M Group
New Land in Secret Harbour Makes Home Ownership Possible
New land released in Stage Two of Secret Harbour’s Hamelin Park is surprising a market that didn’t believe home ownership was possible in established areas of Perth. It follows an unprecedented sell-out of land in Stage One, with developers M/Land looking to dispel misconceptions that buying land close to the beach and significant infrastructure is out of reach.
Being young and single, Yvonne Stanhope (31) had all but resigned to the fact that she would never be able to afford to buy a home in metropolitan Perth southern suburbs. Having lived and worked in Margaret River for three years, it was time to come home, but she wanted to be close to the beach and near her family in Port Kennedy. Then, late last year she came across a land release in the middle of Secret Harbour and saw what was possible.
“I looked around on the Internet for land and Hamelin Park was the first site that came up. I couldn’t believe how close it was to the beach and the shops. Other land I looked at was smaller and the same price or much more expensive,” she said.
“I thought I would only be able to buy into the market with a partner, but I got the first home owners grant and am building a home in an area that is perfect for me.”
Hamelin Park is located in a well-established and sought-after coastal community of Secret Harbour, with a population of over 10,000 people. The area has schools, health services and transport links, as well as an award-winning golf course, newly refurbished surf club and a major regional shopping centre, which has recently completed a $58 million transformation to include Aldi and Coles and specialty shops.
The estate’s initial land release was launched end of 2016 and all but sold out in unprecedented time. According to M/Land Director, Mr John Wroth, the high demand for affordable land in the area fast tracked the release and simultaneous construction of Stage 2 and he does not expect the lots to be available for long.
“Most people are genuinely surprised when they learn they can break into the property market in an established coastal community like Secret Harbour – which is not surprising given the incredible location and our efforts to create a family-friendly environment at record low prices,” he said.
“Hamelin Park land has attracted interest from local and first home buyers, with a large contingent of people who had been renting in Secret Harbour and didn’t think they could afford to buy in. The Stage Two release includes lots that overlook a landscaped parkland which includes a children’s playground that is due for completion before the end of the year.
“Once this current release sells out, no land will be available until 2018, so it will be a case of first in best dressed.”
Stage Two construction works are well progressed, comprising of 22 lots sized between 360sqm and 502sqm with titles expected by the end of the year. The land forms part of a well-considered estate incorporating a central family parkland.
With a number of homes in the estate already underway, Yvonne is starting to get a feel of what life will be like and looking forward to the completion of her first home.
“I’m staying with my sister at the moment which is only 10 minutes away, so I spend quite a bit of time at the site. The house now has the roof and walls, and should be complete by Christmas.” Yvonne continued.
“I can tell the area will be family oriented so I feel really safe and comfortable. I’m super excited and can’t wait to move in.”
M/Land is part of the M/Group of companies, an organisation that specialises in the identification and development of niche development opportunities across the State, and is responsible for helping to revitalise environments such as Mount Lawley, South Fremantle and Maylands.
Hamelin Park is the last remaining strategically located parcel of land in Secret Harbour and offers home sites from $179,000 and house and land packages from $329,000, excluding the First Home Buyers grant.
For further information on Hamelin Park’s stage two release visit www.hamelinpark.com.au or email info@mlandestates.com.au
M/Group to Take Land Investors to New Heights at Beeliar
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M Group
M/Group to Take Land Investors to New Heights at Beeliar
M/Group has announced plans to expand its land portfolio with the development of 148 premium residential lots on an 11.8ha site located in Beeliar within the growth corridor of Perth’s southern suburbs.
The release of the company’s Beeliar Development Trust seeks to raise $13.5 million to support the acquisition and development of the site. It follows a further $70 million raised in private equity for a range of investment products over the last 12 months, together with an unprecedented demonstration of success from its inaugural land development venture in Secret Harbour; achieving 85% in off-the-plan sales in just over seven months for Stage 1.
M/Group Managing Director, Mr Lloyd Clark, said the Project Land at Beeliar is located high on a ridge and is to be developed to existing topography with the retention of mature trees.
“There are not many property companies in the market that have successfully raised as much in private equity in the last 12 months as that of M/Group. We believe this is due to the considered approach we take to each investment that effectively delivers a competitive edge to our projects and drives higher returns for investors,” he said.
“In the case of Beeliar, much of the site’s appeal is in its elevated topography framed by beautiful Tuart Trees. Our development plans therefore work with these factors to provide the market with something unique.”
The anticipated price range of the residential lots for the Beeliar site is from $315,000 for 350m2 and up to $345,000 for 582m2. The projected financial return for private equity investors is 60% over a forecast 36-month investment period. It is forecasted that distributions will be paid on the basis of a 25% Internal Rate of Return.
M/Group is a diversified property company with a portfolio of property investments that today span across built form, land development and income generating property funds. Its approach to development, together with its success over its 16-year history, has attracted a strong investor following, with the last private equity fund attracting 90% return investors.
Director of M/Land, Mr John Wroth, says while the site is stunning and well located, the weight of the acquisition is underpinned by Western Australia’s continued and steady population growth as a result of improved resource prices, the low Australian dollar, continued oil and gas sector growth and, most significantly, the Government’s planned Cockburn Coast Redevelopment.
“Beeliar is strategically located along the Western Trade Coast, which will create over 11,000 jobs through a $2.3 billion Government injection into road and rail projects including Metronet,” he said.
