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Signed Proof Backs Market Improvement
27 July 2019
Amidst the flurry of market projections and crystal ball predictions, boutique land developer …
Amidst the flurry of market projections and crystal ball predictions, boutique land developer Monument, part of M/Group, is celebrating ‘signed proof’ that a significant upswing in the market is now occurring – and the forecast for land buyers looks even better.
In a period that has been clouded by negative commentary, the company has successfully pre-sold 50% of its first land release at the Atop at Beeliar estate, procuring signed contracts even prior to titles being issued.
Director of land at M/Group, Mr John Wroth, said such a positive result of pre-selling off-the-plan lots has been virtually unheard of over the past three years, where sales were almost always attributed to titled land. He said while there is no doubt the boutique and limited nature of land at Atop has contributed to the sales, a range of external factors continue to have a positive impact on the market.
“Since the Federal Election, there has been a notable increase in enquiries across all our projects. This level of activity has also been reported by other developers, but all market indicators are just hearsay until there is concrete proof of sales,” he said.
“At Monument, June was recorded as an extremely strong month in terms of enquiries and sales and July is shaping up to be even stronger. The significance of having signed unconditional contracts on the table before titles confirms that there is renewed confidence in the market and property buyers are feeling confident to invest.”
Record low interest rates, recent tax cuts, First Home Buyer Grant incentives and relaxed lending rules also provide for a solid platform for investment.
Mr Wroth believes that a stronger and more vigorous property market will greatly impact land buying options, with increased quality and quantity of land available.
“The market slowdown certainly reduced the production of new land, with some developers opting to pull back on construction altogether. We are now able to progress construction of future stages and features that really set the estates apart,” he said.
“As a boutique developer, we predicted the possibility that any surplus of land would ultimately run dry in a slow market. We had the capacity to invest in continued construction at Atop so that when the tide turned, we would have ‘ready to build’ land available and packaged with stunning landscaping and ocean views.
“With the completion of construction on Stage 1, we are well placed to meet what is inevitably going be increased market demand.”
“Atop has been meticulously designed around the site’s existing typography. This includes majestic Tuart Trees retained at its highest point along with nature play areas for ‘discovery play’ and meandering walking trails with nesting hollows set aside for the area’s wildlife. It is also a quick walk to Beeliar Village with supermarkets, specialty services, restaurants and cafes, as well as close to the local primary and high schools,” Mr Wroth continued.
“Being first to market was not our only strategy to attract attention when the market shifts, we also wanted to create a unique statement for buyers. Atop at Beeliar is certainly that place and we are looking forward to ongoing interest as the market continues to return.”
Atop offers stunning ocean views and stretches across 11.8 hectares. It includes 171 homesites with varying lot sizes from 217sq.m to 630sq.m. This includes a mix of ocean and parkland view options with natural land undulation that provides character in lot levels.
The recently completed first stage of development includes 37 titled lots from 217sq.m to 494sq.m priced from $199,000.
To register your interest for any of the above opportunities, visit www.atopbeeliar.com.au or call Damyn Strang 0434 070 654.
Large Lots Create ‘The Wedge’ At Wellard
22 June 2019
Construction works are well underway on an exclusive new land development that offers larger …
Construction works are well underway on an exclusive new land development that offers larger and more affordable lots within the established community of Wellard North.
The Wedge by boutique land developer, Monument, is located on one of the last development sites within the sought-after southern community. It is close to public transport, medical facilities, schools and shopping, and incorporates its own playground as well as being surrounded by a Bullrush Nature Reserve.
The development has drawn inspiration from Monument’s previous boutique land estate in Secret Harbour, where the company designed the land to meet a demand from first home buyers and new families wanting to get a foot in the market but not compromise on location or space.
“Our work at Secret Harbour introduced an affordable and attractive home option in an established suburban environment. This, in turn, created a great lifestyle option to those who either lived or rented in the area or wanted to get into the property market without living on the fringes of the city,” he said.
