Metro Property Development

Metro Property
Development/
Land Developer
Metro Property Development is the perfect fusion between extensive
experience and unmatched passion and vision for the future.
Luke Hartman
David Devine
Ken Woodley
Founded by two of Australia’s most famous and respected property developers, David Devine and Ken Woodley,
Metro is led by Managing Director and CEO, Luke Hartman. The combined knowledge and foresight of
these three men will see Metro become Australia’s leading independent property developer.
Following the belief that affordability should not mean a compromise on quality, each and
every Metro project is conceived and delivered to provide buyers with the very best property
solutions at an affordable price. Metro’s core business is in identifying, planning,
developing and marketing projects of the highest calibre in Australia’s most sought
after locations. Through exceptional planning, intense assessment processes, and by
ensuring all of our projects are located close to transport nodes, we create the best
possible environment to achieve maximum returns for investors.
Metro is already leading the way with high quality, yet affordable apartments, on
transport oriented developments, with in excess of 1400 apartments
to be constructed.
David Devine
After 27 years in the property development industry,
David Devine’s name has become synonymous with
exceptional quality and professionalism.
David is best known for founding and successfully managing Devine Limited, an
Australian Stock Exchange (ASX: DVN) company, that by 2010 had delivered more than
17,000 house and land packages around Australia as well as more than $1 billion worth of
inner city apartment and commercial projects.
He is famous for helping thousands of Australians secure their first home
without the need for deposit, this lead to:
• Devine being number one with the first home buyers market within Australia for years.
• Devine being number three with the HIA largest home builders within Australia.
• More than 20,000 Homes being constructed by Devine around Australia.
David left Devine Limited in early 2010 to establish Metro Property Group, the parent company of Creation Homes.
Creation Homes
Setting new standards in design, buyer appeal, customer service and quality,
Creation Homes is the turnkey house and land arm of Metro Property and
is powered by some of Australia’s most experienced developers.
Creation Homes goals are straightforward:
• Value for money
• Great communication with our clients
• Excellent time-frame performances
• Quality in both design and built form
Investment in state-of-the-art software ensures a level of service,
communication and construction logistics never seen before in
residential development.
Each Creation Homes package:
• Is 6-star energy rated
• Comes with free independent quality inspection
• Comes with Full Turnkey Inclusions
Creation has in place agreements to build in excess of 600 dwellings for
recognised national developers such as Australand and Peet & Co.
Creation Homes majority shareholder is Metro Property Developments.
Australian Economic Fundamentals
• Population 22 million, growing at 1.5% per annum.
• Net international migration - one person every 3 minutes and 5 seconds
• Low unemployment at 4.9%
• Abundant agricultural and mineral resources underpinning record terms of trade
• Huge pipeline of resources investment inti Australia
• Strong and stable banking system - no bank collapsed during Global Financial Crisis
• One of the few countries to maintain positive economic growth through the Global Financial Crisis
Melbourne
- Population Explosion
• Population growth is the strongest driver of demand for residential property
• Melbourne’s outer suburbs are the strongest growth area in Victoria
• Melbourne’s population just over 4 million people and growing at average
79,280 per annum
605,411
This is how much Melbourne has grown by in the past 9 years.
City’s population explosion
Tim Colebatch - The Age, Melbourne April 1, 2011
Melbourne’s outer suburbs are growing faster than any other area in Australia, part of a
record-breaking trend that has seen Melbourne’s population closing the gap on Sydney.
The city’s outer suburbs are leaving coastal Queensland and Western Australia’s mining
towns in their dust, as more than 1000 people a week pour into Melbourne’s fringe.
Melbournethe fundamentals for
long term growth
• Strong population growth
• Temperate climate
• Politically stable western democracy, governed by the rule of law
• Rigorous planning and construction standards,
protecting your investment
• Prosperous, educated population with high rates of employment
• Well established secondary market of local citizens and
international migration
“Melbourne’s residential market:
Very positive, long term fundamentals offer unprecedented development
and investment opportunities. For the whole community, developers,
investors and financiers, the future prospects have never looked better.”
Scott Keck, Executive Chairman Charter Keck Cramer In The Asian Executive, 2011
“A breath
of fresh air”
Woodlands Edge at Wallan is an
exceptional new development that
offers new homebuyers a real ‘breath of
fresh air’ in more ways than one. As well as being
bordered on one side by hectares of woodland that add
to the exhilaratingly fresh feel of country air, Woodlands
Edge will provide a fresh approach to community
development.
