Developers

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EXPERT OBSERVER

Mike Day recommends six planning actions for councils, developers and planners to ensure regional township projects are embraced by the community:

1. Councils could develop building codes and guidelines which reflect and respect their distinctive local settings. Mike says developers and planners should respect a town’s character by integrating complementary developments into the existing urban pattern rather than introducing conventional suburban subdivision patterns and built form.

2. Engage and consult early with the community. Local residents are inevitably ‘local experts’ that have travelled extensively. When they are involved early in the planning process they can provide feedback and advise the changes they want to see to create a town they are proud of and will love to continue calling home. Councils and planners can get meaningful input from the community through engaging with residents, planning design forums where the community and stakeholders explore solutions and design ideas through interactive workshops, and social media. By capturing residents’ feedback, designers and planners can ensure the community’s views are reflected in the design and development of any future projects.

3. Create jobs for the local community. Creation of mixed-use neighbourhoods or business hubs and Government projects will attract business and work opportunities for local residents. In Mike’s extensive experience on regional projects, he has found residents are very receptive to development plans that provide local jobs, particularly for the youth of a community, which invariably assists in addressing many social issues.

4. Reinforce and expand existing walkable neighbourhoods. Compact, mixed-use, walkable neighbourhoods provide opportunities for social connection and a reduced reliance on cars. With remote working becoming more popular, living in closer proximity to local amenities can reduce feelings of isolation and loneliness, and will also foster a stronger community and sense of belonging, particularly among new residents moving from major cities.

5. Provide housing diversity. Communities that combine single dwelling homes, townhouses, apartments, and specialised housing such as seniors housing integrated with the township, enables ageing in place and attracts residents of all ages and incomes. Regional communities are receptive to diverse housing options if they maintain the essence and unique character of their townships.

6. Maintain community engagement in perpetuity. Mike says councils, planners and developers must get feedback from the community at all stages of planning and development. Interactive mapping and community forums provide locals with the opportunity to voice their opinions and achieve built form outcomes they feel meet local needs. Mike highlights the importance of getting a true cross-section of the community, not just the vocal minority, through expressions of interest for community involvement. Ongoing community input on regional projects will ensure the critical attributes of the town is retained.

Mike Day is a partner at award-winning Australian urban planning and design practice Hatch RobertsDay
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Mike Day recommends six planning actions for councils, developers and planners to ensure regional township projects are embraced by the community

Planners must avoid ‘suburbanisation’ of regional towns, Community is Key: Mike Day

<html><body>Non-bank funders are looking to lend to apartment developers whose project starts were stalled across Melbourne during the pandemic.

"We are seeing the savvy developers doing what they can now to get their projects moving," Wingate managing director (property) Mark Harrison told Nine Entertainment.

But Harrison confirmed "a real distinction" between investor and owner-occupied product.

"The owner-occupier market is quite strong and we are funding quite a bit through the middle and inner-ring suburbs, driven by downsizers and people making lifestyle choices."

The big banks are mostly absent from the market, given their policies on pre-sales.

Pallas Capital chief investment officer Dan Gallen noted the banks often still had a requirement for onerously high levels of pre-sales.

"The banks have not moved with the times," Mr Gallen said.

"Developers are left in purgatory," he added.

Pallas Capital has extended $700 million of apartments across the major capital cities over the last three years, mostly via first mortgages, targeting upmarket developments in suburbs Malvern and Brighton in Melbourne.

"The market is certainly there, especially in the owner-occupier space," Mr Gallen said.

"We have had $150 million of loans repaid in the last three months from developers able to sell product."

The article noted MaxCap Group founder Brae Sokolski indicating its client developers were taking a position on the demand picture in 2022 and 2023.

"If net migration returns, we feel there will be a chronic housing shortage that will work in favour of developers with completed projects."

Sokolski noted funding conditions were especially working in favour of inner-city boutique developments, led by owner-occupiers.

MaxCap is backing the $45 million One Wilson Avenue project in Brunswick, consisting of 41 apartments being developed by Neometro and Milieu.</body></html>

Pallas Capital has had $150 million of loans repaid in the last three months from developers able to sell apartments

jchancellor

Non-bank lenders triggering apartment project restarts across Melbourne

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Knowing the developer and their projects is an important step in preparing to purchase an off-the-plan property.

But, navigating through pages of reviews on past projects – on top of the already exhausting task of searching for a home – might seem daunting to some first home buyers.

Urban takes a look at ten developers operating in the NSW that you should know about. 
 

