For the past 24 months, CFMG Capital have continued to focus on making strategic acquisitions of residential land projects in key growth areas to meet growing demand. Purchasing off market strategically placed parcels in areas such as Melton South (Melbourne), Edmondson Park (Sydney) and more recently Park Ridge, Logan Reserve and Morayfield (Brisbane) has allowed CFMG Capital to stay ‘ahead of the pack’ and enabled the business to create long term value for their investors.
Through these strategic acquisitions, CFMG Capital have been able to diligently ride the market upswing in recent years in both Sydney and Melbourne and have now shifted focus to South East Queensland as both price growth and sales volumes have begun to increase following the significant growth experienced in Sydney and Melbourne.
After blockbuster results in office developments and residential apartments, industry heavyweights such as Mirvac are reporting a similar trend. A recent article in the AFR noted that Mirvac will swing focus back to residential projects with a strategic shift in the mix of residential product from higher priced apartments to lower priced communities.
This strategic shift supports CFMG Capital’s strong focus on residential land sub-divisions and their key position in the broader Australian property market in the coming cycle. CFMG Capital are currently operating , or have completed land development projects in Brisbane, Sydney and Melbourne totalling over 1,700 lots with revenues in excess of $375 million. As a result of recent key acquisitions, CFMG Capital have in excess of 1,000 further lots, generating revenues exceeding $200 million either under development or in planning phase.