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Over the past 12 years Thirdi Group has been very lucky to be included in a range of media & industry awards, recognised in how we combine traditional property development & investment strategies with in-house developed technologies.

We are proud of our innovative approach to property development and we believe it’s our simple philosophy of ‘Investing where Investments are being made’ that has helped our company secure its place as one of the fastest growing development firms within Australia.

Merewether Golf Club’s $120M Plan Gains Momentum 

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12th May, 2020

Merewether Golf Club’s $120M Plan Gains Momentum 

Merewether Golf Club is celebrating today.

The Newcastle-based club, located two hours north of Sydney between Adamstown and Merewether, has just been handed its site compatibility certificate for the development of an impressive, $120 million seniors’ living village.

The certificate – received after a unanimous decision from the Hunter and Central Coast Regional Planning Panel – provides the mechanism for future development consent to be obtained from Newcastle City Council across the site.

Merewether GC has teamed up with property developer Thirdi Group to envisage a project that looks to include: a new clubhouse; sports bar; pro shop & conference centre; as well as the provision for 148 serviced, self-care seniors’ living units and wellness centre, within a multi-story tower development with basement parking and associated facilities.

“We are absolutely thrilled with this outcome,” said Merewether Golf Club board member Aaron Spalding.

“We started this process close to four years ago and the SCC is the strongest indication yet our shared vision of a creating a world-class golfing facility and seniors’ living precinct is now on track to become a reality.”

Added Luke Berry from Thirdi Group: “These are the sorts of developments our community needs in a COVID-19 recovery, providing jobs during construction and importantly providing housing for those that have been identified as our most vulnerable during the crisis.

“We estimate that our project will create over 1,000 jobs in the region during construction and close to 100 ongoing jobs when the new club, facilities and seniors living village is operational.”

Merewether’s golf course was established in 1933 and currently features tight, tree-line fairways with strategic bunkers and numerous water hazards.

The club’s board has commissioned golf course architect James Wilcher, founder of Golf by Design, to provide course design assistance – and the following changes to the course would be made should the development go ahead …

  • Dismantle the existing 18th hole to cater for the proposed development.
  • Split the existing par-5 11th into a par-3 and a par-4.
  • Extend the existing 16th to become a dogleg left par-4
  • Consolidate the dam infrastructure … This is yet to be finalised but current considerations include: Additional dams proposed for the current 1st, 2nd and 8th holes; modifying the dams on the 14th, 15th and 16th holes.
  • Extend the existing 9th to become a par-5
  • Change the 7th and 8th from a par-4 and par-3 to become a par-3 and par-4 respectively.

Thirdi Group will now work with the golf club and its consultants to finalise its Development Application and lodge with Newcastle City Council later in May or June this year.

Further details of the multi-million dollar project – including draft designs – can be found by visiting the club’s website.

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MEREWETHER GOLF COURSE TO INCORPORATE SENIORS LIVING PRECINCT

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12th May, 2020

MEREWETHER GOLF COURSE TO INCORPORATE SENIORS LIVING PRECINCT

MEREWETHER GOLF COURSE TO INCORPORATE SENIORS LIVING PRECINCT

Merewether Golf Club has been given major development approval to create a senior living precinct within the golf course between Adamstown and Merewether.

The $120 million project includes the creation of 148 serviced, self-care seniors living units and wellness center, within a multi-story tower.

A new clubhouse will also be constructed with a new restaurant, sports bar, pro shop & conference centre.

The development is estimated to create more than a thousand jobs during construction.

100 ongoing jobs will also be created when the new club, facilities and seniors living village are operational.

Real estate developer Thirdi Group is partnering with the golf club with the development.

Director of Project Management, Robert Huxley said the developer is now looking forward to finalise its development application.

“We now look forward to working with Newcastle City Council… and deliver on
our promise to create one of the best Golf Clubs & Seniors Living precincts ever seen in the Newcastle & Hunter Region”.

Merewether Golf Club board member Aaron Spalding said they’ve been working on the project for close to 5 years.

“Not only will this development help secure our clubs future, it also paves the way for significant investment to take place in our course infrastructure and facilities.”

Reporter Tyson Cottrill will have more details tonight at 6.