1. <a href="https://www.urban.com.au/developers/meriton" target="_blank">Meriton</a>

One of Australia’s most successful residential property developers, Meriton is expected to make a significant impact on the property landscape in 2021. Since its formation in 1963, Meriton has grown to become the nation’s largest apartment developer.

Founded by billionaire property entrepreneur Harry Triguboff, the developer is known for its sophisticated designs and high-quality apartments.

<a href="https://www.urban.com.au/new-apartments/destination-114-talavera-road-macquarie-park" target="_blank"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/destination-114-talavera-road-macquarie-park-a01e0c0989e3e71fbf549469c332ad75_0.jpg" width="1920"></a>

Among their project includes Destination in Macquarie Park and Zetland’s Eminence [smartcode_project:default project_id=21882].

Destination is located within NSW’s second-largest business district and offers residents convenience, timeless design and views from every angle.

Designed by DKO Architecture, the development boasts serene garden terraces and house-like proportions at an entry price of $600,000.

In 2020, the group’s Dee Why development, Lighthouse, was named the best mixed-use development of the year by the Property Council of Australia.

[smartcode_project:default project_id=6337]

Complete and ready to move in, Lighthouse is built over four buildings rising above the suburb’s tallest towers and features views of the ocean, beach and lagoon. 
 

2. <a href="https://www.urban.com.au/developers/deicorp" target="_blank">Deicorp</a>

One of the younger developers on the list, Deicorp was founded in 1999 and today has over $2.5 billion of residential, retail and commercial real estate in the pipeline.

<a href="https://www.urban.com.au/new-apartments/highline-7-maple-tree-road-westmead" target="_blank"><img alt="" height="1100" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/highline-164-hawkesbury-road-westmead-5b058f384c87f98e131cbc72bbe5e277.jpg" width="2000"></a>

The privately-owned development group has delivered over 8,000 apartments and is comprised of development, construction, marketing and project managers as well as a range of other trade professionals.

Following their success in 2020, the Sydney-based group is expected to continue delivering successful developments across NSW, cementing their position as one to watch.

Among their recently completed developments is the Westmead project, Highline, situated at 7 Maple Tree Road. Surrounded by parklands and heritage buildings, the project offers 556 apartments and offers resort-style amenities, barbeque pavilions and 360 degree views of Parramatta Park and Blue Mountains bushland.

[smartcode_project:default project_id=6114]

3. <a href="https://www.urban.com.au/developers/frasers-property" target="_blank">Frasers Property</a>

With over 95 years’ heritage in Australia, Singapore-based Frasers Property operates across residential, retail, commercial and industrial property markets.

Building upon a successful year, the property group is expected to reach new heights in 2021, with the development of their new $2.1 billion community, Midtown MacPark in Sydney’s Macquarie Park.

[smartcode_project:default project_id=29969]

With upcoming projects including the renewable Ed.Square, a net-zero energy demand home project in Edmonson Park, Frasers Property continues to strive towards a green future without sacrificing high-quality developments, convenience and style.

[smartcode_project:default project_id=5995]

Ed.Square homes went on sale in November last year and is expected to save residents up to 43 per cent of their energy costs.

Last November, Frasers Property was won two awards in the Global Real Estate Sustainability Benchmark (GRESB) rankings, named the ‘global development sector leader – residential’ and the ‘global non-listed sector leader – diversified office/industrial’.

<a href="https://www.urban.com.au/new-apartments/edsquare-cnr-soliders-pde-and-campbelltown-road-edmondson-park" target="_blank"><img alt="" height="1665" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/edsquare-cnr-soliders-pde-and-campbelltown-road-edmondson-park-d2814fe4b33c98dd948caa3aa60aeb4e.jpg" width="2500"></a>

CEO Anthony Boyd said the rankings were a reflection of the company’s consideration of environmental, social and financial sustainability in all its operations. 
 

4. <a href="https://www.urban.com.au/developers/crown-group" target="_blank">Crown Group</a>

Taking out the Housing Institute of Australia's apartment complex award last year, the Crown Group has secured a position as a must-watch developer. Crown’s NSW operations are constantly winning awards, with major residential apartment projects including Infinity at Green Square, Arc and V by Crown.

 [smartcode_project:default project_id=26390]

Led by chairman Iwan Sunito, the group has a $5 billion development pipeline across its apartment, commercial and hotel projects spanning five cities and three continents.

In 2021, Mastery by Crown Group is expected to reach completion, delivering five buildings in Sydney’s Waterloo.

