Land Reserve Update - September 2018

A really great update this month for the land reserve model.

Hope you can come and see me at the live events on the weekends.

For those that can't come along, here's a quick update on what's going on.

If you're involved in any of the previous projects or looking to get involved in our next project, there's some pretty exciting things happening right now.

Old Bar

Our first project that we were able to secure. It's only been about 18 months since we managed to secure it and we've already hit the uplift target ahead of time.

We've had coaches visiting the area over the last couple of months and there's a lot of excitement on everything that's happening in the area.

The developers are very focused on the short supply of land that is available in the region.

So much so, that we have a builder that's giving us the opportunity to have guaranteed sales on those blocks of land as they come to the market.

We will share more with you soon and at the live events.

Crest

We're now moving this project to operational works. Gordon's been working really hard behind the scenes.

The DA is approved and the next stage is to get it to operational work situation, which still should bring us in line with our goal of developing land in 2019.

Trent and Gordy visited there over the last few weeks and there's lots of excitement from local builders there as well.

We have two or three building companies that are wanting to commit to putting up display homes in that estate.

We're hoping to be able to give a big update in the next 60 days.

Highworth

The project is currently still in a due diligence phase.

We've been working with the council and a number of builders and had very positive feedback from them with lots of excitement in the Sunshine Coast area.

There's still a few tweaks left to be done. There were a number of obstacles to getting the project on track but we've overcome them and we're in the finalisation of the due diligence process.

More news on Highworth very soon.

New Project

We've been working on this one for almost 12 months and we're very excited about it.

While we can't reveal too much at this stage, our aim is to provide some more details on the project soon.

There's a little more work to be done in the next 60 days, but we can't wait to share more on this one as well.

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