Colliers International

Welcome to the Monarch Residences! Join us as we dive into the captivating world of Brisbane's top-selling project, where luxury living and visionary design meet.

In this interview we're joined by James MacGinley, Head of Residential at Consolidated Properties. Together, we'll uncover the secrets behind the incredible success of Monarch Residences and give you an exclusive peek into what makes this project truly remarkable.&nbsp;

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From the moment you step into the display suite, you'll understand why Monarch Residences is making waves in the real estate scene. MacGinley and his team have crafted an immersive experience that goes beyond the ordinary. While many projects rely solely on renders, Monarch Residences offers something different - a tangible connection. The decision to create a physical display was fueled by the desire to cater to a diverse range of potential buyers, allowing them to touch, feel, and truly envision their future home.

Wondering about the demographics? MacGinley shares that around 85 per cent of buyers are owner-occupiers, exceeding expectations. The project was meticulously designed with these individuals in mind, reflecting their needs and aspirations. The emotional attachment to the finishes and styles chosen is evident, making Monarch Residences more than just a place to live - it's a place to thrive.

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Location, reputation, and trust are the cornerstones of success in today's real estate landscape. Monarch Residences is backed by Blue Chip Developers, a collaboration between Don O'Rorke of Consolidated Properties Group and Scott Hutchinson of Hutchinson Builders. MacGinley sheds light on the unique personal relationship between these industry giants, a partnership that brings this project to life. The physical progress on-site is a testament to their commitment and instills confidence in buyers during these uncertain times.

Curious about Consolidated Properties' track record? With over 40 years of experience, they've delivered more than $3 billion worth of developments across 200 projects. This diverse portfolio, spanning residential, office, and retail spaces, showcases their expertise and commitment to quality.

Looking ahead, Monarch Residences is on track for completion in October 2025, with Hutchinson Builders even ahead of schedule - a rarity in the industry. The estimated move-in timeframe around Christmas 2025 is a reason to anticipate celebrations.

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Personally, MacGinley finds the design element to be one of the most rewarding aspects. The penthouse levels, designed by John Wardle Architects and Cottee Parker Architects, are an epitome of luxury, offering breathtaking 360-degree views. These meticulously crafted spaces promise a lifestyle that transcends expectations.

The timeless river views guarantee an uninterrupted skyline, a valuable asset for future growth. Just like the New Farm and Tenerife apartments that appreciated phenomenally over the years, Monarch Residences presents a unique investment opportunity with its front-row seat to the river and city.

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In this interview we're joined by James MacGinley, Head of Residential at Consolidated Properties to talk about the Toowong apartment development, Monarch Residences

Urban Editorial

Why owner-occupiers have embraced Consolidated Properties Group's Monarch Residences in Toowong

Welcome to Park Quarter! Join us as we explore the exciting world of modern urban living in Melbourne's vibrant landscape. In this captivating interview, we're joined by Zoe Powell, the National Director at Collier's Residential, to dive into the heart of the Sunnyland development on St Kilda Road.

Amid the fascinating discussion, Zoe Powell paints a vivid picture of the property landscape. The trend of urbanization is making a dynamic comeback, and Sunnyland caters perfectly to this resurgence. The larger apartments stand out as the top preference among discerning buyers. The convenience-driven lifestyle has taken centre stage, with amenities like concierge services becoming a necessary inclusion in apartment living.

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Curious about the buyer mix? You'll find a harmonious blend of owner-occupiers and savvy investors, each drawn to the unique advantages offered by this development. The allure of one-bedroom units is especially strong, as they present an affordable alternative to the increasingly competitive rental market.

What sets Park Quarter apart is not just its contemporary design, but also its long-standing tenure. Sunnyland's decade-long ownership of the site has paved the way for more stable pricing, shielded from the fluctuations of the market. As a result, buyers can enjoy exceptional value while witnessing stunning views over Albert Park and the iconic St Kilda Road.

The discussion delves into the intricate dynamics of preserving views in a bustling urban environment. With Albert Park on one side and St Kilda Road on the other, the project strategically balances these elements to provide residents with breathtaking panoramas. The project's thoughtful design and surroundings mitigate the impact, ensuring a lasting and cherished vista.

