Issue 50 | The Property Development Review

CONTENTS

6 THE INTERVIEW Michael Malone iiNET

16 MARKET MOVES The Latest Transaction Activity & Key Deals

28 NSW FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES Top 3 perfoming listings 56 VIC FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES Top 3 perfoming listings 82 QLD FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES Top 3 perfoming listings 110 SA FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES Top 3 perfoming listings 122 WA FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES Top 3 perfoming listings

FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (NSW)

27 & 29 TRYON ROAD LINDFIELD – NSW 2070

122-124 QUEENSCLIFF ROAD QUEENSCLIFF – NSW 2096

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Development Potential Residential

MARKET MOVES

This prime raw residential development site spans 3,075 sqm*, featuring rear lane access via Tryon Lane and approximately 15 car spaces, ensuring convenience and accessibility. Zoned R4 High-Density Residential, it allows for a 1.3:1 ratio and a 17.5-meter height limit, with the potential for a significant uplift to 3:1 FSR and six (6) storeys under the NSW government’s Transport Oriented Development Program. Currently operating as an approved and renovated aged care facility with a single dwelling, it sits strategically in Lindfield Village, merely 270 meters from Lindfield Train Station. Surrounded by leading retailers, eateries, and public transport, including major developments like ‘Seldon’ by Mirvac, it offers an enticing investment prospect.

66-68 DUDLEY STREET RYDALMERE – NSW 2116

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Development Approved Residential, Boarding House

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This opportunity comprised two adjacent houses on a sizable land parcel of 1,194sqm*, strategically situated near Western Sydney University (Parramatta Campus) and major transport hubs, with a Development Approval secured for a 38-room boarding house, presenting exceptional potential. The site at 66-68 Dudley Street, Rydalmere, boasts key X-factors including DA approval for the boarding house, a land area of 1,194sqm*, an FSR of 0.6:1 and a Height Limit of 11m. Existing improvements consisting of two residential houses, convenient access to the Parramatta light rail line and Dundas Station while also having a holding income of approximately $50,000* per annum, which proved very popular with our New South Wales developer audience!

12 WEALTH REPORT Private investors the most active buyers in Australia and globally 10 THE INTERVIEW John Rothwell AO Austal 8 Hotel Transactions Hotel investors ride out economy at high end of town 14 INDUSTRIAL NEWS 2024 Commercial property frontrunner

20 UPCOMING COMMERCIAL AUCTIONS Auction Hub

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FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (VIC)

With an extensive developer database coupled with predict intelligence, we identify and target purchase-ready buyer segments that match your property, delivering quality leads campaigns.

26 HUON PARK ROAD CRANBOURNE NORTH – VIC 3977

649-651 GLEN HUNTLY ROAD CAULFIELD – VIC 3162

Auction Hub

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Auction Hub

Development Approved Child/Healthcare

This property boasts a sizable 1,922sqm* landholding with a generous 30m* frontage. With a permit approved for a cutting-edge 112-place childcare centre, it meets the burgeoning demand for childcare in the area. Positioned in General Residential Zone 1 (GRZ1), it offers lucrative leasing potential with an Agreement to Lease secured at $403,200pa net rental. Notably, the vicinity enjoys a favourable Child to Long Day Care Place ratio of 3.45 within 2km, complemented by the presence of 6 primary schools and proximity to Casey Central and HomeCo. Cranbourne Shopping Centres. With all of this in mind, it is no wonder that this site was one of our best performing for February.

Auction Hub

Upcoming

Auctions

Upcoming

Auctions

119 CHESTERVILLE ROAD CHELTENHAM – VIC 3192

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Development Approved Commercial, Industrial

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Situated at 119 Chesterville Rd, this property offers 9,226 sqm* of Industrial 1 zoned land, nestled beside parkland to its south and west. It comes with a coveted permit for a commercial/industrial development, featuring a uniquely crafted design tailored for the local community.

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24 MARKET INSIGHTS Real Estate Debt Emerges as Key Alternative Strategy Clare Burnett Urban Developer 26 ADVERTORIAL Tech Solutions to Increase Profitability and Productivity. Procore 27 MARKET INSIGHTS Revelop Snaps Up ‘Trophy’ Stockland Sydney Site Clare Burnett Urban Developer 84 MARKET INSIGHTS Cairns Runs Hot Marisa Wikramanayakefri Urban Developer

FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (QLD) For developers, it presented an opportunity where the groundwork and holding time had already been completed. Alternatively, it presented the opportunity to seize the chance to establish your own industrial facility in Bayside’s sought-after precinct, either as an owner- occupier or investor. Positioned amidst a dynamic locale with Morris Moor and “The Grounds” by Pellicano nearby, alongside Waves Recreation Centre, it promises a thriving environment.

