A collection of Ray White properties across Australia & New Zealand for CCPIT members
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
A collection of Ray White properties across
Australia & New Zealand for CCPIT members
MAY 2015
RAY WHITE’S
AUSTRALASIAN FOOTPRINT
CONTENT
05 Welcome
07 Ray White Group
09 New China desk
11 Introducing Sen Wang
13 Asia Century
15 Introducing Marcus Ng
17 Introducing Sam White
19 Using Finance to buy Australian Property
22 Australian economic update
24 Ray White Commercial
30 Ray White Residential
34 Ray White Projects
39 New Zealand commercial and residentail property
47 Contact
3
WELCOME
Welcome to the first edition The current real estate market Wang, Head of our China Desk in
of the Portfolio magazine: a in Australia and New Zealand is Sydney. Marcus and Sen’s role
magazine prepared by Ray providing exciting opportunities for is to partner with CCPIT members
investors. to identify suitable investment
White exclusively for the
opportunities and assist you
members of CCPIT. Australia and New Zealand through the investment process,
have always been popular with and ensure amongst other things
Portfolio is the cornerstone of
Chinese investors due to its high that there are no language barriers
our real estate partnership with
living standards, close proximity - a genuine real estate concierge
CCPIT. It will provide you, a
and educational opportunities service for CCPIT members.
CCPIT member, with unique
amongst many other reasons.
access to our people, unrivalled
With the current low interest Finally, we include a selection
market knowledge, and our finest
rate environment, and a falling of properties that are currently
investment opportunities in the
$A, these markets are proving available for purchase in Australia
Australian and New Zealand real
even more desirable to Chinese and New Zealand. These include
estate market.
investors. Overseas investment commercial investment properties,
is strongly encouraged by the development opportunities, new
We are extremely proud to be
Australian and New Zealand apartments projects, and prestige
CCPIT’s real estate partner. Our
governments, and remains a very residential property. Once Marcus
family owned and led business
important part of their national and Sen understand your unique
has a 110 year tradition of being
economies. investment requirements, we will
a market leader and has built a
be able to offer you additional
network of over 10,000 members
We include in this edition some properties that meet them.
in Australia, New Zealand, and
key market insights as identified
Indonesia. Last year we sold
by our Research team. We will We trust you will find this edition
over A$33bln of real estate
identify for you the key drivers of Portfolio of value to you, and
across our network, and opened
and status of the different cities our team looks forward to working
our office in Beijing and Hong
and regions of Australia and New with you to build wealth through
Kong. Our ambition is to deliver
Zealand - they all unique and are Australian and New Zealand
great value to CCPIT members
experiencing varying conditions. property investment.
by ensuring our entire network
We will provide perspectives
of relationships are available to
of different markets from our
you in a comprehensive and
Research team in each edition. Dan White signature
efficient manner, so that you can
build wealth through property
Also in this edition we include
investment in Australian and New
profiles on Marcus Ng, Head
Zealand.
of our Beijing office, and Sen
4 5
RAY WHITE GROUP
Ray White is a household name in The company represents the full Today, Ray White is still a family
Australasia, a name synonymous cycle of real estate with operations owned and led business with key
with the property and real estate spanning residential, commercial, leadership roles performed by
industry. rural property and livestock as fourth generation members of the
well as hotels, marine, property White family.
Established in 1902, in the small management, property funds
Queensland country town of investment and finance. Ray White now open Beijing The
Crows Nest, Ray White has Ray White family is set to open in
evolved into Australasia’s most Ray White has achieved market Beijing bringing its total number
successful real estate business, leadership in the residential market of offices across Australasia to
nearly 1,000 individual offices across Australia, New Zealand almost 1,000. Announcing this
across Australia, New Zealand, and Indonesia. Each month the move, the company’s Chairman,
Indonesia, India, Malaysia, Papua group lists (approximately) 50 per Mr Brian White, said one of the
New Guinea, China, the Middle cent more new listings for sale key motivations was to create a
East and Atlanta USA. Last year, than our nearest competition. deeper credibility with the Chinese
Ray White sold over $25 billion community.
worth of property.
CONCIERGE LOAN MARKET MARINE COMMERCIAL
PROJECTS RETAIL PROPERTY MANAGMENT HOTELS
RURAL & LIVESTOCK WHITE & PARTNERS RESIDENTIAL
6 Ray White (pictured far left) 7
INTRODUCING
SEN WANG
CHINA DESK
Currently based in Sydney, Sen Sen is originally from Hebei In 10 years from now Sen would
heads up Ray White’s China province in China, hometown like to be involved with more
Desk. In this role he coordinates name: Shijiazhuang, the capital overseas investors in order add
the promotion of Australian and city of Hebei Province. He is value to the Ray White network.
