Issue 12 | The Property Development Review

April / May 2020

Inside This Issue

In-Conversation: Don O'Rorke Market Moves: Around the Country National Development Site Listings

Editor in Chief Rob Langton, The Property Development Review Nick Materia, Development Ready Editor Jack M. Gaffney, Development Ready Design Cam Norris Contributors Ana Narvaez, The Urban Developer Dinah Lewis Boucher, The Urban Developer Ted Tabet, The Urban Developer Adam Di Marco, The Urban Developer Contact Development Ready Pty Ltd Level 1, 167-169 Buckhurst Street, South Melbourne VIC 3205 Tel. 03 9631 5476 Advertising Enquiries rob@developmentready.com.au Editorial editor@developmentready.com.au Published by Development Ready proudly in partnership with The Urban Developer.

Welcome to Issue 12 of The Property Development Review.

Development Ready, like the majority of businesses around the globe, has felt the impact of the COVID-19 virus. We are entering an unprecedented period of economic activity awaiting us all on the horizon. But every dark night is followed by a dawn.

Inside This Issue April / May 2020

It may come from your partner, your colleague or someone at the supermarket, but you’ll no doubt often hear at the end of some positive parlance “…when we get to the other side of this”.

‘The other side’ is hopeful and aspirational and with it comes a temptation to wait for ‘the other side’ to arrive.

Well we’re not waiting, and we don’t think you should be either.

Maintaining Momentum. At Development Ready, we have not slowed down. Our team are hard at it, working diligently from a distance to continue implementing new marketing strategies and introducing fresh innovative products. Importantly, we’re consistently talking to our client Agents and developers at the coalface to garner daily market insights.

Tasmania & ACT Markets Launch. We have recently successfully launched Development Ready in both Tasmania and the Australian Capital Territory. Be sure to review the new development and investment opportunities featured in these two burgeoning markets, both inside this edition and on our website.

In-Conversation: Don O'Rorke Page 02

Live Off-Market Property Forum. Soon to be launched is an Australia-First, live online forum, which will allow agents to connect with active developers and development groups in an off-market playground – stay tuned!

Much More Video Content. We’re investing more energy in Video, bringing you face to face interviews with the industry’s most insightful experts. Included inside this issue of The Property Development Review you’ll find conversations with leading industry leaders such as the renowned Don O’Rorke of Consolidated Properties, Matthew Hyder from Legacy Property, Illan Samuel of Samuel Property and George Burbury and Scott Trimbell from the Knight Frank team.

Construction Costs Rise Across Australia Page 04

Getting ‘Battle Ready’. Relevant to our current environment, Harold Mitchell, founder of Australia’s largest media buying agency - Mitchell & Partners, once penned in a piece detailing the opportunity to be found during the industry wide summer-break, “Work on getting ‘battle ready’ while everyone else works on their tan”.

In addition to the informative interviews we’ve recently conducted, Issue 12 of TPDR contains an abundance of material to hold your momentum during this period. You’ll find a snapshot of property sales over the past month (revealing a market that is holding strong), how NSW has fast tracked construction and development planning, the impact of COVID-19 on hospital developments around the nation and all the latest significant property development sites for sale.

Over the next three months, Development Ready anticipates that numerous strong buying opportunities will come to market. 2020 itself is going to be one of the most memorable years in our history and will possibly re-define what we view as normal. The motivated, will tell stories of their triumphs, the apathetic will become a statistic. What shape will you be in when we get to the other side?

Market Moves: Around the Country Page 06

Best wishes and enjoy the read.

Nick Materia, Founder & CEO, Development Ready

Australia Wide National Site Listings

In Conversation: Don O'Rorke

From billion-dollar urban renewal projects to CBD high-rise towers, Don O’Rorke has just about done it all. A proud Queenslander, Don’s entrepreneurial spirit was evident early on as he picked watermelons during summer school break, often buying whole crops that he would then on-sell to the Brisbane markets.

Following high school, Don entered the real estate sector taking up a role at Ray White Richard Ellis, which has since evolved into Ray White and CBRE respectively. With significant hands on experience thrust upon him Don was quick to learn. Of all the mantras that he took away the most prevalent and persistent has been – “Get there first and do the deal”.

His move from agent to developer came in 1980. “I observed that we were finding the tenants and we were finding the sites and then taking the package to a developer. So a small group of us decided to try one of those transactions ourselves.”

This was the birth of Consolidated Properties Group. Their inexperience regarding the development process was self-evident and inspired Don to join an established de-

velopment company for 12-months. During this time, he worked concurrently with Consolidated Properties Group to develop their second project. He was just 21 years of age at the time.

As a founding member of Consolidated Properties Group, Don has successfully shaped the business over 40 years to its current $2.1 billion development pipeline.

His company is responsible for some of Brisbane’s most recognisable residential and commercial buildings; from the $850 million 14-hectare urban renewal project planned for Yeerongpilly, to a 49-lot residential land subdivision located in Kingscliff, to a recently approved $250 million office tower in Fortitude Valley.

Don is devoted to instilling strong values into the business and is focused on building sound and lasting relationships with stakeholders and business partners. One such relationship is with Scott Hutchinson, chairman of Hutchinson Builders, one of Australia’s largest construction companies.

Scott and Don’s friendship started at the age of 11 at a Brisbane boarding school. While their friendship remains strong, it sits separate to their business relationship. Consolidated Properties Group operates with Hutchies as it does with every stakeholder they interact with; honestly and fairly. They have built a reputation of being relationship

CEO & Chairman, Consolidated Properties

02

Image: Consolidated Properties

focused, over chasing a hard-dollar-tender.

“We have a belief that we know within reason what the price of something should be.

So we’re happy to pay a dollar for a dollar’s worth of work. And we’re happy to back ourselves that we can negotiate in a very fair way without having to go to a tender market.” Don added. “That relationship approach means we get really good service and we don’t have the angst of litigation and other adverse outcomes that can arise from the hard-dollar-tender market.”

The way Don O’Rorke conducts himself professionally has resulted in a revered and widely appreciated reputation. Many look up to him and many hold his opinion with considerable esteem. Development Ready’s Rob Langton was fortunate to sit down for an in-depth exchange with the formidable industry expert to hear about the personal and professional philosophies that led him to where he is today.

Watch Now

QLD

The Property Development Review

"Get There First and Do the Deal."

Don O'Rorke

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National News

Construction Costs Rise Across Australia

Housing construction costs rose over the first quarter of 2020, with a steady 1 per cent increase, according to Cordell. This was slightly up from to the last quarter at 0.9 per cent with analysts anticipating the impact Covid-19 was yet to be felt.

Despite a negative outlook on the industry from many analysts, construction in Australia continues to go ahead and house prices have remained steady with states expected to ease restrictions in the coming months, providing Covid-19 rates remain low.

“Covid-19 will likely have some influence on the movement in the CHIP index due to factors such as the availability of labour, and price of materials,” Corelogic said. “At this stage it is a little too early to see what impact it will have, but it is more likely to be a deflationary movement, as a surplus of labour becomes available while the commencement of new projects slows.” This sentiment was reflected by developers reluctant to push ahead

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Image: The Urban Developer

with new projects and analysts predicting construction activity to decline. According to the report while dwelling approvals and employment in construction increased at the start of the year it could change.

“The ABS have noted on both the building approvals and labour force datasets that they are currently monitoring for potential impacts from the coronavirus so again this will be something to watch.” Corelogic uses the Cordell housing index price index to measure costs within the residential market for freestanding, semi-detached single and two-storey homes including carpentry, joinery, excavation, concrete work, preliminary, roofing, plumbing, brickwork, painting, plastering, electrical, glazing and hardware.

Ana Narvaez, The Urban Developer

Breakdown: State Growth State

Quarterly Growth

Annual Growth

Capital City House Price Growth Q1 20

NSW

0.9%

3.6%

3.9%

VIC

1.0%

3.8%

2.9%

QLD

1.1%

4.0%

1.6%

SA

1.0%

2.8%

0.6%

WA

1.0%

2.9%

0.9%

Comb.

