Tag: paramount private

Housing market to stabilise?

By Ericka Pingol | 29 Aug 2019

The much-anticipated stabilisation of new homes in the Western Australian property market is on the horizon, according to the Housing Industry Association (HIA).

Evidence indicates that the market is heading towards the supply of new homes meeting—rather than exceeding—demographic growth requirements.

The easing of market conditions had given rise to a situation where monetary and fiscal stimulus is possible without fear of overheating house prices, according to the association’s chief economist, Tim Reardon.

“If economic activity improves, the credit squeeze dissipates, home prices stabilise, and the recent stimulus measures take hold, the supply of new work into the pipeline will soon reach its low point. All indications are that this stabilisation will occur and prevent a more significant downturn,” Reardon said.

The HIA sees demand for new detached homes holding up with only a 9% contraction in starts over the year.

The apparent resilience is due to the lag between the sale and commencement of housing constructions, giving the impression that contemporary market conditions are stronger than is the case.

Meanwhile, the unit market continues to contract rapidly, with starts now 41.8% lower than last year. A further 12% decline is predicted for 2019-2020, before a gradual improvement in 2021-2022.

Despite the continued decline of apartments under construction, there is a silver lining in the form of a “convergence of conditions” within the building industry, according to Reardon.

“We no longer have a boom in east-coast capital cities and stagnating markets elsewhere. Interest rates, income taxes and lending restrictions have all been eased in an effort to support activity and economic growth. State and Australian government investment(s) in infrastructure are also important to support labour market growth. These measures are now supporting activity in housing markets across the economy,” he said.

Andrew Mackenzie, Estate Sales Manager at Paramount Private Estate Baldivis said, “we too are seeing positive signs in the market, with sales to date being much stronger than anticipated.”

Mr. Mackenzie also said, “Paramount represents amazing value for homebuyers.  At $172,000 for bigger, elevated 450sqm blocks and views to the hills, Paramount offered terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”

 

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.

BUY NOW BEFORE THE MARKET BOUNCES BACK!

Paramount Private Estate Baldivis offers 450sqm premium, elevated, family-sized blocks with views starting from as little as $172,000! This is an amazingly good value for larger sized lots, it’s no wonder why we’re selling so many!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au before they’re all sold out!

Kangaroos at Baldivis Estate Media Statement

Spatial Property Group (the Company; or Spatial) appreciates the matter of culling a ‘mob’ of kangaroos at its Paramount Estate in Baldivisi’s a sensitive issue for many people.

As an Australian company that’s based in Perth for many years, our people have grown up enjoying the outdoor lifestyle, from swimming at the beach in summer, to bushwalking and exploring many of our wonderful natural landscapes.

We absolutely understand the importance the kangaroo has in our culture and its proud heritage that is unique only to Australia.

Therefore this is not a statement to convince people against changing their beliefs, rather it’s structured to help educate people about the thorough process and work that have been undertaken to reach this environmental decision.

Timeline of key facts and milestones

1. In 2010 Spatial Property Group was appointed to manage the development of approximately 90ha of land in Baldivis about 40km south of Perth CBD

2. The land was historically a family farm that has reared a variety of animals from pigs, to chickens, cattle and even ostriches – it has always been privately owned

3. As part of the development process, a Fauna Management Plan (FMP) was required to ensure the integrity of the fauna would be reasonably maintained during construction

4. Since the project commenced a mob of approximately 100 kangaroos have moved to site due to development of the surrounding land as they were pushed off those properties

5. The FMP included a component to manage the kangaroos on site that they either be moved on or removed entirely to ensure the safety of workers and future residents

6. In early 2017, the original FMP was successfully completed and lodged with the relevant authorities, then Department of Environment and the City of Rockingham (CoR) to commenced stage-1 development

7. In the FMP the method agreed to manage the kangaroos was to slowly clear them by pushing them to the Baldivis Tramway nature corridor adjacent to the site to use as a migration corridor

8. However, during the stage-1 development we were advised by the CoR that they were no longer happy with the approach outlined in the FMP and they would not allow this to occur for any further stages of the development

9. We believe this decision may be as a result of one of the remaining kangaroos being hit by a car on the nearby Baldivis Road and causing a motor vehicle accident– after a meeting with CoR we were asked to address the situation and complied by erecting a temporary fence

The fence has ensured the kangaroos have remained on the site

-Almost 12 months later in early 2018, we agreed to produce an updated version of the FMP and therefore commissioned the expertise of kangaroo management, Perth-based Doctor Graham Thompson of Terrestrial Ecosystems

-Doctor Thompson is considered the preeminent and best Kangaroo management person in the State, he analysed the situation and produced a new recommendation on managing the kangaroos effectively in the updated FMP

-The recommendation was conducted in direct consultation with the approving authority the Department of Biodiversity, Conservation and Attraction(DBCA)

-Collectively, all parties agreed the most effective method would be to cull the kangaroos, as the ‘push them on’ or ‘dart and relocate’ scenarios both had several problems with conflicting territories, critical resource availability and low survival rates of the relocated animals

-The new recommendation was drafted and included in anupdated version of the FMP and was submitted and approved by the relevant authorities in October 2018

-To date the cull is yet to be carried out as the advice recommends the animals are put under duress in the hotter months of summer.