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A project's success hinges on the collaboration of talented minds, and Sunnyland boasts an impeccable team. Led by the experienced Sunnyland team, in partnership with Cox Architecture, Carr Interiors, and DKO, this project is set to redefine contemporary parkside living in Melbourne.

Dive into the unique world of Marriott Executive serviced apartments nestled within the development. This innovative concept allows residents to access hotel-like amenities with the option to tailor their experience by opting in or out. The result? A premium, hassle-free lifestyle that perfectly aligns with individual preferences.

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Considering investing in Melbourne's real estate? Powell offers valuable insights to potential buyers. Emphasizing the advantages of buying off the plan, she highlights the opportunity to personalize your living space without the need for extensive renovations. Park Quarter beckons as a haven for those seeking to elevate their lifestyle through thoughtfully designed residences.

Whether you're a discerning buyer, an investor, or someone seeking to upgrade their lifestyle, this development promises an exquisite blend of convenience, luxury, and sophistication.

Don't miss the chance to be a part of Melbourne's evolving urban narrative.

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The trend of urbanization is making a dynamic comeback, and Sunnyland caters perfectly to this resurgence

One of Melbourne's first project launches in three years: Unpacking Sunnyland's Park Quarter with Colliers Director Zoe Powell

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First home buyers in Sydney can look to ‘rent-vest’ as a way to enter the market, while buying conditions are better than ever, says Colliers International. 
‘Rent-vesting’ refers to the concept of buying a property as an investment in an area which is affordable and experiencing significant boom conditions, while choosing to rent in a preferred, more expensive area. 
According to Colliers International, while many Sydney first home buyers choose to buy in expensive, popular areas such as the Eastern suburbs and Lower North Shore, inner west areas such as St George, Canterbury, Bankstown and Gladesville, have seen a significant price drop and are experiencing booming conditions. 
“The St George Canterbury and Bankstown areas currently offer some of the highest rental returns in Sydney and at the moment there is a lot of choice in these areas,” said Peter Kerras, Director, Residential at Colliers International.  
“First home buyers seeking capital growth should be looking in these areas to bag a bargain not compete with other buyers to pay a premium with the prospect of modest growth.
“With rent returns now higher than interest rates in some areas, it has never been a better time to buy an investment property and the strategy of ‘rent-vesting’ – buying in a more affordable area with great returns and stay renting where you know - can be a great way for young people to enter the market.”
Currently, the price difference between a new property and an older property has never been less.
“Traditionally you would be paying 20% more for a new property as opposed to second hand property, however the unsure lending environment has brought down the price of new property in certain areas, which is great news for investors,” Kerras said.
“There is a lot of misconception and fear around buying off the plan; however, many of these are unfounded. New properties have much better noise insulation, sound proofing, fire safety, plumbing and wiring and the latest modcons.”
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Rent-vesting could be key to the market for first home buyers: Colliers International 