The Woodlands Edge community is being specially
developed to suit the lifestyles of families that are attracted to
wonderful natural surroundings and a wealth of recreational
opportunities. Its hallmarks will be its sensitivity to the
environment and promotion of a healthy lifestyle.
If you are looking for a fresh residential start in an
inspiring location, Woodlands Edge offers plenty of
very affordable blocks in a boutique, close-knit
community that will form a distinct new part
of Wallan close to established schools,
shopping and public transport.
Developed by Metro Property Developments
Rowes Lane
Master Plan
Taylors Lane
rn HWY
Northe
ay
9
Fr
Darraw
eit Roa
d
an
Pret t y Sally Driv
e
9
k li n Close
14
Budd
Av
enu
e
Rou
lst
on
W
William St
Wallan Primary School
2
10 Wallan Bowling Club
Wallan Secondary School
11 Proposed Retail Centre
3
Wallan Medical Centre
12 Proposed Primary School
4
Shopping Centre
13 Proposed Catholic School
5
Coles Supermarket
6
Wellington Street Pre-School
14 Retirement Village
(under construction)
7
Wellington Street Pre-School - Betinick Campus
15 Post Office
8
Mediq Medical Centre
16 Wallan Library
9
Picnic Area
17 Eltham Kids College
Y
W
eH
m
Hu
Dr
King Street
ive
6
ive
Dr
4
9
5
reet
2
Duke Street
Watson
Street
al Drive
7
Wallan
Community
Pa
Commerci
3
Queen St
rk
10
9
17
Wallan W
ate
et
8
15
Wallan
Recreation
Reserve
Hu
m
eH
W
Y
Watson St
re
16
Windham Street
9
1
Northern HWY
reet
Wellington Stree
t
Queen St
Stanley Street
am
illi
Raglan Street
or
Dudley Street
Win
ds
King Street
Ki
ng
W
Rowes Lan
e
reet
1
12
13
d
evar
oul
B
rs
11
Wallan
Station
Wallan
-Whittle
sea Stre
et
Why Wallan
1. Demographic change indicators suggest that
Wallan has attracted young families to the area,
with a high share of population between 0 and 14
years (at 29% compared to 19.8% for metropolitan Melbourne).
2. Wallan has experienced a significant population
growth in recent years. Over the past 5 years, Wallan’s
population has grown by 50%.
$310 K
RENT v OWN
POPULATION
305,000
$300 K
Median House Price
$290 K
$280 K
$270 K
$260 K
260,000
252,000
$250 K
Purchasing 64.7%
248,000
$240 K
242,000
2007
2008
2009
2010
2011
1242
15-65 years 65.7%
4366
Own 22.3%
427
Under 15 years 29%
1926
Rent Private 12.5%
239
Over 65 years 5.3%
350
Rent Government 0.4%
8
Other 0.2%
3
Total: 6642
Source: Australian Bureau of Statistics, Census 2006
Location
Wallan is being rapidly transformed from a
small, old country town to a booming hub for
young families keen to combine a healthy rural
lifestyle with easy access to city workplaces and
urban resources.
Just one visit will show you what is attracting
so many young families and couples. Only 45
minutes from the centre of Melbourne by car or
train, Wallan is right beside the Northern Highway
just before it feeds into the Hume Highway. Craigieburn
is less than 7 minutes away. From the Kilmore and District
Hospital combined with a new multi-level medical centre
proposed in the inner township, everything you need is within
easy reach. Other established facilities within close proximity to
Woodlands Edge include:
•
Wallan Train Station
•
Wallan Primary and Secondary School
•
Westfield Shopping Centre
•
Coles Supermarket
•
Wellington Street Pre-School
•
Mediq Medical Centre
•
Wallan Bowling Club
•
•
Eltham Kids College Childcare Centre
The immediate area provides serene walking tracks, bike trails,
family gathering areas and horse riding.
