtakingly spanning the beauty of Sydney, bringing NewLife’s community together through shared space.
PROJECT STATUS Completed
SUBURB Bondi Junction 19
CONTACT Colin Griffin 0419 233 689 Anthony Flood 0417 262 172
NEW SOUTH WALES
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View project BORONI APARTMENTS Due for completion 3rd quarter this year, Boroni is ideally located in a quiet street near transport, shopping, schools and parks. The brand new spacious 1 bedroom apartments feature efficient light-filled floorplans that appeal to all tastes. Boroni offers a perfectly balanced lifestyle. Sophisticated apartments, built within a quiet residential area, let you relax in comfort and serenity. Then, for moments when you seek more activity, the CBD's of Fairfield and Parramatta are just a short walk and drive away. Boroni lets you live a fulfilling urban live.
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Construction completing 3rd quarter 2021
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Brand new display now open
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Located close to shopping, parks, transport & schools
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Split system air-conditioning
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1 bedroom apartments
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Each feature efficient light-filled floorplans
With only a highly limited number of apartments available for purchase, Boroni’s high quality homes are a special and exclusive chance to embrace the Fairfield lifestyle.
PROJECT STATUS Under construction
SUBURB Fairfield 20
CONTACT Frank Bartolone 0411 477 758 Angela McInerney 0435 348 141
NEW SOUTH WALES
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EAST VILLAGE Set in a welcoming sought-after neighbourhood, these 22 unique garden residences exhibit timeless qualities and are a collection of one, two and three bedrooms.
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Completion expected November 2022
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Priced from $650,000 - $1,250,000
Sophisticated interiors showcasing custom lighting, premium kitchen and bathroom finishes and contemporary architecture. Emphasizing timber textures and natural elements throughout, the interiors flow to the wonderfully appointed private court gardens.
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Superbly central location just 10 minutes to M1 motorway
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Every residence opens to its own private court garden
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Opportunity to capitalise on area's projected growth
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Display gallery located 50 minutes from Sydney
The opportunity to own a residence crafted through collaboration between celebrated designers White Dickson Architects and visionary landscape designer Michael Cooke is unique to the market. A choice that will be rewarded with a quiet and peaceful enclave with options to embark on local coastal adventures or home entertaining and relaxation in your garden of character. Only a short stroll away from a buzzing café culture, winding shoreline and foreshore parks, this established neighbourhood is located within easy access to Erina Fair shopping centre, Terrigal Beach, train station and M1 motorway.
PROJECT STATUS Register your interest
SUBURB East Gosford 21
CONTACT Mike McGill 0418 118 407 Bec Myers 0401 859 548
NEW SOUTH WALES
LD O S UT O
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GALERIE Overlooking popular Town Beach and its adjacent parklands, in the heart of William Street’s stylish cosmopolitan hub, ‘Galerie’ is destined to become Port Macquarie’s most exclusive address. A state-of-the-art residential landmark, capturing a breathtaking panorama across golden beaches, rolling surf and wide blue ocean, to the far northern coastline. ‘Galerie’ presents 29 luxurious, two or three-bedroom air conditioned apartments, plus penthouses and town houses, each impressing with only the very finest inclusions, selectively incorporating lifestyle features such as butlers’ pantries, media rooms, terrace barbecues and more. Engineered timber flooring harmonises with contemporary decor, as gourmet stone kitchens integrate premium Miele refrigeration and appliances.
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Congratulations to all 35 new owners
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Port Macquarie’s premier beachfront location
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Directly opposite magnificent Town Beach and parklands
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Prestige project by highly acclaimed ‘BLOC’ developers
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Unique designs, all with uncompromised quality and style
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State-of-the-art residential landmark now sold out
The ultimate in unabashed beachfront opulence, with sparkling swimming pool and extensive entertaining facilities, idyllically located just a short coastal stroll from Port Macquarie’s vibrant CBD; ‘Galerie’ is where lifestyle begins.
PROJECT STATUS Sold Out
SUBURB Town Beach Port Macquarie 22
CONTACT Todd Bates 0420 318 305 Steve Newman 0425 252 520
NEW SOUTH WALES
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CLEARWATER APARTMENTS Proudly positioned, opposite popular cafés, shops and medical centres, a short stroll from Westport Bowls, Settlement City, the CBD or waterfront and with broad views across pristine waterways to the far northern hinterland, construction has commenced at ‘Clearwater’, which will shortly emerge as Port Macquarie’s finest one and two-bedroom CBD apartment complex. With a design catering expressly for luxury one or twobedroom CBD living, ‘Clearwater’ provides a unique option for occupiers and investors alike, its interiors impressing with select highland oak flooring, gourmet stone kitchens, state-of-the-art bathrooms and ensuites plus more, as generous air conditioned living spaces open to broad entertaining terraces. At ‘Clearwater’, accommodation is of a truly exceptional standard.
