The Next Collective – be a partner in our next property development

2017 March 4
by Tim Riley

Interested in joining a joint venture property development project? We are looking for partners to be part of our next collective.

Next Collective - JV development opportunity

We are currently looking for joint venture partners for 5-8 townhouse projects in the inner suburbs of Melbourne. Our vision is to create developments with architectural and environmental integrity that deliver real financial and social capital for all members of the collective. We want to create a rewarding shared experiences and an end product that we can all be proud of. To achieve this we want partners that are committed to sharing, to openness and collaboration. From a financial perspective each partner in the next collective would require:

  • Capital or equity contribution of between $250-$300k spread over the 2.5-3 year life of the project. The exact amount will depend on the location of the site we secure and the scale of the project.
  • Ability to service a mortgage of around $550k-$650k at completion of the project – partners will need to service take out finance secured against their individual townhouse as these funds will be used to settle the construction loan.

We will be targeting a project with individual townhouse end values in the range of $900k-$1.2m. Our experience is in joint venture infill developments of between 5 and 8 units. We are currently working on projects in Northcote, Thornbury, West Melbourne & North Melbourne. Our most recent completed project is a 4 townhouse  project in Northcote.

Find out more

To find out more about the Next Collective, including the locations we will be targeting, forecast timing, the financial parameters and more detailed information on how the joint venture is structured and how it will be managed, complete the form below to express your interest and receive a copy of our The Next Collective information pack.

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Collective # 7 – StKilda project launch

2017 February 27
by Tim Riley

It’s taken a little while for us to secure a site south of the river, but we are very pleased to announce the launch of our latest project at 60 Barkly Street St Kilda.

For the second year running (last Christmas we bought 11-17 Ireland Street West Melbourne) we managed to purchase a site just before Christmas. So while everyone was winding down for the holidays we were busy kicking off our seventh collaborative development.

Situated on the eastern side of Barkly Street before the dip toward the Inkerman St and Grey St intersection, the elevated nature of the 655m2 site will afford bay views to the south from the upper storeys overlooking St Kilda and Elwood.  The property also abuts an upgraded public park on Waterloo Street which added to the appeal.

Our strategy is to develop 7 x 3 bedroom three storey townhouses on the property. A task we anticipate will be made slightly easier by an existing permit for 16 apartments over 3 levels which was approved with over 80% site coverage.

If you are interested there is still an opportunity to join this project.

Please contact me on 0407 846 965 or tim@propertycollectives.com.au to find out more.

Barkly image

Collective # 6 launches – Union Street Brunswick

2017 January 16
by Tim Riley

I’m pleased to announce the launch of our sixth townhouse joint venture with the purchase in July last year of 2 Union Street Brunswick, only 50 metres from Sydney Road with Jewel train station a little over 150m away.

Our newest collective purchased the 365 m2 property at auction and our strategy is to build 6 dwellings on the site, five four level 3-bedroom townhouses on the property and a three level residence with ground floor office on Union Street. The five rear townhouses will all be on compact circa 50 sqm lots over four levels with 3 beds, 2 baths and 1 car park.

The site has laneway right of ways along the eastern and northern boundary, which will make for great access and light, but also give the site a bit of a gritty Dickensian context, with views to the rear of the old red brick Victorian shops along Sydney Road and the tops of the Brunswick Uniting Church spires further up Sydney Road.

The property came with plans and permits for 10 small apartments and ground floor retail. We have started the process of re-designing the scheme and are planning to lodge our new application in February.

Union Street - Early concept - north east elevation

Union Street Brunswick: Early concept – north east elevation

While this project already has its full complement of partners, if you are interested in finding out about upcoming projects please feel free to get in touch.

From Berlin to Melbourne: Residents Shaping their Cities – Assemble Papers

2016 October 25
by Tim Riley

Our friends at Assemble Papers recently launched their sixth print issue, Future Local.

This issue includes a great piece by urban designer & planner Katherine Sundermann. Katherine looks at the Nightingale and Property Collectives development models, the benefits that alternative development models can deliver to residents and the wider community and the parallels to Germany’s baugruppen.

At some point I’d like to spend some time looking at why it is Melbourne, and in particularly why the inner north of Melbourne, that has been the fertile ground for the emergence of these alternative forms of development. I’d include WestWyck and Urban Coop in this list as well. There must be something about Melbourne’s culture, its property market and its water that makes it the nation’s capital for deliberative development. A great research piece for a keen undergrad or post-grad student…!

Please click here to read the article

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The Gardiner Street Collective: North Melbourne 8 townhouse project launches

2016 August 3
by Tim Riley

I’m very excited to announce the launch of our fifth townhouse joint venture with the purchase in May of 6-10 Gardiner Street North Melbourne.

Our newest collective purchased the 425m2 site off-market with an 18 month settlement period. Our plan is to build eight four level 3-bedroom townhouses on the property.

The site is three blocks from the Vic Market and bounded on the south by Gardiner Street, on the west by St Andrews St and on the east by Warwick St. The great access means we will pursue a scheme with on grade car parking and the 14m height limit means that, similar to our Ireland St project, the townhouses will all be on compact circa 50 sqm lots over four levels with 3 beds, 2 baths, 1 car park and a roof deck.

While this project already has its full complement of partners, if you are interested in finding out about upcoming projects please feel free to get in touch.