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SPINNAKER SOUND MARINA , SPINNAKER DRIVE SANDSTONE POINT – QLD 4511

1-3 HOWARD STREET RUNAWAY BAY – QLD 4216

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Development Potential Residential

Spinnaker Sound Marina provides a rare chance to acquire a substantial waterfront property and established marine business near Brisbane and the Sunshine Coast. As the access point to Moreton Bay, the marina offers year-round boating in the sheltered Pumicestone Passage without sand bar crossings. With Queensland boat registrations rising steadily, demand for berths and maintenance facilities is high. New developments face significant barriers, making established marinas like Spinnaker Sound desirable. With over 250 loyal customers and high occupancy rates, the marina generates a stable annual EBITDA of approximately $1,000,000. A waitlist of 100 boats promises immediate income growth.

SPRINGFIELD CENTRAL - CITY WEST 7003 SINNATHAMBY BOULEVARD, SPRINGFIELD CENTRAL – QLD 4300

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Development Potential Mixed Use

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This strategic development site, benefiting from “Town Centre” zoning, offers a blend of permissible uses, including convenience retail, large format retail, commercial offices, entertainment, leisure, and medium-density residential options. Supported by robust population growth, retail expenditure, and pent- up demand, City West Development highlights its prime 127,250m² landholding with significant mixed-use and future development potential.

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FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (SA) Positioned approximately 25km southwest of Brisbane CBD, it lies at the heart of one of Australia’s fastest- growing regions, Greater Springfield. With flexible zoning and land use designations, it caters to evolving needs, staging its precinct development to match the burgeoning population catchment, forecasted to reach 251,428 by 2036.

With an extensive developer database coupled with predictive intelligence, we identify and target purchase-ready buyer segments that match your property, delivering quality leads for campaigns.

159 & 161 ANGLE VALE ROAD ANGLE VALE – SA 5117

100 FOLKESTONE ROAD DOVER GARDENS – SA 5048

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Development Potential Child/Healthcare, Commercial

This appealing development site spans 3,864 sqm* of land, offering diverse project possibilities (STC). The property’s current residence is leased until July 2024, providing a steady holding income of $430/week during the planning phase. Zoned as a Master Planned Township, permissible developments encompass a range of options, such as Childcare Facilities, Community Facilities, Consulting Rooms, Dwellings, Offices, Retail Shops, and Ancillary Accommodation (STC). With a landholding of 3,828 sqm* spread across 2 titles, along with the included residence generating income until January 2025, this site presents an ideal canvas for various development prospects, in line with zoning regulations and potential approvals.

200 GROTE STREET ADELAIDE – SA 5000

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Development Potential Commercial

Access to purchase-ready develope buyers for targeted leads

Presenting a 3-year leaseback, this property offers developers and occupiers a clear trajectory. It features a sizable 1,130sqm* showroom with a 184sqm* warehouse for storage, totaling 1,365sqm* of lettable space on a 1,519sqm* CBD site. Located on a bustling CBD road with Capital City zoning and a 53m height limit, it promises diverse development prospects. Key assets include the prime CBD location, functional showroom/warehouse space, 3-street frontage, proximity to F&B options and Chinatown, and a short-term income of $275,000. This property is a strategic investment opportunity with significant potential for future growth and development.

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FEBRUARY’S BEST PERFORMING DEVELOPMENT SITES (WA)

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68 & 106 NETTLETON ROAD BYFORD – WA 6122

LOTS 1 & 2, 75 & 76 OCEAN DRIVE BUNBURY – WA 6230

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Development Potential Residential

This site, located in the Shire of Serpentine Jarrahdale and suburb of Byford, lies approximately 45 kilometers south of Perth CBD and 2.7 kilometers east of Byford town center. With a frontage of about 689m to Nettleton Road, it is bordered by established residential properties to the north and ongoing residential development to the southwest. Within lots 103 and 801 are Cohunu Koala Park, 3 residential dwellings, and the former Byford Animal Quarantine Station. The total site area spans 23.60 hectares, with a proposed Tourism Park title of 6.67 hectares to be retained by the existing owners, leaving a balance land area of 16.93 hectares for sale. Detailed plans and potential lot yield are available in a due diligence pack, with potential amendments subject to discussion.

to nspect, nvest, or Vst

to nspect, nvest, or Vst 163 BELGRADE ROAD WANNEROO – WA 6065

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Development Potential Industrial, Residential

Access to purchase-ready develo buyers for targeted leads

Located within the East Wanneroo District Structure Plan, endorsed by the Western Australian Planning Commission in July 2021, this property is bounded by Franklin Road to the east and Belgrade Road to the south. Zoned as ‘Suburban neighbourhood’ under the Structure Plan, it falls within Precinct 5 – Belgrade Road, aiming for 1,900 dwellings. Notably, Precinct 5 features medium-density housing, with intensified development along Belgrade Road to maximize views. The area enjoys strong connectivity to Wanneroo town center. With the northwest sub-region’s population projected to more than double by 2050, from 322,490 in 2011 to over 740,330, significant growth opportunities are anticipated. 58 VIC LISTINGS

15 OFFICE NEWS Australia’s 2024 office market presents golden opportunities

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30 NSW LISTINGS

With an extensive developer database coupled with predictive intelligence, we identify and target purchase-ready buyer segments that match your property, delivering quality leads fo campaigns.

86 QLD LISTINGS 124 WA LISTINGS 134 TAS LISTINGS 136 ACT LISTINGS 112 SA LISTINGS

4 – April / May 2024

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