CORONADA Investments has paid $4.8 million for a 2.23 hectare residential development site in Perth’s Alexander Heights. The Perth-based company paid $217 per square metre for the land which is zoned to include around 33 residential lots. The property, at 67 Goldworthy Entrance, was sold by a private landholder. Jones Lang LaSalle marketed the siteRead more
A MAJOR residential development site in Yanchep, a precinct of Perth once known as a weekend getaway destination, has hit the market for the second time in three years.
The 10,000 square metre block, divided into four titles, were purchased by boutique Perth developer Match for $13.2 million at the peak of Perth’s real estate market in 2007.
Colliers International’s head of department project residential, land marketing and tourism, Nick DiLello said the site may achieve that price again, now the market has recovered somewhat from the downturn.Read more
DEVELOPER Satterley has paid $94 million for a 104 hectare residential development site in its home town of Perth.
The land is able to yield 1200 lots, and is located in the city’s south-east.
“At a time when a land shortage is looming, this is a very important big picture buy,” Satterley founder Nigel Satterley told the AFR.
The new estate abuts Satterley’s Heron Park estate.Read more