1.0%

3.6%

1.98%

The Property Development Review

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Market Moves

Market Moves Around the Country

With the property development sector, and the nation at large, heading into unprecedented times as a result of the COVID-19 virus, many have been watching the property market with fervour. It’s been positive to see that over the past four weeks the impact has not been as severe as first predicted with many assets continuing to achieve a transaction. As a result, numerous new sites are anticipated to come onto market in the forthcoming months.

VIC Dexus and a Singapore sovereign wealth fund titled Government Investment Corporation have settled with Kuwait’s St Martins Property, securing a half share of the Rialto Melbourne complex for $644 million; above expectations for the market during the COVID-19 outbreak.

An unfinished office development in Collingwood changed hands off-market from Aus Finance Group to Australian funds manager RF CorVal for $75.5 million. The 8,600sqm project, at 71 Gipps Street, was settled following a large leasing pre-commitment to IWG for 40% of the building. Aus Finance Group will still oversee the delivery of the Hayball Architects-designed project, named GCQ.

A yet-to-be-built office in Victoria Place in East Melbourne was picked up by Singapore’s ARA Asset Management with the backing of Canadian institutional investor, QuadReal Property Group for around $70 million.

The site is set for completion in 2022 and will have an end value of $328 million. Time & Place, one of the vendors, sought development approval for an 11-level, 26,300sqm commercial complex before putting the site on the market and will be responsible for the

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site’s construction. A 13.6 hectare factory located at 385-397 Francis Street in Brooklyn in Melbourne’s west traded from Qube Holdings to the MaxCap Industrial Opportunity Fund for $65 million. The new owners have announced that they will create a business park, subdividing lots to appeal to small and medium sized industrial developers and investors.

Highly active investment and development company CostaFox acquired Melbourne’s iconic and heritage listed Robur Tea Building at Southbank for $28 million.

Hellenic Property Investments agreed to pay Cedar Woods close to $26 million for a new Emergency Communications Facility in Williams Landing in Melbourne’s southwest. The pre-sale reached settlement following the recent completion of the 3,126sqm office building, which is leased to the Victorian State Government.

The Brunswick Market, a two storey shopping centre in the middle of Sydney Road in Brunswick, has recently found new owners for $17 million following an off-market campaign.

NSW A commercial asset located at located at 191 Thomas Street in Haymarket in the Sydney CBD generated significant interest from both onshore and offshore buyers before selling for $80.08 million to an offshore syndicate. The 8-storey property encompasses 4,797sqm of net lettable area (NLA) and was sold 100% leased.

A convenience-based, large format retail centre in Auburn in Western Sydney has traded for $46 million, changing ownership from Altis Property Partners to an offshore de-

veloper. Altis purchased the asset in 2014 for $21 million and proceeded with a redevelopment and refurbishment project, which they completed in 2018.

Also selling for $46 million was the Quest serviced apartments in Macquarie Park, snapped up the Ascott Residence Trust (ART). Located at 71 Epping Road, the property offers 111 serviced apartment style hotel rooms comprising a mix of studios, one and two bedrooms apartments, with full kitchens and laundry facilities.

A newly completed, freestanding 60room hotel in Pyrmont, developed by a private Taiwanese family, was scooped up by Malaysian corporation IGB for $28.7 million.

The new owners are yet to announce the market position and management of the hotel.

Sentinel Property Group sold the high performing Riverdale Shopping Centre in Dubbo to a private investor for $20.1 million. Upon sale, the centre was close to 100% leased, with Woolworths last year taking up a five-year option.

QLD Elanor Investors Group settled on two health and medical sector assets in Spring Hill and Southport from healthcare real estate investment trust NorthWest for a combined $123 million. The new assets have been added their unlisted healthcare fund, with Elanor further stating intentions to add more high-quality commercial healthcare real estate assets to the fund.

The Great Western Super Centre in Brisbane’s Keperra was sold to Consolidated Properties Group and CVS Lane Capital Partners for $84.5 million. Vendors, Telstra Super and Charter Hall Retail REIT, paid $62.9 million for the asset seven years ago.

The Gold Coast’s Circle on Cavill shopping centre sold successfully to Macau-based businessman, Loi Keong Kuong, for $61.8 million. The 12,364sqm arcade was originally purchased by vendor EG for $40 million in 2011, with a $13 million renovation preceding the recent re-sale.

An A-grade CBD office in Brisbane’s coveted ‘Golden Triangle’ was picked up by PGA Properties for $53.5 million. The 14-storey building, situated at 410 Queen Street, encompasses 5,704sqm and was sold with the commercial component around 94% leased.

Vendors RG Property acquired the building, known as 410Q, for $28.8 million in 2011 and proceeded with a $5.5 million upgrade and reposition. An offshore-based Taiwanese shopping centre investor swooped in to secure the

The Property Development Review

Taigum Village Shopping Centre in Brisbane’s north for $26.35 million. The sale centre was sold with more than 80% of the space leased to Coles on a 20-year lease.

WA

sale and lease-back. Parramatta based boutique developer Revelop scooped in to secure the Newton Village Shopping Centre in Adelaide’s north-east for around $30 million. The 9,965sqm building area, sitting on a 2.2-hectare block, was anchored by two major supermarkets Coles and Woolworths, as well as 25 other specialty stores.

With Adelaide’s CBD continuing to see significant action, a four-storey office building at 214 Pulteney Street also reached positive settlement, trading for $2.25 million. The 446sqm building was sold fully leased returning an annual net income of $150,000 p.a. and includes undercover parking.

A modern showroom in Osborne Park, around six kilometres north-west of Perth’s CBD settled successfully for just shy $12 million. The 6,862sqm mixed retail and industrial asset, located at 21 King Edward Road, sits on a 1.06-hectare landholding zoned for development.

Separate private investors from Singapore snapped up two leased fuel stations for a combined total of more than $4 million. The first asset, located at 194 Canning Road in Lesmurdie, was sold for $2.35 million with an 8.5-year plus options lease returning $187,464 pa. The second, located at 66 Sylvia Street in Nollamara, was sold for $1.81 million with a 15-year lease plus options, returning $150,000 pa.

Two suburban lots in Perth’s south-east suburb of Haynes settled for $3.3 million.

The two lots encompass a total landholding of 39,954sqm located within Precinct 12 - Armadale of the MRA's Wungong Urban Water Project Area.

The site of a former medical centre in Welshpool in Perth’s south-east transferred ownership from Gizmo Investments to an owner-occupier for $3 million.

SA Ginos Group, the developer behind the TRYP

by Wyndham Pulteney Street hotel development, has sold the Regent Arcade in Adelaide’s Rundle Mall in an off-market deal worth $48.5 million. The new Hong Kongbased owner has indicated that they will conduct improvements and attract new tenants to the arcade, which currently sits at around 40% vacant.

The Adelaide Mail Centre, a multi-faceted gateway site on Gouger, Grote and Blenheim Streets in Adelaide’s CBD, was said to be sold and under contract in a deal between Australia Post and Kennards Self Storage worth $40.6 million. The large 17,924sqm site has favourable Capital City Zoning allowing Kennards a range of development outcomes, however it is believed that they will pursue a

Image: Rialto Tower, Melbourne

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08

The Property Development Review

09

▶ Market Overview ▶ Dexus & GIC Make Rialto Towers Play ▶ Victorian Listings

VIC Melbourne 10 37.8136° S, 144.9631° E

The Property Development Review

Market Overview: Thoughts From The Agent & The Developer

The Agent: Julian White, CBRE Julian White heads up the CBRE Melbourne City Sales & Development Sites team, and is responsible for the sale of commercial, retail and development site properties within Melbourne’s CBD and city-fringe suburbs. Across his 12+ years of experience within the industry, Julian has become a widely recognised figure of the commercial sector, having transacted more than $1 billion in sales in the last two years alone.

Development Ready’s Rob Langton had the pleasure of joining Julian recently to dissect his take on the current market and how his team are adapting to the new conditions. The two industry experts discussed the ‘early days’ perception of the COVID-19 virus and its impact

Image: CBRE

on deal flows with regards to active vendors and buyers.

Julian’s perspective on the current real estate market is an invaluable resource with outlooks changing on a weekly and sometimes daily basis. The initial market reaction to the unknown implications of the virus may have stilted some of 2020’s initial momentum but in Julian’s eyes “there’s potential for this to be a very good time for buying, to build pipelines… so that post COVID-19 you can take advantage of a strong residential and mixed-use sector.”