IMG_8067_Gardiner St

IMG_8065_Gardiner St

IMG_8066_Gardiner St

The Strettle Street Collective: final design for Thornbury 6 townhouse project

2016 February 17
by Tim Riley

Our project near Merri Creek in Thornbury features six double-storey townhouses of around 130 sqm of living. Measuring around 1430 sqm with a 20 metre frontage and 70 metre length, the most exciting thing about the site is its elevated position. Sitting close to the top of McComas Hill with a east – west orientation, the site has sweeping views to the south towards the city.

16_05_16_strettle_Final Roof render

The Pillar+Post design responds to the site context and client brief in a number of ways.

The collective wanted roof decks to ensure the Merri Creek parkland and city views are optimised. To keep the dwellings within the height limit, maximise views and prevent overlooking, Pillar+Post nestled the roof decks within the skillion roof lines of the rear dwellings and the front dwelling which features a quarter hip roof line to maintain neighbourhood character to the street.

The buildings themselves have been designed with an eye to simplicity in construction. The modern box-like rectangular forms are softened by not only the selection of recycled cream clinkers in a nod to the numerous 1930s- 1950s clinker brick dwellings in the area, but the use of intricate brickwork patterning on the east and west elevations. The brickwork patterning provides visual interest and a segue to the perforated brick wall on the front unit, which provides this dwelling with secluded private open space and a seemless integration with it’s front garden.

Architectural horizontal timber screening to the north and south elevations provide a practical and sculptural solution to overlooking and shading, while the site’s east-west orientation has allowed us to provide generous courtyards to maximise northern private open space and enhance the amenity of the ground floor living spaces.

Advertising is due to commence within a fortnight. We have worked extensively with Darebin City Council to ensure we responded to their issues so we now hope the community gives us some positive feedback to the application.

The Ireland Street Collective: West Melbourne 8 townhouse syndicate launches

2016 January 31
by Tim Riley

In August 2015 our fourth property syndicate formed and on Christmas eve we received an early present in the form 11-17 Ireland Street West Melbourne.

Measuring 409m2 the site is a north facing warehouse with laneway access to the south and east and is around 100m from North Melbourne station.

We bought the property for $2.3m (ex GST) on a 6 month settlement with a 5% deposit. In August we missed out on a smaller site just around the corner from at 88 Miller St which sold for $2.4m at auction. So it feels like we secured a good deal.

Our plan is to develop 8 x four-storey townhouses with around 120 sqm of living space. Each townhouse would have a footprint of around 40-50m2 so quite compact. We plan to have large roof terraces and balconies to take advantage  of the city views to the east. The design challenge will be to make the small footprints feel spacious and also to bring light and visual interest to the units in the middle given their lack of street frontage.

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Ireland Street northern elevation – initial town planning submission

For inspiration we are looking to build on the work of people like:

All of these projects are on blocks of under 50m2.

If you are interested in finding out about upcoming projects in 2016 please feel free to get in touch.

Ireland St aerial

Ireland St frontage

Tait Lane frontage

Buy with a little help from your friends – syndicate feature in The Sunday Age

2015 September 25
by Tim Riley

Property Collectives was lucky enough to have a great feature in last week’s Sunday Age. The story featured some of the original partners in our St Georges Rd syndicate which finished in 2013, plus a few new additions, namely little Orson and Aurelia.

Click here to read the piece.

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The Clarke Street Collective: final design for Northcote 7 townhouse project

2015 June 9
by Tim Riley

The Clarke Street Collective recently submitted a revised town planning application for our seven townhouse project in Clarke Street Northcote. Based on Council’s feedback we undertook a partial redesign of the initial scheme to address their main concerns around visual bulk, landscaping opportunities and impact on the amenity of the neighbour to the east.

Working closely with the team from Pillar+Post all members of the collective were intimately involved in the design development. The key highlights of the brief was to design something differentiated and take advantage of the elevated and sloping site to capture not only south western city views but the north eastern aspect to Ruckers Hill.

The design response features a restrained palette of materials that is contextually appropriate and considers the weathering of the building, particularly in relation to the prominent western elevation. The façade to the west features a functional yet scupltural external steel modular frame. The frame is offset from the main structure to allow for vertical planting and external sun shading to buffer the site acoustically from the train track to the west and moderate heat load from the western sun.

We anticipate our application will now go to advertising and await with interest the feedback from the wider community.

V01 Pillar and Post Clarke Street_AMEND

The Strettle Street Collective: Thornbury 6 townhouse development JV kicks off

2015 June 8
by Tim Riley

Before Christmas 2014 we formed our next collective and started looking for another townhouse development site.

While the purchase of our St Georges Rd Northcote and Clarke Street Northcote sites took around 9 months, fortunately the acquisition of this site took a little over 4 months.

For this project we will be looking to develop six double-storey townhouses of around 130 sqm of living with our 5 other partners.

Strettle St aerial

Measuring around 1430 sqm with a 20 metre frontage and 70 metre length, the most exciting thing about the site is its elevated position. Sitting close to the top of McComas Hill with a east – west orientation, the site has fantastic city views looking the south over Merri Creek.

The east-west orientation of the site also means that we can maximise northern private open space to all of the townhouses and given the generous size of the site push for ground floor living spaces.