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Exclusive development of 1 and 2-bedroom apartments
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CBD locale, easy access to education and health facilities
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Premium finishes throughout; prestige in-town living
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Air conditioned living spaces open to private terraces
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Currently under construction, only 2 remaining
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Outstanding opportunity for occupiers and investors alike
Located in Port Macquarie’s commercial hub, with easy access to hospitals, schools, TAFE, university and airport, this development has been limited to just 17 apartments.
PROJECT STATUS Under construction
SUBURB Port Macquarie 23
CONTACT Nathan Owen 0422 144 720 David Geary 0413 681 125
NEW SOUTH WALES
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View project EVERARD AT FLYNNS BEACH It’s here, ‘Everard at Flynns Beach’ presents as a brand new development of 11 luxury two and three-bedroom apartments, positioned literally metres from popular cafés and eateries, with the rolling surf and golden sands immediately at the end of the street; luxury beachside living, in appealing designs to suit a range of individual lifestyle options. With selections ranging from attainable luxury to expansive opulence, ‘Everard at Flynns Beach’ offers apartments to delight the broader discerning demographic, but the quality of finishes is consistently outstanding. Air conditioned living, fine tiles, gourmet stone kitchens with superior Smeg appliances, stunning bathrooms and ensuites; the list is endless and the result, genuinely impressive.
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Just five minutes from Port Macquarie CBD
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Eleven luxurious two and three-bedroom apartments
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Popular cafés nearby include café adjacent to the surf
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Healthy walk to CBD via adjacent coastal walkway
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Relaxed lifestyle or very rewarding investment
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Currently under construction, only 5 remain available
Select 'premium' apartments include direct elevator access, private terraces and intimate ocean glimpses, whilst views from the shared rooftop terrace are absolutely stunning.
PROJECT STATUS Under construction
SUBURB Port Macquarie 24
CONTACT Nathan Owen 0422 144 720 David Geary 0413 681 125
NEW SOUTH WALES
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BANYANDAH Set within the idyllic surrounds of South West Rocks, in a quiet cul-de-sac leading to the clear blue waters of Spencers Creek, ‘Banyandah’ will shortly become a coveted and highlyexclusive, gated complex of just six premium single-level villa homes; each a haven of comfort and style, offering secure living in pristine surrounds, at an idyllic lifestyle locale on the New South Wales Mid-North Coast. These architecturally inspiring, fully detached homes will offer superior finishes throughout. Timber-grained vinyl planking will provide beauty and practicality, harmonising with fine tiles and quality carpets. Each will have three generous bedrooms. Stylish ensuites will impress, stunning bathrooms will feature contemporary free-standing tubs, gourmet kitchens will present with premium cabinetry and appliances, while open-plan living will flow to alfresco terraces and easy-care gardens.
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Six fully detached, architecturally inspiring villa homes
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Sublime location, metres from pristine Spencers Creek
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House-like designs feature three generous bedrooms
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Superior finishes throughout; homes to enjoy with pride
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Just minutes to town centre, cafés, clubs, golden beaches
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Only 3 remain available, $580,000 - $600,000
‘Banyandah’ translates to “home on the water” and paired with the sublime tranquillity of South West Rocks, its appeal is unmistakable. Positioned metres from the pristine, gentlyflowing waters, just minutes from town centre and beaches.
PROJECT STATUS Under construction
SUBURB South West Rocks 25
CONTACT Todd Bates 0420 318 305 Dean Glen-Holmes 0459 999 095
VICTORIA
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View project THE PARK HOUSE Brand new 1 and 2 bedroom apartments ready to occupy.
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Developer to pay 50% Stamp Duty until 30/09/21
The Park House has been thoughtfully designed for the most discerning occupant in mind. Located on the banks of the Yarra River in a tranquil north facing position opposite Studley Parklands and just around 3kms from the CBD.
