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Exciting First Steps for Young Families
19 June 2021
While nothing might be as exciting as a baby’s first steps, when a child’s early milestones …
While nothing might be as exciting as a baby’s first steps, when a child’s early milestones coincide with the security of your own home in a supported family-friendly community, there really is cause for celebration.
The Wedge Wellard is becoming a haven for young families and first home buyers who have successfully escaped rising rent rates to secure their own home.
The growing community is located on the doorstep of natural bushland and next door to a private primary and high school. Its parks and playgrounds have already created a welcoming hub for playdates and get-togethers, and a childcare centre is scheduled for completion at the end of this year.
Director of Monument parent company M/Group, Mr John Wroth, said the estate has everything a young family could need and is providing affordable home options at a time when rental prices and availability are putting huge pressures on our community.
“Perth is undoubtedly in a housing crisis and first-home-buyers are amongst the most disadvantaged. Many developers have continued to focus on moving larger lots in the peaking market and too many renters are facing price increases or eviction.” he said.
“Despite the soaring market conditions, we are not only holding our prices, but creating product that will help create house and land packages for under $300,000 – getting families out of the rental cycle and into a growing community.”
The Wedge Wellard estate is half-way complete with Stage 1 sold out and around 70% of land in subsequent releases snapped up.
Stage 4 is the estate’s newest release and has been specifically designed for families and first home buyers to get a foothold in the market.
“Our new release gives owners the added advantage of being located within walking distance to everything. It screams value at a time when affordable housing is extremely thin and interest rates historically low,” Mr Wroth continued.
“We are one of the only developers providing low-cost packages so close to Perth, so it presents an amazing opportunity for first home buyers to get in on the property ladder, which could mean enormous relief to young families.”
Stage 4 incorporates a range of strategically designed ‘skinny’ lots priced from $130,000. The land will accommodate a 3-bedroom x 2-bathroom home, with house and land packages earmarked to be priced as low as $295,000.
“We are so thrilled to see so many families now settled into The Wedge at Wellard and enjoying this very special place. We know that anyone who visits the estate will fall in love with the prospect of joining them,” Mr Wroth continued.
“We very much look forward to welcoming our new group of residents.”
Lot sizes range from 188m2 to 537m2 and titles are expected by August 2021.
For more information visit www.thewedgewellard.com.au or call Damyn Strang on 0434 070 654.
Playground Completed | The Wedge, Wellard North
23 February 2021
The Wedge at Wellard North is coming to life! We have construction of new stages, homes being …
The Wedge at Wellard North is coming to life!
We have construction of new stages, homes being built, people moving in and have just completed the landscaped park and playground all with the stunning and protected bushland backdrop as you can see in this video.
Land Report – COVID-19
24 October 2020
Shifts in the land development sector will always be market-led, and if our experience with …
Shifts in the land development sector will always be market-led, and if our experience with COVID-19 means improving the amenity in our suburban areas due to buyer demand, it will represent a very rare and positive outcome for the pandemic experience in WA.
Monument land estates have had a massive 5-fold increase in sales as a result of the Government’s response to COVID-19. We are seeing many in the industry fast-track the creation of new lots to keep up with demand – sometimes to an enormous capacity.
An important message for buyers is to make sure that these new lots carry the same integrity as those previously on offer, and that the release of new land will not negatively impact the purchase.
There are a range of long-term benefits to buying land in boutique developments, and the influx of new land due to COVID-19 may highlight the importance of this much sooner than expected.
Obviously COVID-19 has affected practically every aspect of life, how do you think this impact will be reflected in new land developments over the next few years? Do you see more emphasis being placed on open spaces and connection to nature?
As a boutique land developer, location, an abundance of open space and integrating the land’s natural features and typography into the estate design has always been an integral part of our development program. However, COVID-19 has most certainly shone a spotlight on just how incredibly important this is.
The impact of what has occurred around the world as a result of COVID-19 has made people reassess their lifestyle choices. They are looking at their own community and its access to nature, exercise options and reflective spaces through a different lens.
As a result, I believe land developers will lean even more towards providing improved facilities and outlooks, and buyers will always consider what the estate might look like should we go back into lockdown.
Are there any ways COVID-19 has already affected land developments?
It is too early to see any impact that COVID-19 might have on the design aspect of a land development, although the heightened sales activity off the back of generous Government stimulus grants and incentives has offered some insights into what buyers will be looking for into the future.
The most successful land estates during this period have been those with larger family sized lots and direct access to nature.
The heightened importance of our Hamelin Park beachside location at Secret Harbour, the proximity to the nature reserve at The Wedge in Wellard North, and the stunning hill-top coastal outlook whilst surrounded by majestic Tuart trees at Atop in Beeliar have been extraordinarily evident.
Do you feel buyers will be looking for certain boxes to tick in light of COVID?
The onset of lockdown effectively stress-tested our homelives and communities. It would be impossible, if not improbable, for buyers to avoid carrying these experiences into a new house and land purchase.
New home design is likely to be most impacted, with more space and breakout rooms, such as a study or second living area, on the ‘must have’ tick list. In turn, this will influence lot sizes as homesites will need to increase to accommodate the new requirements.
Other factors that I believe will now weigh heavily on a buying decision include easy access to public open space and amenities, a friendly, supportive and established community, and the ability to access the natural environment for some reflective and recreational time.
Where do you see the future of land development and are there any certain ‘trends’ that might appear?
Prior to COVID-19, there was definitely a trend that saw people move closer to the city and established areas. I believe this will continue as a result of lockdown, as people realised the issues relating to isolation and the importance of being near infrastructure and family.
The demand to be part of an infill land estate will continue to increase and land developers will take larger leaps towards providing an entire lifestyle package. Homesites will no longer be about the sheer size of the lot, there will now be much broader considerations at hand.
However, on the other end of the spectrum larger more rural lifestyle options will also become sought-after by some.
Comments by John Wroth, Director of Monument parent company M/Group.