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Australia remains a favoured hotel investment market due to its economic performance, stability, transparency and governance, Gus Moors, Colliers International’s Head of Hotels, says.
“With more than $1 billion worth of hotel assets currently being marketed or in play, we expect transaction activity to increase in FYE2019.”
Colliers International’s Capital Markets Hotel Investment Review found Australian hotel transaction activity slowed in FYE2018, with volumes easing to $1.34billion after a record three years.
Deal flow increased, however, with 35 transactions above $10 million concluding throughout the year. This compares to 30 transactions in FYE2017. In New South Wales, $350 million worth of hotel assets changed hands, followed by Queensland ($347 million) and Victoria ($343 million).
Australian investors accounted for 63.7% of asset trades in FYE2018, considerably higher than the 16.5% recorded in FYE2017.
Investors from Mainland China fell behind the rest of Asia as one of the more dominant sources of inbound capital, accounting for only 1% of transactions over the year, as capital restrictions continued to bite.
“This trend is likely to continue, with South East Asian investors dominating the offshore investment landscape driven by renewed interest in diversification, both in terms of location and product,” Mr Moors said. “
Colliers International found that for the first time for more than a decade, the number of rooms opening throughout the year surpassed the number traded with investors focused on the development of new rooms.
In FYE2018, almost 6,500 new rooms came on line in the ten major markets with an estimated value of more than $2 billion.
Colliers International estimates there is a weighted accommodation pipeline of around 27,000 rooms across Australia, with almost half of these new rooms currently under construction and 7,000 rooms proposed.
These are thought likely to commence construction in the next six months or are government mandated projects.
“All markets, except for Darwin and the Gold Coast, are seeing an accelerated pipeline with openings expected to peak in 2019 and 2020,” Ms Wales said.
“Development activity is greatest in Hobart, Melbourne, Adelaide and Perth with increases set to expand the existing supply base by more than one third.”
Mr Moors said tourism was becoming increasingly important as Australia transitions to a more diversified service-based economy, and had the potential to be Australia’s fastest growing industry.
“Globally, travel continues to take a larger share of consumer spending and visitor expenditure in Australia is projected to continue to grow at a strong rate,” he said.
“The influence of demographics presents new opportunities for the hotel sector, as developers and brands seek to remain ahead of the curve in catering to both established and emerging generations of corporate employees and leisure travelers.
He concluded by noting, "strong growth in inbound tourism, particularly from China, increased leisure travel by wealthy retiring baby boomers and catering to Millennials as the largest segment of the workforce are all factors which investors should consider over the coming year.”
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Investment in Australian hotels on the rise in 2018: Colliers International

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Dane Crawford, a former Colliers International real estate agent, has lodged a claim in the Federal Court seeking more than $743,000 in allegedly unpaid commissions.
Crawford resigned last year from their Newcastle office having headed the sales of its residential apartments division.
His statement of claim says he handed in his resignation based on representations that Colliers International made about his outstanding commissions.
He alleges the discussion before resigning concluded with an entitlement to half of the 50 per cent of gross commission on contracts that had been exchanged but not yet settled.
He said he went ahead with the resignation on this understanding, Nine Enertainment has reported.
The claim was lodged last month in the Fair Work division.
According to the claim, following Mr Crawford's resignation, Colliers advised him he was owed $297,500 in commissions.
Crawford claims this was an alleged breach of his contract which entitled him to a base salary and 50 per cent commission on revenue earned above $180,000 and 10 per cent on revenue below that amount.
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His lawyer Mia Pantechis from Maurice Blackburn said Crawford was "a top performer who generated substantial revenue for Colliers."
"Crawford remains very disappointed in the way he was treated by Colliers,” she said.
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<div>Crawford was now seeking to be paid his commission entitlements as well as damages and penalties.</div>
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"As the matter is the subject of legal proceedings, the company will not be making any comments," a Colliers spokesman said.
It is being represented by Lander &amp; Rogers Lawyers.
Crawford was at Colliers after joining the agency in April 2015 having been at McGrath previously.
It was just as the residential apartment boom took off in Newcastle.
By mid-2018 10 cranes dotted the skyline around Newcastle, the highest number of cranes ever observed.
The then Colliers director of residential property marketing said the city was in “history-making mode.”
Along the way the agency secured press reports including one on the reported penthouse sale in the East End development for $6 million, smashing Newcastle’s previous apartment price record by more than $1.5 million.
He now is at Commercial Collective where he works with leading super funds, private developers and managed property funds with a speciality in high-density residential development marketing and advisory roles on CBD and city fringe projects. 
"Dane has lent his considerable expertise to more than $2.5 billion of projects including multi-stage developments, large masterplanned developments, mixed use projects and boutique projects," his website advises.
"Dane previously held the position of Director of Residential Project Marketing at a global real estate agency, with almost 1,000 transactions completed over his last three years."
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Colliers Newcastle faces $743,000 commission claim in Federal Court from Dane Crawford

