THE PROPERTY DEVELOPMENT REVIEW
382 GRAND PROMENADE, DIANELLA WA
“We continue to witness increased levels of demand for defensive ‘set-and-forget’ style investments which can be developed and even managed remotely,” stated Mr. McConnell. The group of properties consists of six landholdings in South Australia, four in New South Wales, three in Victoria, two in Queensland, and one in both Western Australia and Tasmania. The sheer diversity in offerings means it’s unlikely any prospective buyer will be left without a landholding to call their own. The sites are available collective in-one-line, individually, or in tranches, and will be offered to the market for sale via an Expressions of Interest campaign that concludes on Wednesday the 16th of November.
of investors looking to move into the agricultural production sector. For developers with industrial interests, a 1,821 sqm site is available in the Queensland town of Ayr. Meanwhilst, down in Victoria, a Shepparton lot containing 11,256 sqm of land zoned for industrial use sits dormant on McGill Street, just a short drive from the town’s epicentre. Other properties include a 1,571 sqm property in Launceston designated for Mixed-Use, a 1,816 sqm commercial corner site in the Perth-adjacent suburb of Dianella, and a 3,750 sqm landholding in South Australia’s Lock that is zoned Neighbourhood. Colliers believe that much of the enquiry for the portfolio will come from developers looking to build for long-term returns, as many of the regional centres that the collection of properties taps into are exhibiting notable economic and demographic growth. Take Cooma for example; the New South Wales township has seen its medium sales figure for land jump by nearly 79 per cent over the past twelve months, according to District Data.
October / November 2022 – 23
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