New Zealand property to Chinese fluent in Mandarin Chinese and
buyers with a focus on introducing English, and is current studying If Sen was to buy a property
new buyers to the market. Cantonese. Sen enjoys the anywhere, regardless of budget it
opportunity the property industry would be in Sydney’s inner west in
Sen connects Ray White with presents to broaden his networks a suburb called Roseville which is
Asia; he provides specialist and work hard. in a good school catchment, close
marketing options including to Chatswood.
translating and distributing Sen believes that the major
marketing material as well as difference between the Australian In his spare time he plays
organising presentations, trade and Chinese markets are the basketball and Soccer. He also
shows and display suites government policies especially enjoys spending time with his
when it comes to purchasers and family visiting Sydney’s hidden
With a strong interest in the real property owners. spots.
estate industry, Sen did his Master
degree in Melbourne University If Sen had to relocate he feels
and he received his Agent he would miss the outstanding
Representative Certificate through environmental condition and
REIV. Sen joined Ray White in April friendly Aussie, also the best lamb
2013. cutlet and steak.
8 Brisbane City, Queensland Australia 9
INTRODUCING
MARCUS NG
HEAD OF RAY WHITE BEIJING
company from China based in the major cities in China and it it
Brisbane. From there, I generated my wish to make it a household
some very valuable knowledge name when it comes to investing
in properties. My plan now is to in Australian properties.
provide more opportunities for
Chinese investors to invest in the If I am going to buy a property,
Australian property market. I will definitely be looking at
Australia. It has a very developed
Property market in China is very legal systems where all ownership
different to the Australian property are well protected. It also has
market. There are less foreign a free financial systems where
involvement in the China market money can come and leave the
especially for residential. Also, country easily. Also, not like some
all properties in China are lease places ( for example Hong Kong
hold. The prices are more volatile and London )where to prices
and are more sensitive to the has already gone up a lot and
Government policy. I suppose the room for further
growth will be very limited. I
I do miss Australia although I still especially like buying off-the-plan
keep my apartment, car and most apartments. It allows a minimal
of my investment there. Luckily deposit ( usually 10% for Australia
enough, for work reason, I do properties )for the potential of
need to travel back to Australia growth in the property value for
once every two months and so I a period of time ( usually 1 to 3
still call Australia. as well as China years ). Also, new properties are
of course, my home. more welcomed by tenants and
I was born in Hong Kong therefore easier to rent out and
I speak Cantonese, English and Ray White as a brand, is still very the rental usually are higher than
Mandarin young in China. It requires lots those of second hands.
It has always been my ambition of resources and effort to make
to facilitate investment activities it more known to the public in I enjoy drinking with friends,
between China （ my home China. However, we now have fishing and golfing in my free time.
country ) to overseas. This has some very strong partners (
been reflected in all the pass namely CCPIT ) to be working
roles of my prior careers. Before with us and I think, with a bit of
I join Ray White, I used to be in luck, Ray White shall have a good
charge of a property development number of offices throughout
10 Melbourne City, Victoria Australia 11
USING FINANCE
TO BUY AUSTRALIAN PROPERTY
Understanding the financial “Although Chinese buyers may We also provide an interpretation
options and mortgage products not necessarily need to take service to make sure our clients
available is a critical element in out a home loan, the benefit of understand the process of their
the investment process for foreign borrowing finance from a lender applications,” he said.
buyers in Australia. to fund your investment property
in Australia is that it allows you to When preparing to apply for
Loan Market chairman, Sam leverage that equity to buy more finance in Australia, the most
White, explains that there’s properties,” Mr White said. important things Chinese buyers
some major differences between need to prepare are identification
mortgage products in Australia There are a lot of options to and proof of income status.
and China. consider when looking at
Australian mortgage products. “Australian lenders have different
“One of the biggest disparities is Mortgage broker, Tony Lam is an lending policy for overseas
in the term of the loan. Mortgage expert in foreign investment. He investors, so providing sufficient
terms in China are often shorter shared his insights into finding identification is crucial when
and can span five to ten years. the right mortgage product for looking for finance in Australia.
