Top 13 Property Developers in Australia: The Definitive Guide

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Buying off-plan or new property is the first choice among many foreign investors in Australia.

In fact, established property is only available to local citizens and temporary residents, unless you get an approval from the FIRB (Foreign Investment Review Board).

The government introduced new buying regulations as late as 2015, to reduce the influx of foreigners (especially from China), and to protect the local market.

As the trend becomes obvious and we see a higher demand for off-the-plan property, I decided to write this article where I list some of the biggest residential property developers in Australia.

1. Metricon Homes

Metricon has been ranked as the biggest residential developer in Australia by the Housing Industry Association (HIA) since 2011. In 2017, it retained its top position with 4,365 starts, more than any other developer.

Metricon Homes was established in 1976 and the head office is located in Melbourne.

Property types

Metricon builds mostly single and double story homes. In addition, they offer services like knocking down old properties for rebuilding purposes, build display homes for investors and customize apartments according to your living style.

You can also find home and land packages, where you simply buy a block of land with a different interiors and exteriors offered. Later, they build a house based on the design you select.

Current projects

Metricon homes builds individual homes instead of projects. You can explore different designs on their website, like Amalfi, Allure, Dromana and more than 80 other designs.

Future projects

You can find multiple packages on their website, including single and double story homes in different locations, as well as home and land packages.

Prices & areas

Based on the prices quoted on their website, you can find a home and land package in all major cities of Australia. Prices range from around $200,000 – 1,800,000, depending on location, land size, and the design you choose.

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Buying Property in Australia: The Definitive Guide

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Do you plan to buy property in Australia?
Click here to get in touch with an experienced agent

Australia is a popular choice when people from places like Hong Kong, Singapore and China look for properties overseas.

The Australian property market has grown remarkably fast over the years and prices have reached unsustainable levels in places like Sydney and Melbourne. Not surprisingly, many locals move to smaller cities.

The truth is, Australia will continue to attract foreign real estate buyers over the years, might it be future retirees or for people who want to send their kids overseas.

However, before you buy property here, it’s important that you get your feet wet and learn about local buying regulations, property taxes, the best places to buy, and more.

In this article, I explain the details you need to know when buying real estate as a foreigner in Australia.

Continue reading Buying Property in Australia: The Definitive Guide