[smartcode_project:default project_id=7020]

Comprising 368 luxury apartments designed by Kengo Kuma, Koichi Takada and Silvester Fuller, Mastery offers “an escape from today’s demanding urban lifestyle,” the project marketing reads. It will also be home to Sydney’s first Japanese-oriented eat street.

<a href="https://www.urban.com.au/new-apartments/mastery-by-crown-group-44-48-odea-avenue-waterloo" target="_blank"><img alt="" height="512" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kkaa_kta_lunance_roof-top_v2_low-1024x512.jpg" width="1024"></a>

5. <a href="https://www.urban.com.au/developers/cbus-property" target="_blank">Cbus Property</a>

At Cbus Property, a stringent environmental policy hopes to benefit the environment as well as communities. Aiming to achieve a minimum five-star design and ‘as-built’ rating under the Green Star system, the development group assures sustainable business practices in all their new developments.

With a portfolio exceeding $5 billion across investments and developments in the commercial, residential and retail sectors, Urban believes that Cbus is one to watch over the coming year.

Known for their commitment to partners, commercial success and sustainable design, the group’s Newmarket project in Randwick is no exception. Expected to reach completion in mid-2021, Newmarket provides 17 residential apartment buildings to be developed in three stages.

[smartcode_project:default project_id=7591]

Designed by Bates Smart, the project will include terraced lawn seating, a large open green space, a community barbeque and seating area, as well as a series of outdoor garden rooms.

The Langston’s second stage, Central, is also expected to reach completion this year in Sydney’s Epping, delivering 180 one, two and three-bedroom apartments and other mixed-use offerings over 24-storeys. 
[smartcode_project:default project_id=29936]

6. <a href="https://www.urban.com.au/developers/aoyuan-international" target="_blank">Aoyuan International</a>

Specialising in the investment and management of international property development projects, Aoyuan International has proven its strength and capabilities worldwide.

As one to watch in 2021, Aoyuan is expected to complete various projects this year, including 412-resident development, The Lennox, in Parramatta.

[smartcode_project:default project_id=5743]

Each residence within the complex presents as a luxurious and timeless home, highlighting exceptional views and modern functionality. Amenities within the Lennox include a residents’ lounge, 25-metre pool, terrace and gym.

Completing construction this year and one-to-watch is the group’s Adela project in the inner-western suburb of Burwood.

<a href="https://www.urban.com.au/new-apartments/adela-1-7-gloucester-avenue-burwood" target="_blank"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/adela-1-7-gloucester-avenue-burwood-9b9ecbb7ad1c9740c5300d1245cefd1f.jpg" width="2000"></a>

Overlooking Burwood Park, Adela offers shared walkways, green communal areas and courtyards. Designed by PDB Architects, the thoughtful design includes full-height glazing, sliding doors to balconies and quality finishes. 

[smartcode_project:default project_id=6842]

Since its acquisition of Sydney-based developer Capital Bluestone in 2018, Aoyuan has expanded its NSW presence, delivering Veridian Kogarah among other high-quality developments. 
 

7. <a href="https://www.urban.com.au/developers/poly-global" target="_blank">Poly Global</a>

Poly Global is a diversified property developer with a portfolio of residential and commercial projects in multiple stages of construction across New South Wales. Poly Australia, which was established in Sydney in 2015, has expanded in the last five years, producing a number of significant residential developments across the Eastern seaboard.

Known for creating sustainable and liveable urban environments, Poly Global is one to watch over the next year, with a company philosophy that aims to enhance each community through clever design.

Now selling in Sydney, is Bankstown’s Spring Square, offering floor-to-ceiling windows, an outdoor oasis and views of the Syndey CBD and Olympic Park.

[smartcode_project:default project_id=7054]

The development group’s Rouse Hill project, Aurora Terraces, is expected to launch soon, presenting investors and first home buyers with three, four and five-bedroom terrace homes in Sydney’s north-west growth corridor. 
 

8.<a href="https://www.urban.com.au/developers/thirdi-group" target="_blank"> Thirdi Group</a>

Well-known for delivering large-scale residential projects in Sydney and Newcastle, Thirdi Group has become one of Australia’s leading property development firms.

With a development pipeline exceeding $500 million, Thirdi has established its place on this list as a recognised industry leader.

The group’s experience in delivering beautiful homes and investment properties are key reasons for their ongoing success.

Among these projects is the harbourfront development, Kurraba Residences, which launched last November.

[smartcode_project:default project_id=13992]

The $170 million development, designed by SJB Architects and Mathieson Architects paid homage to the classic 1920s apartment buildings on the Kurraba Point headland, with views of Sydney Opera House and the Botanical Gardens.

