While Australian property development experienced a turbulent year, we saw some incredible opportunities on DevelopmentReady.Â
As we look back on the year that was, we wanted to highlight, in no particular order, some of the most popular development sites on DevelopmentReady throughout the year. Although many of these sites have already been sold, there might be one or two that are still available if you act swiftly!
10. Waterview Ridge Estate, 4 Vantage Point Drive, Mount Martha, VIC 3934
Positioned high on Mount Martha Hill with far-reaching vistas of the hinterland and serene beaches and bay of Port Phillip, this extremely rare vacant offering of 21 titles allows owner occupiers to secure their dream house position or for developers to build out the existing titles and complete this truly world-class residential precinct.
Brought to us by Gross Waddell ICR's Danny Clarke and Raff De Luise, this DA-approved luxury townhouse development site in Melbourne’s most sought-after Bayside suburb of Brighton was one of our most popular in Victoria for 2023.
9. The Showground Collection, 24-34 Fishburn Crescent & 2-12 Sexton Avenue, Castle Hill, NSW 2154
'The Showgrounds Collection' had a boon of developer interest across our portal.Â
Marketed by Knight Frank's Dominic Ong, Mark Litwin and Grant Buplett, the 12,374 sqm* freehold site is an amalgamation of thirteen allotments, benefitting from Development Approval for the construction of seven residential flat buildings between eight and nine storeys in height containing 295 dwellings, above two-level basement car parking. Interestingly, the successful purchaser was none other than the Managing Director of Meriton, Harry Triguboff.
8. Superlot 12, Cnr Light Tce, Cawthorne & Smith Streets, Thebarton, SA 5031
Located just a few kilometres west of the Adelaide CBD, Superlot 12 is a prime near-city development site that came ready to develop with additional holding income.
Brought to market by Leedwell Property's Jamie Guerra and Andrew Gerlach in conjunction with Knight Frank's Oliver Totani and Max Fochlich, the site offers three street frontages to Light Terrace, Cawthorne Street and Smith Street. This cracking SA development site is an extremely well-located opportunity with easy access to Port Road and South Road corridors as well as being nearby to the CBD, the new RAH, and the medical and educational precinct along North Terrace.
Arguably the most significant residential development opportunity in 2023, 117 Victoria Street, brought to us by Savills’ Robert Rune and Josh Baker, is the epitome of urban sophistication combined with the tranquillity of riverfront living.
This extraordinary riverfront opportunity was a project poised to redefine Brisbane's inner city living and create a vibrant, modern and connected community for years to come. Delivering an existing approval for a visionary, four-tower, 473-apartment development, offering an exceptional proposition in one of Brisbane’s most coveted neighbourhoods.
6. 24 Hungerford Avenue & 4 Otley Close, Halls Head, WA 6210
Two lots located within the Halls Heads commercial centre right in the middle of one of the biggest growth areas of Western Australia. With this in mind, it comes as no surprise that this site, brought to market by RWC's Brett Wilkins and Stephen Harrison, was one of our most popular from Western Australia in 2023.
Both properties adjoin mixed-use commercial properties and benefit from multiple medium-density residential opportunities as well as aged care, child care, Independent living and other uses.
Our first SA listing that proved popular over 2023 is an Adelaide CBD development site with Capital City Zoning.Â
Also managed by Knight Frank's Oliver Totani and Jack Dyson, this 2,093 sqm site provided a development height of up to 53 metres, while at the interest of many developers, having zero stamp duty payable. Due to its size, location and zoning, the site suited a range of uses, which proved to be of great interest to developers in South Australia.
4. Clayfield Villaggio 828-830 Sandgate Road, Clayfield, QLD 4011
Brought to market by RWC Retail's Lachlan O'Keeffe and Michael Feltoe, this high-profile DA Approved development site in the prestigious inner-Brisbane suburb of Clayfield proved to be rather popular with our Queensland developers.
Sitting on an irreplaceable 3,608 sqm* corner site that provides both significant holding income and immediate development upside, holding a new DA Approval for a modern retail centre providing 960 sqm* of additional GFA and a new underground carpark with dual road access, this site provided a once-in-a-generation development opportunity.
This rare de-risked beachside DA-approved boutique duplex site beachside development site brought to us by Carlton Real Estate's Simon Pikkat in conjunction with Colliers' Tom Appleby came approved for 6x Torrens Title luxury residences. Â
Proving to be an exceptional opportunity for our New South Wales developers, the proposed duplexes are architecturally designed and generously proportioned, spanning across four stories with an internal lift, secure double garage, 3-bedrooms, multiple living spaces, wine cellar, and a scenic rooftop terrace.
This DA-approved luxury townhouse development site in Melbourne’s most sought-after Bayside suburb of Brighton was one of our most popular in Victoria for 2023.Â
Marketed by Savills' Julian Heatherich, Tanya Su and James Latos, this site sits on a premium 777 sqm landholding and is a mere 300 metres from the renowned Brighton Beach. With DA approval for 4 luxury 3x3-bed and 1x2-bed townhouses, it comes as no surprise that this development site was quickly snapped up by a lucky purchaser!
1. Muchea, WA 6501
This mammoth 120-hectare site, known as Trinity Farm, was brought to us by Bellcourt's Nick Wallace is
Located on the edge of the Darling Scarp, with panoramic views over the coastal plain. A spacious family homestead, a reputation for producing the finest stud cattle and being Included in the Muchea Industrial Park Structure Plan provides the perfect opportunity.Â
On top of limitless development potential with a site of this scale, it also came with holding income, with its current lease expiring in March 2025.
That's it! 2023 saw some incredible development sites across all asset classes. If you want to keep up-to-date with the latest investment opportunities across Australia, be sure to subscribe to DevelopmentReady.
