MARKET REPORT Inner Brisbane Apartments
September Quarter 2016
25
12
11 23
28
NORTH OF
THE RIVER
67
9
22
10
18
5
20
26
6
16
27
8
29
24
17
CBD
2
38
21
44
1
14
4
37
19
41 58
7
42
3
34
47
63
59
13
56
15
64
33
60
39
36
62
35
48
51 52
SOUTH OF
THE RIVER
45
50
49
31
32
40
57
46
30
61
53
43
55
66
65
54
CBD
1 The Midtown
2 111 Quay Apartments
3 Mary Lane
4 Skytower
NORTH OF THE RIVER
5 The Baxter Apartments
6 The 28
7 Landmark
8 Mode
9 Pier at Waterfront
10 The Yards
11 Proximity
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Hercules
Illumina
Savoir Faire Residences
38 High Street
Utopia Space
The Johnson
Henley Towers
White Dawn
Newstead Central
Aura
Belise
Gallery House
The Winn
The Hudson at The Mill
Chester Apartments
27 Pure
28 Pinnacle
29 Night Edge
SOUTH OF THE RIVER
30 Empire
31 The Duke
32 Linton Apartments
33 Olympia on Russell
34 Brisbane Casino Towers
35 Southpoint
36 Light & Co
37 Spice
38 Affinity
39 Citro
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
The Mews
Basse
Ink
Lincoln on the Park
Linc
Virtuoso
Orion
Atlas
Allure Apartments
The Establishent
Habitat
St Julien Residences
Oxley & Stirling
Princess Regent
Oxy
55
56
57
58
59
60
61
62
63
64
65
66
67
Stone & Co
Black Fold
Boggo Road Stage 2
Brisbane 1
Skyneedle
Soko Waterfront
Cedar
Corde Residences
Lume
The Marc
Florence
Stoneham
Eastpark
1
OVERVIEW
Buyers continue to demand value and quality in the Brisbane apartment market.
However, Place Advisory expects that Inner Brisbane’s apartment market will remain
challenging for some larger scale projects.
• Other strong performers include Chester Apartments in
Newstead and Gallery House in Hamilton, recording 67 and
55 unconditional transactions respectively.
$1.2m+
$900,000 - $1.2m
$750,000 - $900,000
8%
$650,000 - $750,000
$350,000 to $450,000
1%
2%
22%
14%
SALES BY
PRICE POINT
SEPTEMBER QTR
2016
$550,000 - $650,000
26%
27%
$450,000 - $550,000
The Inner Brisbane apartment market has undergone a significant
transformation over the past six months. Off the plan sales
momentum has softened across the market influencing the results
recorded in the September 2016 Quarter.
However, despite overall market sentiment, the Inner Brisbane
apartment market still recorded a total of 542 unconditional
transactions during the September 2016 quarter, in line with long
term, ten year averages. This is a 17% increase from the June
quarter’s sales results, but still a shade on September 2015 with a
61% softening through the past 12 months. The weighted average
sale price recovered, increasing by 5% over the three month
period to $617,297.
As Inner Brisbane adjusts to the next property cycle, Place
Advisory expects these levels of transactions to remain consistent
in the short term.
Place Advisory has summarised the sales results for the
September 2016 quarter in the following points.
SUMMARY OF THE SEPTEMBER 2016 QUARTER
• Inner Brisbane’s off the plan apartment market recorded 542
unconditional transactions over the September 2016 quarter,
totalling almost $335 million worth of apartment sales.
• There are currently 71 projects being sold off the plan within
the precinct, six of which were released during the September
quarter. These projects, which included Gallery House, Chester
Apartments, The 28, Aura, The Mews and Oxy, added an
additional 755 apartments to the market.
• Two bedroom apartments accounted for the majority of
unconditional transactions, representing 57% of sales for
the period. This was followed by one bedroom apartments,
accounting for 37% of transactions. Three bedroom apartment
sales represented just 4% of transactions, whilst the remaining
2% of total sales were sub-penthouse and penthouse apartments.
• The majority of transactions that occurred during the
September quarter were priced between $450,000 and
$550,000, representing 27% of sales. This was closely
followed by the $550,000 to $650,000 price bracket,
accounting for 26% of transactions. A further 22% of total sales
occurred within the $350,000 to $450,000 price bracket.