12' Watch Now

Continued on Next Page

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Victoria

Market Overview

Market Overview

The Developer: Illan Samuel, Samuel Property Illan Samuel is Managing Director at Samuel Property, a family-owned Melbourne-based property development firm, which specialises in high-end multi-residential projects. Illan founded the firm around 10 years ago and in that time has emerged as one of Melbourne’s most progressive new contributors within the contemporary residential landscape.

Graduating with a Business Property degree from RMIT, Illan went to take roles as a valuer at M3 Property and Fitzroys Real Estate. A burning interest to transition into property development, as his father had done before him, led Illan to establish his own firm and seek undervalued development sites in areas that he felt were being overlooked. Through the last decade, Illan has guided the modestly sized Samuel Property team through Melbourne’s most esteemed residential neighbourhoods with an attitude that remains humble and hungry.

Development Ready’s Rob Langton recently sat down with Illan to discuss his accumulation of experience and the strategies that were put in place to elevate Samuel Property into the stratosphere of Melbourne’s residential development elite.

24'

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Watch Now

Image: Edition Toorak by Samuel Property

The Property Development Review

Dexus & GIC Make $644m Rialto Towers Play

» ASX-listed Dexus has struck a joint venture deal with Singaporean wealth fund GIC snapping up a half share in Melbourne CBD’s Rialto Towers, stirring confidence in the office tower market.

Dexus, Australia’s largest office building landlord, exchanged contracts to acquire a 50 per cent interest in the Rialto Towers in Melbourne’s CBD for $644 million. GIC will hold a 90 per cent share in the joint venture and Dexus will hold the remaining 10 per cent, with the Collins Street purchase owned alongside the family owned Grollo Group. The latest acquisition puts the 525 Collins Street Rialto Towers value at around $1.29 billion.

Dexus is the investment manager of the joint venture and appointed as the manager of the entire Rialto Towers complex. Dexus chief executive Darren Steinberg said that in the current Covid-19 environment the group is “focused on business continuity”.

Image: The Urban Developer

“And pleasingly were able to close this off-market transaction within our targeted timeframes.”

The move also adds to Dexus’s relationship with GIC, which Steinberg said enables “them to extend their investments into the Australian office market”. In late 2018 Dexus struck a deal with GIC to create a $2 billion logistics property trust. “In these times of elevated uncertainty Dexus continues to focus on preserving capital while selectively investing in assets with long-term value and strong fundamentals,” Steinberg said. The 55-storey building is 91.7 per cent occupied with a weighted average lease expiry of 4.6 years as at 1 March, and was struck on a yield of

around five per cent. The 525 Collins Street asset is slated to settle in May subject to FIRB approval.

Dexus has a stronghold on the “Paris end” of Melbourne's CBD, having snapped up the 80 Collins Street asset from QIC Global Real Estate in April last year. Dexus’s interest in the Rialto Towers asset will be funded from existing debt facilities.

Dinah Lewis Boucher, The Urban Developer

13

Property Listings

VIC

Property Listings: Development Sites for sale in Victoria

30 Cambridge Street Box Hill

70 Lygon Street Brunswick East

91-93 Canterbury Road Heathmont

32 Ullathornes Road Inverloch

CBRE CLICK TO VIEW

Melbourne Acquisitions CLICK TO VIEW

JLL CLICK TO VIEW

CBRE CLICK TO VIEW

12 & 18 Craig Street Keilor East

21-23 Anthony Street Melbourne

795 & 825 Epping Road Woodstock/Wollert

Colliers International CLICK TO VIEW

Tiga CLICK TO VIEW

PSP Property Group CLICK TO VIEW

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Flexible Commercial Zoned For Sale 91-93 Canterbury Road, Heathmont VIC – 1,672* sqm total site area – 36.5m frontage to Canterbury Road – Commercial 1 zone – 350m to Heathmont Train Station – 4mins to Eastland Shopping Centre

Conjunctional Agent: Greville Pabst Tom Aylward 0408 548 551

*(All figures are approximate.)

MingXuan Li 0498 688 998

property.jll.com.au

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Victoria

The Property Development Review

Property Listings

VIC

For Sale: 21-23 Anthony Street, Melbourne VIC 3000 HIGHLY DESIRED PERMIT-APPROVED BOUTIQUE STUDENT ACCOMMODATION – 11-storey permit-approved 76-bed student accommodation envelope delivering a total NSA of 2,382m2* – Flexible zoning providing the opportunity to convert to boutique residential, office, or hotel permit (STCA) – 2 91m2* site area with 12.2m* Anthony Street frontage onto a tranquil streetscape, moments away from lively main thoroughfares – Q uality existing improvements consisting of six (6) large apartments, garage for up to five (5) cars, storage units and a rooftop terrace

VIEW LISTING

David Sia 0430 111 223 Nicholas Hii 0451 661 212 Martin Leong 0425 699 708

Enormous Potential 795 & 825 Epping Road, Woodstock/Wollert • 219 ha / 542 acres* MANPREET DANDIWAL 0433 413 927

• Green Wedge Zone • Rare land banking or future development opportunity (STPA) • Easy access to Melbourne CBD 28km* DONNYBROOK PSP

CAMERON YATES 0403 388 008 *approx

WOODSTOCK PSP

SHENSTONE PARK PSP

NORTHERN QUARRIES PSP

WOLLERT PSP

Level 13, 120 Collins Street, Melbourne

www.pspproperty.com.au

Victoria

The Property Development Review

Property Listings

VIC

MU

ST

FOR SALE

70 Lygon Street, Brunswick East VIC 3057

BE

SO

LD

FREEHOLD CORNER BUILDING WITH CHARACTER > > > > > >

Permit approved for mixed use development Dual street frontage, rear access and on-site parking 4km* from Melbourne’s CBD Building area 226sqm* Land 236sqm* Commercial 1 zone site Suit occupier, developer or investor

*Approx

VIEW LISTING JAMES LATOS 0437 537 957

DOMINIC GIBSON 0409 366 941

607 St Kilda Road, Melbourne

melbourneacquisitions.com.au

03 8395 2550

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.

Victoria

The Property Development Review

▶ Market Overview ▶ NSW Fast Tracks Construction & Development Planning ▶ New South Wales Listings

NSW Sydney 20 33.8688° S, 151.2093° E

Market Overview

The Property Development Review

New South Wales

Market Overview: Thoughts From The Agent & The Developer

The Agent: Scott Timbrell, Knight Frank Since entering the real estate industry, Scott has garnered a broad range of skills and a reputation that precedes him. Having passed considerable periods at renowned firms that include JLL and Ray White Commercial, Scott is recognised for his broad range of expertise that extends from Sydney’s laid-back Northern Beaches to China and Hong Kong’s buyer market. Having made partner upon joining property giant Knight Frank’s team in 2017, Scott has thrived in multiple roles and has recently taken his stewardship to the role of National Head of Investment Sales.

Development Ready’s Rob Langton sat down with Scott for a discourse surrounding the current real estate climate. In this interview, the pair discuss how Scott and his team are managing themselves, what processes have changed as a result, what the first quarter of 2020 has revealed about the upcoming year and what opportunities might be hiding on the road ahead.

With the impact from the COVID-19 Virus not yet fully realised, now is the time for education and expert opinion. Development Ready is working hard to bring you face-to-face with industry professionals to help you thrive through this period.

Continued on Next Page

17'

Watch Now

Image: 88 Church Street, supplied by Knight Frank

21

Market Overview

"The opportunity for developers is to get through this time and be able to capitalise on the back of this."

Matthew Hyder

The Developer: Matthew Hyder, Legacy Property Matthew Hyder is the CEO of Legacy Property, a business he founded in 2009 with the goal of creating high-quality apartments and residential communities across greater Sydney. While Australia has been his home for many years now, Matthew’s formative years were spent in Fort Worth, Texas, before attending the prestigious Princeton University.

His career in property began as a development manager at Medalist Developments, a subsidiary of Macquarie Bank, which he took up following a move to Sydney in pursuit of his soon-to-be wife. In early 2005 Matthew moved back to Texas (with his now official wife) where he involved himself in the property development mar-

22

Image: Legacy Property

ket and explored vertical apartment construction. But it wasn’t too long before the call of Australia’s eastern shores grew too strong to ignore.

