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 Together, these stories reveal an industry adapting to change, embracing innovation and helping shape the future of Australia’s cities, communities and investment landscape. Enjoy the read. In this edition, we explore the forces reshaping Australia’s property landscape—from the future of housing and institutional capital to emerging development opportunities, evolving office markets and landmark projects transforming communities across the country. At the centre of the issue is an exclusive interview between Rob Langton and Craig Carracher AM, one of the most influential figures in Australian real estate. Best known for co-founding Scape Australia and helping establish purpose-built student accommodation as an institutional asset class, Carracher shares the thinking, conviction and long-term vision that have defined his career. His journey from law and corporate advisory into large-scale housing platforms offers valuable insight into how Australia can address growing housing demand through professionally managed, purpose-built living solutions. More than a personal story, the interview explores the future of urban housing, the role of institutional investment and the shift from project-based development to scalable living platforms. Elsewhere, we examine rising CBD office rents as premium buildings continue to outperform, analyse how geopolitical uncertainty is influencing commercial capital markets, and consider how Federal Budget reforms may accelerate investor migration from residential to commercial property. We also spotlight five development opportunities positioned within key growth corridors across Australia. This edition showcases major projects making headlines, including Westmead’s $659 million children’s hospital redevelopment, the delivery of new homesites at Sceniq Bilambil Heights, and the launch of the rare Toogoom Island Portfolio. We also feature the remarkable story behind Brisbane’s $1.5 billion Little Italy precinct, where determination, entrepreneurship and hands-on delivery are bringing a long-held vision to life.
CONTENTS
07 BUILT ONLY FOR COMMERCIAL PROPERTY. NOTHING ELSE COMES CLOSE. Nick Materia Ready Media Group
04 THE INTERVIEW Craig Carracher AM Scape Australia
08 MARKET MOVES
48
DEVELOPMENT-QUEENSLAND Sceniq Delivers First Homesites Ready Media Group
Key transaction & deal analysis
12 OFFICE
49
DEVELOPMENT-QUEENSLAND Toogoom Island Portfolio Launches Ready Media Group
CBD Office Rents Climb Ready Media Group
50 DEVELOPMENT-QUEENSLAND Little Italy Rises: From Accidental Concreter to $1.5bn Precinct Play Clare Burnett The Urban Developer
13
CAPITAL MARKETS Iran Conflict Cools Capital
Markets - For Now Ready Media Group
14
DEVELOPMENT 5 Development Opportunities To Watch Ready Media Group
52 67
QLD OPPORTUNITIES
INDUSTRIAL - SOUTH AUSTRALIA Safcol Invests $91m in Adelaide Manufacturing Plant, Fish Market Chris Thomson The Urban Developer
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
16
FEDERAL BUDGET Federal Budget Could Trigger Major Shift from Residential into Commercial Ready Media Group
74 68
SA OPPORTUNITIES
18 HEALTH - NEW SOUTH WALES
LEND LEASE - WESTERN AUSTRALIA Providence Finally Approved for Over-50s at Base of Perth Hills Chris Thomson The Urban Developer
Westmead’s $659m Hospital is NSW’s Biggest Paediatric Build in 25 Years Vanessa Croll The Urban Developer
20 NSW OPPORTUNITIES 32 VIC OPPORTUNITIES
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WA OPPORTUNITIES
80
TAS OPPORTUNITIES
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 Rooftop Studio - Bay Central, Woolooware June / July 2026 – 3
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