In Australia, the life of our home overseas buyers.
loans are usually 25-30 years,” “Australian lenders will approve
he said. “The role of a mortgage broker is the mortgage application based
to find the right product for buyers on an applicant’s ongoing
“There are also some additional and brings together the borrower income, so the income evidence
benefits to Australian finance that and lender. We have access to a is equally important. Chinese
aren’t seen in China. Mortgage large network of lenders that we buyers also need to disclose their
products in Australia can include deal with regularly and we match asset and liability for their financial
features such as offset accounts, Chinese buyer’s needs with the assessment,” Tony explains.
which reduces the interest right loan,” Tony said.
payments and ultimately saves
you money,” Mr White added. Tony said the most challenging
thing for his Chinese clients is the
Chinese property website, Juwai. application process.
com recently reported that 40 per “We provide our Chinese clients
cent of foreign Chinese buyers with a variety of products to
borrow finance to buy property choose from and we recommend
and that overseas Chinese buyers them the most suitable products
who do use finance in Australia based on their situation.
tend to be more conservative
compared to Australian
domestic buyers.
12 Sydney City, New South Wales Australia 13
MARKET OVERVIEW AUSTRALIA
Over the last two years Asian capital inflows into Australia for major property purchases has totalled
US$16.17 billion representing over 370 transactions across all asset classes. Of these, 156 transactions
as been by Singaporean investors who are particularly active in the office and hotel asset classes, while
ASIAN PROPERTY INVESTMENT China has also been a dominate player in Australian property purchasing over US$5.51 billion. Looking
alone at development investment stock there has been close to US$3 billion transacted over the past two
INTO AUSTRALIA years; of this Chinese investors have dominated representing more than half of the total turnover across 48
transactions across Australia.
Cross Border Capital Flows, Asia to Australia
$USD by location (last 24 months)
Over the last two years, Asian investment into Australia has been strong. The “safe haven” of Australia has
been particularly attractive given the stability of the economy, low interest rate environment, strong banking
sector and in the last eighteen months improving currency position for investment. Interest has been across
all asset classes with investors keen to secure a combination of trophy office assets in major cities, hotel
S ydney 135
assets, quality retail offerings, prestige and residential development opportunities as well as rural holdings.
Melbourne 130
B risbane 44
P erth 29
Cross Border Capital Flows, Asia to Australia
$USD all asset classes (last 24 months) Other 18
G old C oas t 12
S ingapore 156
C anberra 4
C hina 141
Adelaide 2
Malysia 32
$- $2,000 $4,000 $6,000 $8,000 $10,000
millions
Hong K ong 29
Source: Real Capital Analytics
S outh K orea 3
By location, Sydney is the favoured city for Asian investment dominating 55.89% of all transactions by
J apan 4 value, Melbourne while representing similar number of transactions the volume of sales is significantly less;
Brisbane then Perth are the remaining cities of interest. Encouragingly Gold Coast also features on this list,
representing 12 transactions, half being development sites and remaining hotel and retail assets, Chinese
Other 9 investors favour this market purchasing 8 of the 12 assets. Looking at development site activity Sydney
and Melbourne are both strong markets of investment, Sydney while representing 27 transactions total
$- $2,000 $4,000 $6,000 $8,000 US$1.35 billion, Melbourne has seen 44 sales being US$991.2 million, Brisbane still lags behind with only 12
millions
transactions or US$269.3 million, similar to Perth with the same number of sales totalling US$206.1 million.
Source: Real Capital Analytics
14 15
AUSTRALIAN ECONOMIC UPDATE TOTAL UNEMPLOYMENT
AUSTRALIA V EAST COAST STATES
While GDP has seen improvement during 2014 this is still trending below longer term growth projections, the
outlook for 2015 is not as strong; yet post this period over 3% growth expection will bring greater certainty
back to the economy. The weak national income growth is resultant of output running a little below trend as
resources related construction has reduced coupled with the falling commodity prices. Overall the lacklustre Despite the increases in unemployment, job gains have lifted; the unemployment growth is due to the
state of the economy has resulted in wage gains at record lows and the falling Australian dollar adds further mismatch between the slowdown in population growth coupled with the acceleration of baby boomer
pricing pressure, however positively is the pick up across the residential markets which has resulted in an retirement. Unemployment is more to do with worker supply which currently sees fewer migrants and more
increase in housing construction. This has an uplifting affect in NSW during 2014 and is likely to continue retirees rather than pure demand strength because employers are hiring. It is expected unemployment will
albeit not at the same rate, while Queensland is expected to show robus recovery in 2016 and beyond off continue to grow and will peak during 2015 which will do much to further hamper business confidence
the back of major investment in several gas infrastructure projects. together with the squeeze on Australia’s income
Economic growth, Australia v East Coast States Total Unemployment, Australia v East Coast States
% annual change
5.0 14.0
Forecast
4.5
12.0
4.0
10.0
3.5
3.0 8.0
2.5
6.0
2.0
4.0
1.5
1.0 2.0
0.5
0.0
J an-1998
J an-2009
J an-1990
J an-1991
J an-1992
J an-1993
J an-1994
J an-1995
J an-1996
J an-1997
J an-1999
J an-2000
J an-2001
J an-2002
J an-2003
J an-2004
J an-2005
J an-2006
J an-2007
J an-2008
J an-2010
J an-2011
J an-2012
J an-2013
J an-2014
J an-2015
0.0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
GDP NS W
Source: Deloitte Access Economics
Australia NS W Qld Vic
Source: Reserve Bank of Australia
Overall the state of GDP for Australia sees continued growth of 2.80% per annum over the next five years
which is a far more favourable result compared to the past five years where only 2.67% growth was NSW is expected to lead the charge with unemployment off the back of improvements in the property,
recorded. NSW has a reasonably strong outlook given its non reliance on commodities and mining, it business, finance sectors and with retail trade the highest of all states, will ensure continued job
welcomes reduced fuel costs and drives sentiment up and employment demand. Similarly population creation growth.