In another collaboration with SJB, Thirdi will complete construction on their Mount Street Residences development in Pyrmont next month. Following the success of their Paragon at Pyrmont project, Mount St will offer five timeless inner-city four-bedroom homes with floor-to-ceiling glazing, a two-car garage and a sophisticated design. 
 

9. <a href="https://www.urban.com.au/developers/greenland-australia" target="_blank">Greenland Australia</a>

Founded in China in 1992, Greenland Group has become a global powerhouse, recognised as a Fortune 500 company for nine consecutive years. Its subsidiary, Greenland Australia, was established in Sydney in 2013, becoming one of NSW’s leading developers of residential communities.

<a href="https://www.urban.com.au/new-townhouses/park-sydney-149-163-mitchell-road-erskineville" target="_blank"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/park-sydney-149-163-mitchell-road-erskineville-3022c2f59a5844468def3def80fc0527.jpg" width="1200"></a>

Greenland Group is known for their ‘Park Sydney’ project in Erskineville, one of the most significant urban renewal projects in Sydney, in collaboration with GH Australia. Designed around a new public park, and offering cycle and pedestrian links, Park set to be one of Sydney’s leading planned communities.

[smartcode_project:default project_id=5811]

Two-bedroom apartments in the community’s first buildings, Botany and Cascade, begin at $1.15 million, designed by WMK Architecture.

Further north-west is the firm’s nbh at Lachlan’s Line development, an urban village delivering superior design, green open spaces and an unparalleled lifestyle.

<a href="https://www.urban.com.au/new-apartments/nbh-at-lachlan%E2%80%99s-line-25-27-epping-road-macquarie-park" target="_blank"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nbh-at-lachlans-line-25-27-epping-road-macquarie-park-13a916adcb18298badcc42cf3d20e43c.jpg" width="1200"></a>

Positioned in Macquarie Park and designed by architects Bates Smart, nbh offers impressive interior design touches in every room, high-end dining venues and leafy, tree-lined parks. 
 

10. <a href="https://www.urban.com.au/developers/level-33" target="_blank">Level 33</a>

Founded in Sydney in 1999, Level 33 is a family-owned and operated business, praised for its innovative designs and meticulous standard of workmanship.

The premier property development group specialises in premium multi-residential and commercial projects, led by leaders in development and construction.

Among their projects is the Wolli Creek development, Vicinity, with an entry price under $500,000, making it an affordable Sydney home.

[smartcode_project:default project_id=14641]

Located near the Cooks River, Vicinity is offering a one-bedroom, one-bathroom residence with a car space at $585,000 or without the car space at $465,000.

The modern apartments are “strikingly contemporary”, the marketing reads, offering stylish kitchens, oversized terraces and open-plan living.
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Urban takes a look at ten developers operating in the NSW that you should watch this year

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10 developers to watch in NSW in 2021

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Knowing the developer and their projects is an important step in preparing to purchase an off-the-plan property.

But, navigating through pages of reviews on past projects – on top of the already exhausting task of searching for a home – might seem daunting to some first home buyers.

Urban takes a glance at five developers operating in the ACT, one of Australia’s strongest rental markets with consistently low vacancy rates, to keep an eye on this year.

1. Geocon Group

Since its establishment in 2007, Geocon has risen as Australia’s fourth largest residential developer, according to the Housing Industry Association. The company has an annual turnover of $250-300 million and is now one of Canberra’s most successful developers.

“Geocon’s hallmark is architecturally-stunning buildings that deliver a new standard of contemporary living”, the company writes.

<a href="https://www.urban.com.au/projects/midnight-92-northbourne-avenue-braddon" target="_blank"><img alt="" height="630" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/geocon.jpg" width="1200"></a>

With several quality developments in the pipeline, this local development group is one to watch. Currently, Geocon boasts nine developments across the territory currently on the market. Among these are two Braddon projects, Midnight and Envie, as well as Belconnen’s three-stage Republic.

[smartcode_project:default project_id=14955] 
[smartcode_project:default project_id=22003]

The third and final stage of Republic, Nightfall, offers a collection of 334 one and two-bedroom apartments overlooking Lake Ginninderra, designed by Fender Katsalidis. Investors and home buyers can secure a home in the development now, with one-bedroom apartments starting from $468,900. 
[smartcode_project:default project_id=6541] 
[smartcode_project:default project_id=29898]

<a href="https://www.urban.com.au/new-apartments/nightfall-cameron-avenue-belconnen" target="_blank"><img alt="" height="384" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nightfall.jpg" width="690"></a>

You can <a href="https://www.urban.com.au/developers/geocon-group">view Geocon's full list of projects here</a>. 
 