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1 Bed $470,000 - $575,000; 2 Bed $643,000 - $900,000
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Award winning SJB Architects & Carr Design
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Sustainable 6+ Star Green living inside and out
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Victoria Gardens Shopping Centre just minutes walk
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The Park House is the ultimate lifestyle choice
Boasting world-class resident amenities at your fingertips including 20M indoor heated pool, gymnasium, cinema, resident’s lounge/library, kids play hut, bike workshop and golf simulation room. Every Park House apartment features: • Gaggenau appliances • Premium custom-designed fittings and fixtures • Extensive joinery in kitchens and bathrooms • Stone bench tops • Double glazing • European Oak engineered timber floorboards • Bulkhead VRV system airconditioning with rooftop condensers • Basement car park with storage (option to buy, only for 1 bedrooms)
PROJECT STATUS Completed
SUBURB Abbotsford 26
CONTACT Gary Jan 0418 117 272 Rod Adkins 0425 877 837
VICTORIA
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BALMORAL QUAY Located right on the water in Rippleside, Balmoral Quay is a collection of beautifully designed and magnificently appointed townhouses and apartments that connect residents to the very best Geelong has to offer. Elegantly arranged along the picturesque foreshore, these residences provide peerless quality, refined living and one of the most spectacular outlooks you could ever hope to enjoy. Each residence features spectacular open plan living spaces that flow out onto balconies and terraces, taking full advantage of the breathtaking views across the water. They have been meticulously designed, utilising the finest finishes to create homes that are elegant and timeless.
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60% sold and construction commencing shortly
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Opulent floor to ceiling tiles and brushed nickel tapware
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Contemporary design with low maintenance living
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Abundance of windows allowing natural light throughout
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Climate control is taken care of via ducted heating, A/C
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Ideal access for Melbourne commuters
The materiality of the residences takes inspiration from the surrounding environment and has been artfully arranged to provide high quality, versatile spaces. There is an inherent sense of quality that is immediately apparent in every residence. From the fixtures and finishes, to the carefully selected mix of textures, everything feels timeless and refined.
PROJECT STATUS Register your interest
SUBURB Rippleside 27
CONTACT Jim Cross 0408 305 615
VICTORIA
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NO.29 MERVYN Located in revered Newtown, 29 Mervyn Street showcases three individual residences, masterfully crafted with modern opulence.
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Contemporary architectural materials and colour tones
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Kitchen features Miele kitchen appliances
Designed by Kiril Architecture, specialists in bespoke homes for sophisticated living, these three and four bedroom lavish residences invite you to experience timeless luxury and individual privacy in peaceful seclusion.
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950mm gas log fireplace and ducted heating throughout
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European Oak engineered timber floorboards
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Integrated security system & double glazed windows
Every aspect has been carefully considered, with flexible multi-zone living, allowing adults and children to find their own solitude while also being able to come together with ease. Ground floors feature an open plan kitchen, dining and living area with gas log fireplace and separate functional laundry. Prepare gourmet meals with ease in a kitchen boasting striking stone benchtops complete with Miele appliances and an abundance of storage.
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Double garage with internal access
The open living areas are bathed in natural light, with vistas of surroundings through expansive double glazed windows and open to the generous deck creating the perfect indooroutdoor oasis.
PROJECT STATUS Under construction
SUBURB Newtown 28
CONTACT David Cortous 0416 164 336
More satisfied investment property owners
McGrath Property Management look after you, as well as your rental property. By always keeping you well informed with unrivaled market intelligence, reports on your property and the state of the rental market. Contact McGrath today and let us review your rental property and tell you how McGrath can give you a great return for your property.
mcgrath.com.au/rent PROPERTY MANAGEMENT
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QUEENSLAND
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HABITAT | BEACH HOMES After the successful sale of Stage One, McGrath Projects is proud to present Habitat Twin Waters: the final release. On a rare and exclusive beachside location, Habitat embraces the style, sophistication and culture of urban living. These are coastal residences like no other, low maintenance and a place where you can retreat to the comforts of home or engage in adventure and activity to your heart's content. Adjacent to Novotel Sunshine Coast, Habitat is positioned so residents can have it all, uncompromised.
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Stage 2 – Beach Homes at Twin Waters
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Positioned between the ocean and a lagoon
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A sought-after position within the Novotel Twin Waters
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Resort facilities include gym, mini golf, outdoor pool & spa
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Dine at Novotel’s Nouveau Restaurant and SOLA Bar
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Located only 10 minutes to Airport and 1 hour to Brisbane
This new and final release presents an exclusive number of beach homes; spacious and finely crafted by design. This is your chance to secure a beach home prior to public launch and with the sold out success of Stage One and high volume of interest received we don't see these being on the market for very long.