Now more than ten years into the founding of his own venture, Matthew is proud to have a built a strong and stable business that has delivered more than 5,600 dwellings across greater Sydney. We recently sat down with Matthew to explore his Trans-Pacific property experience and how he first established and then grew Legacy Property during one of the most difficult financial periods of the 21st Century.

41' Watch Now

The Property Development Review

NSW Fast Tracks Construction & Development Planning

New South Wales will fast-track the planning process for development applications in a bid to keep the construction sector ticking, as it maintains a pipeline of work through the Covid-19 crisis.

The state also announced plans to invest $70 million to co-fund “essential” infrastructure towards roads, drainage and public parks to support the construction of new houses in Sydney's north west. The funding, announced Friday, for infrastructure in Blacktown and The Hills area will go towards 31,000 homes to be built across the next five years, planning minister Rob Stokes said.

Assessments of state significant developments, rezoning and development applications will be fast-tracked under the New South Wales changes, announced Friday.

Dubbed the “planning system acceleration program”, Stokes said details of additional reforms would be released in the coming weeks.

Friday's announcement follows the recent decision to allow construction sites across the state to operate on weekends and public holidays, with City of Melbourne announcing similar measures to its city construction sites last week.

Image: The Urban Developer

But there is growing cause for concern as to the health and safety of workers in the construction sector following confirmed Covid-19 cases of workers on sites, in recent weeks.

“The planning system will undergo further reform to ensure it enables economic growth once the Covid-19 crisis is over,” Stokes said.

The state will support councils and planning panels to fast-track local and regionally significant development applications, introduce a ‘one stop shop’ to progress projects still in the system, and clear the current backlog of cases still in the Land and Environment Court. State significant developments include hospitals, schools, waste management, energy generating facilities and correctional facilities. The construction sector has faced mounting pressure during the covid-19 outbreak, and is attempting to balance health measures such as social distancing and staggered shifts to keep development projects in operation. The construction and development sectors make up almost 10 per cent of the state’s economy, which it says employs one in four people in the state. “The construction and development sectors will be vital supporting the State’s economic recovery,” Stokes said.

“This will pass and when it does, the planning system will be ready to continue driving economic productivity across the State. Our economic recovery will in many ways be longer and harder than the health one and it’s essential we do everything we can now to keep our State moving forward and allow work to continue wherever possible in line with the best medical advice.”

The state government says the planning system acceleration program will create opportunities for more than 30,000 construction jobs in the next six months. Australia’s first coronavirus case on a construction site was confirmed at a Parkville site in Melbourne last week, and was followed by another confirmed case at the $2.8 billion Melbourne Square development CBD project.

Dinah Lewis Boucher, The Urban Developer

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Property Listings

NSW

Property Listings: Development Sites for sale in New South Wales

Watt Street & Erina Street Gosford

60-62 Donnison Street Gosford

142-144 Albany Street Point Frederick

11-13 Ena Street Terrigal

Cushman & Wakefield CLICK TO VIEW

Cushman & Wakefield CLICK TO VIEW

Cushman & Wakefield CLICK TO VIEW

Cushman & Wakefield CLICK TO VIEW

15 Kurrawyba Avenue Terrigal

3-5 Parramatta Street Cronulla

12 Killeaton Street St Ives

145 Blackwall Road Woy Woy

Cushman & Wakefield CLICK TO VIEW

Knight Frank CLICK TO VIEW

VIN Commercial CLICK TO VIEW

Ray White CLICK TO VIEW

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The Property Development Review

PINNACLE & ORACLE Henry Parry Drive, Watt Street & Erina Street, Gosford, 2250 PRIME DEVELOPMENT OPPORTUNITY IN GOSFORD’S CBD Cushman & Wakefield in conjunction with McGrath are delighted to represent Central Real in offering their exclusive “Premium Coastal Collection”.

Pinnacle site area: 3,965 sqm (approx.)

Oracle site area: 3,882 sqm (approx.)

• DA approved for 101 & 180 units • Substantial commencement • Prime location in Gosford CBD

Anthony Bray 0419 322 233 Charles Gonzalez 0412 279 588

View Listing

AZURE 15 Kurrawyba Avenue Terrigal OUTSTANDING DA APPROVED SITE IN TERRIGAL Centrally located in the cosmopolitan hub of Terrigal Beach opposite the Crowne Plaza hotel, “Azure” is a DA approved residential development for 16 luxury apartments, ground floor retail and first floor commercial suites.

The site is on the high side of Kurrawyba Avenue on the corner of Church Street in Terrigal Beach.

Land area: 1,243 sqm (approx.)

• DA approved for 16 apartments • 2 levels of commercial and retail • Opposite Crowne Plaza Hotel

Anthony Bray 0419 322 233 Charles Gonzalez 0412 279 588

View Listing 25

Property Listings

NSW

DRIFTWOOD 11-13 Ena Street Terrigal TOWNHOUSE SITE AT TERRIGAL BEACH Cushman & Wakefield in conjunction with McGrath are delighted to represent Central Real in offering their exclusive “Premium Coastal Collection”.

DA approved for five luxury 3 & 4 bedroom, two-storey townhouses with double security car spaces. Driftwood townhouses have been designed for the owner occupier in mind with internal living areas up to 180 sqm and external ares up to 124 sqm (approx.).

• DA approved for 5 large townhouses • Walk to shops, beach and restaurants • Downstream drainage works completed

Anthony Bray 0419 322 233 Charles Gonzalez 0412 279 588

View Listing

LUMIERE 142-144 Albany Street Point Frederick LUXURY DEVELOPMENT READY FOR COMMENCEMENT Cushman & Wakefield in conjunction with McGrath are delighted to represent Central Real in offering their exclusive “Premium Coastal Collection”.

DA approved residential site which is ready for immediate commencement. Site demolition is completed, drainage easement is in place, CC is issued and contributions to approximately $1,170,000 have been paid including Section 94 contributions.

• DA approved for 39 luxury apartments • Gosford’s exclusive neighbourhood • Large footprint 3,140 sqm

Anthony Bray 0419 322 233 Charles Gonzalez 0412 279 588

View Listing

The Property Development Review

SCENIC II 60-62 DONNISON STREET GOSFORD New South Wales

SCENIC, PANORAMIC WATER AND HINTERLAND VIEWS Cushman & Wakefield in conjunction with McGrath are delighted to represent Central Real in offering their exclusive “Premium Coastal Collection”.

The site is located on one of the highest point of Donnison Street, Gosford capturing 270 degree panoramic views of Brisbane Waters and Gosford Hinterland. The site backs onto bushland and is only minutes from the Gosford CBD, Railway Station, hospital and retail precinct.

• Design concept for 28 luxury apartments • 270 degree panoramic views • Minutes from the Gosford CBD

Anthony Bray 0419 322 233 Charles Gonzalez 0412 279 588

View Listing

145 Blackwall Road, WOY WOY 13

9

Sale

$1,300,000

13

•

DA approval for 4 x 2 bedroom + 5 x 1 bedroom units over 3 levels with lift access

•

Estimated resales $450,000 - $550,000

•

Strong resales expected - practical and affordable 1 and 2 bedroom units, all featuring generous North facing balconies

•

Ground floor parking for 13 cars (no basement)

John Ienna 0421 202 383 john.ienna@raywhite.com raywhiteuminabeach.com.au

Property Listings

NSW

Connecting people & property, perfectly.

Spring Valley Park

Melbourne CBD 29km* Retail Strip

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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC. For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

3-5 Parramatta Street, Cronulla NSW 2230.

Exceptional in-fill site with optionality.

For Sale via Expressions of Interest Thursday, 23 April 2020 at 4:00pm

Site 1,530 sqm* (Approx)

Huge development potential

Neighbourhood Residential Zoning DA Approved Development Site

Major Transport Links Nearby

For further information, please contact the exclusively listed agents below.

