Residential Lots

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The third and final stage of Byron Bay’s residential subdivision Seacliff has only three lots remaining after the first two stages sold out.
Developer Unison Projects’ $20 million Seacliffs development at Suffolk Park in the Byron Bay hinterland features 34 elevated lots in the 16 hectare eco-friendly hinterland estate, including some with ocean views.
Some 3 hectares of the 16 has been developed, with the remaining 13 hectares of rainforest untouched or revegetated.
Unison Projects’ Jonathan Levy said the final three lots were elevated with ocean views.
Levy said the quality of houses constructed has been outstanding. 
Seacliffs Byron Bay is a rainforest fringed enclave with 73% of the estate maintained as a nature reserve and a wildlife corridor for native animals. 
McGrath’s Nick Dunn said Seacliffs has appealed to a wide range of buyers including families, downsizers and locals seeking a more elevated location in Byron while staying close to the town centre and major amenities, eight minutes to the heart of Byron Bay.
The remaining blocks are cleared and priced from $575,000.
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Final building lots at Byron Bay’s Seacliffs released

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The great Australian dream of a home on a quarter-acre block has taken a hit in Sydney due to the affordability crisis and need for low maintenance living. 
Small-lot housing, identified as the “missing middle” amid the affordability crisis, is gaining popularity with buyers leaning towards a minimalist trend.
Developer Creation Homes (the home building arm of Metro Property Development), says it is witnessing a rapid uptake of its smaller size lots in Southwest Sydney projects. 
Fifty small lots of the 250 between Creation Homes’s Catherine Field and Spring Farm projects have been snapped up in the past four months, it said.
Two-bedroom homes starting at $480,000 and spanning 120 sqm are the most popular along with the three-bedroom designs priced from $565,000 for 225 sqm. 
“We are seeing a lot of people opting for smaller blocks which suggests a trend towards minimalist living in the house and land sector,” said David Mann of Metro Property and Creation Homes. 
“Obviously the smaller price tags are a big draw card but people also have the opportunity to declutter and make better use of their space with the added bonuses of spending less time maintaining the property, cleaning and mowing huge lawns are rarely used.” 
Some small lots are available at its recently released Orchard Heights estate in Spring Farm, with land sizes starting from 300 square metres. 
The first release of the smaller models at the site includes six lots under 350 square metres and prices range from $627,100 to $677,900. 
“Since it proved to be so successful we’ll definitely continue to roll-out the smaller lot model, initially focusing on our projects in North-West and South-West Sydney and eventually to other areas across Sydney as well,” said Phil Leahy. 
According to Creation Homes, another emerging trend for buyers is to forgo the traditional full model home inspection before purchasing, an approach similar to off-the-plan apartment sales. 
“We’re noticing that people are now more than happy to commit to buying after seeing finishes boards and part-models of kitchens and bathrooms like you’d most commonly see with off-the-plan apartment sales,” said Phil Leahy. 
The Melbourne developer started building homes in 2010 and has delivered more than 1,000 dwellings in the last 12 months. It was recognised in 2013 with a BRW Australia’s 7th Fastest Growing Business award. 
Metro Property Development is a wholesale homebuilder and has delivered more than 5,000 homes and apartments across Australia and has a future development pipeline valued at more than $3.1 billion. 
The NSW business is opening a display office at the new location of Brookhollow Avenue in Baulkham Hills later this month. 
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Small lots growing in popularity with Sydney buyers: Creation Homes

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Iris Capital’s new residential project in the Hunter Valley is all set for a July public launch.  
The $60+ million project, Wyndham Ridge Estate, is nestled amongst green fields and towering gums in the picturesque Hunter Valley. 
The master plan consists of subdivided lots which range from 600 sqm–2000 sqm and are priced from $190,000-$280,000.
Buyers can choose a new home from one of Iris Capital’s builders or create their own, according to a media release.
Construction on stage 1 has already begun with completion expected in February 2018. 
<img src="https://www.urban.com.au/images/2017/06/21/Wyndham2.png" alt="">
With around 7,000 people moving to the Hunter every year – the region is one of Australia’s largest regional economies based on resources, tourism and services. The Hunter Region is the sixth most visited place in Australia with a $2+ billion tourism industry, according to Iris.
The estate is also on the doorstep of Hunter Valley Wine Country. There are more than 75 cellar doors within 15 km of the development.
Newcastle is close and Sydney’s CBD is a 1.5-hour drive, according to Iris, making it a perfect getaway or an opportunity to live. 
Other nearby major upgrades include Newcastle’s new university campus and the Newcastle International Airport. 
The newly created Huntlee also offers a Coles supermarket, specialty shops and education facilities just a 5-minute drive from home. 
For more information, <a href="https://iriscapital.com.au/developments/" target="_blank">click here</a>.
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Iris Capital to launch land lots in Wyndham Ridge, Hunter Valley estate

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The latest UDIA-sponsored State of the Land Report has revealed that the national supply of lots rose to a new high of 57,000 in 2016 and sales hit a record 53,000.
But supply barely matched buyer demand in Sydney and Melbourne, sending median lot prices 10 per cent annually to $287,000.
Median lot sizes fell more than 10 per cent in Sydney to 396 square metres and by 5 per cent in Melbourne as shrinking lot sizes reflect rising land prices and increased taxes and charges placed on developers.
According to the report, almost 40,000 lots are needed on the eastern seaboard to bridge the gap between the land supplied over the past five years and housing needed to match population growth and planning targets.
"Sydney, Melbourne and Brisbane need to increase supply, in accessible locations, and governments need to reduce the imposts and taxes being applied to new housing, to allow the new supply to be viably delivered at an affordable price," said UDIA president Michael Corcoran.
Perth lot prices fell sharply last year with Adelaide and Darwin's land markets also subdued, according to the report based on the National Land Survey Program conducted by Charter Keck Cramer and Research4.
In Sydney, the median lot price fell slightly to $465,000 despite supply rising 30 per cent to almost 11,000 lots in 2016.
However, prices rose sharply on a per sq m basis. A 508sq m Sydney lot – the median size in 2012 – would have cost $585,000 in 2016 compared with $295,000 four years ago.
Charter Keck Cramer director Robert Papaleo told The Australian Financial Review high land prices in Sydney were a factor in developers releasing half as many lots than in Melbourne.
"Availability of supply is going to be reflective of the capacity of purchasers to access that supply at the available price point," Mr Papaleo said.
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