• Once again, the South of the River precinct saw the highest
number of off the plan apartment sales, achieving 282
unconditional transactions. The North of the River precinct
recorded a further 212 sales, whilst the Brisbane CBD saw
just 48 unconditional apartment transactions occur.
Buyers continue to demand value and quality in the Brisbane
apartment market. As apartment supply stabilises and demand
for well appointed and well located apartments with a high level
of amenity strengthens, we will see two very different apartment
markets begin to materialise. Higher end owner occupier
apartments will separate themselves from the wider market, and
although sales will occur at a slower overall rate, this will create
a different style of purchaser and end user, adding an extra
dimension to the Brisbane market.
Place Advisory expects that Inner Brisbane’s apartment market
will remain challenging for some larger scale projects. The market
recalibration will create similar sales results as seen through the
past six months. It must however be reiterated, that although these
levels of sales are considerably lower than volumes recorded
12 months ago, they are in line with the long term ten year average.
For a more detailed review on Inner Brisbane’s future development
pipeline, please turn to Section 5.
PENTHOUSE/SUB-PENTHOUSE
2%
THREE BED
14%
• A weighted average sale price of $617,297 was recorded, an
increase of 5% from the June 2016 quarter. This is indicative of
a slight change in product mix across the market, resulting in
higher sale prices.
• The Mews, located in Woolloongabba, was the top performer
for the quarter, recording 110 unconditional transactions.
32%
REMAINING
FOR SALE
SEPTEMBER QTR
2016
TWO BED
52%
ONE BED
2
CBD
The Brisbane CBD recorded 48 unconditional transactions across four separate projects,
totalling almost $30 million worth of apartment sales.
Off the plan apartment sales in the Brisbane CBD doubled
during the September 2016 quarter, recording 48 unconditional
transactions. With no new projects being released throughout the
quarter, the CBD precinct continues to sell down available stock.
48
A weighted average sale price of $612,500 was recorded for
the quarter, a softening of 26% from the previous quarter. This
represents an increase in the levels of cheaper investment stock
that transacted during the period. Skytower recorded the highest
levels of unconditional transactions across the CBD market during
the September 2016 quarter, recording a total of 37 sales.
The majority of transactions that occurred within the CBD precinct
were in one bedroom configurations, accounting for 71% of
total sales. Two bedroom configurations represented 19% of
transactions, whilst three bedroom configurations made up the
remaining 10%.
Just 323 out of 1,544 off the plan apartments remain for sale
across the Brisbane CBD’s four projects, which include The
Midtown, 111 Quay Apartments, Skytower and Mary Lane.
The majority of remaining stock for sale over these four
developments is made up of two bedroom apartments, accounting
for 42%. This is followed by one and three bedroom configurations,
each representing 27% of available stock. Sub-penthouses and
penthouse apartments make up the remaining 4%.
The Brisbane CBD remains to be the most limited precinct in terms
of new projects, buying opportunities and residential supply.
unconditional
transactions;
weighted
average price
$612,500
Suburb
Status
Total Units
Sold to Date
Available
for Sale
Sold September
2016 Qtr
The Midtown
CBD
Completed
144
126
18
0
111 Quay Apartments
CBD
Completed
78
74
4
6
Skytower
CBD
Under Construction
1,138
930
208
37
Mary Lane
CBD
Under Construction
Development
CBD PRECINCT TOTALS
184
91
93
5
1,544
1,221
323
48
3
NORTH OF THE RIVER
The North of the River off the plan apartment market, which spans 27 actively selling projects,
recorded 212 unconditional apartment sales for the September 2016 quarter. This reflects a
slight decline in comparison to the June quarter, which recorded 219 transactions.
A high weighted average sale price of $702,476 was recorded
for the quarter, reflecting 18.8% price growth over the previous
quarter. This is the strongest weighted average price across Inner
Brisbane’s off the plan apartment market, indicating the precinct
saw higher end transactions occur throughout the period.
The North of the River precinct recorded a high number of
two bedroom transactions, representing 58% of total sales for
the quarter. This was followed by one bedroom apartments,
accounting for 37% of total transactions. Three bedroom
apartments represented 3% of transactions, whilst the remaining
2% were sub-penthouse and penthouse apartments.
The North of the River precinct saw four projects enter the sales cycle.
These include Gallery House, Chester Apartments, The 28 and Aura.