Developers bypassing Sydney to spend their millions building in Newcastle

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3rd May, 2020

Developers bypassing Sydney to spend their millions building in Newcastle

Developers bypassing Sydney to spend their millions building in Newcastle

 

 

 

 

Read Article Here: https://www.domain.com.au/news/developers-bypassing-sydney-to-spend-their-millions-building-in-newcastle-952219/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos5&ref=pos1

Off-the-plan market showing signs of COVID-19 resilience

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30th April, 2020

Off-the-plan market showing signs of COVID-19 resilience

Off-the-plan market showing signs of COVID-19 resilience

The coronavirus crisis is making ripples in the property market, but surprisingly, the off-the-plan sector, so far, appears to be weathering the storm.  March data from realestate.com.au reveals a 6.8 per cent increase in searches for new homes compared to the same period last year, which chief economist, Nerida Conisbee, says is “surprising”.

COVID-19: What will happen to property prices in Australia?

“When this all started, I expected everything to go into freefall, but it seems to be far more robust than I expected,” she says.

Conisbee adds, the effects of the pandemic are complicated and there will be winners and losers.

“There seems to be a lot of blanket statements out there about what’s happening in the property market and how it’s all bad,” she says. “But the reality is, we’re seeing a lot of difference across Australia in terms of how property is being viewed. Some markets seem to be far worse impacted than others.”

Confidence rebounding

Search results for off-the-plan homes dipped through the latter half of March after social distancing restrictions kicked in, but even accounting for the drop in activity, the results are a positive indicator of the sector’s resilience.

Conisbee says the rebound in weekly search activity is in line with broader consumer sentiment data.

Man building

Searches for new homes are up year-on-year. Picture Getty

“ANZ released their consumer sentiment and that picked up as well last week,” she says.

“What I think is happening is people are obviously not feeling great, overall, about things. But there was a lot of stimulus announced last week. That third level announced by the government last week seems to have made people feel more confident.”

Buyers still active in Sydney

Metrics used to measure buyer engagement, interest and interaction with new home projects at realestate.com.au have also shown strength in many markets across the country, especially in Sydney.

Sydney house and land was showing a lot strength before the pandemic kicked in, but through March leads per listing in Sydney were up 35% for apartments and 66% per land estates, which Conisbee describes as “incredible.”

Sydney

Realestate.com.au data for new homes in Sydney has been robust. Picture: Getty

Director of sales and marketing at Thirdi Group, Luke Berry, says despite the challenges in the current market, his group is still planning to launch new projects, lodge Development Approvals and make sales in Sydney.

“If I was to compare this quarter to the same last year, we’re doing better, which is amazing with the corona cloud,” says Berry. “I think if you have good projects in good areas, they are always going to be supported.”

Gentry Alexandria

Gentry Alexandria recorded a $2.2 million sale last weekend. Picture: realestate.com.au/buy

Last weekend, a $2.2 million sale was made at Thirdi’s Gentry Alexandria project at 29-41 William Street in Alexandria. Berry says the project, which only has five apartments left, has conducted an average of 11 private tours over the past month with a similar number lined up for the next fortnight.

Berry adds, the property’s target market is owner-occupiers who are making long-term lifestyle-driven purchasers. He suggests this demographic is a bit more insulated to the financial impact of the crisis than other buying groups, such as investors.

“We’re in this weird little bubble where things aren’t too bad,” he says. “I’m definitely having to do deals, but I’m not compromising the value of the project. I think that’s a combination of timing, good luck and the right product,” he says.

Online engagement a key

The use of digital tools has been a key factor in off-the-plan projects continuing to appeal to buyers, according to Berry.

“We’ve had to innovate and really use our social media platforms,” he says. “We’re working really hard on video content and engaging with buyers through our site.”

Conisbee believes the sector’s embrace of digital tools, such as virtual inspections, are a factor in its relative strength compared to the established property market.

“Where developers have an edge is, when you’re selling a new home you’re selling something that doesn’t exist with great graphics, videos or 3D,” she says. “It’s very different to an existing home where people would typically come and walk around the property.”

 

 

 

https://www.realestate.com.au/news/off-the-plan-market-showing-signs-of-covid-19-resilience/

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