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The largest CBD freehold, mixed-used development site with holding income, is set to hit the market in the coming weeks.
Colliers International in conjunction with CBRE are selling this significant holding known as the South Yards precinct, on behalf of Honeycombes Property Group who are one of Queensland’s largest private developers. The 17.2ha site is on the edge of the Townsville CBD and will become an extension of the city once fully developed.
Adjacent to the new $300 million, 25,000 seat Queensland Country Bank Stadium, the purchaser will have the opportunity to masterplan the site and develop a mixed-use precinct, capitalising on the growth underway in North Queensland.
The South Yards precinct has a holding income of more than $870,000 per annum; a rarity for large-scale development sites.
“The South Yards site is intended to be the natural expansion of the Townsville CBD and represents a huge opportunity for a forward-thinking investor, developer or land banker,” said Samuel Biggins, Director, Investment Services at Colliers International. 
“Notable comparisons can be drawn to renowned urban renewal projects such as Brisbane’s James Street and Southbank precincts; Lend Lease’s Barangaroo project and Docklands in Melbourne.” 
Neville Smith, Associate Director, Townsville at Colliers International said “Townsville is the economic, administrative, educational and defensive hub of Northern Australia, with over $12 billion in infrastructure projects currently underway.  
“The city enjoys a diversified economy supported by several sectors including the Australian Defence Force; prominent higher education institutions such as James Cook University and State and Federal government bodies including the Australian Tax Office and Queensland Government Regional Headquarters.  
This major land holding is of the same size as Townville’s existing core CBD with an anticipated development standard already set with the grandeur of the new Stadium precinct opposite
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Townsville’s most strategic land holding is on the market 

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Colliers International has released its Asia Pacific Market Snapshot Q2 2020 report, highlighting that activity and investor interest in Asia Pacific property markets remained robust in the second quarter.
Large-scale commercial and industrial transactions in multiple markets helped offset weakness in some other sectors, according to the multi-sector report, which examines the previous quarter’s property market performance in 19 Asia Pacific markets and provides forecasts for the current and upcoming quarters.
“We have observed emerging and encouraging signs of recovery in the region, which has been reflected in investor appetite and investment activity remaining fairly firm in the past quarter. These are highly encouraging upward trends that transactions are picking up against a backdrop of economic volatility and uncertainty,” Terence Tang, Managing Director of Capital Markets &amp; Investment Services Asia at Colliers International, said. 
The industrials sector, both logistics and technology centres, will continue to appeal to investors given the strong uptake of e-commerce and accelerated digital transformation across the region, while interest in quality office assets in major cities remain high. We are anticipating investment activity to gain pace in the coming months as investors move to take advantage of the opportunities that will emerge as economies further stabilise and markets bounce back.” 
“We are expecting an increase in investment activity in the second half of the year,” John Marasco, Managing Director of Capital Markets &amp; Investment Services Australia &amp; New Zealand, said. “Demand for office assets in Australia’s key cities should remain high as companies activate ‘return to office’ policies, while investors are also looking to buy into New Zealand.”
Singapore logistics, office properties shine 
Confidence and stability are expected to return to the market in the coming quarters, helped by government support measures and improving stock market conditions.   Big-ticket transactions returned to Singapore’s commercial and industrial property sectors despite the implementation of tough ‘circuit breaker’ measures that dented overall transaction volumes for the quarter. 
Australia still an investor favourite 
The second quarter saw the completion of several significant transactions in Australia’s major cities, including an AU$145 million (US$100.6 million) office deal in Melbourne that demonstrated sustained investor appetite for commercial property. Deal flows are expected to increase in Sydney, Melbourne and Brisbane in the second half of the year as conditions normalise, given Australia’s enduring appeal as a regional and global investment destination. 
Hong Kong residential property market expected to gain traction
Demand for residential property is likely to remain strong given continued limited supply, helping to balance a less positive outlook in the retail and hospitality sectors due to limited visitor numbers. However, while sentiment remains cautious, there were signs in the second quarter of mainland Chinese investors returning to Hong Kong’s property market as China emerged from lockdown. 
China policymakers move to support market
The second quarter saw a raft of policy measures from local and national governments in China that are likely to bolster the country’s property markets in the months ahead. These included the resumption of infrastructure real estate investment trust (REIT) pilot projects, and new high-profile industrial and business developments in major hubs like Shanghai and Guangzhou. 
Japan office markets hold firm 
Office properties in Tokyo and Osaka remained in relatively high demand in the second quarter, even amid lower participation by overseas investors. Logistics has a broadly positive outlook given a scarcity of quality stock near major urban centres and the rapid growth of e-commerce. The retail and hospitality sectors also continued to attract investor interest despite the lack of international tourism. 
Domestic investors active in Korea 
Strong interest from domestic institutional investors, particularly in Seoul’s Gangnam business district, helped push total office transactions in Korea for the quarter to KRW2.5 trillion (US$2.1 billion). The positive trend is expected to continue in the months ahead with several major office transactions in the pipeline and a generally supportive policy backdrop. 
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Asia Pacific property markets demonstrate resilience in Q2

