Issue 77 I The Property Development Review

CONTENTS

WELCOME

CONNECT WITH US THE PROPERTY DEVELOPMENT REVIEW: Online Issues: developmentready.com.au/content hub DEVELOPMENTREADY: Website: developmentready.com.au SoundCloud: /readymediagroup LinkedIn: @developmentready Facebook:/developmentready The Interview YouTube: @TheInterviewAU Instagram:@development_ready COMMERCIAL READY: Website: commercialready.com.au Looking ahead, artificial intelligence is changing how property markets are analysed and investment decisions are made. Meanwhile, growing demand for purpose-built student accommodation is creating opportunities, even as the economics of delivering new projects become increasingly difficult. Together, these stories reveal an industry balancing ambition with commercial realities, where innovation, adaptability and informed decision-making are more important than ever. Enjoy the read. Across the country, developers are reassessing where and how they invest. In Western Australia, Perth’s unique market conditions are attracting eastern states developers, but success requires a different approach to navigating local opportunities and challenges. We also examine the financial realities facing builder-developers, drawing lessons from Grocon’s collapse and Bathla’s challenges to highlight the importance of cashflow management and financial discipline. In this edition, we explore the people, projects and market forces reshaping Australia’s property landscape, from ambitious developments and emerging asset classes to the financial pressures and technologies influencing the industry’s next chapter. We profile Arnold Vitocco, exploring his journey in property, the experience behind his success and his perspective on the opportunities and challenges shaping the development industry. We also spotlight Shesh Ghale, delving into his journey from international student to prominent property investor and entrepreneur, the vision driving his success and his insights into the opportunities and challenges shaping Australia’s property sector. Victoria’s build-to-rent sector continues to gain momentum, with PDG and Zagame planning Cremorne’s first dedicated BtR tower. Meanwhile, in New South Wales, The Living Company is challenging traditional housing models, outlining ambitious plans to expand its footprint across retirement living, rental housing and land lease communities. In Queensland, Goldfields is moving ahead with a $280-million office development in Brisbane’s Fortitude Valley, signalling confidence in the commercial sector. Adelaide’s student accommodation pipeline is also gathering pace, with a proposed 40-storey tower bringing the South Australian capital closer to another development milestone.

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04 THE INTERVIEW Arnold Vitocco Vitocco Enterprises

05 THE INTERVIEW Shesh Ghale MIT Group

06 Room to Grow: Maths on Student Accommodation Doesn’t Add Up Prepared By Ready Media Group

Goldfields Pushes Go On $280m Fortitude Valley Office Block The Urban Developer

Grocon’s Fall, Bathla’s Fallout: The Cashflow Lessons for Builder- Developers The Urban Developer

QLD OPPORTUNITIES

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SA Capital’s Student Tower Boom Edges Closer to a Fresh Record The Urban Developer

08 MARKET MOVES

Key transaction & deal analysis

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Linkedin: @commercialready Facebook:/commercialready Instagram: @commercial.ready ROOFTOP: Website: rooftop.studio Vimeo:/rooftopstudio Instagram: @rooftopstudio READY MEDIA GROUP: Website: readymedia.com.au EDITOR IN CHIEF Frank Materia IN-HOUSE WRITERS Oliver Gregurek & Dimity Barber ADVERTISING ENQUIRIES frank@readymedia.com.au LISTING ENQUIRIES info@readymedia.com.au EDITORIAL ENQUIRIES editor@readymedia.com.au CONTACT Ready Media Group Head Office Levels 3&4/161 Buckhurst St South Melbourne VIC 3205 Email: info@readymedia.com.au Telephone: (03) 9631 5476 MAGAZINE DESIGN Nespecart ON THE COVER 189 Toorak Road, South Yarra

12 Smart Moves: AI Puts Property Markets To The Test Prepared By Ready Media Group

SA OPPORTUNITIES

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Perth Development Playbook Not What Eastern States Expect The Urban Developer

‘We Have to Disrupt’: The Living Company Plots Its Next Move The Urban Developer

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NSW OPPORTUNITIES

WA OPPORTUNITIES

34 PDG, Zagame Planning Cremorne’s First Btr Tower The Urban Developer

ACT OPPORTUNITIES

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NZ OPPORTUNITIES

VIC OPPORTUNITIES

2 – October / November 2026

October / November 2026 – 3