THE PROPERTY DEVELOPMENT REVIEW
FROM THE CEO
Welcome to the August/September edition of The Property Development Review. In this issue, our team presents a selection of topical market news and updates. Included are, KordaMentha’s, Faddy Fan’s, article on “Insights and upcoming challenges faced by foreign residential property owners” who will be impacted by changing tax regulations in addition to the impact of the current severe rental crisis, currently with a minuscule vacancy rate of just 0.9%. Benni Aroni, a prominent figure at accountancy firm Pitcher Partners, offers a thought-provoking article on the unparalleled challenges that developers are facing in the current environment. This narrative of the Rouse Hill property market highlights its resilience, particularly among affluent buyers, as exemplified by Castle Group’s impressive $150 million Rouse Hill development project. Our Interview series with Rob Langton features an exclusive conversation with esteemed Australian business leader, Nicholas Moore AO. With a remarkable corporate journey spanning over three decades, Nicholas has cultivated a legendary track record of success, driven by his innate ability to foresee opportunities in investment markets well in advance. During his tenure as the former CEO of Macquarie’s
Investment Banking Group, the division experienced a remarkable income growth of 67 percent, managing a portfolio of assets exceeding $550 billion culminating in a remarkable 300 percent increase in shareholder returns As always, we have kept you up to date with the newest development sites for sale,
EDITOR IN CHIEF Frank Materia frank@ readymedia.com.au
IN-HOUSE WRITER Oliver Gregurek
ADVERTISING OPPORTUNITIES frank@ readymedia.com.au PROPERTY LISTING ENQUIRIES info@ readymedia.com.au EDITORIAL ENQUIRIES editor@ readymedia.com.au CONTACT Ready Media Group Head Office Level 3 161 Buckhurst St South Melbourne VIC 3205 03 9631 5476 info@ readymedia.com.au
plus a summary of recently transacted commercial properties Australia-wide. Enjoy the read and importantly keep well. Best Regards Nick Headshot - TPDR Intro Page
NICK MATERIA CEO - Ready Media Group
MAGAZINE DESIGN Nespecart
ON THE COVER Sam Wemut -unsplash
August / September 2023 – 3
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