2. JWLand Development

ACT property developer JWLand has become a significant player in Canberra’s residential property industry – well on their way to becoming a national leader in development. JWLand is known for their community engagement, quality design and precinct-style projects.

One to watch in the new year, JWLand’s current projects include the parkside living quarter, Campbell 5, located in one of Canberra’s most prestigious suburbs. Last year, the project won the Planning Institute of Australia’s ‘From Plan to Place’ award.

<a href="https://www.urban.com.au/new-apartments/campbell5-9-pentland-street-campbell" target="_blank"><img alt="" height="1080" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/jwland_website_projectrenders-hero_1920x1080px_d01-3.jpg" width="1920"></a>

“[Campbell 5] provides a cohesive relationship with the well planned and designed public open spaces and streets,” PIA said.

Other luxury developments delivered by JWLand currently on the market include Braddon’s. Founders Lane. The project’s fourth stage is to be launched soon.

<a href="https://www.urban.com.au/new-apartments/founders-lane-59-currong-street-braddon" target="_blank"><img alt="" height="1115" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/jwla9753_52-braddon-act_e03_cooyong-st.jpg" width="1920"></a>

You can <a href="https://www.urban.com.au/developers/jw-land-development">view JWLand's full list of projects here</a>. 
 

3. Doma Group

Now recognised as one of the largest investment and development companies in the ACT, Doma assumes a strong place as one of Urban’s must-watch developers. Established in 1974, the Canberra-based group has since moved into several sectors of the property industry, including residential apartments, commercial offices, hotels, retail spaces and carparks.

With ten residential developments either on the market or soon to be launched in Canberra, 2021 is set to be a big year for Doma. Developments currently in their pipeline include Griffith’s The Archer and Dickson’s DKSN.

<a href="https://www.urban.com.au/new-apartments/dksn-corner-of-challis-street--cape-street-dickson" target="_blank"><img alt="" height="450" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dksn_landscape_small.jpg" width="800"></a>

Designed by Bates Smart, DKSN will offer 287 one, two and three-bedroom residences, carefully curated restaurants and a state-of-the-art office building. DKSN’s close proximity to the city centre and hotspot of Braddon make it the ideal base for urban adventures, and the development will feature al fresco dining areas inspired by Melbourne’s eat-streets.

You can <a href="https://www.urban.com.au/developers/doma-group-0">view Doma Group's full list of projects here</a>. 
 

4. Core Developments

Celebrating only their tenth year operating in Canberra, Core Developments may be a newer competitor in Canberra’s property development industry but has continued to deliver high-quality developments in the ACT.

​​​Core has completed a number of projects in the Capital Territory. Recently completed projects include the successful residential development in Gungahlin, Mezzo. Completed in November 2017, the project featured 126-apartments across two towers of 7 and 12-storeys.

<a href="https://www.urban.com.au/new-apartments/marlu-corner-of-greenwood-and-mcmichael-terrace-denman-prospect" target="_blank"><img alt="" height="467" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coredev.jpg" width="640"></a>

The company has completed over $100 million in residential and commercial projects, with current works in the pipeline including M42 in Braddon and Marlu in Denman Prospect. Offering townhomes and apartments, Marlu boasts an affordable entry-price of just $299,900.

<a href="https://www.urban.com.au/new-apartments/m42-42-mort-street-braddon" target="_blank"><img alt="" height="1400" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coredev_m42.jpeg" width="1920"></a>

Core Development's latest achievements include two nominations at the 2020 Master Builders and Asset Construction Hire excellence awards including the ‘apartments and units - up to 3 storeys’ and the ‘apartments and units – highrise living’ categories.

You can <a href="https://www.urban.com.au/developers/core-developments">view Core Development's full list of projects here</a>. 
 

5. POD Projects Group

Canberra-based POD Projects Group have secured their place as a developer to watch following the recent completion of their luxury Gungahlin development, Ruby. Operating for nearly 30 years, POD has successfully delivered nearly 1,500 residential and commercial properties throughout Canberra.

<a href="https://www.urban.com.au/new-apartments/ruby-6-gribble-street-gungahlin" target="_blank"><img alt="" height="288" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/podprojec.jpg" width="512"></a>

Core Development and POD have partnered together countless times, with the last five projects they developed collaboratively all winning building awards. Their most recent development, Ruby, featured 169 dwellings, a resort-style rooftop pool and alfresco barbeque areas, designed by Stewart Architecture.

