THE PROPERTY DEVELOPMENT REVIEW
FROM THE CEO
Greetings to the last release of The Property Development Review for this year – the summer issue! What a dynamic year its been for the property market! The fluctuations across a number of sectors made it tough for experts to anticipate trends. At the Ready Media Group, we experienced significant overall growth and pioneered the market by further enhancing our proprietary proptech tools including Instadocs and District Data. Within this edition, we present current industry-related articles, podcasts, interviews, and summaries for you to consume now and during the holiday season. Vanessa Rader, Ray White’s Head of Research, returns with a deep dive into construction and reviews the statistics behind the crane index nationwide. Discover which cities exhibit the strongest crane growth, what development sector this signifies the most growth for, and the implications for property development in Australia. Vanessa also explores the surge in commercial investment in alternative asset classes over the past two years, and probes crucial questions about what’s on the horizon. Irana Tan, Partner at Pitcher Partners, guides us through crucial changes to the Victorian Land Tax, vital for residential property developers and holiday homeowners in the state. Join the podcast Oliver Totani, Partner and Head of Capital Markets at Knight Frank, as he shares insights into the South Australian property market, spotlighting Adelaide’s resilience in the face of wider economic influences. James Matley, of Colliers’ Queensland conducts an in-depth review of Brisbane’s inner-city apartment market, offering key market insights and a peek into potential 2024 trends. Ted Fitzgerald, Partner at KordaMentha, explores the rise of non-bank lenders and
how increased funding costs are impacting the development market. He emphasizes the necessity for lenders to meet statutory obligations to manage risk in this volatile lending environment. In our exclusive interview series, Rob Langton engages in a discussion with John Poynton AO , a highly respected corporate advisor integral to Western Australia’s business community for over four decades. Additionally, Rob delves into an exclusive interview with Shesh Ghale , Co-Founder & CEO of MIT Group, a renowned property developer, and global philanthropist, exploring his background, passion for education, and key ingredients for success. Furthermore Rob speaks extensively with Kevin Maloney, Founder & Chairman of family office investment firm Tulla Group, covering his journey, early successes, the rise of MAC Services, career milestones, and his family office’s investment focus.
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
As always, we bring you the latest commercial and development opportunities nationwide, along with significant transactions from the past month plus more. Enjoy the read and have a thoroughly deserved break! Nick Headshot - TPDR Intro Page
MAGAZINE DESIGN Nespecart
ON THE COVER Lloyd Williams -unsplash
NICK MATERIA CEO - Ready Media Group
November / December 2023 – 3
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