Given the fact the process from acquisition to construction completion typically takes 2-3 years, the window for opportunity to capitalise on the inevitable uplift of the residential turnaround before the heat comes back into the market, is now.
With planning approvals from all the respective authorities, this significant development site is a ‘one-of-a-kind’. Spread across multiple titles, the combined site area encompasses 45,570sqm. Overall, it’s set to make way for 1,540 individual apartments, 9,250sqm of retail space and 1,500sqm of office space – of course other flexible options can be applied for.
Community housing providers are set to be given a leg up as the National Housing Finance and Investment Corporation (NHFIC) announces the upcoming launch of its $1.5 million grant program to help community housing providers.