Scott Timbrell 0423 379 007 Excellent Pirrottina access to 0402 Centrally located to Anthony 666 093 major arterial roads fantastic ammenities Demi Carigliano 0423 015 815 View Listing View Listing

Perfectly positioned for a prime residential development this magnificent site abuts Keysborough Primary School BOUTIQUE DA APPROVED encompassed within a strong residential area. Under the DEVELOPMENT SITE Neighbourhood Residential Zoning the astute buyer will seize the opportunity to create a brand newagents precinct the Knight Frank as exclusive selling arewithin delighted current to site and harbour a new and innovative community. present for sale 3-5 Parramatta Street, Cronulla –a boutique DA approved development site in an outstanding

Situatedbeachside momentslocation. from Dandenong bypass and allowing easy access to both Eastlink and Springvale Rd, this property is sure Ideally located in the heart of Cronulla, the site presents to provide confidence to any purchaser. With Yarraman Railway a rare opportunity to acquire a DA approved development Station,site Keysborough Secondary College Parkmore at the doorstep of Cronulla Beach,and retail village and Shopping Centre in close proximity, this property is likely to train station. fulfill even the most particular of purchasers.

– DA approved for 25 high-end residential apartments – Ideal unit mix, comprising mostly 2 and 3 bedroom apartments Stephen Kellywalk 0407 320 377 – Short to Cronulla beach, train station and retail – Highly sought after downsizer James Thorpe 0414 510 071 location

* Approx

*Approx.

1.27 ha* site

The Property Development Review

New South Wales

DA APPROVED SITE FOR SALE VIA EOI 12 Killeaton Street, St Ives NSW Exclusive agents Vin Commercial are pleased to bring to the open market this beautifully designed DA approved development opportunity, 12 Killeaton Street, St Ives, Sydney, NSW, 2075.

12 Killeaton Street offers prospective purchasers the opportunity to secure a significant land holding in one of St Ives most sought after addresses. The site is DA approved for 10 luxuriously designed oversized 3 bedroom, 2 bathroom senior living apartments with an incorporated communal tennis court, thoughtfully designed landscaped areas and floor plans. A developers dream in respect of the high demand market space, an end purchasers dream given the sanctuary feel combined with the exquisite design elements. The opportunity to acquire such a sought after site within a premium North Shore location is not be overlooked.

This property is being sold via expressions of interest to be submitted digitally no later than 3pm (AEST) on Thursday 30th April 2020.

ARVIN GOLCHIN +61424 426 077

KEY FEATURES: Land area 4,199sqm*

DA approved for 10 oversized luxury senior living apartments Designed by highly renowned architect High demand market for end apartments (*approximate)

NAVIN UPRETI +61403 322 950

▶ Market Overview ▶ RNA Showgrounds Could Transform into Coronavirus Hospital ▶ Queensland Listings

QLD Brisbane 30 27.4698° S, 153.0251° E

Market Overview

The Property Development Review

Market Overview: Robert Dunne, Savills

Queensland

In Conversation: The Taskmaster Leading Brisbane real estate agent Robert Dunne has been specialising in commercial property sales in the Savills office since 1995. The ultimate choice for high-stake property operators in the Queensland capital, Robert has set multiple sales records, including the highest price ever paid for development land in the Brisbane CBD connecting a Taiwanese Billionaire with the Supreme Court site resulting in the $1 billion Brisbane Quarter project.

As a Director within the Savills Brisbane team, Robert has seen all the ups and downs of the property and commercial asset market. His expertise and awareness are unapparelled, setting a standard that’s a direct result of his 25+ years of experience. Development Ready’s

Image: Savills

Robert Langton recently sat down screen to screen to explore the multiple opportunities that Robert is privy to.

Their discussion revolved around when the market will return to its formerly accelerating position of early 2020, why now is a good time to be in the market and how to maintain motivation and momentum.

“One of the benefits of working from home is that you don’t have the same distractions. You can just focus on looking after people and putting transactions together. So we’ve focused on those benefits and have just got on with it.” Other’s might be resting on their haunches, but Robert is more fired up than ever.

18' Watch Now

31

Brisbane's RNA Showgrounds Could Transform into Coronavirus Hospital

A suspended concrete platform will support a new 6,500sq m park on Brisbane River as part of the $3.6 billion Queen’s Wharf development by the privately-owned Destination Brisbane Consortium.

The first look of “The Landing” shows the 300-metre park being built beyond the Riverside Expressway on a previously inaccessible part of the river.

Despite Covid-19 impacting much of the Australian economy, the state government relaxed the heavy vehicle lock-out times at Queen's Wharf enabling more large vehicles on site during what used to be peak-hour.

The joint venture led by The Star Entertainment Group alongside its Hong Kongbased partners, Chow Tai Fook Enterprises and Far East Consortium still plan on opening the Cottee Parker-designed landing and wharf facilities in late-2022 including 50 bars and restaurants and 2,000 residential apartments.

32

Image: The Urban Developer

Destination Brisbane Consortium project director Simon Crooks said the new public space was being constructed along Brisbane River from behind 1 William Street to the western end of the resort structure.

“The Landing will feature garden beds, trees, terraced seating on the river’s edge and lush lawns for people to enjoy with their families, and to accommodate future public events,” Crooks said. “Three barges have been at operating since August 2019 installing steel piles and laying the suspended concrete platform that forms the base of the structure. So far we have constructed around 3200sq mof the suspended structure.”

Once complete The Landing will jut out 50 metres from the river’s edge at its widest point and connect the existing Mangrove Walk to the eastern end of the structure providing a continuous river’s edge walk beyond the Riverside Expressway for more than 700 metres.

It will complement the first stage of pub-

lic space that the Consortium opened in October 2019 that included Waterline Park, the 450 metre Mangrove Walk and 500 metres of upgraded Bicentennial Bikeway.

Once finished the three barges will move to other projects on the Brisbane River. “The largest barge the Darwin, which is 80 metres long, will eventually move to the other side of the Brisbane River to help with the construction of the Neville Bonner Bridge,” Crooks said. “The two smaller barges will also undertake work to extend and improve the existing Finger Wharves beneath the Riverside Expressway, enabling temporary vessel berthing facilities at Queen’s Wharf Brisbane.”

Dinah Lewis Boucher, The Urban Developer

Property Listings

QLD

The Property Development Review

Property Listings: Development Sites for sale in Queensland Queensland

Trinity Park Cairns

9-11 Miles Street Coolangatta

39 Barns Lane Coolum Beach

24 Manilla Street East Brisbane

Knight Frank CLICK TO VIEW

Ray White Commercial CLICK TO VIEW

Savills CLICK TO VIEW

C Property CLICK TO VIEW

Homestead Drive Flagstone

14 - 18 Channon Street Gympie

Savills & Ray White Special Projects CLICK TO VIEW

Ray White Commercial CLICK TO VIEW

33

Property Listings

QLD

For Sale: Homestead Drive, Flagstone, QLD 4280 Development Sites in Major Masterplanned Community

Savills and Ray White are delighted to be selling a Development Site in Major Panned Community, Flagstone Estate, SEQLD Greater Flagstone is one of South East Queensland’s most visionary new addresses. It is one of Australia’s largest urban zoned greenfield developments and set to become home to over 120,000 people.

Flagstone is strategically located in the Logan growth corridor, 45km south-west of the Brisbane CBD, and will be a key location for Brisbane’s future urban growth.

Will Carman 0477 666 355

James Stevenson 0498 121 165

Matthew Fritzsche 0410 435 891

Andrew Burke 0417 606 128

–

Lots Sizes ranging from 1,710sqm* sqm to 6.9ha*

– Middle of major town centre to cater for 12,000 new homes –

Adjoining Future Train Station

VIEW LISTING

The Property Development Review

Connecting people & property, perfectly.

Spring Valley Park

Melbourne CBD 29km* Retail Strip

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Keysborough Primary School

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Crown Allotment 2272, Darren Road, Springvale South

Queensland

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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC. For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

Address available on Request, Trinity Park QLD 4879.

Exceptional in-fill site with optionality.

1.27 ha* site 18.708 ha* (*approx)

Huge development potential

Neighbourhood Residential Zoning Create a World Class Development

Major Transport Links Nearby

For further information, please contact the exclusively listed agents below.

