Celsius Land – August Update 2021
The Arabian Court (Champion Lakes) Local Structure Plan being prepared by Celsius is now in its final draft and will soon be lodged with the City of Armadale. A lot of time has been spent working with the adjoining land developer to ensure a high-quality outcome is achieved for the adjoining Wungong Brook, which is a Conservation Category wetland and an important part of the Structure Plan. As the Local Structure Plan progresses through the approval process, we will begin to work on the detailed design of the 64 lot development as well as the marketing of the project.
Works are continuing with the Piara Waters Lifestyle Resort which is being project managed by Celsius Land; with earthworks now complete and sewer construction due to commence in September. The design of the first community building in the project is now complete, which will be issued for pricing in September.
Land Sales in Western Australia continue to remain sound
Land sales in Western Australia continued their consistent run for 2021; with volumes trending up marginally during the month of August. Land prices have had some modest increases recently; however, these increases have been much smaller than the price increase of new homes, which have absorbed the majority of the price increases in a house and land package.