Wallan
Wallan is currently experience a strong population
growth and accordingly many proposed services and
amenities are proposed/under construction for the
area, including the following:
• Proposed Retail Centre
• Proposed Primary School
• Proposed Catholic Secondary School
• Multilevel Medical Centre to be situated in the
township centre
• Retirement Village (under construction)
Inclusions
Preliminary Works
• Survey, soil test and site inspections
• Building permit application fees
• Drafting of standing customer plans
• Temporary fencing & scaffolding during construction as required
• Geo-fabric sediment control & waste receptacle as required
by local council during construction
Site Works
• Earthworks including levelling of building platform
over home area and rock excavation where required
• Retaining walls to base of site cut/fill if required
• Stormwater and sewer drainage to legal point of discharge
and sewer connection point respectively
• Connection to mains power supply including conduit and cabling for
underground connection of single phase electricity to meter box and
electricity supply charge during construction
• Connection of underground gas and water supply including metering
External Works
• Fencing to rear & partial side boundaries (not previously fenced) with return
panels to side of home and one hinged single gate as per estate covenants and/or
guidelines.
• Concrete driveway from garage to property boundary
• Concrete front entry porch and path from porch to
driveway
• Landscaping to front yard including drought
tolerant turf, soil and seed to nature strip, garden
beds with 10 plants & 3 trees and jarrah edging
to gardens (plant species is season dependant)
• Rear landscaping including turf to yard,
shaped & mulched garden beds with jarrah
edging, Lilydale (or equivalent) toppings to
sides of house and children’s play area
of soft cut mulch
• Letterbox with street number
• Wall mounted folding clothesline from
builder’s range
• Two external garden taps
• Termite treatment system to the perimeter of the
concrete slab & all slab penetrations if required by
local council
Electrical
• Earth leakage electrical safety switch to lights and power points
• Smoke detectors as required by authorities
• Double power points throughout
• 2 TV points with quad shield coaxial cable
connected to TV antenna
• Two telephone points including trenching ready for network connection
by the purchaser
• Ceiling exhaust fans to bathroom and ensuite
• Fixed batten lights with diconical acrylic shades throughout
Joinery & Finishes
• Feature front door and timber entry door frame
• Deadlocks to all external hinged doors & garage/house internal hinged
access door where applicable
• Flush panel & painted internal doors
• Chrome level style internal door furniture
• Cushion door stops to all hinged doors
• Built in linen cupboard with four melamine, easy clean shelves
• 67 x 12mm splayed profile painted skirting & architrave
• WIR or built in robes to bedroom one and built in robes with sliding
vinyl finish doors to all other bedrooms
• 75mm cove cornice throughout
• Quality acrylic paint to all walls and ceilings (industry standard two
coat system)
• Ceramic floor files to wet areas, entry foyer and kitchen
• First quality carpet with underlay from builder’s range to non-tiled
areas including aluminium edge strip to carpet/tiled junctions
Inclusions
Kitchen, Bathrooms & Laundry
• Fully laminated kitchen with square edged bench tops and overhead cabinets
• Stainless steel 1 ½ bowl sink
• Chrome lever mixer tap to kitchen sink
• Stainless steel 600mm gas cook top
• Stainless steel fan forced electric oven
• Stainless steel 600mm fully retractable range hood
• Stainless steel dishwasher
• 45 litre stainless steel laundry trough with cabinet
• WELS 3 start rated dual flush toilet suites
• Acrylic bath in tiled podium
• Semi frameless, clear safety glass ‘pivot’ shower screens
• Fully laminated vanity unit with square edged bench top & vitreous china basin to ensuite &
bathroom
• Polished edge & frameless mirror over vanity units
• Chrome finish towel rails, toilet roll holders & soap dishes to all bathrooms and toilets
• Chrome finish tap ware throughout
Fixtures & Features
• 6 star energy rating
• Professionally prepared multiple interior and exterior colour schemes
• Three months maintenance warranty
• Engineer certified concrete slab, designed to suit site classification as recommended by
AS2870-1990
• Prefabricated wall frames and engineer designed roof trusses –
Wind Velocity Classification N1 as per AS 1684
• Power coated aluminium windows from builders colour range with keyed alike window locks
and keyed locks to all external patio sliding doors
• Obscure glazing to bathroom, ensuite & WC windows
• Colorbond valleys, fascia & guttering from standard range
• Colorbond downpipes
• Concrete roof tiles from builders standard range, standard roof pitch 22 degrees
• Colorbond sectional or roller door (façade specific) with auto opener & three hand held transmitters to all front façade garage
doors
• External wall insulation minimum R1.5 (includes sisalation and wall batts)
• Ceiling insulation to living areas (excludes garage, verandas, porch etc.) minimum R2.5 batts
• Flyscreens to all opening windows
• Energy efficient, gas boosted solar hot water unit
• Gas central heating to all bedrooms and living areas (ducted via ceiling) excluding wet areas
• Programmable thermostat to central heating unit
• Blinds to bedrooms, sidelights, living areas and kitchen (if applicable)
*Note: Builder has the right to substitute product for a new product of similar quality and value.
