10 developers to watch in VIC in 2021
Knowing the developer and their projects is an important step in preparing to purchase an off-the-plan property.
But, navigating through pages of reviews on past projects – on top of the already exhausting task of searching for a home – might seem daunting to some first home buyers.
While every first home buyer has different needs for their home, they all want one thing: to have complete trust in the developer.
Buying from a developer with a track record and long-term commitment to delivering quality projects is the best way to do this.
To help, Urban takes a look at ten developers operating in Victoria that you should know about.
Establishing a strong presence in Melbourne over the last 17 years, Caydon Property’s portfolio boasts many major landmark developments in the Victorian capital.
Privately owned, the group has focused on enriching communities with their contemporary apartments, commercial spaces, retail outlets and luxury hotels.
As one to watch, Caydon has ensured a continual pipeline of projects with developments, all of which sit within 10-kilometres from the CBD.
Caydon currently has over $1.5 billion worth of developments established across Melbourne and the US, with past projects including Focus on Mason, Ivanhoe and Due North.
Their latest project in Alphington, HOME by Caydon, boasts 324 residences in one, two and three-bedroom configurations, designed by Caydon’s in-house design team.
2. DealCorp
Since its beginnings in Melbourne in 1984, DealCorp has gone on to complete over 50 projects across the retail, residential and commercial sectors.
DealCorp offers high-quality, considered projects, creating dynamic, innovative and timeless properties, with current projects including Eclipse Townhomes and Polaris 3083.
As one to watch in 2021, Urban has identified the group’s potential with many projects in planning over the new year. Awarded the development rights to Ormand Station in 2015, interested buyers are expecting the plans unveiling the residences above the station to be revealed soon.
Other projects by DealCorp includes their McKinnon project MCKN, comprising five levels of spacious, high-quality apartments. Two-bedroom apartments in the project are listed from $682,500.
3. Stockland
As one of Australia’s largest diversified real estate groups with $15.2 billion in real estate assets, Stockland has earned their place as an Urban must-watch.
Stockland aims to make thriving communities for growing families, first-home buyers, empty-nesters and everyone in between. 105 families move into a Stockland home every week.
Across Australia, the development group has 51 residential communities and with more in the pipeline, Urban is expecting big sales as first-home buyers choose suburbia’s green spaces over city-living.
The group’s dedication to sustainability has also made them one to watch. Although overtaken on the Dow Jones Sustainability Index as the most sustainable real estate group after five consecutive years, Stockland continues to pave the way for setting new benchmarks in sustainable developments and environmental management.
Among their current projects includes Altona North’s Haven Townhomes and the Terraces at Minta in Berwick.
Perfectly located just 11km from Melbourne’s CBD, Stockland's Haven offers a collection of boutique townhomes, designed in collaboration with award-winning SJB Architect.
4. ID_Land
A newer Melbourne-based developer, ID_Land was founded in 2009 with a diverse development pipeline in excess of $2 billion.
“With experience in all forms of residential development, we offer a proven track record of managing the successful delivery of communities of varied scale and complexity”, director Matthew Belford said.
With an array of successful residential developments, ID_Land has been earmarked as one to watch this year with the upcoming projects including Canvas, Yarraville Place and The Walter.
Situated in a prime inner-north location, The Walter offers residents unparalleled access to amenities, with features including expansive glazing, high ceilings and modern interiors.
ID_Land also have Port Lane, a new townhouse development in Port Melbourne. The coastal community will see prices starting from $995,000 for the three bedroom townhouses designed by Rothelowman.
With over 95 years’ heritage in Australia, Singapore-based Frasers Property operates across residential, retail, commercial and industrial property markets.
Off the success of their sold-out past projects within Victoria, including Flourish Parkside and Reside Carlton, Urban expects another big year for the developer.
Designed by DKO Architecture, Frasers’ award-winning development, Burwood Brickworks, offers sustainable townhomes and apartments with a commitment to the environment.
Last November, Frasers Property was won two awards in the Global Real Estate Sustainability Benchmark (GRESB) rankings, named the ‘global development sector leader – residential’ and the ‘global non-listed sector leader – diversified office/industrial’.
CEO Anthony Boyd said the rankings were a reflection of the company’s consideration of environmental, social and financial sustainability in all its operations.
6. BHC Property
Specialising in luxury townhomes and multi-residential projects within the Melbourne property market, Urban expects 2021 to be a big year for BHC Property.
Renowned for their family-style developments boasting a sense of community and quality, BHC projects are marked by superb locations and distinct designs.
Amongst their past projects are the sold-out Box Hill townhomes, Carrington Hill, and Parkfield in Noble Park.
Other projects in the pipeline include 1975, offering three and four-bedroom homes that are configured across multiple levels at 1975 Malvern Road in Malvern East.
7. Mirvac
With an unmatched reputation for delivering quality products in the residential development sector, Mirvac has become a leading Australian property group. Founded in 1972, the company has close to 50 years’ experience making it a trustworthy developer of your new property.
Mirvac is known for their delivery of upfront amenity, diversified product range and quality design. The group delivered in excess of 2,500 lot settlements with a record level of apartment settlements at the end of last financial year.
As one to watch, potential buyers and investors should keep an eye on Mirvac’s many residential developments, including Tullamore, a 47-hectare development in the sought-after suburb of Doncaster.
Located 13-kilometres from Melbourne’s CBD, Tullamore is set to offer the soon-to-be-completed Folia stage, which will see 102 one, two and three-bedroom residences across five and seven floors. Folia is expected to reach completion in April 2021.
An Australian property developer based in Melbourne, Beulah International have expanded into global operations with significant projects including Ivanhoe’s Hallmark and Fawkner House in South Yarra.
From thoughtfully considered individual experiences to city-defining mixed-use developments, Beulah is known for their transformative spaces an progressive design approach.
As one to watch, Beulah have cemented their place as a developer to watch with the successful sell-out of Gardenhill and their engagement on high-profile projects, including the proposed Southbank by Beulah.
Southbank, a dual skyscraper designed by UNStudio and Cox Architecture, will host the Southern Hemisphere’s tallest building upon its completion. Construction on the project is expected to begin this year after securing approval from planning minister Richard Wynne last April.
Milieu Property is a boutique development company focused on “creating spaces of positive influence, both inside and out.” Inspired by Melbourne, the group’s projects are informed by their surrounds and designed to respond to their context.
Based in Collingwood, the group have secured their place as a must-watch with approximately $300 million of projects under development.
Just over 10 years old, the company has made their mark on the Victorian capital with developments including Nth FITZROY, Brunswick East and Breese Street.
Brunswick East is a set of 48 apartments in the heart of Melbourne’s inner north. This project will be a collaboration with Fieldwork Architects and Foolscap Studio.
10. Riverlee
Based in Melbourne and established in 1993, Riverlee is a privately-owned property group specialising in development. The family business has delivered over $2.5 billion of urban land and master-planned communities, commercial office, residential, and hotel developments.
With a track record to contributing to the economic growth of Victoria, Riverlee is a trustworthy developer with a reputation built on its integrity and determination.
Existing projects of note include Jaques at Richmond, their 370 Docklands Drive development and Tarneit residential estate, The Heartlands.
To watch this year is the group’s Seafarers project on the Yarra River, awarded silver at last year’s Melbourne Design Awards. Seafarers offers a limited collection of 123 impeccably-crafted riverfront residences.
Designed by Fender Katsalidis, Seafarers will boast private dining rooms, 24-concierge and valet, swimming pool and sweeping Yarra River and park views.