M Group
M/Group to Develop and Hold Third Quest Apartment Hotel
M/Group is strengthening its presence in Western Australia’s North West with the announcement of a new investment located in the Pilbara region. This project marks our third collaboration with the Quest Apartment Hotels brand, a fully owned subsidiary of The Ascott Limited, further cementing a successful long-term partnership.
Under our ‘Develop and Hold’ strategy, M/Group will oversee the delivery of this premium accommodation hub, designed to cater to the sustained demand from the corporate and industrial sectors in the Pilbara. By retaining the asset within our portfolio, M/Group continues to focus on securing high-yield, long-term investments in key economic growth zones.
The Quest South Hedland development underscores our confidence in the region and our commitment to delivering institutional-grade assets that support the state’s essential industries.
For more information, visit the Quest South Hedland project website here.
Amara Pre-Sales Officially Launched
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M Group
Amara Pre-Sales Officially Launched
Following much anticipation, M/Group is excited to announce that pre-sales for our latest residential landmark, Amara Estate, officially launched at the end of July 2025.
Amara Estate is a secure, gated community with shared green spaces and residence clubhouse. The primary goal of this project is to facilitate delivery of safe, affordable, climate-resilient homes in a secure, gated community for essential workers in this high priority regional location in the Kalgoorlie-Boulder area. The essential key workers include and aren’t limited to the following industries: childcare, education, emergency services, government employees, healthcare, and retail.
Currently, there are 40 dwellings pre-sold, and 36 dwelling contracted to be leased to the Government Regional Officer Housing (GROH) program. Demand for sales and leasing remains exceptionally strong, driven by Kalgoorlie’s current vacancy rate of less than 1%.
The project is set to move into the construction phase early next year. The Building Contract and Civil Works package has been finalised, and we have secured full project funding through the Commonwealth Bank of Australia (CBA).
South Western Highway Development Update
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M Group
South Western Highway Development Update
M/Group is pleased to provide a timeline update for our upcoming project located on South Western Highway, Armadale. Following extensive planning and design phases, construction is officially scheduled to commence in mid-2026.
This project represents a strategic addition to our commercial portfolio, capitalising on the high visibility and logistical advantages of the South Western Highway corridor. We have commenced finalising Offer to Leases to blue chip tenants: 7-Eleven, Banjos Bakery, Ultra Tune, and Sparkletown Car Wash.
We look forward to breaking ground next year and delivering a project that contributes to the economic growth of the surrounding region.
Geraldton Large Format Centre Reaches Completion
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M Group
Geraldton Large Format Centre Reaches Completion
M/Group is proud to announce the formal completion of the Geraldton Large Format Centre, marketing a significant milestone for the region’s retail landscape. With construction now finalised, we are thrilled to welcome anchor tenants Rebel Sport and Red Dot Home, both of which have officially opened their doors to the Geraldton community.
Beyond providing a premium shopping destination, the centre represents M/Group’s ongoing commitment to sustainable development. The project features a solar array and battery storage system, designed to significantly reduce the site’s carbon footprint and provide energy efficiencies to our tenants.
This integration of renewable energy technology ensures that the Geraldton Large Format Centre is not just a hub for commerce, but a benchmark for environmentally conscious commercial property in Western Australia.
Parry Street Fund delivers 15% per annum to Investors
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M Group
Parry Street Fund delivers 15% per annum to Investors
M/Group is thrilled to announce the successful conclusion of the Parry Street Fund, achieving outstanding results for our investors. Over a 24-month period, the fund delivered a remarkable 15% per annum return.
The success of the fund was driven by the completion and full sale of all 40 apartments and the accompanying commercial space within the Parry Street development.
This boutique project is strategically located in the heart of Fremantle Town Centre, the development is a standout addition to the area. Its premium design and functionality have contributed to revitalizing the local landscape, offering contemporary urban living and high-quality commercial opportunities.
Rebel Sports and Red Dot Home underpin Geraldton Large Format Centre
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M Group
Rebel Sports and Red Dot Home underpin Geraldton Large Format Centre
M/Group are pleased to announce that leading national retailers Rebel Sports and Red Dot Home have been secured as key tenants for our Geraldton Large Format Centre project.
Currently under construction, the project represents a significant achievement for investors in the associated fund with the asset fully leased upon completion.
Bella Build have already commenced site works, with the building set to be completed by mid-next year.
M Group
Apartment Living Feature Q&A
Comments by Lloyd Clark, Managing Director of Match
How is the apartment market performing at the moment?
The market is in a state of divide; on one side there are a number of large-scale apartment projects, many of which are backed by first-time developers looking to maximise land availability and density opportunities.
People are correct in being concerned about value proposition of these projects. Many of them will struggle to achieve the required pre sales and, therefore, will not go ahead.
Match sits on the other side of the fence. We have stayed true to our grass roots and focused on unique and well-located sites for boutique projects.
Developments like ours will continue to attract strong buyer interest. Where large-scale projects are currently in limbo, we have commenced construction of a number of new apartment projects and in the process of releasing more.
Have sales slowed in the last 12 months? If so, what do you think this is caused by? I.e. resources industry downturn, lower consumer confidence, drop in population growth, investors dropping off, oversupply etc.
Quite the opposite! Match has seen an increase in interest for its development investment funds from investors diversifying their investment from the resource/mining sector into ‘bricks and mortar”.
In fact, the last few funds have been substantially oversubscribed and, contrary to some reports that are skewed by the influx of large-scale projects, buyer interest remains strong from owner-occupiers as well as investors for boutique quality apartments projects in great location.
What kinds of apartments are most in demand? I.e. one, two-bed, communal facilities, inner-city, smaller complexes etc.
The boutique feel is paramount! Apartment projects comprising of 30-40 apartments are attracting the most interest, and they need to be in great locations that provide an abundance of amenity at the doorstep – which is really what apartment living is all about. Demand remains strong for both 1 and 2 bed apartments.
What kind of buyers are being attracted to buying apartments? I.e. investors, single professionals etc.
We’re seeing a good mix of owner-occupiers with young professional couples who don’t want to compromise their lifestyle by moving out to the large land estates in the ‘burbs’. We’re also seeing increasing interest from switched on investors who recognise that the apartment market is following world trends in being an emerging growth sector and, therefore, providing long term growth and strong returns.
There were a record number of apartments under construction in the year to Sept 2014, according to the ABS, with many of these projects now being finalised. Is there an under/oversupply of apartments at the moment? Do you expect there to be an over/undersupply in the next few years as projects being advertised now come to fruition?
There will never be an oversupply as apartment development is largely restricted by the Australian banking sector. Banks generally require 50-60% pre sales for a developer to fund a project. Therefore projects under construction are largely sold out and new projects in the market will only get out of the ground with sufficient pre sales. If there’s no demand, the project simply won’t proceed.
Feel free to add any extra info.
In the current market conditions, buyers need to do their homework to make sure that an investment will remain unique enough to retain long-term value. They should think long term and consider whether large-scale cookie-cutter apartment developments, where apartments that are hard to differentiate, are going to have good resale potential, particularly if more than one is on the market at the same time.
Buyers should also look into the developer’s credentials and make sure they have a strong track record – buying apartments ‘off-the-plan’ is only a risk when you are not 100% assured of a quality outcome.