growth has mirrored this improved confidence and is fuelling a recovery after a dismal post GFC period
for NSW.
16 17
EAST COAST
Office Vacancy
(%) by location
COMMERCIAL UPDATE 18.0
16.0
14.0
12.0
10.0
8.0
Investment activity was high across the major office markets during 2014 with a combination of domestic
and off shore investors looking to invest within the “safe haven” of Australian CBD office markets. Sydney 6.0
and Melbourne are the key locations of choice given their reputation as the economic hubs of Australia as 4.0
well as being the largest office markets in the country.
2.0
Sydney CBD has been under much pressure over the past few years given the large supply pipeline and 0.0
inflated vacancy levels due to limited rental demand driving incentives to new highs. However improved
employment demand and withdrawal of stock has reduced these vacancy rates and put considerable
pressure on investment yields which have shown downward momentum over the last couple years to now S ydney C B D Melbourne C B D B risbane C B D P erth C B D C anberra
average in the 6.25% to 7.25% range for prime assets. Melbourne CBD vacancy levels have been elevated Source: Property Council of Australia, OMR
over the last two years after a prolonged low which has ensure incentives have remained in check, as a result
the investment yields have been reducing continuously since 2009 to now average at a similar rate to Sydney
in the 6.00% to 7.00% range for prime assets, with some evidence below this rate for quality assets with
strong lease covenants.
Prime Office Yield
Brisbane and Perth CBD’s have been under greater stress over the past two years given the changes in Average by location
demand in the mining, agriculture and supporting business sectors. Vacancy levels are at record highs in
Brisbane CBD at 15.6% resulting in incentive levels reportedly up to 50% with face rents showing some 9.00%
decline. This has had a stabilising effect on investment yields in contrast to the other eastern states
averaging around 7.50% for prime assets however ranging up to 8.25%. Perth CBD is also hampered by 8.50%
high vacancies and incentives as demand has stalled within a strong supply cycle, this has resulting in similar
8.00%
yields trends, remaining steady currently averaging just over 8.00% for prime assets.
7.50%
The Canberra office market has been in a prolonged period of uncertainty after strong increases in supply
7.00%
across the region has resulted in large increases in vacancies. Changes in government, movement of
government departments and an overall decline in public administration employment has ensured this 6.50%
market has been in a state of turmoil for some time. Encouragingly, improved employment fundamentals
have seen vacancy and rental activity within Canberra Civic (CBD) improve despite poor submarket (Non 6.00%
Civic) performance. Current yields have yet to translate with some compression however overall showing 5.50%
stability since 2010 and currently averaging 8.00% for prime assets within a broad range dependant on lease
covenant and quality. 5.00% 2007
2007
2008
2008
2008
2008
2009
2009
2009
2009
2010
2010
2010
2010
2011
2011
2011
2011
2012
2012
2012
2012
2013
2013
2013
2013
2014
2014
2014
2014
Each major city is showing differing office market results depending much on state economy and how that
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
translates to employment and sentiment. Despite this, investment activity is common across each market
with yields reflecting the differing levels of risk and uncertainty. It is expected this level of demand to continue S ydney C B D Melbourne C B D B risbane C B D P erth C B D C anberra
particularly from foreign investors particularly given the current $AUD and the low international interest rates Source: Ray White Group
on offer.
18 1971 Eagle Street, Brisbane City 71 Eagle Street, Brisbane City
Commercial Office Building Commercial Office Building
Riparian Plaza is an office environment that is unsurpassed in Sale Riparian Plaza is an office environment that is unsurpassed in For Sale
every facet of design and amenity. A total of 30,500 square Expression of interest every facet of design and amenity. A total of 30,500 square Expression of interest
metres of absolute premium office space over 25 levels is metres of absolute premium office space over 25 levels is
where the city’s leading businesses gather to work. where the city’s leading businesses gather to work.
