The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JUST 13 DAYS LEFT UNTIL OUR FLAGSHIP CONFERENCE JOIN MORE THAN 550 ALREADY ATTENDING
JUST 13 DAYS TO GO UNTIL URBANITY-25 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterTue 26 Jul 16

Oliver Hume Secures 1,000 Lots Across Four Victorian Projects

oliver-hume-land

Property services group Oliver Hume has cemented its position as Victoria’s leading property marketing group with the appointment to four different projects in the last eight weeks with a combined yield of nearly 1,000 lots.

The new lots, which have an estimated value of about $300 million, adds to Oliver Hume’s existing portfolio of more than 40 communities in Victoria.

The appointments include a high profile role with Places Victoria, the State Government’s property development agency, as part of the development of a site on the edge of the Point Cook Town Centre overlooking the Boardwalk Boulevard Wetlands.

The new appointments secured in the last two months include:

  • Point Cook – Oliver Hume will work alongside Places Victoria on the sales and marketing of a new townhouse development.

  • Tarneit – A boutique development comprising approximately 400 lots, set to come to market in October this year.

  • Willandra, Melton – A 700-lot development that launched in 2012, Oliver Hume will take responsibility of the sales and project marketing for the remainder of the project.

  • Mornington – Consisting of 38 half-acre to acre lots, the Mornington development will set a new benchmark in the Peninsula corridor.

Oliver Hume Director Paul CiprianOliver Hume Director Paul Ciprian said the appointments reflected the company’s ability to provide developers with a competitive edge in the development, marketing and sale of new residential communities.

“While some segments of the property market are displaying signs of stress, the outer suburban land and communities market is still experiencing strong demand from a diversified base of first and second home buyers and investors,” he said.

“Our research shows the average time on market for project land in the three months to the end of April was just 2.5 months, down from 6.6 months in the last quarter of 2012,” he said. “This is indicative of the fact we are at the high point of the cycle with sales and production volumes at capacity while prices remain affordable, particularly when compared to Sydney.”

Mr Ciprian said developers competing for market share would ensure prices remained affordable for buyers but not to the extent it would impact developers’ profit margins.

“It is a good market where there is something for everyone,” he said.

Oliver Hume Victorian Research Manager George Bougias said the success of the new communities would be underpinned by Melbourne’s continued population growth and interstate migration, including robust overseas and interstate migration.

“Interest in new land estates remains very robust with value and affordability being key drivers – especially given price growth in Melbourne’s inner and middle suburbs which has been especially strong in the current cycle,” he said.

ResidentialAustraliaReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
GYG EDM
Exclusive

GYG Reveals Real Estate Tactics Behind 1000-Store Growth Plan

Clare Burnett
7 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
View All >
Sponsored

Covering the Gaps: How iCreate Fixes Common Developer Marketing Traps

Marisa Wikramanayake
The entrance to 88 North Terrace Adelaide, the site of a new student tower at Holy Trinity Church
Student Housing

PBSA Highrise Greenlit for Adelaide Church Carpark

Renee McKeown
Lendlease 175 Liverpool Street EDM
Real Estate

Lendlease Reveals $2.5bn Twin Tower Play for New Sydney Site

Clare Burnett
The prolific but under pressure developer has acquired the prime site overlooking Hyde Park with DA approval in place…
LATEST
Development

Covering the Gaps: How iCreate Fixes Common Developer Marketing Traps

Marisa Wikramanayake
4 Min
The entrance to 88 North Terrace Adelaide, the site of a new student tower at Holy Trinity Church
Student Housing

PBSA Highrise Greenlit for Adelaide Church Carpark

Renee McKeown
2 Min
Lendlease 175 Liverpool Street EDM
Real Estate

Lendlease Reveals $2.5bn Twin Tower Play for New Sydney Site

Clare Burnett
3 Min
Social housing in Melbourne, Victoria, where HAFFF Round Two will deliver 5001 social homes.
Affordable & Social Housing

Social Housing Projects Across Nation Win HAFFF Funds

Marisa Wikramanayake
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/oliver-hume-secures-1000-lots-across-four-victorian-projects