The largest 100 residential builders created 80 per cent of new houses and apartments last year
The largest 100 residential builders created 80 per cent of new houses and apartments in the last financial year.
For the sixth consecutive year, Metricon Homes was the nation’s number one residential builder.
The largest apartment builder in this year’s report was Hutchies, who ranked as the 5th most active builder overall, down three places.
It constructed 3015 apartments, down from 3820 in 2019-20.
Hutchinson are one of only three apartment builders in the top 20 this year, which include Meriton Apartments on 1412.
Hutchinson Builders, founded in 1918, has an average project value of $19 million, working across commercial and residential high-rise, health, education, retail, and aged care.
The top 100 list saw an increase in the number of detached house starts by 49 per cent while the number of units fell by 20 per cent.
The HIA-COLORBOND® steel Housing 100 Report ranks Australia’s largest 100 residential builders based on the number of homes commenced each year.
Metricon Homes reported a total of 6,052 new home starts across Victoria, Queensland, New South Wales and South Australia. Of these starts, 5,820 were detached houses and 232 were semi-detached dwellings. The Metricon CEO, Mario Biasin advised Metricon has grown from 604 site starts in Queensland in 2019/20 to 1177 in 2020/21 representing a 95% year on year growth.
Moving up from fourth in the 2019/20 report, the second most active builder in 2020/21 was ABN Group with 5,345 starts.
They were followed by MJH Group with 4,548 starts.
“The past year has been a remarkable year for home building,” HIA Chief economist, Tim Reardon said.
“The majority of builders increased their number of dwelling starts in 2020/21 compared to the previous year. Those that didn’t were more likely to be in the multi-unit market.
“In this market, it is not surprising that detached home builders have dominated the list of the most active home builders in Australia.
“The loss of overseas migration last year hit the apartment market almost immediately.
“Overseas students, tourists and migrants often stay in multi-unit dwellings when they first arrive in the country.
“This trend was exacerbated by the shift in consumer preferences towards lower density housing,” he suggested.
With this boom in home building, the minimum number of homes required to make it onto this list rose from 108 to 125, the highest in the 28 years that the report has been released.
The top 100 builders grew their market share of the new home building market from 40 per cent last year to 44 per cent in 2020/21, suggesting that larger builders were able to expand their capacity to build faster than smaller builders.
The largest 100 residential builders increased revenue earned from home construction by 31 per cent to $31.7 billion in 2020/21.
Article Source: www.urban.com.au
Locals, Sydneysiders and Melburnians swoop on Esprit, S&S Projects Rainbow Bay apartments
Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney’s beaches and the intercity and fringe suburbs of Melbourne
It took just a weekend soft launch for the luxury developer S&S Projects to secure over half of the sales in its latest Gold Coast apartment development, Esprit.
Esprit, at 217-227 Boundary Street, in the sought-after Rainbow Bay location in Coolangatta, sold over half of the 97 apartments on offer in the two interconnected Cottee Parker-designed buildings.
No surprise in the quick-fire sales by KM Sales and Marketing agent Jayde Pezet given the location, the fact Esprit is crowned by Club Esprit, the Gold Coast’s first ever residents-only rooftop wellness centre, and the size of the apartments.
They range between 109 sqm and 128 sqm and start from $825,000.
The three-bedroom apartments, from 151 sqm to 215 sqm, start from $1,915,000 and top out at $3.7 million.
Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney’s beaches and the intercity and fringe suburbs of Melbourne.
S&S Projects boss Paul Gedoun said the demand for luxury pulsating across the southern Gold Coast.
“Esprit is a new luxury residential high-water mark for Rainbow Bay on so many levels and that has been validated by the extraordinary number of sales secured over the weekend,” Gedoun said.
“It is more than a breathtaking place to call home and these astute buyers have recognised and been drawn by its superb location, exceptional level of amenity and superiority of design.”
Gedoun describes Esprit as a project “born from Rainbow Bay’s natural incitement of a restorative lifestyle rooted in enjoyment”.
The rooftop wellness club, Club Esprit, will span more than 1,100 sqm and will feature every wellness and recreational amenity, dubbed as offering an elite-athlete standard of physical and mental rejuvenation.
There is set to be a fully equipped gym, yoga lawn, private remedial treatment room, ice bath, infrared sauna, steam rooms, 25-metre lap pool and poolside cabanas.
The wellness amenity is balanced by an expansive recreational space, including a children’s lawn with play equipment, a private dining room, private terraces, BBQ areas and an outdoor cinema.
“Not only are residents securing an immaculately designed home but essentially also a lifetime membership to one of the most impressive and exclusive wellness clubs to exist on the coast,” said Jayde Pezet of KM Sales and Marketing.