John Smith John Smith
Riparian Plaza delivers the city’s most advanced column-
0404 777 777 Riparian Plaza delivers the city’s most advanced column-
0404 777 777
free office space, offering an equality in floor plate size and jsmith@raywhite.com free office space, offering an equality in floor plate size and jsmith@raywhite.com
configuration rarely found in a CBD office premise. Each of the configuration rarely found in a CBD office premise. Each of the
floor areas range in size from 1,200 to 1,240 square metres rwnewfarm.com floor areas range in size from 1,200 to 1,240 square metres rwnewfarm.com
and features custom designed sunshades and expansive glass 07 555 5555 and features custom designed sunshades and expansive glass 07 555 5555
facades providing natural light and equally balanced views of facades providing natural light and equally balanced views of
the river to 80% of the floor area. the river to 80% of the floor area.
20 2171 Eagle Street, Brisbane City 71 Eagle Street, Brisbane City
Commercial Office Building Commercial Office Building
Riparian Plaza is an office environment that is unsurpassed in Sale Riparian Plaza is an office environment that is unsurpassed in For Sale
every facet of design and amenity. A total of 30,500 square Expression of interest every facet of design and amenity. A total of 30,500 square Expression of interest
metres of absolute premium office space over 25 levels is metres of absolute premium office space over 25 levels is
where the city’s leading businesses gather to work. where the city’s leading businesses gather to work.
John Smith John Smith
Riparian Plaza delivers the city’s most advanced column-
0404 777 777 Riparian Plaza delivers the city’s most advanced column-
0404 777 777
free office space, offering an equality in floor plate size and jsmith@raywhite.com free office space, offering an equality in floor plate size and jsmith@raywhite.com
configuration rarely found in a CBD office premise. Each of the configuration rarely found in a CBD office premise. Each of the
floor areas range in size from 1,200 to 1,240 square metres rwnewfarm.com floor areas range in size from 1,200 to 1,240 square metres rwnewfarm.com
and features custom designed sunshades and expansive glass 07 555 5555 and features custom designed sunshades and expansive glass 07 555 5555
facades providing natural light and equally balanced views of facades providing natural light and equally balanced views of
the river to 80% of the floor area. the river to 80% of the floor area.
22 23EAST COAST PRESTIGE
Prestige property in other states does not match the value achieved in Sydney given the status of the city as
a global city and characteristics such as Sydney Harbour. Melbourne however has achieved a high volume
of transactions over $5 million over the past couple of years. 2014 resulted in 74 transactions totalling $647
RESIDENTIAL OVERVIEW million, slightly down on the 2013 result which achieved $755 million in 68 sales.
Looking at the higher value assets over $10 million this represents a high 12 number of transactions being
$170 million, only one transaction was recorded over $20 million being the $23.3 million sale at 14 St
Georges Road, Toorak in late 2014 to a local buyer. Half of these larger sales were for properties within
Toorak with Brighton, Hawthorn, Albert Park, Armadale and Kew also representing in this higher price
Ray White agents have the knowledge, skills and experience to help maximise the value of your property. bracket.
It’s the reason we’ve sold more properties in Australasia than any other real estate agency. We call it the Ray
White_Know How.
Victoria & Queensland Prestige Sales
Ray White is Australasia’s leading real estate brand comprising of nearly 12,000 passionate property Volume & number of transactions (Over $5 million)
professionals and 1,000 franchises across 11 countries.
$800 68
Millions
The prestige residential market has rebounded in the past two years resulting in a large uptick in the number
of transactions. Across Sydney the increase in foreign investment activity has resulted in a sizeable increase $700 74
67
in high ticket property changing hands with the volumes increasing particularly in the over $20 million price
$600
range. During 2014 there were 19 sales of homes over $15 million, a record high for Sydney; of these
transactions 11 were over $20 million representing a new high for these quality residences. Of these sales 8 $500 52
were reported as being by overseas buyers including the $39 million Villa del Mare in Point Piper which has
not been granted FIRB approval and is currently back on the market. $400
The volume of transactions in 2014 totalled just short of $433 million, despite this high 2013 achieved the $300
33
highest value sale in Sydney being $52 million Altona property also in Point Piper. During 2014, 6 of the
$200
sales were for properties (all over $20 million) in Point Piper, with Bellevue Hill and Vaucluse representing 4 19 17
transactions each with an additional 3 transactions on the north side of Sydney in Mosman. $100 8
3 4
New South Wales Prestige Sales $-
Volume & number of transactions (Over $15 million) 2011 2012 2013 2014 2015*
Queensland Victoria
$350
Millions
11
Source: Ray White Group *to March
$300
$250 Across Queensland there was a sizeable increase in the volume of transactions during 2014, doubling
volumes to $217 million and now representing 33 transactions over $5 million. Of these transactions only
$200 14 were over $7 million, 10 being in the $7-$8 million range and were spread across South East Queensland
5
with a mixture of waterfront property in the Gold Coast together with Brisbane riverfront suburbs of
$150 8 Hawthorne, Hamilton and Norman Park. There was only one property was recorded over $10 million during
7 2014, Windermere in Sutherland Avenue, Ascot was reported as selling for $10.2 million to a domestic
3 7 buyer; this sales has been the largest transaction in Brisbane over the last five years.
