UDIA Delivering the missing middle 17 October 2019 About Cedar - - PowerPoint PPT Presentation

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Feb 27, 2023 156 likes •413 views

UDIA Delivering the missing middle 17 October 2019 About Cedar Woods: Purpose & Vision Purpose Geography To create long term value for our shareholders through the development of vibrant communities Vision To be the best Australian

SLIDE 1

UDIA – Delivering the missing middle

17 October 2019

SLIDE 2

About Cedar Woods: Purpose & Vision

Geography Price Point

Purpose

To create long term value for our shareholders through the development of vibrant communities

Vision

To be the best Australian property company known for performance & quality

SLIDE 3

About Cedar Woods: Our Strategy

To grow & develop our national project portfolio, diversified by geography, product type & price point, so that it continues to hold broad customer appeal & performs well in a range of market conditions.

Geography Price Point

SLIDE 4

Our Portfolio: Summary

Price Point

9,600+ lots / dwellings / units 4 states - VIC, WA, SA, QLD Land estates, townhouses,

apartments & commercial projects

One third, are townhouses or

apartments (3000)

34 developments High amenity locations & often

next to train stations

Projects positioned as quality

developments within their respective markets

Fletcher’s Slip, SA

SLIDE 5

Our Portfolio: Our Built Form Credentials

Price Point

Fletcher’s Slip

Project State

No. of

Dwellings Dwelling Type Glenside SA 1,000 Townhouses/Apts Fletcher’s Slip SA 500 Townhouses/Apts Aria WA 33 Apartments Nautilus WA 66 Apartments The Jetty WA 16 Apartments Waterline WA 19 Apartments Realm VIC 78 Townhouses Banbury Village VIC 430 Townhouses/Apts St A VIC 250 + Townhouses/Apts Jackson Green VIC 450 Townhouses/Apts Williams Landing VIC 600 + Townhouses/Apts Wooloowin VIC 179 Townhouses/Apts

Newton, VIC St A, VIC Banbury Village, VIC Lincoln, VIC Nautilus, WA Jackson Green, VIC

SLIDE 6

Case Study: Glenside, SA

Geography

17ha, 3km from CBD  Purchased from State High end inner eastern

suburbs

Picturesque setting -

amongst heritage buildings & mature trees

Largest single townhouse /

apt project in Adelaide

$25.8m; 1000 dwellings

SLIDE 7

Glenside: Site Photos

Geography Price Point

SLIDE 8

Glenside: Masterplan

Geography Price Point

1000 dwellings  220 townhouses 780 apartments - 2

buildings

8 to 10 yr project life 29.5% open space 4,000 enquiries pre

launch

SLIDE 9

Glenside Townhouses

SLIDE 10

Glenside Townhouses

SLIDE 11

Glenside's Botanica Apartments

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Glenside: Buyer Profiles

Geography

Buyer Profile % Motivation

First home buyer 23%

Grew up in area; can't afford traditional home; want to

wn not rent.

Investor 15%

Seeking high performing, blue-chip location with strong rental demand.

Downsizer 39%

Suburb that's familiar to them; new & smaller product.

Upgrader 23%

New & low maintenance.

SLIDE 13

Case Study: Jackson Green, VIC

Geography

6.5 ha Former

pharmaceuticals manufacturing site

Paid $25m 20km from

Melbourne CBD

Close to 2 train

stations

Close to

university & hospital

SLIDE 14

Jackson Green: Masterplan

Geography

551 dwellings Overall density of 88 / ha 151 townhouses 400 apartments Townhouses achieve a 6.5

star energy rating

Apartments achieving

around 7 star energy rating

Shortlisted for Excellence

Awards

SLIDE 15

Jackson Green Townhouses

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Jackson Green Townhouses

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Jackson Green Apartments

SLIDE 18

Jackson Green Apartments

SLIDE 19

Jackson Green: Buyer Profiles

Geography

Buyer Profile % Motivation First home buyer 29% Motivated to own their own property Investor 52% High rental demand due to university & hospital Downsizer 3% Familiar suburb & to purchase new Upgrader 16% Better quality housing, closer to city

SLIDE 20

Perth: Context & Opportunities

Geography

Fewer regenerating

industrial areas than bigger cities

Government disposals Market Led Proposals

(MLP)

Infrastructure Demographic shift -

increased single person households

SLIDE 21

Perth: Context of the opportunity

Geography

State/Territory % of all apartments in Australia % of all occupied private dwellings in state

New South Wales 47.2 20.7 Victoria 22.8 12.3 Queensland 17.4 11.8 South Australia 3.8 6.8 Western Australia 4.7 6.1 Tasmania 1.0 6.0

Source: ABS

SLIDE 22

Product Innovation: Outer urban Perth demand for density

Geography

Byford Estate Builder: JWH Group 8 x 150sqm lots

(that were 300sqm)

2 brm, single gge $260,000 Bought by single

person households

SLIDE 23

Perth: Obstacles & Challenges

Geography

Market conditions Affordability Vocal minorities against

development

Authorities Foreign buyer tax Stamp Duty

Realm, VIC

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