State Government funds nearly $12 million infrastructure boost for regional workers accommodation.

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’s acquisition of two strategically located and adjoining land sites within Landcorp’s Shoreline precinct will deliver ‘housing diversity’ with an integrated apartment development comprising of various apartment and terrace-style home layouts, according to Managing Director, Lloyd Clark.

The combined 5519sq.m site was purchased for $3.8million from LandCorp. It is located adjacent to a green strip with parkland and future direct beach access, and is one of a limited number of sites within the precinct zoned for apartment development.

Mr Clark said the company is delighted by the opportunity to continue its development success in the Perth’s southern Fremantle corridor. He said the design for the site is in keeping with Landcorp’s bid for diversity within the development precinct and pushes the boundaries of what is often expected in an apartment building.

“This will be an extremely exciting site to work on due to its location, LandCorp’s vision and the high level of amenity planned for the area. We wanted to follow LandCorp’s lead in delivering an environment that supports a range of lifestyles and demographic preferences by creating something distinctive for the emerging coastal market,” he continued.

“While it is our first project within the Shoreline development, it follows a long line of successful apartment projects the company has developed from Fremantle to Port Coogee. It is a market we are extremely familiar with and know that the delivery of boutique product with an element of interest is likely to attract high appeal.”

M/Group’s proposed apartment development will be marketed under the company’s Match apartment brand, and will comprise of a selection of 16 terrace-style homes and 58 apartments including a diverse range of one and two bedroom, single and double storey layouts.

Shoreline is part of Landcorp’s Cockburn Coast Redevelopment Area, which is being developed to create a modern urban community just 4km from Fremantle and 18km from Perth.

LandCorp General Manager Metropolitan and Industrial John Hackett said that a major factor in selling the sites to M/Group was the company’s proven track record and capacity to bring something a little different to the table.

“LandCorp has an aspirational vision for Shoreline, and the standard and style of development it incorporates is critical,” Mr Hackett said.

“M/Group is always consistent in providing innovative urban living designs that complement the surrounds. The company has a reputation for delivering highly successful projects in the Fremantle area and we’re thrilled that they have invested in the early stages of Shoreline.”

M/Group’s Shoreline site is scheduled for market release in early 2018.

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.