$100
$50 2
1 1
0
$0
2011 2012 2013 2014 2015*
$15-$20 mill $20+ mill
Source: Ray White Group *to March
24 2571 Eagle Street, Brisbane City 4 3 6 71 Eagle Street, Brisbane City 4 3 6
Luxury Penthouse Style Apartment Luxury Penthouse Style Apartment
This iconic address provides breathtaking views of the Story Sale This iconic address provides breathtaking views of the Story Sale
Bridge & city lights with the versatility of open plan living areas. Asking $6.0 million Bridge & city lights with the versatility of open plan living areas. Asking $6.0 million
Towering 46 floors above the river, this incredible sky home Towering 46 floors above the river, this incredible sky home
incorporates 530m2 of high quality finishes with views from incorporates 530m2 of high quality finishes with views from
John Smith John Smith
every room of Brisbane River to Morton Bay. every room of Brisbane River to Morton Bay.
0404 777 777 0404 777 777
The floor plan of this unique apartment was previously two jsmith@raywhite.com The floor plan of this unique apartment was previously two jsmith@raywhite.com
side by side residences transformed into one enormous space side by side residences transformed into one enormous space
boasting versatility and open plan living areas. rwnewfarm.com boasting versatility and open plan living areas. rwnewfarm.com
07 555 5555 07 555 5555
Ray White New Farm Ray White New Farm
26 27RAY WHITE PROJECTS
Half of the project was offered as one bedroom apartments which averaged approximately 50sqm of internal
area, all with balconies, parking and small storeroom facilities. These properties were hotly contested and
sold out in the opening weeks achieving values an average value of $13,722/sqm. Two bedroom properties
offered included apartments which range in size from 63-80sqm all including larger outdoor areas, parking
and storeroom facilities; these properties sold on average for $1.16 million which represents a rate of
approximately $15,000/sqm. Two bedroom townhouses have also been on offer, these properties are
slightly larger in the 88-95sqm range internally and offer larger courtyard areas and parking for two vehicles,
Ray White has a strong project division. Its activities include site sales and acquisition for residential projects these properties currently are on the market with an asking price of between $1.5 million to $1.65 million.
as well as the marketing of the resultant projects themselves. A team of experienced professionals offers
advice from the planning through to the marketing and sales processes. Utilising the expansive Ray White Monarch Mosman Configuration
network for additional sales introductions has given our team a unique advantage.
2 B ed
PROJECT SHOWCASE 30.65%
The residential property market in Sydney has been particularly active over the past two years in response
to the low cost of debt and improved sentiment surrounding employment. Furthermore the strong overseas
influence in the property market has seen an influx of overseas investors actively pursuing assets creating
a greater sense of urgency in the market for all purchaser types. The Sydney apartment market has seen 1 B ed
capital growth of approximately 14.1% during 2014 after growing 15.1% in 2013, the expectation for 2015 is 50.00%
one of greater stability however given the robust growth seen so far in 2015, further increases in the 7-10%
range is anticipated.
CASE STUDY – MONARCH MOSMAN
3 B ed
Monarch Mosman is a boutique complex offering 62 dwelling mixed between 1, 2 and 3 bedroom
apartments, live/work SOHO properties as well as townhouse dwellings. This project has had a successful
12.90%
launch which resulted in a high volume of interest and subsequent transactions; this property was sought
after by a mix of domestic Asian purchasers, overseas buyers as well as local investors. The quality North
S OHO
Shore location within Mosman has been a major draw card for both owner occupiers and investors who Source: Ray White Group 6.45%
have had interest across all price points and size ranges.