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A large land holding in Dural with pricing expectations of over $30 million is being sold through Colliers International. 
Wirrabara Village, the 6.3 hectare parcel of land at 3-5 Pellitt Street and 9 Wiarrabara, Dural recently received DA approval for a seniors living development, which will encompass 97 houses, villas and apartments and a 36-room residential aged care facility. 
Situated within The Hills district, the site is located in an exclusive pocket of Dural adjoining the Hills Grammar school and within 400 metres to Dural Round Corner Shops. 
Wirrabarra Village is  a thirty minute drive from Sydney’s CBD in an area which continues to flourish with huge amounts of government infrastructure invested recently, including the $8.3 Billion Sydney Metro North West Line and the $3 billion Northconnex tunnel connecting the M2 motorway with the M1 motorway which services the continued growth of north west Sydney. 
“Dural’s average age is currently 43 years with projections for population growth in the 65-84 age group to increase by 95 per cent by 2036 which further highlights the requirements for quality seniors living and aged care housing in the local district,” said Henry Burke, National Director, Development Sites at Colliers International. 
“It’s incredibly rare to find a large parcel of land with DA approval close to shops but away from main roads and thoroughfares in such a serene setting. We expect interest from a range of potential buyers including residential developers, aged care and seniors living operators and developers,” said Eugene White, Director, Development Sites at Colliers International
“The DA approval provides the purchaser with multiple staging opportunities and the mix of houses, villas, apartments and aged care rooms will appeal to a wide buying audience for the end product,” said Guillaume Volz, National Director, Development Sites at Colliers International.
Colliers International agents Henry Burke, Eugene White and Guillaume Volz are handling the sale with Expressions of Interest closing Thursday September 3, 2020. 
 
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Dural land holding with DA approval hits the market

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Agent: Andrew Fife <img src="/images/2014/05/05/fife-may-5-breakout.jpg" alt="" style="float: right;">
Position: Industrial sales and leasing executive
Company: Colliers International
Office location: Perth
How long have you been in the industry?
Six years.
What’s happening in the area you specialise in?
We are seeing a correction in the market as a result of more stock, both for sale and for lease, becoming available.  Leasing is steady and deals are still being done with some incentives creeping into offers, but this is coming off an incentive base of nil. The sales sector is still being dominated by the owner-occupier market, as most properties are being offered for sale with vacant possession. Enquiry is very solid for investment-grade stock.
Describe the most interesting property you have sold?
Probably an irregular-shaped parcel of land which was directly under the flight path of approximately one commercial plane every 15 minutes. The planes flew directly overhead and so close to the property we had to wear ear plugs during inspections.
What are the ingredients to being successful in your job?
Doing the basics right all the time – managing relationships with existing clients, but always looking to develop new relationships to instigate new business. Delivering on what you say, understanding the market and your client’s needs. 
What aspects of your role do you enjoy the most?
Doing deals, but also delivering a result where you can see the client is pleased with what you have been able to achieve.
Where would you invest a spare $750,000?
I’d give it to PrimeWest – a property syndicator.
Which football team do you support?
West Coast.
What’s your favourite app or techno gadget? 
Footy Live
How do you use social media?
<a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/andrew-fife/64/812/856" target="_blank">LinkedIn</a> to see what shenanigans Shane Warne is up to.
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