Christian Sandstrom 0419 784 317 Excellent access to772 555 Centrally located to Greg Wood 0418 major arterial roads fantastic Dominic Ong 0468 969 298 ammenities View Listing View Listing

Perfectly positioned for a prime residential development this magnificent siteOCEANFRONT abuts Keysborough Primary School PREMIUM encompassed within a strong residential area. Under the DEVELOPMENT OPPORTUNITY Neighbourhood Residential Zoning the astute buyer will seize the opportunity to create a brand new precinct within the current Knight site and harbour a new Frank is pleased to and offerinnovative For Sale ancommunity. exciting future development opportunity located in Half Moon

SituatedBay, moments from Dandenong bypassand andexpansive allowing easy Cairns. The site offers a significant access land to both Eastlink andha* Springvale this property is sure holding of 18.708 with 350 Rd, m* of beach frontage access.

Half Moon Bay offers the opportunity to be Railway to provide confidence to any purchaser.

With Yarraman into aSecondary world class College development.

Station,developed Keysborough and Parkmore Shopping Centre in close proximity, this property is likely to – Half Moon Bay Beach 350 m* frontage (approx.) fulfill even most particular of purchasers.

– the Outstanding opportunity to create a world class development – On the doorstep to the pristine coral sea – 2.96 million visitors Cairns in 2018 Stephen Kelly 0407 320to377 – One of the World’s most desired destinations

*Approx.

EOI Postponed

James Thorpe 0414 510 071

* Approx

Property Listings

QLD

KIRRA DEVELOPMENT SITE Coolangatta, QLD, 9-11 Miles Street

DEVELOP NOW OR DEVELOP LATER! BEACHSIDE DEVELOPMENT SITE WITH SUBSTANTIAL HOLDING INCOME

• • • • •

Land size 1,016m2* Zone: Medium Density Residential Frontage: 28.6m* Currently improved with six (6) modern beach villa's Substantial holding income

View Listing

Brad Duncalfe 0419 641 058 Sam Riley 0409 490 581

raywhitecommercial.com.au

SUBSTANTIAL PROPERTY OFFERED TO THE MARKET WITHIN GYMPIE CBD Gympie, QLD, 14-18 Channon Street

A combination of government, national and private tenant income across three secure leases, as well as a shovel-ready motel development and substantial immediate additional income potential makes this one of the most substantial property holdings to be offered to market within the Gympie CBD.

View Listing

• • • • •

8,012m2 District Centre zoned parcel 4 freehold titles with 3 street frontages 3 secure tenancies including Gympie Council $261,000 gross annual income DA approval for motel

Brocke Hambrecht 0466 599 724 Ashley Rees 0411 707 410

raywhitecommercial.com.au

The Property Development Review

For Sale: 39 Barns Lane, Coolum Beach QLD 4573

SIGNIFICANT LAND HOLDING WITH FUTURE DEVELOPMENT POTENTIAL –

Land area: 68,280sq m*

–

Predominantly level site

–

2* minutes to Coolum Beach/retail

–

5* minutes to Sunshine Coast International Airport

–

Located at entrance to Coolum Beach

– –

Zoned "Rural" under the Sunshine Coast Planning Scheme 2014 – Coolum Local Plan Area

Scott Gardiner 0415 679 112 Mark Dann 0408 778 756

VIEW LISTING

For Sale: 24 Manilla Street East Brisbane QLD 4169 NEAR-CITY OPPORTUNITY LIKE NO OTHER! – Favourable mixed-use zoned 1,215 sqm land parcel – Substantial development upside with favourable 30 metre frontage (8 to 10 level potential) – Versatile 1,519 sqm office/showroom/warehouse building – 2 container height roller doors & potential for multiple tenancies – occupy all or part of the building – Generous on-site car parking – Potential to value-add by increasing the floor area

– Easy access to the CBD, Port of Brisbane, Brisbane Airport, Clem 7 & The Inner City Bypass

View Listing

Carl Charalambous 0422 804 462

Queensland

– 450m* frontage to the Sunshine Motorway offering excellent exposure

▶ Market Overview ▶ Tasmanian Listings

TAS Hobart 38 42.8821° S, 147.3272° E

Market Overview

The Property Development Review

Market Overview: Thoughts From The Agent & The Developer

Tasmania

The Agent: George Burbury, Knight Frank A former Geelong Cats AFL team member turn highly regarded property specialist, it’s safe to say that George Burbury has earned his stripes. After joining the Knight Frank team in Victoria in 2016, George has gained a significant breadth of experience across Sales, Capital Markets and Analytics. His latest role, Commercial Sales and Leasing Specialist, has seen him return home to Tasmania, ready to take on a new market amid the exciting 2020 boom the market was anticipating.

Q1 2020 proved to be Knight Frank Tasmania’s most successful quarter of all time, but as you will be aware, the current market is now in a different shape. Enquiries on properties for sale are down, as too are enquiries for

Image: George in his former Cats days

leases. With businesses of all sizes facing uncertain futures and extreme hardships, George’s expertise in commercial sales and leasing is more important than ever.

Development Ready’s Rob Langton recently sat down with George to dissect how the TAS market is currently fairing and where things are heading in the months to come. With the COVID-19 virus having a slightly different impact in each state and territory, it’s important to stay across which markets are active, which are recovering and where there’s scope to explore opportunities.

20' Watch Now

Continued on Next Page

39

Market Overview

The Developer: Stefan Giameos, Giameos Developments Prominent Hobart developer and Director of Giameos Developments, Stefan Giameos got his start in the property sector through somewhat un-traditional channels.

Stefan studied Marketing and International Business at the University of Tasmania, which lead him into an international role with Australia’s largest premium motor yacht builder, Riviera. After considerable time abroad, Stefan was keen to re-plant some roots in his hometown and secured a popular bar and restaurant in Hobart. After five years of managing, as well as owning, the establishment, Stefan was ready for a new challenge.

Leveraging his accumulated assets, Stefan bought a site and set about re-developing it into eight townhouses.

He still attests today that this has been the hardest project that he’s ever undertaken, but the learnings gained have proved invaluable. In the eight years that have passed

since then, Stefan studied through the nights to obtain his building licence and has stayed within the residential development sector.

Stefan has noted that townhouses are a very popular asset at the moment and if you can find the land, they’re a developer’s dream. This largely has to do with the somewhat belated Tasmania market which sits behind the fast-paced east coast capitals, however Stefan sees this as more of an advantage than a fault.

18' Watch Now

"People are seeing Tassie as a safe spot — we don’t have radical or quick changes in the market and we’re seeing some good growth in industry and population."

Stefan Giameos

40

Property Listings

TAS

The Property Development Review

Property Listings: Development Sites for sale in Tasmania

1 Friend Street Devonport

209-215 Harrington Street Hobart

318 Argyle Street Hobart North

Knight Frank CLICK TO VIEW

Knight Frank CLICK TO VIEW

Knight Frank CLICK TO VIEW

Knight Frank CLICK TO VIEW

200 Campbell Street Hobart North

47-53a Invermay Road Invermay

70 Channel Highway Kingston

9 Noble Drive New Town

Knight Frank CLICK TO VIEW

Knight Frank CLICK TO VIEW

Knight Frank CLICK TO VIEW

Knight Frank CLICK TO VIEW

Tasmania

Whitestone Point Austins Ferry

41

TAS

Connecting people & property, perfectly.

Connecting people & property, perfectly.

Spring Valley Park

Melbourne CBD 29km*

Retail Strip

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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

Whitestone Point, Exceptional in-fill site with optionality.

Austins Ferry, TAS, 7011.

1.27 ha* site

209-215 Harrington Street, Exceptional in-fill site with optionality.

Hobart, TAS, 7000.

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.

Neighbourhood Residential Zoning

1.27 ha* site

COMMERCIAL USE LAND SUBDIVISION

READY, SET, BUILD - DA APPROVED SITE

– Local Business zone land Situated moments from Dandenong bypass and allowing easy Major Transport – Suit multiple commercial usesto(STCA) access both Eastlink and Springvale Rd, this property is sure Links Nearby to provide confidence to any purchaser. With Yarraman Railway – Purchase one or all Station, Keysborough Secondary College and Parkmore Centre in closefronting proximity, thiswhat property is likely – Approximately 5,702 sqmShopping with both lots will beto fulfill even the most particular of purchasers. a main thoroughfare of the new precinct.

Stephen Kelly 0407 320 377

Centrally located to fantastic ammenities

View Listing

James Thorpe 0414 510 071

*Approx.

Huge development potential

Excellent access to major arterial roads

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.