Contract & Progress Payment
Contract & Progress payment structure for House and Land
All purchases at Creation Homes will be made on a split contract structure. A split contract is where the purchaser
signs two contracts, one for land and one for the house.
Land Contract – the land contract is a traditional real estate contract, where there is:1. A deposit required on contract signing off 5% / 10%.
2. A finance clause that states when the purchaser must have finance in place.
3. A settlement date on the land contract, that will be a certain number of days from the date upon which the
develops solicitors advise the purchaser’s representatives that the plan of subdivision is registered and the titles
have issued. Settlement occurs on the nominated settlement date, and the title of the lot is transferred to the
purchaser’s name.
House Contract – the house contract is a Housing Industry Association (HIA) issued contract with
amendments. It is signed at the same time as the land contract. It has:1. A requirement for signing in full on a number of pages, and initials on all pages.
2. All drawings and specifications must be signed as well
3. There is a requirement for a deposit to be paid on contract signing of 5% of the contract
price
4. On completion of certain stages, progress payments need to be made to the
builder in the following manner
a. Slab Completion 10% (of the contract price)
b. Frame Completion 20%
c. Lock up Completion 35%
d. Fix out completion 20%
e. Final 10%
*The purchaser understands that due to planning approvals they are unable to make changes to the
plans, both internally and externally.
Progress Payment Structure
This is an easy process as the purchaser’s lender will have structured the loan to
match this payment process; it works in the following manner:
1. Creation Homes completes the relevant stage (5 stages in total)
2. Each stage is inspected and approved by a building surveyor
3. Creation Homes then issues a progress claim invoices to the client.
4. The client approves payment and sends to their bank to payment
5. The bank makes the payment direct to Creation Homes, from the already approved
building loan.
6. This process occurs within 7 days
FAQ
Q: Is the Landscaping included?
A: Yes, landscaping to the front, rear and sides.
Q: Is the driveway included?
A: Yes, driveways are included.
Q: Is fencing included?
A: Yes, fencing is included to the side and rear of the property. Fencing
requirements are in line with the planning and design guidelines for
the development.
Q: Can I make changes to the Façade, look & colours?
A: No, our design team went to extensive lengths to ensure that
each façade is unique to each home and has been designed
to meet the stringent guidelines of the development.
Market trends, quality and affordability are also taken
into consideration during the design process – ultimately
offering you a quality finish at the right price. It also may be
a requirement under the planning permit, that changes cannot be
made on products.
Q: Can I make changes to the plan?
A: No, your home has been designed to meet planning and developer guidelines. We
also consider factors such as maximising the design in order to maximise returns for
the investor and therefore, increase the enjoyment of the occupier.
Q: Can I visit the site during construction?
A: No, there is no need for you to visit! To ensure peace of mind we out source independent inspections and
reports by a qualified building inspector during construction. We will also keep you informed with progress
with emails throughout the building process. For workplace health and safety reasons we advise against visits.
When we have received your certificate of occupancy you will have the opportunity to visit the site with a Creation
Homes Representative where we will present your new property to you.
Q: I would like to do the painting of the inside myself. Am I able to do that?
A: No. Creation Homes stands by their reputation for workmanship and quality and also ensures our on-site trade’s people are
experienced and qualified. This ensures that your certificate of occupancy is granted and your build quality is up to standard. Coupled
with our buying power, we are able to provide a first rate finish at a reasonable cost.
Q: Will my new property meet all building standards and requirements?
A: Yes it sure will. Your property has been designed to meet Victorian Building Standards and will be constructed to meet the Victorian Building Codes and Practices.
Q: What does ‘Turn Key Product’ mean?
A: Your home comes complete! No need to worry about extra money for driveways or fencing or landscaping. By referring to our extensive inclusions list you can see it’s just
a matter of turning the keys and moving in the furniture.
Q: Is this a fixed price contract?
A: Yes, the contract you sign is the price you pay; you won’t be charged with additional hidden costs.
L4, 484 St Kilda Road, Melbourne VIC 3004
PO Box 7131 St Kilda Road VIC 8004
T. 03 9867 3781