Set for a big year ahead, POD recently purchased a 12,000sqm block of land in the heart of Gungahlin Town Centre, with the community consultation process for the precinct in progress.

You can <a href="https://www.urban.com.au/developers/pod-projects-group">view POD Projects Group's full list of projects here</a>.
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Knowing the developer and their projects is an important step in preparing to purchase an off-the-plan property. Here are five developers to watch in the ACT this year

5 developers to watch in the ACT in 2021 

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Development and investment partners are being sought for a world-class Entrepreneur and Innovation Centre (EIC) to help create the next generation of businesses and jobs for South Australia.  
The multi-storey building will become the iconic flagship of the Lot Fourteen innovation precinct and set the global pace for multidisciplinary innovation, collaboration and entrepreneurship.
Lot Fourteen is backed by the South Australian and Australian governments and is a key focus of the $551 million Adelaide City Deal to provide a springboard for innovation and bring together the state’s leading abilities in space, defence, new technologies and entrepreneurship. 
The precinct is superbly located in Adelaide’s central business district on North Terrace, one of Australia’s most prestigious cultural boulevards.
Lot Fourteen is being developed as a collaborative ecosystem that is accelerating innovation, driving growth and making a global impact in sectors of strength for South Australia.
The EIC will be dedicated to attracting and retaining talented people in South Australia, creating careers in technology-driven industries, and making the state a compelling destination for investors and global companies.
The EIC will feature a collaborative and curated Innovation Hub on its ground and first floors to facilitate industry and research to come together to drive commercially focused ideas and solutions. 
The Australian Government has committed up to $20 million in capital towards the establishment of the Innovation Hub through the Adelaide City Deal. 
The Innovation Hub will be subject to a lease by the state government.
Lot Fourteen is already home to the Australian Space Agency, the Australian Institute for Machine Learning, the Australian Cyber Collaboration Centre, the Stone &amp; Chalk Startup Hub and the MIT bigdata Living Lab.
It is also the home of impressive, pioneering businesses such as Myriota, Inovor Technologies, Neumann Space, Chamonix, Presagen and Life Whisperer.
An Expression of Interest has been launched by Renewal SA on behalf of the state government to seek a preferred proponent to complete the Entrepreneur and Innovation Centre design and to finance, construct and own the building.  
Renewal SA, in its development role for the state government, is seeking proponents with demonstrated experience in successfully delivering complex and innovative projects.
Speed to completion is critical, so the state government will provide a fully costed commercial design scheme that could be quickly progressed to meet the requirements of interested tenants including the Australian Government, university sector and global defence and technology companies.  
This will enable the successful proponent to secure lease commitments and to finalise design and construction documentation for a target construction start date of the second quarter of 2021. 
The EOI will close at 2pm (Australian Central Standard Time) on Thursday, September 10, 2020. 
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Seeking developers for innovation flagship

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Property developers are currently facing a perfect storm, with tightening funding markets and increasing holding costs, all with the disappearing traditional avenue of the major banks, according to Pitcher Partners Melbourne client director Jasson Fallscheer.
Fallscheer says developers are increasingly chasing finance partners willing to back projects as the major banks retreat from smaller developments, highlighting new opportunity for private funders to gain exposure in the sector.
"Developers are looking at ways to get their projects started in a tight funding environment and that has created the opportunity for private funders to step into that void and help get projects started sooner," Fallscheer said.
Damian Pearce, Pitcher Partners client director of business recover and insolvency services, said as well as the difficulties in obtaining funding to commence projects, market conditions meant developers faced heightened risks as projects progressed to completion. 
“Developers are factoring in a higher cost of funds which makes the execution of the project even more vital,” Pearce said.
“One of the things we are starting to see, if you have an increased holding cost and an increased funding cost, developers are going to start thinking about where they can attain margins and that will ultimately be squeezing contractors to obtain profit margin. 
“If final sales prices are coming down and funding costs for construction are increasing, the margins in the middle are getting squeezed and the developer looks to shift those costs down the line.”
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jonathanchancellor-7SQnKwU6yx

A perfect storm for property developers?