PROJECT STATUS Register your interest
SUBURB Twin Waters 30
CONTACT Jo Prince-Gillies 0448 911 016
QUEENSLAND
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EDEN ON ESKGROVE Where lifestyle meets living. Your days of picture blue skies, the cosmopolitan and the relaxed lifestyle of Brisbane awaits. Nestled in the leafy inner-riverside suburb of East Brisbane, Eden on Eskgrove offers the best of the best. Tucked away in a quiet enclave next to the beautiful Mowbray Park, this beautiful boutique development comprises of nine luxurious and spacious, two and three- bedroom residences. Bordered by the Brisbane River, this boutique address boasts convenience, being located just minutes from the city, via CityCat. Close to schools, parks, cafes and restaurants and the Gabba, East Brisbane is the city’s best kept secret.
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Completion anticipated August 2021
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Classic European kitchen finishes
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Light filled open plan kitchen and living
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Timeless and chic architecturally designed
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State-of-the-art smart security systems
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Only 5 mins to Brisbane CBD
With a premium quality lifestyle at your doorstep and embracing the best of inner-city residences, this development will be in high demand, once released and the secret is out. The interiors are uncompromising with unapologetic classic design and no expense spared, to ensure that each and every residence has been beautifully detailed with each individual resident’s needs in mind.
PROJECT STATUS Register your interest
SUBURB East Brisbane 31
CONTACT Jo Prince-Gillies 0448 911 016
QUEENSLAND
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THE BEACHFRONT Each residence features aesthetic design, an abundance of natural light and spaces, exceptional finishes, stunning views and convenient access to a private residents-only pool, corner store and cafe. The building exterior strikes a unique balance between architectural artistry and natural form. Bold architectural lines are enhanced with vertical timber screening, complementing the botanical allure of the cascading natural greenery to create an urban oasis with sub-tropical coastal character. Our development offers a selection of 3 & 4 bedroom designer apartments with extensive balconies and terraces taking in some of the most breathtaking views. Finest quality inclusions, loads of storage, and double garage for every apartment are just a tiny example of how far the design team and developers have gone in providing this top of class living experience.
PROJECT STATUS Register your interest
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Quality fixtures and fittings with European appliances
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Open planned layouts with large balconies
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Most residences include a separate beach room at entry
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Secure double parking and serviced elevators
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Resident’s only pool with changing room
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Recreational seating area & landscaped gardens
SUBURB Buddina 32
CONTACT Jo Prince-Gillies 0448 911 016 Corrin Banks 0431 984 909
QUEENSLAND
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UPPER WEST Upper West Arana Hills presents 26 luxurious architecturally-designed terrace homes, situated in the heart of the ever popular suburb of Arana Hills. Stylish and elevated, these stunning properties overlook expansive natural bushland and greenery, which is your neighbour. This boutique development consists of luxurious, three storey, architecturally-designed terrace homes. Each stunning residence features either 3 or 4 spacious bedrooms, modern bathrooms, a beautifully appointed kitchen, ducted air conditioning, BOSCH appliances, Caesarstone benchtops and an open planned living area flowing naturally onto a private terrace.
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Construction has commeneced
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Completion set for early 2022
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26 boutique luxurious terrace homes
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Brought to you by Avalon Developments
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Approximately 13km from Brisbane CBD
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Surrounded by park lands, local schools and shops
Bathed in natural light and air, every element of Upper West has been thoughtfully considered to capture nature and ventilation. Simple, clean modern lines, open air and soft sunlight serenely illuminates the living room. The interiors feature natural tones and luxe materials for a neutral palette, to keep your home feeling refined.
PROJECT STATUS Under construction
SUBURB Arana Hills 33
CONTACT Daniel Jowitt 0438 512 661
QUEENSLAND
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HAWTHORNE RESIDENCES Presenting Hawthorne Residences - expansive light filled layouts with state-of-the-art inclusions throughout, no expense has been spared to create the ultimate of luxurious, low maintenance living. This is your chance to secure before we launch! This exclusive boutique development comprises of just 13 brand new residences. Its breathtaking interiors were purpose-built for entertaining, featuring oversized living and dining spaces.
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Boutique development of only 13 residences
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2, 3, 4 & 5 bedroom plans available over 3 floors
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Light filled open plan kitchen and living
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Lavish interior finishes with superior design elements
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Modern bathrooms giving a feeling of timeless opulence
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Secure now and move in late 2021
Located within the highly regarded and sought-after suburb of Hawthorne and walking distance to premium Bulimba and the river, it is only meters away from a selection of esteemed restaurants, popular local bars, boutiques and shopping amenities, providing enviable access to everything that Brisbane has to offer via Hawthorne or Bulimba ferries.
PROJECT STATUS Under construction
SUBURB Hawthorne 34
CONTACT Jo Prince-Gillies 0448 911 016 Simon Chipman 0473 938 180
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We believe information contained in our Monthly Report is accurate however interested parties should rely upon their own enquiries. Photography and computer generated imagery are indicative only.
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