Chester apartments, located in Newstead and Gallery House,
located in Hamilton, recorded the highest number of transactions
for the quarter, recording 67 and 55 unconditional sales
respectively.
860 out of 4,321 apartments currently remain for sale across
the precinct. Of these apartments which remain for sale, 51%
are in two bedroom configurations, followed by one bedroom
configurations, accounting for 36% of remaining stock. A further
11% are in three bedroom configurations, whilst the remaining 2%
of stock are sub-penthouse and penthouse apartments.
Pinnacle Apartments have now sold out and will be removed from
future reports.
Sold to Date
Available for
Sale
Sold September
2016 Qtr
99
95
4
3
228
219
9
0
140
81
59
0
Completed
164
164
0
2
Hamilton
Under Construction
126
116
10
0
North Yards
Bowen Hills
Under Construction
208
207
1
0
South Yards
Bowen Hills
Under Construction
182
180
2
0
Newstead Central - Laguna
Newstead
Under Construction
189
168
21
1
Newstead Central - St Tropez
Newstead
Under Construction
231
226
5
0
Newstead Central - Capri
Newstead
Under Construction
207
168
39
9
Mode
Newstead
Under Construction
157
139
18
0
Hercules
Hamilton
Under Construction
228
226
2
0
Pure
Spring Hill
Under Construction
93
82
11
0
The Johnson
Spring Hill
Completed
193
183
10
1
Baxter St Apartments
Fortitude Valley
Under Construction
56
35
21
6
Henley Towers
Fortitude Valley
Awaiting Construction
301
209
92
38
Utopia Space
Fortitude Valley
Awaiting Construction
300
233
67
2
The Winn
Fortitude Valley
Under Construction
63
55
8
3
38 High St
Toowong
Under Construction
136
114
22
0
Savoir Faire Residences II
Milton
Under Construction
65
53
12
1
Landmark
Toowong
Under Construction
119
111
8
7
White Dawn
Toowong
Awaiting Construction
60
43
17
0
Illumina
Toowong
Under Construction
221
167
54
0
Gallery House - Stage 1
Hamilton
Awaiting Construction
164
55
109
55
Chester Apartments
Newstead
Awaiting Construction
170
115
55
67
The 28
Fortitude Valley
Awaiting Construction
139
9
130
9
Aura
Milton
Awaiting Construction
82
8
74
8
4,321
3,461
860
212
Development
Suburb
Status
Pier at Waterfront
Newstead
Completed
Belise
Bowen Hills
Under Construction
The Hudson at The Mill
Albion
Under Construction
Pinnacle Apartments
Hamilton
Proximity
NORTH OF THE RIVER TOTALS
Total Units
212 unconditional transactions; weighted average price $702,476
4
SOUTH OF THE RIVER
The South of the River apartment market was the strongest selling precinct during
the September 2016 quarter, representing 52% of Inner Brisbane’s off the plan
apartment sales for the period.
282 unconditional transactions were recorded across 40 projects.
This reflects 28% growth in sales volumes over the previous three
month period. A weighted average sale price of $554,078 was
recorded for the September 2016 quarter, reflecting very little change
from the June 2016 quarter previously.
The South of the River precinct saw a high number of two bedroom
transactions, totalling 63% of the period’s sales. This was followed
by one bedroom configurations, accounting for 32% of the quarter’s
transactions, whilst the remaining 5% of transactions were three
bedroom apartments.
September 2016 saw just two new projects enter the sales
cycle in the South of the River precinct. These include The Mews,
located in Woolloongabba and Oxy, located in Greenslopes.
The Mews, developed by Pellicano, was the top performing project for
the September 2016 quarter, recording a total of 110 unconditional
transactions.
As at 30 September 2016, 1,251 out of 5,030 remained for sale
across the precinct. The majority of remaining apartments are in two
bedroom configurations, representing 55% of stock. This is followed
by one bedroom configurations, accounting for a further 31%. Three
bedroom apartments account for just 13%, whilst sub-penthouse and
penthouse configurations represent 1% of available apartment stock.
Two projects have now sold out and will be removed from future
reports. These include Orion and Stone & Co.
