Given the election and financial year are now firmly in the background, things are starting to get back to normal with a steady flow of new development opportunities hitting the marketing over August along with a record number of enquires to date.
Our take on the recent month of activity shows a clear move towards boutique inspired development opportunities within both the apartment and townhouse segments – with sites selling with or without development approval.
With banks tightening their lending belts, we now see the second and third tier finance firms throwing open the doors for developers in order to help settle or provide construction capital to developers for their projects.
Additionally, we have noted an influx of enquiries to our agent clients, in particular from those requesting JV opportunities for their vendor’s listings - this seems to have become a recurring theme and appears an exceptional opportunity for developers and investors to team up to deliver their piepleine of projects.
This week’s recent development site opportunities include:
VICTORIA:
98 – 100 TRUNGANINI ROAD, CARNEGIE:
Permit Approved: Boutique apartment development
Land Size: 1,465 sqm*
Listing Agency: CBRE Melbourne
229 BURWOOD HWY, BURWOOD EAST:
Permit Potential: Concepts scheme for 19 apartments
Land Size: 920 sqm*
Listing Agency: ICEBERG & CO
21 NEW STREET, SOUTH KINGSVILLE
Permit Approved: 4 Unit Development
Land Size: 669 sqm*
Listing Agency: 1 Village Property
63-65 EARL STREET, KEW:
Permit Approved: 27 Apartments
Land Size: 1274 sqm*
Listing Agency: Fitzroys Real Estate
NEW SOUTH WALES:
20 ELIZABETH STREET, TIGHES HILL
Permit Approved: 14 Townhouses
Land Size: 2029 sqm*
Listing Agency: Colliers International Newcastle
37 JOHN STREET, LEICHHARDT
Permit Approved: 4 storey industrial building
Land Size: 771 sqm*
Listing Agency: Roger Mickhail
U 30 – 32 PRINCES HIGHWAY, MOLLYMOOK
Permit Approved: 71 lot subdivision
Land Size: 9.28 hectares*
Listing Agency: Colliers International – Wollongong
620&624 MOWBRAY RD, & 27 MINDARIE STREET, LANE COVE NORTH
Permit Potential: Zoned R4 High Density residential
Land Size: 1,668 sqm*
Listing Agency: Savills Sydney
QUEENSLAND:
36 CUNNINGHAM STREET, TARINGA
Permit Approved: 12 spacious apartments over 3 levels
Land Size: 938 sqm*
Listing Agency: C Property QLD
38-42 CORTIS STREET, MOUNT GRAVATT EAST
Permit Approved: 36 apartments over 6 levels
Land Size: 938 sqm*
Listing Agency: C Property QLD
50 ASHMORE STREET, EVERTON PARK
Permit Potential: Low-Medium Density Residential
Land Size: 6.1 hectares
Listing Agency: Ray White Commercial
23-27 HALPINE DRIVE, MANGO HILL QLD
Permit Approved: DA for Low-Medium Density Residential Units and café
Land Size: 4,400 m2
Listing Agency: Ray White Commercial