Esprit is S&S Projects’ third venture in the beachfront residential enclave and surfing mecca, following the success of the sellout of the $74 million Flow Residences up the road, as well as the nearby Awaken Residences.
Article Source: www.urban.com.au
Bensons appoint ICON to build luxury Chevron Island apartment tower, Chevron One
Chevron One, the luxury apartment tower on Chevron Island, is one step closer, as the Melbourne-based developer Bensons have appointed the well regarded and experienced construction firm, ICON, to build the 41-level building.
Construction will begin October 11 on what will be the only high-rise on the island, with the build expected to take just over three years to complete. Bensons are aiming for completion before Christmas 2024.
ICON are one of Australia and New Zealand’s largest and most experienced construction providers. Currently that have over 75 buildings under construction, including the sell-out Signature Broadbeach tower nearby.
They’ve previously built the modern Auckland apartment, retail and hotel tower, The Pacifica, and recently signed off on the luxury Circular Quay, Sydney apartment development, The Harrington Collection.
On the appointment, Bensons Property Group Managing Director Rick Curtis said “For us, it’s about selecting a builder who is able to not only execute our commitment to the design, quality and timely delivery of Chevron One, but one that can do so in a way that reflects our company mission to deliver exceptional living, whilst making a positive contribution to local communities”.
Luke Young, ICON Director of QLD, WA and NT, called Chevron One a landmark project for the Gold Coast.
“ICON are proud to be partnering with Bensons for the construction of the project of such significance. Bensons have an established reputation of developing high quality apartments, which is something that we pride ourselves on being able to offer,” Young said.
“We are excited to be underway.”
Chevron One is the vision of the Bensons chairman, philanthropist and art patron Elias Jreissati, who spends a considerable amount of time each year on the Gold Coast with his wife Colleen.
He wants to create an offering that epitomises understated luxury that Melbourne is accustomed to, combined with uninterrupted panoramic views over Surfers Paradise, all within an exclusive island location.
Bensons has just released their Daylight Sky Homes collection, occupying the upper levels of the tower, with the best, never-to-be-built-out views of Surfers Paradise. They start from $1.5 million, and range up to $15 million, the price tag for the huge 1,000 sqm sub penthouse.
They held back the apartments, but there has been such demand for luxury, larger apartments in the area.
Jreissati will be hanging on to the penthouse, the largest ever created on the Gold Coast spanning nearly 2,000 sqm.
Designed by global architecture practice Marchese Partners, Chevron One is built on the principle of a strong integration between indoor/outdoor living, with oversized balconies one of the key liveability factors.
There’s around 2,000 sqm of resident amenity, including two pools (one an outdoor lagoon style with a floating cinema and one indoor), an indoor/outdoor beach, a gym, a number of spas, a residents lounge with BBQ area and an outdoor sun-lounge on the podium level.
Article Source: www.urban.com.au
Final five apartments released in Chevron Island’s Allure as locals dominate sales
Over two thirds of the 90 sales so far have been to owner-occupiers, with 75 per cent of those being locals
The final five apartments in the sought-after Allure development on Chevron Island have been released to the market, at a time where the supply of new apartments is nearing record lows.
Each of the apartments left in the Macquarie York-developed, BDA Architect-designed building at 26-28 Dalpura Street, have three bedrooms and a multi-purpose room.
Macquarie York founder Roy Skaf said that the timing of launching Allure, which has netted over $72 million in sales, coincided with a demand for high-quality residences in the heart of the Gold Coast.
“Locals in particular have a strong awareness of Chevron Island’s distinctive charm, retaining a village-like atmosphere while being just moments from the vibrant coastal precinct just across the bridge.
“Allure has also captured the attention of savvy interstate buyers either looking to make a home for themselves surrounded by opulence, or those seeking a savvy investment opportunity in an area of incredible appeal.”
Over two thirds of the 90 sales so far have been to owner-occupiers, with 75 per cent of those being locals. The rest are southeners moving from New South Wales and Victoria to take up residence in the 17-level building.
Prices start from $1.1 million for the last release, and range to $1.3 million.
Allure is set to be one of the first developments completed on Chevron Island, which has recently seen a wave of new boutique developments hit the market and the Gold Coast City planning application portal.
Urbis’s Gold Coast Apartment Essentials report for Q2 revealed that just over four months supply of apartments remain if sales rates continue as they are, and no new projects are released.
The central Gold Coast precinct remains the epicentre of market demand, accounting for or more than half the total sales on the Gold Coast over the second quarter.
Construction of Allure is currently underway with completion expected early next year.
Macquarie York’s Gold Coast debut success of Allure has spurred plans for the developer to introduce its prestigious product to the southern Gold Coast, laying plans for an ultra- boutique collection of residences in Palm Beach.
Article Source: www.urban.com.au
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