Total Units
Sold to Date
Available
for Sale
Sold September
2016 Qtr
Under Construction
221
214
7
0
Under Construction
196
192
4
1
South Brisbane
Completed
68
52
16
1
Habitat
West End
Under Construction
150
149
1
2
Spice Apartments
South Brisbane
Completed
274
267
7
6
Citro
West End
Under Construction
106
65
41
0
Light & Co - Radiance
West End
Completed
139
119
20
4
Light & Co - Illuminate
West End
Completed
90
56
34
0
INK
West End
Under Construction
107
87
20
0
Olympia on Russell
South Brisbane
Under Construction
65
62
3
1
Brisbane Casino Towers
South Brisbane
Under Construction
378
371
7
1
Virtuoso
West End
Awaiting Construction
77
40
37
7
St Julien Residences
South Brisbane
Awaiting Construction
80
79
1
0
Black Fold
West End
Under Construction
40
38
2
0
Oxley and Stirling
South Brisbane
Under Construction
218
215
3
0
Brisbane 1
South Brisbane
Awaiting Construction
578
261
317
0
Skyneedle Stage 1
South Brisbane
Awaiting Construction
110
81
29
7
Empire
Woolloongabba
Completed
44
43
1
0
Princess Regent
Woolloongabba
Under Construction
78
30
48
9
Atlas
South Brisbane
Awaiting Construction
210
189
21
28
Soko Waterfront Apartments
West End
Under Construction
120
66
54
2
Allure Apartments
West End
Under Construction
53
33
20
1
Linc
Kangaroo Point
Completed
45
42
3
0
Affinity
Kangaroo Point
Completed
44
33
11
0
Orion
Coorparoo
Completed
186
186
0
9
Stone & Co
Greenslopes
Under Construction
53
53
0
1
The Establishment
Kangaroo Point
Under Construction
105
101
4
7
Cedar
Greenslopes
Under Construction
61
56
5
2
Corde Residences
East Brisbane
Under Construction
60
42
18
9
Lume
Kangaroo Point
Awaiting Construction
119
53
66
12
The Marc
Kangaroo Point
Under Construction
69
48
21
1
Boggo Road Stage 2
Dutton Park
Awaiting Construction
79
49
30
0
Linton Apartments
Kangaroo Point
Under Construction
144
94
50
0
Lincoln on the Park
Greenslopes
Under Construction
93
39
54
3
The Duke
Kangaroo Point
Under Construction
125
70
55
15
Eastpark (Stage 1)
Bulimba
Under Construction
39
18
21
7
Stoneham
Greenslopes
Awaiting Construction
99
30
69
9
Florence
Greenslopes
Awaiting Construction
107
32
75
13
The Mews
Woolloongabba
Awaiting Construction
140
110
30
110
Oxy
Greenslopes
Awaiting Construction
60
14
46
14
5,030
3,779
1,251
282
Development
Suburb
Status
Emporium Residences & Emporium Apartments
South Brisbane
Southpoint - The Apartments
South Brisbane
Basse
SOUTH OF THE RIVER TOTALS
5
SITE SALES AND
FUTURE PIPELINE
Place Advisory has analysed all residential development applications within the
Inner Brisbane precinct with a development value over $10 million or which
contain greater than 30 apartments.
The following points summarise the approval changes for Inner
Brisbane apartment sites over the September 2016 quarter.
Brisbane’s Inner Ring projects have been categorised by their
various stages of planning. These stages include development
application, development approval and deferred projects. The
September 2016 quarter saw Inner Brisbane’s apartment pipeline
increase by 5.9%, bringing the total figure to approximately 24,633
apartments across 111 projects. These projects are currently in
the planning stages and the likelihood of all 111 projects making it
into the market place at the same rate as seen in previous years is
expected to soften.
The September 2016 quarter recorded similar results in all stages
of the development pipeline as seen in the June 2016 quarter.
With a large number of projects entering the sales cycle, the total
number of approved apartments, not currently under construction or
being actively sold, now totals approximately 41% of all apartments
planned in Inner Brisbane’s development pipeline.
However, when compared to the corresponding period 12
months prior, the development pipeline has changed dramatically.
Development Applications to the Brisbane City Council have
declined by 15% over the past 12 month period, currently
accounting for just 26% of the total pipeline. Meanwhile, deferred
projects have increased substantially. Over the past 12 month
period, deferred projects have increased from 19% in the
September 2015 quarter to 33% in the September 2016 quarter.
This increase in the number of deferred projects over the past
12 months can be attributed to various changing economic
conditions. These include tighter lending policies for both developers
and purchasers, higher construction prices, softening sales rates
and restrictive policies for foreign investors.
