Authors posts gretchen@thecollectiveco.com.au

GROUNDED INVESTMENT

Piblished: December 2, 2021 в 12:43 pm

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Category: Blog

Tips From a Developer When It Comes to Investing in Property

Investing in property can be an exciting and lucrative experience, although it may be a little daunting especially when you’re starting out…it doesn’t have to be. Property investments should grow your wealth and provide you with financial freedom and security for the future – that’s why property continually ranks as one of the leading investment opportunities for Australians.  

Our team has more than 60+ years combined experience in the property development industry, and we’re here to share our insights and recommendations for new and potential investors.

Plan ahead

Before investing in a property or any new development, you must have a detailed and distinct plan that is referenced consistently throughout the process. Having a solid foundation for your investment strategy will reduce stresses around the process. A few things to keep in mind when formulating your plan: 

  • Identify your financial goals and ensure they are realistic and achievable.
  • Measure all progress towards your goals.
  • Find different ways to maximise your financial additions through property.
  • Pinpoint the risks you didn’t know existed.

Know the market

This can be a bit of a testing task as the market is always fluctuating and very trend-based. Market knowledge takes time but when done correctly, it will allow you to have a sound understanding of your position. Having this awareness of the market can differentiate you from your competitors and can mean the difference between investing in a development site in a high-growth location or a site in a declining or stationary situation.

Undertake a feasibility study

As a potential investor, it is essential to have a thorough understanding of the property and site in detail. Completing a feasibility study will help you keep track of all your costs and lead times for completing the projects. Leave this one to the professionals as they will give you the important insights that you need to know before investing in property or big developments.

Budget for the extras

When you decide to invest in a property, it’s not just the deposit that you need to think about. There are ongoing property costs that must be considered, such as council rates, water rates, strata fees, maintenance and repairs, property management fees and a few minor extras here or there. Being able to budget properly will allow you to be as dynamic as you can be as a property investor.

Terra Ferma has delivered countless innovative designs and developments. If you are considering investing in property, talk to us.

GROUNDED DESIGN

Piblished: December 2, 2021 в 12:40 pm

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Category: Blog

Interior Design Trends for 2022

After a whirlwind two years of pandemics and lockdowns, work from home setups and spending more time at home, we are looking forward to the wholesome interior design trends coming in 2022. Here’s what to look out for in the year to come…

Craftmanship and treasured investments

As the world recognises the negative impact of fast fashion and shows a much stronger appreciation for handcrafted, locally-made pieces, people are now looking to style their home for a long time, not just while it’s ‘in-vogue’. 2022 will see homeowners and residents spending more on their interiors – on timeless, high-quality furniture and vintage pieces that add uniqueness to the space and tell a story.

Minimalism

Taking a minimalistic approach to design, and life, strengthens the livability of your space. Since the home office isn’t going away any time soon, minimalism is a great way to encourage an effortless transition from work to home.

Nature to nurture

Natural is timeless. Throughout 2022 we will see the re-emergence of natural materials, colour palates and elements that ignite connection. From sustainable timber finishes and stone embellishments to having more natural greenery within the home, bringing these natural pieces into the home adds movement and has a nurturing effect on residents and visitors alike.

Accentuations

To add depth and an edge to a living space that is minimalistic and natural, incorporate a strong accent such as black or gold touches. Stick to light and natural materials and colours for walls, floors, large furniture pieces, and incorporate a few little elements with your selected accent colour – door handles, side tables, lamps and decor.

Symmetry and structure

To evoke a sense of calm, tranquillity and peace in the home, stick with structured and symmetrical layouts, furniture and pieces. Slim lines in cabinetry and windows, geometric tiles and curved kitchen islands and feature walls will be seen in homes across the world next year.

GROUNDED WELLNESS

Piblished: December 2, 2021 в 12:37 pm

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Category: Blog

The Importance of Wellness Spaces in Residential and Commercial Buildings

Across the globe, people are spending more on health and wellness than ever before. The phenomenon has already captured the travel industry, taken over the workplace. Now there is a growing trend for wellness and mindful spaces in the home.

There is valued importance that these spaces bring to both commercial and residential buildings. Our new and upcoming residential and commercial projects are designed with intention, they are conceptualised and built around these wellbeing spaces that evoke senses of happiness, comfrot, relaxation and peace for our residents and the community.

“Our environment directly impacts and determines up to 80-90% of our health outcomes.”

Matthew J. Trowbridge, Sarah Gauche Pickell, Christopher R. Pyke, and Douglas P. Jutte

Having embraced the trend toward sustainability in business and buildings, developers and project planners now must begin to prioritise wellness spaces and elements within all future developments…and here’s why.

A younger influence

Mindfullness, healthy living, quality of life and general wellbeing is being driven by our younger generations. They are very aware of the impact of their environments on their mental and physical health. Looking at wellness hollistically, this group are searching for healthier, safer and positively energised environments in every aspect of their lives – from home to work, to where they eat, drink, play, relax and travel.

Millennials think, want and need in a different way to the generations past – they are savvy, tech-focused and very self-aware. This group spends more of their time on health and wellbeing than any other demographic globally. Having wellness spaces in your commercial or residential project plan will allow for both current business and future business success.

Working from home

The traditional workplace and office situation has changed. There’s no normal, no strict 9-5 and no need to spend so much time away from your own home anymore. With the rise of flexible working options and redefined workspaces, employees who have, and take up, the opportunity to work from home do so to prioritise their health, wellness and happiness. It is essential to provide built environments that accommodate this. Spaces with features such as calming muted colours, high quality air and lighting, potted plants, spas and fitness equipment, infrared saunas and meditation mats.

Increased profits for developers

Buyers would be willing to pay more (up to 30%) for real estate environments that supports their wellness wants and needs

Understanding Wellness: Opportunities & Impacts of the Wellness Economy for Regional Development Global Wellness Institute White Paper Series, September 201c

Developers and collaborators who actively prioritise wellness and are innovative in their delivery and communication of this reach a highly engaged market of buyers who are willing to spend more.

Simple additions

In Australia and New Zealand, buyers are not asking for anything outrageous. What they really want and feel would have a positive impact on their lives largely centres around living within walking distance to their favourite or most used services – shopping centres, public transport, gyms, walking paths, etc. Within the building, their needs are met with light, open spaces with natural lighting, access to wellness facilities such as spas, yoga and pilates studios, gyms and places they can buy organic fresh produce.

Healthier, more balanced lives

By 2050, it has been projected by the United Nations that 68% of the world’s population will be residents of a city centre. City living provides convenience, is fast-paced and intense. There are also higher levels of pollution which has been found to contribute to higher rates of mental illness in adults and children. Better designed wellness-optimised spaces that make use of natural materials and innovative technologies support longer and more balanced lives for residents and can have longterm positive effects on chronic illness.