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JUNE 2017

So far, 2017 has been an intensely competitive year for buying development sites.
 
Whilst we look at a lot of acquisition opportunities, we agree with many of our clients that finding a site, getting it under contract then going unconditional, is becoming increasingly more difficult. There’s not much that isn’t already tied up and there’s no easy sites left; they either have significant servicing issues in terms of timing or cost (usually both), or have high construction costs due to any number of constraints.  
 
In this newsletter, Andrew Ngo, one of our Principal Engineers shares his experience and thoughts on a few key aspects that we’ve found helps find the value and get the deal over the line.
 
We hope you find this information useful. Any questions please don’t hesitate to call. 


Brent Thomas
Managing Director
M:  0438 143 113
E:  brent.thomas@peakurban.com.au

Engineering value in a tough market - the site acquisition challenge

Despite there being no easy sites left in Southeast Queensland, we've recently helped 4 clients acquire new development sites - 3 residential projects totalling around 1,830 lots and one retirement site of 145 units. 

So what have we learnt from our experiences? Whilst no means exhaustive, Andrew Ngo, one of our Principal Engineers has found a few key areas that have been important to focus on.

Read more

The new Planning Act - What you really need to know.

On 3 July 2017 Queenslanders will welcome in a new Planning Act. What does this mean for you and your projects? We came across a short and concise article from Wolter Consulting Group and thought it would be useful to share - click here .

New Team Members

We are continuing to expand both our capacity and capability with two recent appointments in our design office.  We're very pleased to welcome Kate Pilkington and Dion Cosgrave, both Senior Civil Designers, to the PEAKURBAN team.
Kate Pilkington
Senior Civil Designer
E: kate.pilkington@peakurban.com.au
Kate has over 11 years of civil design and drafting experience working on both residential and industrial projects. This includes experience in large greenfield developments and brownfield sites.
Dion Cosgrave
Senior Civil Designer
E: dion.cosgrave@peakurban.com.au
Dion is a Senior Civil Designer with over 30 years’ experience in civil engineering design. He has worked on a diverse range of projects including masterplanned communities, retirement and aged care projects as well as lake and canal subdivision projects.

Mirvac - Rochedale
Congratulations to Mirvac for reaching a key milestone in their premier project at Rochedale. The 8.4ha site was settled earlier this year and a Development Application was submitted in May 2017 to Brisbane City Council for a 130+ lot residential subdivision.
 
Mirvac have shown a commitment to excellence through a very inclusive design process with the project team, thoughtful product design for their customer profile, and proactive consultation with local authorities during the layout development phase.
 
The project has a strong focus on capitalising on the upmarket location which offers ease of access to both the Pacific Motorway and Gateway Motorway, and is 14km south-east of the Brisbane central business district.
 
The development is located on the corner of Gardner Road/Ford Road and is a key site in the greater Rochedale Urban Village. Features include skyline views of the CBD, great access to transport infrastructure, services, and amenities, and close proximity to the proposed Rochedale Town Centre.
 
PEAKURBAN is very pleased to be the engineers for this project and look forward to helping Mirvac deliver the project to market over the coming months.

Where are the jobs of the future going to be? 

A new study commissioned by urban policy think tank ‘The Suburban Alliance’ suggests we should be ready for a significant period of expansion in suburbia as the population and economy of South East Queensland grows. The report analyses the location of various key industries and occupations depending on whether they are located in the inner city, in a suburban business district, or elsewhere in suburbia. The report finds that only 14.6% of all jobs in SEQ are in the inner city. Lawyers are most likely to be found there (some 65% of lawyers in SEQ being in the inner city) while this is also a preferred location for professions including HR, ICT and engineering.

However, nearly all other occupations and industries are more likely to be found in suburban premises. More important is the finding that the future growth industries of health, social welfare and education are most likely to be located in suburban centres because of the nature of their operations: they have little need for the centralisation offered by the CBD. Even professional and technical firms in the future are likely to generate more suburban employment than inner city employment.

The Suburban Alliance report can be downloaded here.

Copyright © 2017 PEAKURBAN Pty Ltd, All rights reserved.


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PEAKURBAN Pty Ltd
PO Box 1344
Buddina, Qld 4575
Australia

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PEAKURBAN Pty Ltd · PO Box 1344 · Buddina, Qld 4575 · Australia

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