Why are so many properties selling off-plan?
Astute purchasers see many benefits in buying before completion, particularly with the market in recovery mode, as buyers want to get in at today’s prices. Buying off-the-plan also ensures you get your apartment of choice and have an influence on finishes and colour schemes.
What project are you currently working on?
As the Regional Director, I have operational responsibility for Portside Wharf as well as our Bluewater development in Cairns and our land holdings in Keperra and west of Caboolture. We have two buildings currently under construction and another five in the planning stages. We are also looking at new business opportunities, as and when they present themselves.
How important is it to choose a development site that already has infrastructure and amenities in place?
This is extremely important. It’s something that all purchasers look for – be it investors, downsizers or first home buyers. A community environment is very appealing to most purchasers and we have worked hard to achieve that. We compete with a number of rival developments who don’t have control of when and what type of amenity will be provided – we don’t have that problem as we prefer to control our own destiny in this regard.
The infrastructure and amenity will only improve as the State Government moves ahead with its $650 million plan to turn Kingsford Smith Drive into a six lane boulevard and improve the quality of the public spaces.