Neighbourhood Residential Zoning

– Prime Hobart Inner City Development Site Situated moments from Dandenong bypass and allowing easy Major Transport + 2access – DA for 39 apartments Commercials to both Eastlink and Springvale Rd, this property is sure Links Nearby to provide confidence to any purchaser. With Yarraman Railway – Good holding income from car parks Station, Keysborough Secondary College and Parkmore Shopping Centre in close proximity, this property isand likely to – Close proximity to the University of Tasmania’s precinct fulfill even the most particular of purchasers.

North Hobart’s popular restaurant and cafe strip.

Huge development potential

Excellent access to major arterial roads

Stephen Kelly 0407 320 377

Centrally located to fantastic ammenities

View Listing

James Thorpe 0414 510 071

View Listing

View Listing

Connecting people & property, perfectly.

Connecting people & property, perfectly.

Spring Valley Park

Melbourne CBD 29km*

ypass

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Danden

Retail Strip

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Springvale Roa

Danden

Keysborough Primary School

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SOLD Keysborough Primary School

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Crown Allotment 2272, Darren Road, Springvale South

Spring Valley Park

Melbourne CBD 29km*

Retail Strip

Pa te

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Crown Allotment 2272, Darren Road, Springvale South

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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

318 Argyle Street, North Exceptional in-fill site with optionality.

Hobart, TAS, 7000.

1.27 ha* site

Neighbourhood Residential Zoning

70 Channel Highway, Exceptional in-fill site with optionality.

Kingston, TAS, 7050.

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.

1.27 ha* site

HIGH EXPOSURE DEVELOPMENT SITE

– Zoning: Light Industrial Situated moments from Dandenong bypass and allowing easy Major Transport – Corner location on busy streets access to both Eastlink and Springvale Rd, this property is sure Links Nearby provide confidence to any purchaser. With Yarraman Railway – Combined frontage of 60to sqm (approx) Station, Keysborough Secondary College and Parkmore Shopping close proximity,and this property is likely to – Surrounded with a mix of retail, Centre lightinindustrial fulfill even the most particular of purchasers. residential uses.

View Listing

42

Centrally located to fantastic ammenities

Stephen Kelly 0407 320 377 James Thorpe 0414 510 071

*Approx.

View Listing

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.

PERMIT APPROVED

Huge development potential

Excellent access to major arterial roads

*Approx.

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Spring Valley Park

Melbourne CBD 29km*

Retail Strip

– Development approval for 20 Lots Situated moments from Dandenong bypass and allowing easy Major Transport upside – Potential for density (STCA) access to both Eastlink and Springvale Rd, this property is sure Links Nearby provide confidence to any purchaser. With Yarraman Railway – North facing with views ofto Mt Wellington Station, Keysborough Secondary College and Parkmore in close proximity, this property – Permit approved boutiqueShopping land Centre subdivision in one of is likely to fulfill even the most particular of purchasers.

Tasmania’s fastest growing suburbs.

Huge development potential

Excellent access to major arterial roads

View Listing

View Listing

Centrally located to fantastic ammenities

Stephen Kelly 0407 320 377 James Thorpe 0414 510 071

*Approx.

Property Listings

The Property Development Review

Connecting people & property, perfectly.

Connecting people & property, perfectly.

Spring Valley Park

Melbourne CBD 29km*

Retail Strip

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Springvale Roa

Danden rso

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Crown Allotment 2272, Darren Road, Springvale South

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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

1 Friend Street, Exceptional in-fill site with optionality.

Devonport, TAS, 7310.

1.27 ha* site

9 Noble Drive, Exceptional in-fill site with optionality.

New Town, TAS, 7008.

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.

Neighbourhood Residential Zoning

1.27 ha* site

STRATEGIC DEVELOPMENT OPPORTUNITY

DA APPROVED STANDALONE DWELLINGS

Situated moments from Dandenong bypass and allowing easy

Stephen Kelly 0407 320 377

Centrally located to fantastic ammenities

View Listing

James Thorpe 0414 510 071

*Approx.

Excellent access to major arterial roads

– Large level 981 sqm allotment with 36 metre street frontage Situated moments from Dandenong bypass and allowing easy Major Transport houses, – DA for 2 standalone with separate cross over access to both Eastlink and Springvale Rd, this access property is sure Links Nearby to provide confidence to any purchaser. With Yarraman Railway – Ideal opportunity for a builder/developer Station, Keysborough Secondary College and Parkmore Shopping Centre in close proximity, this property is likely to – Situated in the highly sought after and well performing fulfill even the most particular of purchasers.

Garrington Park subdivision in New Town

Huge development potential

Excellent access to major arterial roads

Stephen Kelly 0407 320 377

Centrally located to fantastic ammenities

View Listing

James Thorpe 0414 510 071

View Listing

View Listing

Connecting people & property, perfectly.

Connecting people & property, perfectly.

Spring Valley Park

Melbourne CBD 29km*

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Danden

Retail Strip

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Springvale Roa

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Crown Allotment 2272, Darren Road, Springvale South

Spring Valley Park

Melbourne CBD 29km*

Retail Strip

Pa te

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Crown Allotment 2272, Darren Road, Springvale South

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1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

1.27 ha* site in Springvale South Crown Allotment 2272, Darren Road, Springval South VIC.

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

For Sale by Auction on-site Thursdayday, 20 June at 2pm (AEST).

47-53a Invermay Road, Exceptional in-fill site with optionality.

Invermay, TAS, 7248.

1.27 ha* site

Neighbourhood Residential Zoning

200 Campbell Street, Exceptional in-fill site with optionality.

North Hobart, TAS, 7000.

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.

1.27 ha* site

A PREMIUM INVESTMENT

– 10 Year lease with 2 x 5 year options Situated moments from Dandenong bypass and allowing easy Transport – Location isMajor a short 750 meters to the City Centre. access tostroll both Eastlink and Springvale Rd, this property is sure Links Nearby to provide confidence to any purchaser. With Yarraman Railway – Positioned opposite the Inveresk precinct, being the Station, Keysborough Secondary College and Parkmore Shopping Centre in close proximity, this property isto likely to proposed site for the University of Tasmania relocation fulfill even the most particular of purchasers. inner city Launceston.

View Listing

Centrally located to fantastic ammenities

Stephen Kelly 0407 320 377 James Thorpe 0414 510 071

*Approx.

View Listing

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.

RE-DEVELOPMENT OPP. LOCATION

Huge development potential

Excellent access to major arterial roads

Neighbourhood Residential Zoning

– High profile re-development site Situated moments from Dandenong bypass and allowing easy Major Transport – Suit a multitude of uses (STCA) access to both Eastlink and Springvale Rd, this property is sure Links Nearby to provide confidence to any purchaser. With Yarraman Railway – Convenient location Station, Keysborough Secondary College and Parkmore in close proximity, thisresidential, property is likely to – Suitable for a multitude ofShopping uses;Centre including office, fulfill even the most particular of purchasers. student accommodation and showroom (STCA).

Huge development potential

Excellent access to major arterial roads

View Listing

View Listing

Centrally located to fantastic ammenities

Stephen Kelly 0407 320 377 James Thorpe 0414 510 071

43

Tasmania

Major&Transport access to both Eastlink and Springvale Rd, this property is sure – Homemaker Industrial precinct Links Nearby to provide confidence to any purchaser. With Yarraman Railway – Adjacent to busy Bulky Goods PrecinctSecondary College and Parkmore Station, Keysborough Shopping Centre in close proximity, this property is likely to – Lots 16 & 17 are levelled and ready! fulfill even the most particular of purchasers.

– Available for sale individually or as a “sale in one line”.

Huge development potential

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.

Neighbourhood Residential Zoning

*Approx.

Keysborough Primary School

Pa te

*Approx.

ypass

ong B

Danden

Spring Valley Park

Melbourne CBD 29km*

Retail Strip

▶ Market Overview ▶ Western Australian Listings

WA Perth 44 31.9505° S, 115.8605° E

Market Overview

The Property Development Review

Market Overview: Ben Younger, CBRE

Western Australia

In Conversation: The Front-Foot Director Director of Metropolitan Investments at CBRE in Perth, Ben leads a highly experienced team across a broad range of commercial property and development site transactions in the Perth Metropolitan region. With over 15 years of experience at CBRE, nine of those in Adelaide and six in Perth, Ben boasts a successful career having transacted numerous renowned assets such as Kings Square in Fremantle and the Murdoch Health Precinct.

