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Market update and this week’s featured development sites – VIC, NSW & QLD

Posted by Development Ready on Aug 23, 2016


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

VIEW MORE DETAILS


229 BURWOOD HWY, BURWOOD EAST:

Permit Potential: Concepts scheme for 19 apartments

Land Size: 920 sqm*

Listing Agency: ICEBERG & CO

VIEW MORE DETAILS

 

21 NEW STREET, SOUTH KINGSVILLE

Permit Approved: 4 Unit Development

Land Size: 669 sqm*

Listing Agency: 1 Village Property

VIEW MORE DETAILS

 

63-65 EARL STREET, KEW:

Permit Approved: 27 Apartments

Land Size: 1274 sqm*

Listing Agency: Fitzroys Real Estate

VIEW MORE DETAILS

 

 

NEW SOUTH WALES: 


20 ELIZABETH STREET, TIGHES HILL

Permit Approved: 14 Townhouses

Land Size: 2029 sqm*

Listing Agency: Colliers International Newcastle

VIEW MORE DETAILS

 

37 JOHN STREET, LEICHHARDT

Permit Approved: 4 storey industrial building

Land Size: 771 sqm*

Listing Agency: Roger Mickhail

VIEW MORE DETAILS

 

U 30 – 32 PRINCES HIGHWAY, MOLLYMOOK

Permit Approved: 71 lot subdivision

Land Size: 9.28 hectares*

Listing Agency: Colliers International – Wollongong  

VIEW MORE DETAILS

 

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 

VIEW MORE DETAILS

 

QUEENSLAND: 


36 CUNNINGHAM STREET, TARINGA

Permit Approved: 12 spacious apartments over 3 levels

Land Size: 938 sqm*

Listing Agency: C Property QLD  

VIEW MORE DETAILS

 

38-42 CORTIS STREET, MOUNT GRAVATT EAST 

Permit Approved: 36 apartments over 6 levels

Land Size: 938 sqm*

Listing Agency: C Property QLD  

VIEW MORE DETAILS

 

50 ASHMORE STREET, EVERTON PARK

Permit Potential: Low-Medium Density Residential

Land Size: 6.1 hectares

Listing Agency: Ray White Commercial 

VIEW MORE DETAILS

 

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

VIEW MORE DETAILS



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