Orens Capital Morning Tea: Navigating challenges and opportunities in Victoria’s greenfield market amid property cycles
On November 19, Orens Capital hosted its final event of the year, the Orens Capital Morning Tea, at the Park Hyatt Melbourne.
The event brought together industry leaders and stakeholders to explore the evolving landscape of Victoria’s greenfield market and the implications of the latest VPA policies. It served as a platform for discussing new policy changes, market trends, and potential strategies.
Orens Capital Morning Tea@Park Hyatt Melbourne
Peter Grant, National Managing Director at RPM Group, shared a comprehensive review of Victoria’s 2024 greenfield market and provided a forward-looking outlook for 2025. Grant’s overall view was that Victoria’s greenfield market is poised to emerge from the trough and remains severely undervalued compared to other states. With a potential interest rate adjustment in 2025, Grant predicted that improved affordability would significantly boost sales activities. In his presentation, Grant noted that the demand level for apartments appears low whilst the majority of the population continue to value land.
Peter Grant, National Managing Director at RPM Group
Nicola Smith, Founding Director of Niche Studio, provided insights into Victoria’s 10-year greenfield plan. She highlighted key features such as the newly introduced planning growth targets and the horizon-based PSP delivery, particularly the ‘Concierge Service,’ designed to streamline planning approvals and improve project efficiency. Despite challenges like rising construction costs and unpredictable interest rate movements, Smith expressed optimism about the much-needed clarity and structure brought to the planning process.
Nicola Smith, Founding Director of Niche Studio
Last but not least, Jimmy Zhang, Founder and CEO of Orens Capital, shared insights on practical strategies aimed at managing risks in land development. “Greenfield projects require a comprehensive understanding of the terrain, local planning policies, and ongoing assessment of potential risks,” Zhang explained. “Orens Capital addresses these challenges with a disciplined approach, focusing on projects evaluated through appropriate and rigorous due diligence and implementing structured strategies to mitigate risks and manage them effectively.” With trust at its core, Orens Capital collaborates with reputable companies across Australia, working closely with stakeholders to support and facilitate opportunities in greenfield land development across the country.
Jimmy Zhang, Founder and CEO of Orens Capital
We extend our gratitude to the speakers for their valuable insights and to all participants for their engagement. Orens Capital remains committed to fostering collaboration and sharing information to support informed discussions within the greenfield development sector.
Orens Capital Morning Tea Panel Discussion
To obtain a full copy of the presentation slides, please click here.
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Disclaimer: This is general information only and doesn’t take into account your personal objectives, financial situation, or needs. Investors should seek independent finance advice before making any investment decisions.