Always on the front foot, Ben’s high-level sales experience and capability has enabled considerable momentum to maintain through the current COVID-19 period.

During a virtual chat with Development Ready’s Rob Langton, Ben revealed the gaps and market openings

that have been exposed as a result of the recent industry-wide shockwave. He notes that there is still a strong base of local developers, many of which have offshore capital and backing, providing a very advantageous playground for clued-in players.

Ben also highlighted where the future of property development is heading in Australia’s western state and which types of properties will have the most success in the current marketplace (hint: location and holding income are key).

Image: City of Fremantle’s new civic centre at Kings Square (artist’s impression).

24' Watch Now

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Property Listings

WA

Property Listings: Development Sites for sale in Western Australia

26 Bronte Street East Perth

99 Reef Break Drive Two Rocks

PROPROPERTY GROUP CLICK TO VIEW

CBRE CLICK TO VIEW

46

The Property Development Review

Western Australia

LANDMARK PROPERTY IN THIS HIGHLY SOUGHT AFTER LOCATION Mixed use development opportunity, this 1016sqm block is positioned on the high side of the road in one of the most sought-after redevelopment areas in East Perth.

With the development potential only really limited by your imagination an opportunity exists for a switched-on developer to take this site to its full potential.

Currently under the EPRA scheme 2 which supports mixed use development. As a guide we believe the council would support office or retail below with residential apartments above. www.propropertygroup.com.au

FOR SALE

AREA TYPE

Michael Martino

0417 474 105

michael@propropertygroup.com.au

47

Property Listings

WA

A COASTAL LIFESTYLE WA, Two Rocks: 99 Reef Break Drive VIEW LISTING

Outline Indicative Only

Outline Indicative Only

RESIDENTIAL DEVELOPMENT OPPORTUNITY + 38.43ha residential development site

+ Less than 10km* to future Yanchep train station

+ 30 titled single residential lots ranging from 367sqm* to 455sqm*

+ Located on Perth’s northern beaches in one of the fastest growing residential corridors

+ Subdivision potential for 640* single residential lots and several smaller grouped housing sites

+ Outstanding ocean views from the land rising from the west

PLEASE CONTACT AGENT FOR FURTHER INFORMATION

RYAN MCGINNITY 0417 719 712

*approx

DON’T BE A PROPERTY SEARCHER

LESS SEARCHING. MORE DEVELOPING. developmentready.com.au

Western Australia

BE A PROPERTY DEVELOPER

The Property Development Review

▶ Market Overview ▶ South Australian Listings

SA Adelaide 50 34.9285° S, 138.6007° E

Market Overview

The Property Development Review

Market Overview: Oliver Totani, Knight Frank

Head of Agency within the Knight Frank Adelaide firm, Oliver Totani is an expert in commercial office, retail, development site, industrial and logistics property sales.

In 2019 Oliver was awarded the Property Council of SA’s “Property Professional of the Year” and it’s a recognition that has been earned by no mean feat.

Business might not be usual, but Oliver isn’t in despair – he’s inspired. Sales strategies have been adapted, timelines have been adjusted, service offerings have been evolved; Oliver is using this time with his team to formulate how the next six to 12 months will work to their favour. Speaking with Development Ready’s Rob Langton, Oliver revealed some of the recent market trends

Image: Adelaide Now

he’s currently witnessing. The pair also discussed how the current pandemic has reinforced some issues faced by the retail sector, and how increased online shopping has contributed to a drive for logistics assets within the industrial sector. This is a space that Oliver is going to watch closely over the next 9-12 months – and he suggest that you do too.

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South Australia

In Conversation: The Embracer of Change

Property Listings

SA

Property Listings: Development Sites for sale in South Australia

154 Angas Street Adelaide

290-304 Pulteney Street Adelaide

8 Fourth Ave Ascot Park

66 Anzac Hwy Everard Park

JLL CLICK TO VIEW

JLL CLICK TO VIEW

Agency Avenue Schinellas CLICK TO VIEW

Agency Avenue Schinellas CLICK TO VIEW

52

The Property Development Review

Adelaide CBD site with income For Sale 154 Angas St & 20 Gunson St, Adelaide SA – Large corner site of 1,909sqm* – Functional leased improvements – Net holding income of $126,448pa* – Mixed use zoning with 53m height limit

*(Approx.)

For sale by private treaty Jamie Guerra 0418 849 780

Jed Harley 0418 807 920

Roger Klem 0423 919 373

property.jll.com.au/307733

RLA1842

Prime Adelaide CBD site

For Sale 290-304 Pulteney Street, Adelaide SA – Huge corner site of 2,843sqm* – Emerging health & medical precinct – Valuable holding income of $291,000pa*

*(Approx.)

For sale by private treaty Jamie Guerra 0418 849 780

Roger Klem 0423 919 373

Jed Harley 0418 807 920

property.jll.com.au/307735

RLA1842

53

South Australia

– Opposite $345m Calvary Adelaide Hospital

Property Listings

SA

18.2m

LOT 4

LOT 3

55.3m

55.3m

LOT 2 LOT 1

18.2m Fourth Avenue

Ascot Park 8 Fourth Avenue

Marco Schinella 0423 910 019

FOR SALE BEST OFFER

Development opportunity with council approval for 4 dwellings Land size 1,011 m2 (approx) Buy, build & profit Save on demolition costs

AgencyAvenue SCHINELLAS

18.2m LOT 5 LOT 4

45.7m

LOT 3

45.7m

LOT 2 LOT 1

18.2m Anzac Highway

Everard Park 66 Anzac Highway FOR SALE BEST OFFER

Development opportunity with land division approval for 5 allotments Land size 836 m2 (approx) Only 2.5km from Adelaide CBD Save on demolition costs

Marco Schinella 0423 910 019

AgencyAvenue

(08) 8294 4484 | agencyavenue.com | Adelaide, South Australia | RLA236426

SCHINELLAS

The Property Development Review

WITH THE LONG WAIT TIME TO VIEW PROPERTY DOCUMENTS IS A THING OF THE PAST. *

Do your due diligence quicker.

INSTADOCS allows the selling agent to give you fast access to all the property documents you need. developmentready.com.au *INSTADOCS by Development Ready – TM Pending

▶ Aus. Capital Territory Listings

ACT Canberra 56 35.2809° S, 149.1300° E

Property Listings

ACT

The Property Development Review

Property Listings: Development Sites for sale in Aus. Capital Territory

44 Dickson Place Dickson

13-15 Challis Street Dickson

16 Challis Street Dickson

LJ Hooker Commercial CLICK TO VIEW

Burgess Rawson CLICK TO VIEW

Collliers International CLICK TO VIEW

57

Property Listings

ACT

S O LD VIEW LISTING

Dickson 44 Dickson Place Extremely rare freestanding retail premises

For Sale Offers to Purchase

• • • • • •

Mark Thompson 0438 624 042

Standalone site of 1,096sqm approx Rare Dickson re-development opportunity Freestanding building of 1,375sqm approx Ideal for owner occupier and/or progressive investor/developer Public car parking immediately at the front door with rear loading and access Located only 4km* north of Canberra CBD

ljhookercommercial.com.au

For Sale: 13-15 Challis Street Dickson ACT 2602 POSITIONED ON CANBERRA’S GATEWAY THOROUGHFARE, NORTHBOURNE AVENUE – Spaces from 220 sqm - 500 sqm – 7 car spaces to each office – Major transport interchange

View Listing

Guy Randell 0430 272 999

The Property Development Review

Accelerating success Reach more people – better results faster.

DAME PATTIE MENZIES HOUSE, 16 CHALLIS STREET, DICKSON, ACT, 2602 COMMANDING CBD FRINGE INVESTMENT WITH REPOSITIONING PROSPECTS – High profile corner site of 3,517m² – Residential and hotel use permitted^ – Short-term lease to ACT Government – Ideally positioned with close proximity to the new ACT Light rail, bus interchange, several mixed-use developments and surrounding retail amenities.

View Now

Josh Reid 0432 423 699

Matthew Winter 0432 344 684

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