“Our Secret Harbour property was so successful that we had to significantly fast-track the development process and deliver more sites earlier. Our proposition for The Wedge at Wellard is very similar. We are introducing home sites that offer great value in terms of size as well as provide access to a broad range of community facilities. We anticipate market response to The Wedge will be just as positive as it was on our previous development.”
The Wedge is located on Bertram Road and includes just 117 premium residential home sites with a community park, playground and walk trails into the natural bushland.
All lots are designed as affordable ‘A Class’ with no bushfire rating. Their R40 zoning and increased site coverage allowances to 65% of the site means buyers are unrestricted in their scope of home design; allowing them to build exactly what they want on their site of choice.
“The Wedge has been named not merely for its triangular shape, but also for its capacity to slot into an already buoyant community with something new and distinctive,” Mr Wroth continued.
“As a boutique land developer, Monument approaches every opportunity with a considered perspective of how we can take cues from the environment to create something unique. With The Wedge, we believe we have successfully designed a great environment with all the lifestyle features residents are looking for, as well as an offer of great value and space.”
Stage One at The Wedge includes just 17 lots ranging in size from 375sq.m to 450 sq.m with prices starting from just $174,000. Titles are scheduled for mid-2019.
For more information visit www.thewedgewellard.com.au
Sizing up the Future of Your Land Choice
30 April 2019
In the search for a perfect place to build your first home, land size is of course an important …
In the search for a perfect place to build your first home, land size is of course an important factor. However, in isolation, the size of a homesite will not necessarily determine its value in the short or long-term future. Luckily for first home buyers, there are a range of options in the current marketplace that will deliver both land size and investment prospects.
While location and budget are major contributors when it comes to the land purchase decision-making process, few often appreciate the importance of finding an environment that will not merely fulfil the owner’s lifestyle goals, but also increase the value potential of the property for future sae or rental.
Ironically, your dream location might be the best investment you’ll ever make.
By ensuring the home environment appeals to your own personal desires, with features that help it ‘stand out’ in a competitive marketplace, you’re actually giving yourself more flexibility for when life changes might occur in the longer term.
Monument is a boutique land development company that currently has three land options available – each at various stages of development and all with something particularly unique on offer.
Hamelin Park, Secret Harbour
A home by the beach
What Monument does particularly well is introduce land estates in existing communities. When Hamelin Park was introduced in the established suburb of Secret Harbour, the estate was fast-tracked to meet demand for the land.
Today, Hamelin Park is some 80% sold out and literally surrounded by community infrastructure. As stage three comes on the market, savvy buyers will be able to pick up some ‘ready to build’ titled lots from just $179,000 for 331m2 to $200,000 for 531m2 only 3 minutes to the beach.
A home with a spectacular view
Located in the established suburb of Beeliar, Atop takes cues from the environment to create an elevated and interesting landscape for your home, adorned with natural materials, walking paths and majestic Tuart Trees.
Atop offers stunning ocean views and has recently completed its first stage of development, which is already 30% sold out in just 2 months. Monument is currently offering titled lots from 410sq.m to 494sq.m priced from $259,000.
The Wedge, Wellard North
Exclusive release of land
The Wedge is an exclusive pocket of land located in one of Perth’s most well-located and well-serviced areas. Although it is only in its early stages of development with the release of an initial 17lots, the homesites are larger than the market norm, and are located within private estate full of lifestyle features and adjacent to a nature reserve. Construction works are underway and Stage 1 titles will be available mid-2019.
Monument prides itself on its capacity to deliver a well-considered development design that introduce something unique and special into the marketplace. What that means to first home buyers is an enhanced future resale or rental prospect that also ticks any personal lifestyle goal you might have.
Working in close partnership with Western Australia’s leading first home buyer project builders also means you can get access to home packages tailored to your specific needs.
To register your interest for any of the above opportunities, visit www.landbymonument.com.au or call Damyn Strang 0434 070 654.