There has been slightly less demand for the larger three bedroom offering, having sold three of the eight on
offer, these properties are larger in size averaging 102sqm with outdoor areas and double parking, these
properties have achieved in excess of $18,000/sqm with sale prices in the region of $1.8 to $1.9 million. The
project also includes four SOHO properties which offer a greater live/work flexible floorplan which provides
multi-purpose larger courtyard, balcony outdoor areas. These two bedroom properties average total areas in
the 100-109sqm range with average asking prices of $925,000.
Of the 49 properties which have exchanged the level of Asian interest has been strong, these investors have
been responsible for just over half of all transactions. Most have been Asian domestic investors looking more
for an investment asset however some owner occupiers have featured. There has been an additional eight
investors who have been subject to FIRB; seven being from Hong Kong with one Singapore investor with the
remaining local investors.
28 2971 Eagle Street, Brisbane City 4 3 6 71 Eagle Street, Brisbane City 4 3 6
Luxury Penthouse Style Apartment Luxury Penthouse Style Apartment
This iconic address provides breathtaking views of the Story Sale This iconic address provides breathtaking views of the Story Sale
WHAT CONTETNT
Bridge & city lights with the versatility of open plan living areas.
Towering 46 floors above the river, this incredible sky home
Asking $6.0 million Bridge & city lights with the versatility of open plan living areas.
Towering 46 floors above the river, this incredible sky home
Asking $6.0 million
NEEDS TO GO HERE?
incorporates 530m2 of high quality finishes with views from
every room of Brisbane River to Morton Bay.
John Smith
0404 777 777
incorporates 530m2 of high quality finishes with views from
every room of Brisbane River to Morton Bay.
John Smith
0404 777 777
The floor plan of this unique apartment was previously two jsmith@raywhite.com The floor plan of this unique apartment was previously two jsmith@raywhite.com
side by side residences transformed into one enormous space side by side residences transformed into one enormous space
boasting versatility and open plan living areas. rwnewfarm.com boasting versatility and open plan living areas. rwnewfarm.com
07 555 5555 07 555 5555
Ray White New Farm Ray White New Farm
30 31NEW ZEALAND
COMMERCIAL AND LUXURY RESIDENTIAL
Lorem ipsum dolor sit amet, nisl elit, et accumsan leo cursus Curabitur tempus lacus tellus,
consectetur adipiscing elit. vitae. Praesent vulputate facilisis eget fringilla elit accumsan
Donec imperdiet risus vitae nulla rutrum. Nunc dignissim sagittis eu. Donec eu leo ut massa
consectetur, vitae eleifend lorem velit non tristique. Proin nunc vestibulum laoreet. Donec sit
lobortis. Ut auctor sollicitudin eros, luctus in dui at, dignissim amet nibh varius, lobortis sem et,
ligula, a blandit libero interdum suscipit leo. Sed in ante nisl. tristique ipsum. Nunc consectetur
sed. Nulla pellentesque laoreet Etiam feugiat mauris quis massa ligula lectus, quis sodales odio
diam, sed pellentesque nulla semper porta. Suspendisse accumsan pellentesque. Nullam
aliquam non. Vivamus volutpat tempor auctor massa, a sodales non mauris ut metus feugiat
sem at enim ullamcorper, ut leo rhoncus ut. Fusce lobortis nisl efficitur vitae id orci. Nulla suscipit
rutrum neque pharetra. Cum id quam iaculis hendrerit. magna non ultrices mollis. Sed
sociis natoque penatibus et ac tempor neque. Duis in augue
magnis dis parturient montes, Fusce ultrices massa mi, ac sit amet tortor tempor tincidunt.
CONTENT?
nascetur ridiculus mus. dignissim nisi convallis non. Quisque viverra accumsan ante,
Sed sit amet est vitae leo Suspendisse sed dui orci. Nunc at suscipit elit fermentum eu.
elementum ultrices eget quis ut urna nec est imperdiet sagittis Cras ante orci, commodo a est
nisi. Maecenas finibus a velit vitae id turpis. Proin maximus in, sodales consequat nibh. Etiam
a varius. Pellentesque tempus varius turpis, quis bibendum hendrerit ac sapien elementum
purus id nisl tempus pulvinar. urna fermentum vitae. Fusce non imperdiet. Etiam lectus purus,
Cras iaculis ullamcorper mauris, efficitur odio, sit amet scelerisque varius sit amet neque ut, blandit
sit amet bibendum ante dictum leo. Mauris ac imperdiet augue. sodales orci. Nullam nulla ante,
eget. Nunc tristique purus tortor, Cum sociis natoque penatibus tincidunt in bibendum id, blandit
non accumsan enim aliquam et. et magnis dis parturient montes, at mauris. Fusce varius gravida
Phasellus consequat elit a purus nascetur ridiculus mus. Quisque leo, id commodo velit malesuada
faucibus, sit amet vulputate nulla id vulputate lorem, id vehicula vitae. Sed tempor dapibus est, id
placerat. Nunc dictum sagittis orci. In elementum pellentesque pulvinar tortor sollicitudin nec.