“There is no question Beeliar’s location is highly desirable, close to beautiful beaches, Port Coogee Marina, schools, major shopping centres, hospitals and only 25 minutes from Perth CBD via freeway or train, but the Government’s commitment to develop some 3,900 hectares of land with industrial zones and an Australian Marine Complex, makes it a highly unique investment.”
M/Group is an approved Australian Financial Services Licensee (AFSL) working with both retail and wholesale investors.
For more information on the Beeliar Development Trust contact John Wroth on +618 9324 3855 visit www.mgroup.com.au.
Locals Drive Secret Harbour
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M Group
Locals Drive Secret Harbour
The unprecedented sale of off-the-plan home sites in Stage 1 of Secret Harbour’s ‘Hamelin Park’ estate has accelerated the land development program, bringing forward the release of Stage 2 to as early as June 2017.
Hamelin Park is located within the established beachside suburb of Secret Harbour. It is walking distance to shops, two minutes to the beach, seven minutes to public transport and 45 minutes commuting time to Perth.
The company behind the estate is M/Land, and Director, Mr John Wroth, said the sheer pace of land sales has been a welcome surprise for the company, with the majority of buyers already being familiar with the area and the value the land represents.
“We deliberately positioned and priced this land to appeal to first home buyers or people looking for affordable properties. This kind of offer has not been available in Secret Harbour for some time and, as this is the last remaining land to be developed in the area, it is unlikely to be repeated,” he said.
“Most of our buyers have been looking to upgrade or move from the rental market, without having to leave the area. The acceleration of the development program has meant that Stage 1 buyers will now receive land titles as early as this month, and Stage 2 titles by the end of the year.”
Secret Harbour was identified by M/Land as a sought after coastal village with an established community of over 10,000 people. The area has schools, major regional shopping centre, health services and transport links, as well as an award winning golf course, newly refurbished surf club and a shopping centre, which is undergoing a $53 million transformation to include Aldi and Coles and specialty shops.
“The new shopping centre is expected to generate around 250 new jobs in addition to those at the existing Woolworths. These kind of local employment opportunities are almost unheard of within new land developments,” Mr Wroth continued.
“There’s no doubt that first homebuyer incentives being at an all-time high and interest rates being so low has been a factor to the estate’s early success, but I believe most buyers realised how unique it is to buy into a new land estate without having to wait years for community infrastructure. We are really proud of what we have been able to deliver to new property owners.”
M/Land is part of the M/Group of companies, an organisation that specialises in the identification and development of niche development opportunities across the State, and is responsible for helping to revitalise environments such as Mount Lawley, South Fremantle and Maylands.
Hamelin Park is the last remaining strategically located parcel of land in Secret Harbour and offers home sites from $169,000 and house and land packages from $329,000, excluding the First Home Buyers grant.
Expressions of interest are invited for Hamelin Park’s stage two release at www.hamelinpark.com.au or email john.wroth@mlandestates.com.au for more information.
Secret Harbour Land Becomes Boutique
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M Group
Secret Harbour Land Becomes Boutique
The company behind some of Western Australia’s most celebrated residential architecture has arrived in Secret Harbour to launch its first boutique-style land division and take advantage of the area’s established community infrastructure and coastal amenity.
M/Land is part of the M/Group of companies, which specialises in the identification and development of niche land development opportunities across the State.
M/Group has played a pivotal role in revitalising environments such as Mount Lawley, South Fremantle and Maylands and in its first foray into land development, M/Land has secured one of the last remaining strategically located parcels of land in Secret Harbour.
Director of M/Land, Mr John Wroth, said the company was attracted to the site due to its coastal location between the two major centres of Rockingham and Mandurah. He said the land is being developed as an affordable land release that doesn’t carry the risk often associated with early entry into large master-planned communities.
“New land owners can sometimes wait years for the introduction of community infrastructure to support their lifestyle, such as schools and shopping centres. However, Secret Harbour is already a sought after coastal village with an established community of over 10,000 people,” he said.
“That means there is absolutely no wait for schools, shopping centres, health services, and transport links. It even has an award winning golf course, newly refurbished surf club and the local shopping centre undergoing a $53 million transformation to include Aldi and Coles and specialty shops, which is expected to generate around 250 new jobs. This is in addition to the existing Woolworths and is almost unheard within new land developments.”
M/Land is releasing stage one of the 67-lot estate named “Hamelin Park”, which includes 25 lots sized between 311sq.m and 510 sq.m. It is located within walking distance to the shops, two minutes from the beach and seven minutes from the public transport, with the Perth commuting time of just 45 minutes.
Mr Wroth expects a great deal of interest will be attracted from the local first homebuyers.
“We have priced land at Hamelin Park well below the Secret Harbour average, so it really stacks up as a great opportunity for young people to get a foothold in a well-established coastal property market. Its release follows a decade of low interest rates, first home buyer grants and incredible builder incentives – all contributing to Perth’s most affordable property investment periods in decades,” Mr Wroth continued.
“Our development also includes a number of clever design features that create distinction and align it to the standards and style that our parent company has become known for. I am confidant Hamelin Park will tick all the boxes for local property buyers and emerge as a fantastic investment.”
Hamelin Park is surrounded by interconnected parkland, walking paths, and will feature a landscaped park as a centerpiece.
Hamelin Park home sites start from $179,000. House and land packages starting from $365,000, which does not include the First Home Buyers grant. Titles for stage one of the development are scheduled to be issued in April 2017.
For more information visit www.hamelinpark.com.au or email john.wroth@mlandestates.com.au.