The majority of apartment stock in Inner Brisbane’s development
pipeline is in two bedroom configurations, accounting for 50%
of total stock. This is closely followed by one bedroom
configurations, representing 44% of stock. Three bedroom
apartment configurations account for just 6% of total stock in
Inner Brisbane’s apartment pipeline.
The South of the River precinct retains the majority of planned
apartments across Inner Brisbane, totalling 10,291 potential
apartments. These apartments remain centred predominately
around South Brisbane, Woolloongabba and West End.
FUTURE SUPPLY PIPELINE - Stock Type
44
1 BED
50
2 BED
6
%
Prepared by Place Advisory. Source BCI Construction.
3 BED
FUTURE SUPPLY PIPELINE - Stage of Development
26
41
APPLICATION
APPROVED
DEFERRED
33
Prepared by Place Advisory. Source BCI Construction.
Inner Brisbane’s development pipeline has changed
dramatically over the past 12 months
%
6
SPECIAL REPORT
New vs Old - Inner Brisbane’s Apartment Resales
Place Advisory’s annual report on Inner Brisbane’s
apartment resales provides insight into how each market
has performed over the past ten years.
By separating each apartment sale into two categories, new or
old, we can determine how they have performed and which is the
better investment. An apartment resale is defined as a sale that
occurs after the initial sale of an apartment within a development.
•
Price growth for resold apartments has outpaced that of new
apartments, with resold apartments experiencing 4.0% price
growth per annum over the past ten years, whereas new
apartments have experienced 3.1% price growth per annum.
Place Advisory has analysed Inner Brisbane’s new and resold
apartments over the past ten years and we have summarised
our findings in the following points.
•
Over the past five years, with the exception of the most
recent 12 month period, the ratio of old to new apartment
sales in Inner Brisbane have been relatively similar. This is due
to the record levels of off the plan apartment stock available.
•
The most recent 12 month period ending June 2016
has seen new apartment sales decrease considerably as
a result of numerous influential issues across the wider
economic market.
•
•
As shown in the graph below, the most recent six month
period ending June 2016 saw resold apartments record a
median sale price of $445,000, whereas new apartments
recorded a median sale price of $535,000.
Over the past ten years ending June 2016, apartments that
have been resold in Inner Brisbane have been, on average,
17% more affordable than new apartments.
INNER BRISBANE APARTMENTS: RESALES VS NEW TRANSACTIONS
$700,000
4,000
Resale Number of Sales
New Number of Sales
Resale Median Sale Price
New Median Sale Price
3,500
$600,000
$535,000
3,000
$500,000
$445,000
2,000
$300,000
1,500
$200,000
1,000
$100,000
500
-
$2006
JUN
2006
DEC
2007
JUN
2007
DEC
2008
JUN
2008
DEC
2009
JUN
2009
DEC
2010
JUN
2010
DEC
2011
JUN
Period
2011
DEC
2012
JUN
2012
DEC
2013
JUN
2013
DEC
2014
JUN
2014
DEC
2015
JUN
2015
DEC
2016
JUN
Prepared by Place Advisory. Source RP Data
Number of Sales
Median Sale Price
2,500
$400,000
Top Resale Performers - Past 12 Months
It is widely known that the Inner Brisbane property market has softened since
the GFC. Average capital growth peaked at 10.5% during the six month period
ending June 2008. Capital growth has since experienced several consecutive
periods of decline, reaching a low point during the June 2016 six month period
at 2.6%. Over the past ten years, average capital growth has been recorded at
5.6% per annum.
The table on the right summarises the top ten suburbs within Brisbane’s Inner
Ring that have achieved the strongest capital growth for resales over the past
12 month period ending June 2016. Located on the Brisbane River and just
3.5 kilometres from the Brisbane CBD, New Farm has outperformed the wider
market and has achieved the highest average capital growth of 5.6% over
the past 12 months. Highgate Hill and Hawthorne also achieved high capital
growth, averaging 5.0% and 4.9% price growth respectively.