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Developer Consolidated Properties Group has recruited industry professionals for three key roles.
The recruits, Chelsey Blount, Clinton Amble and Rob Clifton (pictured left to right) will take on major roles in retail, development and marketing. recruits have been appointed as
Consolidated Properties Group is entering it's 40th year, with a $2.1 billion portfolio of more than 200 residential, retail and commercial projects.
Chelsey Blount will run the company's communications strategy, utilising seven years of experience in the profession, most recently with Ray White and SSKB.
Rob Clifton has 20 years of experience in the retail leasing field, including senior positions with Stockland and QIC.
He has been appointed as National Manager for Retail Leasing.
Project Director Clinton Amble, formerly of Lendlease and Mirvac, has more than a decade of industry experience.
He will take charge of the developer's residential work book, including the $850 million Yeerongpilly Green urban village and the $600 million Cornerstone Living project in Coopers Plains.
Consolidated Properties Group Executive Chairman Don O'Rorke says all three appointments are a major coup for the company.
"As we have approached the 40 year milestone this year, it's the right time to ensure our most important asset - our team - is the best it can be, with the capacity and capability to drive future growth."
"The year ahead promises to be even bigger than 2018, which saw the launch of our new small commercial projects division, the start of upgrade and expansion works on three neighbourhood shopping centres in South East Queensland and the beginning of Yeerongpilly Green," he concluded.
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Developer Consolidated Properties Group expands team

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The RBA says dwelling investment is likely to be around its peak for this cycle, and is projected to now decline over coming years.
"The pipeline of work to be done on higher-density housing remains very large, which should continue to support activity in the near term."
"This is consistent with reports from construction firms and developers in the bank’s liaison program."
However the RBA noted higher-density building approvals have been trending lower for around a year, and are expected to decline further over coming quarters.
"This implies a much lower level of activity once the current pipeline of work is completed."
"Information from the liaison program also points to a significant fall in pre-sales for new apartments over the past year."
"In addition to the difficulty of obtaining pre-sales, liaison with developers suggests that financial conditions have tightened further over the past six to twelve months."
"As a result, some developers are obtaining financing from alternative sources, though at a higher interest cost."
The bank's statement of monetary policy indicated sales of new detached dwellings have also slowed.
Detached housing investment is forecast to decline in the near term, broadly consistent with the decline in building approvals over the past year.
The RBA also discussed the <a href="https://www.urban.com.au/news/95075-tightening-in-lending-standards-not-the-cause-of-housing-credit-growth-decline-rba" target="_blank">tightening in lending standards</a> over the past year not being the cause of the recent decline in housing credit growth.
The monetary policy statement also looked at how the <a href="https://www.urban.com.au/news/95073-uncertainty-on-house-prices-set-to-impact-on-demand-for-appliances-and-furnishings" target="_blank">uncertainty on house prices</a> is set to impact on demand for appliances and furnishings.
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jchancellor-FAypfDUnLy

Developers are facing difficulties in obtaining OTP-sales: RBA

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The final piece in Urban.com.au's Top 5 Most Viewed series for October, today focuses on Developers. This top 5 doesn't necessarily reflect the developers with the greatest quantity of projects but it does include some heavy hitters of the industry.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/developer_graph.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="280" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/developer_graph.png?itok=U7SwN7fS" width="580"></a>

<figcaption> </figcaption></figure><h2><a href="https://www.urban.com.au/developments?developer=Steller">1. Steller</a></h2>

Topping the list with 22 projects to its name, Steller's pipeline of projects extends across Melbourne's south-east. Its largest project to date will be on <a href="https://www.urban.com.au/new-apartments/200-204-wells-street-south-melbourne">Wells Street</a>, South Melbourne. Designed by Ewert Leaf, the 20-storey building comprises 174 residences within close proximity of the new Anzac Station currently under construction as part of the Metro Rail Tunnel. 

<iframe frameborder="0" height="420px" src="https://www.urban.com.au/developments?developer=Steller&amp;embeddable=map" width="100%"></iframe>

<h2><a href="https://www.urban.com.au/developments?developer=Cbus%20Property">2. Cbus Property</a></h2>

Cbus claims second spot on the list with 9 projects across Australia, consisting of a mix of residential, commercial and hotel projects at various stages of their life cycle. On the horizon for Cbus in Melbourne is 150 Queen Street which replaces the now defunct Tower Melbourne residential project. Cbus consolidated four separate sites to allow for the creation of a development site for commercial purposes.    

<iframe frameborder="0" height="420px" src="https://www.urban.com.au/developments?developer=Cbus%20Property&amp;embeddable=map" width="100%"></iframe>

<h2><a href="https://www.urban.com.au/developments?developer=Blue%20Earth%20Group">3. Blue Earth Group</a></h2>

Blue Earth's pipeline of nine projects range from established suburbs to infill and urban renewal with projects along Footscray's waterfront, Richmond's Doonside Precinct and Fishermans Bend.