Conclusion

We understand the CoR and local community groups are seeking to have the animals relocated, however this defies independent and expert advice, in particular the detailed and rigorous process that has been adhered to and sanctioned by the government departments.

The advice received is that kangaroos that are darted, sedated and relocated, are likely to die a slow death due to starvation or to be easily predated upon by foxes, wild dogs, other kangaroo mobs, or to be killed on roads and tracks.

New twilight display home opening hours better for homebuyers

Retail shopping hours have changed for the better over the last few years to accommodate the busy lifestyles of most shoppers.  Instead of only one late night per week and no Sunday trading, shoppers can now access retailers nightly Monday to Friday and all weekend. The building industry is no different and has come to realise that the traditional 2-5pm opening times on Wed is no longer suitable for most home buyers.

Starting first week of January, builders will be opening their display homes on Wednesday’s from 4pm until 7pm, taking advantage of the summer evening light and weather and to accommodate homebuyers who are predominantly home in the evening.

It’s also a great way for homebuyers to experience the home as they would live in it.

The new twilight opening hours are expected to run through until Easter and all builders will be displaying the above logo in their advertising, social media and communications, which will notify homebuyers of the new display home opening hours.

Paramount Private Estate Baldivis is always open to homebuyers.  They can visit the Estate and call Andrew Mackenzie any time they choose, except for Christmas Day, of course!

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home  buyers that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.

Don’t miss out on this first release from Paramount Private Estate Baldivis! For more information please contact our friendly Estate Sales Manager, Andrew Mackenzie on (08) 6555 2060 or andrew@spatialproperty.com.au .

From the friendly team at Paramount Private estate Baldivis, we would like to wish you and your families a wonderful Christmas, an amazing New Year and a safe and happy holiday!

PREMIER Mark McGowan has this message for West Australians: buy a house now because the good times are coming back.

House price rise is on the cards says WA Premier Mark McGowan, as economy and confidence keeps improving.

Mr McGowan tipped a turnaround in the long-declining property market and a jolt to stagnant wages would follow hot on the heels of renewed business investment.

“It is actually a good time to buy (a house),” he said.  I would encourage people. Prices are low, yet economic activity is picking up and so that will inevitably be followed by (demand for) housing.

Exactly one year after The Sunday Times heralded early signs of life for WA’s stagnant economy, the results are in — and they are conclusive.

Data released on Friday showed the State’s domestic economy expanded 1.1 per cent in 2017-18, a remarkable turnaround after plummeting 7.1 per cent in 2016-17 and four consecutive years of decline.

Nearly every month this year has brought news of renewed activity in the mining sector.

Rio Tinto, Fortescue Metals Group and BHP have all announced new workforce-hungry iron ore projects and the State now boasts seven lithium mines, with a second $1 billion lithium processing plant on the way near Bunbury.

Mr McGowan said he had not felt more confident about WA’s economic prospects since sweeping to power early last year.

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Paramount Private Estate Baldivis – Construction Update July 13, 2018

Stage 1 Coming Soon

The long-awaited Stage 1 release of Paramount Private Estate Baldivis is almost here.

This first release from #Baldivis newest estate will feature 42 lots, ranging in size from 370sqm – 559sqm.

There will be something for everyone with a wide range of configurations, prices and sizes to suit everything from a big, #family #home with generous back yard to compact, low-maintenance lots ideal for those looking to #downsize or #firsthomebuyers wanting to get established in the #property market.

In the future you will see modern #townhouses, #apartments, an integrated #retirement village, a local #shopping centre and primary #school.  Stage 1 will be located just a stone’s throw away from a future #park and a short walk from 4ha of proposed future playing fields.  #ParamountBaldivis is perfectly positioned to enjoy the #outdoors, plus there’s a range of #shops, #entertainment options and #restaurants on your doorstep, all ready and waiting for you.

And if you have a few spare minutes, watch our most recent #drone video showing an amazing #engineering feat currently underway at #ParamountEstate #Baldivis.  We’ll be updating these monthly.

As part of the construction process, @SpatialPoperty Group and their partner @WormallCivil are undertaking a massive #earthmoving program to develop the site.  In excess of 300,000m3 of sand is being transported locally with the approval and help from authorities such as #CityofRockingham, #MainRoadsWA and #DepartmentofTransport to ensure the infrastructure being used will have little or no impact on the #local #Baldivis #community and its surrounding #environment.

@SpatialProperty Group adheres to the highest levels of #sustainable practices. As part of our approach to #sustainable development, we create #homesites, #services and spaces that are a natural reflection of their #environment.

The #parks, public open spaces and #bushland that will be developed and maintained at #ParamountBaldivis will ensure people of all ages will be able to enjoy their #lifestyle now and in #future generations.

Don’t miss out on this first release from Paramount Private Estate Baldivis! For more information please contact our friendly Estate Sales Manager, Andrew Mackenzie on (08) 6555 2060 or andrew@spatialproperty.com.au