TOP TEN SUBURBS – PAST 12 MONTHS
Suburb
Capital Growth
1. New Farm
5.6%
2. Highgate Hill
5.0%
3. Hawthorne
4.9%
4. Coorparoo
4.4%
5. Herston
4.2%
6. Auchenflower
4.0%
7. Paddington
3.9%
8. Greenslopes
3.7%
9. East Brisbane
3.6%
10. Newstead
3.6%
Prepared by Place Advisory. Source RP Data
TOP SUBURB FOR
TOP SUBURB FOR
TOP SUBURB FOR
CAPITAL GROWTH
MEDIAN PRICE
HOLDING PERIOD
NEW FARM
NEWSTEAD
ST LUCIA
5.6%
$853,500
11 Years
TOP BUILDING FOR
TOP BUILDING FOR
TOP BUILDING FOR
CAPITAL GROWTH
MEDIAN PRICE
HOLDING PERIOD
THE PAVILION ON BROOKES
CUTTERS LANDING
ST LUCIA GARDENS
21.1%
$2,315,000
17.6 Years
TOP HIGH-RISE BUILDING FOR
TOP MID-RISE BUILDING FOR
TOP LOW-RISE BUILDING FOR
CAPITAL GROWTH
CAPITAL GROWTH
CAPITAL GROWTH
ADMIRALTY QUAYS
THE PAVILION ON BROOKES
GIGI LODGE
8.2%
21.1%
11.8%
An intimate knowledge of potential
buyers and the marketplace can
minimise risk and give your development
the edge over competitors.
At Place Projects, we understand the importance of ongoing
market research. In fact, we have our own full-time researchers,
so we’re able to retain and have easy access to all of the
information we gather. We know that by providing our clients
with accurate, up-to-date research, it ensures they can make
informed, financially sound business decisions. It enables us to
identify opportunities for our clients, provide advice on choosing
the very best site and create the optimal package for each project.
We can then make qualified recommendations on the product
mix, positioning, design, finishes and even price. Access to such
comprehensive buyer information also helps us pick early market
trends. We believe that our in-depth local market knowledge
can help you develop a product that will yield greater returns,
experience faster sales and achieve the best financial result.
The Place Project Marketing Team is led by some of the most
experienced and high achieving sales consultants in the industry.
LACHLAN WALKER
BRUCE GODDARD
SYD WALKER
As a Place Researcher, Lachlan’s role is
to gather both internal and external market
intelligence to gain a comprehensive
understanding of residential projects and
provide product specific advice to our clients.
Bruce Goddard has a reputation as a
prominent leader in the field of Residential
Project Marketing, which has led to
numerous major appointments for some of
Australia’s most prominent institutions and
banks.
After a successful career in marketing rural
commodities, Syd moved into Real Estate
and Project Marketing on the Sunshine
Coast in 1992 before a move to Brisbane
in 2010.
This reduces the associated risk and
provides the information necessary for them
to make an informed decision.
He has worked closely with a number of
developers, from site conception through
to product delivery. Lachlan has also
provided professional consultancy and
advisory services to leading property clients,
including Valad Property Group, Lend Lease,
Australand, Stockland, Laing O’Rourke,
Kenlynn Properties Australia, Anthony John
Group, FKP, Leighton Properties and Devine.
Lachlan Walker
M: 0438 710 888
E: [email protected]
As licensee of Place Projects, Place
now holds appointments for a number
of Brisbane’s major residential projects,
supplying advisory, sales and marketing
services to various Public as well as smaller
Private Companies. Often sought after by
property developers through reputation,
Bruce’s offices have been involved in the
setting, marketing and selling of numerous
residential projects. Bruce was also
recognised by the REIQ as Queensland’s
Agent of the Year in 1994. Bruce’s Project
Marketing career spanning over
25 years has resulted in sales in
excess of $1 Billion dollars.
Bruce Goddard
M: 0418 185 209
E: [email protected]
Over a 20 year period Syd has been
involved in site acquisitions, project
consultancy and the sale of a number
of landmark residential and mixed use
buildings. During this period his agency
has won the prestigious REIQ Sunshine
Coast Real Estate agency of the year,
seen his staff take out awards for REIQ
salesperson of the year and the Sunshine
Coast business employee of the year.
At Place Projects Syd is responsible for
managing project sales teams, identifying
new project opportunities and servicing
various investment channels throughout
Australia. Syd works closely with the
management team in project marketing to
meet developers required rates of sale and
the overarching project objectives.
Syd Walker
M: 0418 710 888
E: [email protected]
07 3107 9223
[email protected]
placeprojects.com.au
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