<iframe frameborder="0" height="420px" src="https://www.urban.com.au/developments?developer=Blue%20Earth%20Group&amp;embeddable=map" width="100%"></iframe>

<h2><a href="https://www.urban.com.au/developments?developer=S%20P%20Setia">4. S P Setia</a></h2>

Though it only currently has three projects to its name in our database, two of those happen to be some of the largest in the Melbourne CBD and the last of the current cycle of residential high-rises. Demolition at Sapphire by The Gardens is in full swing with Multiplex at the helm with a<a href="https://www.urban.com.au/news/s-p-setia-and-shangri-la-break-ground-on-sapphire-by-the-gardens"> groundbreaking ceremony held last month</a>. Meanwhile its <a href="https://www.urban.com.au/new-apartments/uno-melbourne-111-a%E2%80%99beckett-street-melbourne">UNO development</a> on A'Beckett Street has achieved 75% in sales with construction expected to commence next year.

<iframe frameborder="0" height="420px" src="https://www.urban.com.au/developments?developer=S%20P%20Setia&amp;embeddable=map" width="100%"></iframe>

<h2><a href="https://www.urban.com.au/developments?developer=Peregrine%20Projects">5. Peregrine Projects</a></h2>

Peregrine Projects rounds out the top 5 with its Sarah Sands development in Brunswick garnering a lot of interest and attention on Urban.com.au. Peregrine is also developing a mixed-use boutique project in Collingwood and a commercial project on Burnley Street in Richmond. Peregrine have engaged JCB Architects to master plan a 3,000 sqm site on Langridge Street in Collingwood which it describes as "a benchmark commercial precinct which will include a collaboration with Melbourne’s first Tribe Hotel." 

<iframe frameborder="0" height="420px" src="https://www.urban.com.au/developments?developer=Peregrine%20Projects&amp;embeddable=map" width="100%"></iframe>
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Laurence Dragomir

Urban's Top 5 for October - Most Viewed Developers

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Japan's Asahi Kasei Homes has bought a 40%t stake in detached home builder McDonald Jones Homes, though the deal value was not disclosed.
McDonald Jones Homes is Australia’s sixth biggest detached home builder and the biggest in NSW with a turnover of almost $500 million a year, The Australian Financial Review reported.
The stake purchase by AKH is part of a trend where major Japanese developers are buying into Australia’s housing boom. 
The list includes Sekisui House (Central Park Sydney), Sumitomo Forestry Group (majority owner of home builders Wisdom Group and Henly Group), Obayashi Corporation and construction giant Kajima (majority owner of Melbourne builder and developer Icon). 
Newcastle-based MJH Group includes Queensland builder Mojo Homes, Tasmania's Wilson Homes, Hayman Homes and medium-density builder MJH Multi.
It is one of the country's fastest growing residential builders, according to the HIA Housing 100 Report.
AKH said in a statement that the NSW market "holds the greatest promise in Australia fuelled by a continuously growing population".
MJH Group is expected to generate $620 million in revenue in FY17, up from $486 million in FY16. Profits rose 57% to $10.5 million in FY16.
AKH is a subsidiary of listed Japanese conglomerate Asahi Kasei Corporation. 
It delivers more than 8,000 homes a year and aims to reach net sales of ¥1 trillion ($11.3 billion) by 2025.
MJH Group’s founder Bill McDonald, chairman Peter Durbin and managing director Andrew Helmers will each retain 20% shares in the company while AKH will get seats on the company board.
Helmers said Australia, New Zealand and Canada were at the "top of the list" for investment by successful Japanese building businesses like AKH, given the more limited opportunities at home due to "negative population growth and almost negative economic growth".
"The expansion into the Australian market by AKH enhances our already robust financial position, and provides new opportunities in research and development, home design and construction which will be of great benefit to our customers," Helmers was cited as saying by the AFR.
"The housing market has come off it its peak, but there's an under-supply of homes in Australia and NSW so it will settle at a much higher level (than in the past)."
MJH also hopes to expand into Victoria. It has built up a 15.9% stake in Victorian building group Simonds Group and used it to block a buyout by the family of founder Gary Simonds in November. 
Last year, to celebrate International Childhood Cancer Awareness Month, the Children’s Cancer Institute, PRDnationwide Newcastle &amp; Lake Macquarie, <a href="https://www.urban.com.au/news/59009-build-for-a-cure-home-up-for-auction-at-teralba" target="_blank">McDonald Jones Homes</a> and McCloy Group joined forces to undertake the challenge of building a house in 21 days.
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