porttitor. Donec porttitor, leo at libero, pretium vestibulum dui
aliquet sodales, odio felis dictum efficitur at. Cras et libero nisi. Morbi fringilla eu eros id aliquam.
justo, sit amet aliquet est ipsum Pellentesque blandit lectus ante, Phasellus egestas et arcu
eu neque. Nam volutpat, tortor in posuere nisi mattis a. Sed nec dapibus finibus. Aenean pretium
sed rhoncus aliquam, dui lacus est pellentesque, aliquam odio a urna et congue. Maecenas
sagittis elit, ornare condimentum non, condimentum quam. Donec rhoncus sagittis molestie. Aliquam
nulla neque eu nisi. Integer mattis ullamcorper, diam sed ultrices sed laoreet metus. In sit amet
auctor dolor vitae dignissim. luctus, eros nunc feugiat nulla, mattis justo. Sed fringilla ligula eu
in egestas ligula odio quis arcu. urna tincidunt, nec posuere turpis
Fusce porttitor in justo a aliquet. Aenean faucibus nisl vel sem efficitur. Nulla facilisi. Nulla aliquet
Aliquam sit amet pretium ante. fringilla dictum id vitae tortor. nisi sem, quis tempor metus
Nunc a nisi erat. Nullam suscipit tristique non. Donec vel sagittis
32 Auckland City, New Zealand 3371 Eagle Street, Brisbane City 71 Eagle Street, Brisbane City
Commercial Office Building Commercial Office Building
Riparian Plaza is an office environment that is unsurpassed in Sale Riparian Plaza is an office environment that is unsurpassed in For Sale
every facet of design and amenity. A total of 30,500 square Expression of interest every facet of design and amenity. A total of 30,500 square Expression of interest
metres of absolute premium office space over 25 levels is metres of absolute premium office space over 25 levels is
where the city’s leading businesses gather to work. where the city’s leading businesses gather to work.
John Smith John Smith
Riparian Plaza delivers the city’s most advanced column-
0404 777 777 Riparian Plaza delivers the city’s most advanced column-
0404 777 777
free office space, offering an equality in floor plate size and jsmith@raywhite.com free office space, offering an equality in floor plate size and jsmith@raywhite.com
configuration rarely found in a CBD office premise. Each of the configuration rarely found in a CBD office premise. Each of the
floor areas range in size from 1,200 to 1,240 square metres rwnewfarm.com floor areas range in size from 1,200 to 1,240 square metres rwnewfarm.com
and features custom designed sunshades and expansive glass 07 555 5555 and features custom designed sunshades and expansive glass 07 555 5555
facades providing natural light and equally balanced views of facades providing natural light and equally balanced views of
the river to 80% of the floor area. the river to 80% of the floor area.
34 3571 Eagle Street, Brisbane City 4 3 6 71 Eagle Street, Brisbane City 4 3 6
Luxury Penthouse Style Apartment Luxury Penthouse Style Apartment
This iconic address provides breathtaking views of the Story Sale This iconic address provides breathtaking views of the Story Sale
Bridge & city lights with the versatility of open plan living areas. Asking $6.0 million Bridge & city lights with the versatility of open plan living areas. Asking $6.0 million
Towering 46 floors above the river, this incredible sky home Towering 46 floors above the river, this incredible sky home
incorporates 530m2 of high quality finishes with views from incorporates 530m2 of high quality finishes with views from
John Smith John Smith
every room of Brisbane River to Morton Bay. every room of Brisbane River to Morton Bay.
0404 777 777 0404 777 777
The floor plan of this unique apartment was previously two jsmith@raywhite.com The floor plan of this unique apartment was previously two jsmith@raywhite.com
side by side residences transformed into one enormous space side by side residences transformed into one enormous space
boasting versatility and open plan living areas. rwnewfarm.com boasting versatility and open plan living areas. rwnewfarm.com
07 555 5555 07 555 5555
Ray White New Farm Ray White New Farm
36 37Ray White_Know How
to consistently
outperform in the CONTACT
Australiasian real
estate market
MARCUS NG
HEAD OF RAY WHITE BEIJING
M +86 188 0014 8747 (China)
M +61 4 0331 2411 (Australia)
SEN WANG
CHINA DESK
M +61 4 3352 8116
38 39FIND YOUR NEXT INVESTMENT IN AUSTRALIA AND NEW ZEALAND Visit raywhite.com.cn
You can also read
