Nathan Blackburne

ANNIVERSARY SPECIAL: While half of Cedar Woods’ 30 projects are in its home state of WA, the company has taken opportunities in Victoria, Queensland and SA. This article is part of a special series to mark Business News' 25-year anniversary.

Cedar Woods Property has received an unexpected first-half earnings boost, after the $58 million sale of a commercial building in Victoria settled ahead of schedule.

SPECIAL REPORT: Paul, Nathan and John Blackburne are proving that they don’t have to work for the same company to leave a family legacy in Perth’s property industry.

Western Australia-based land developers Cedar Woods Properties and Peet have booked solid half-year profit lifts, with both companies’ diversified portfolios placing them on solid foundations for future earnings growth.

SPECIAL REPORT: Battered by the biggest downturn to hit the property sector in decades, WA land developers remain in survival mode as they await an expected recovery.

Cedar Woods Properties is gearing up to launch its first infill development in Western Australia, after agreeing to acquire a development site in Subiaco for $15 million.

Cedar Woods Properties is preparing to launch a second urban infill project in Perth, after entering an agreement to acquire a 12.4-hectare site in Hamersley for $21.2 million.

Changing market conditions are driving a shift in strategy for WA greenfields land developers.

Cedar Woods Properties has acquired a 43-hectare site in Melbourne’s north for $56.65 million to accommodate a master planned community of more than 500 lots.

The state government is making a major push for more medium-density housing, but market conditions and community sentiment loom as major hurdles for developers.

Cedar Woods Properties is targeting a stronger second half of FY2020 after recording an expected profit dip in the first six months of the financial year, while Stockland said its results were also in line with expectations, with its earnings also weighted towards the second half.

SPECIAL REPORT: WA’s residential land developers are cautiously positive the market is rebounding, but likely economic disruption from the COVID-19 pandemic could press pause on the recovery.

Cedar Woods Properties has completed a $26 million sale of a commercial asset at its Williams Landing estate in Melbourne, with the recently completed Emergency Communication Facility sold to Hellenic Property Investments.

Property developers Cedar Woods and Peet have posted their full year results, with both disclosing the impacts of COVID-19 on sales and construction starts.

Subiaco is set for resurgence, but it will take a coordinated approach from landlords, developers and council to take full advantage of its more than $500 million pipeline.

Cedar Woods Properties has posted a net profit of $22.4 million for the first half of the 2021 financial year, up 120 per cent on the same time last year.

Residential land developers hope the positive market momentum prompted by housing stimulus measures can be extended long term.

Cedar Woods Properties' bid to redevelop land surrounding the Swanbourne train station has progressed, but further details over development scope and scale are yet to be disclosed.

Cedar Woods Properties has bought 1,200 lots close to the Yanchep rail line in Eglinton, currently under development, in a $49.5 million deal.

The property developer recorded a record level of pre-sales across its national portfolio.

Leading developer Nathan Blackburne has painted a more positive picture than many of his peers, saying build costs are expected to decrease and labour availability will improve next year.

Construction is set to begin at Cedar Woods’ $100 million Eglinton Village, as the state government flags the possibility of more delays in bringing the train line to Yanchep.

Cedar Woods has booked a 12 per cent increase in presales compared with this time last year, but says rising interest rates are keeping a lid on overall sales volumes.

The Perth-headquartered developer is capitalising on a strong neighbourhood retail market by looking to offload a Victorian shopping centre.

Mr Packer was fondly remembered for his contribution to the property industry and life as a keen sailor.

A Property Council study into transit-oriented housing has identified Bayswater as the only Metronet station precinct ripe for development, with an emphasis on high-value areas.

Land developer Cedar Woods Properties has cut its financial year profit forecast due to construction delays it claims are showing signs of stabilising.

Developers and government are exploring what needs to occur for apartments to stack up in suburbs adjacent to Metronet stations.

The property developer posted a $31.6 million profit for FY23, down from $37.4 million last year, but is seeing promising signs of growth into the next financial year.

West Perth developer Cedar Woods Properties told the ASX that it was waiting for more information amid the collapse of a South Australian builder.

The land developer is ahead of the pack to deliver a residential development in the coastal precinct, as it moves through the market led process.

The land developer intends to build more than 200 apartments on the $15.5 million site, acquired from the City of Subiaco.

The supermarket giant’s development arm has bought two hectares of land at Cedar Woods’ Eglinton estate for $14.3 million.

Cedar Woods Properties has partnered with Tokyo Gas to develop a 9,784 square metre site in Subiaco that has been earmarked for hundreds of apartments.

Property developer Cedar Woods has posted a $40.5 million net profit, a result far exceeding its guidance range and a 28 per cent uptick on the previous year.

The federal government’s ambitious target of building 1.2 million new homes by 2029 is fanciful, according to a leading residential builder, as crippling skilled labour shortages persist.

Cedar Woods boss Nathan Blackburne says it will take more than five years for the nation to solve its housing supply issues.

The ASX-listed developer has resurrected the apartment component of its Subiaco Incontro development, three and a half years on from when it was approved.

The result represents close to a $13 million increase on 12 months ago.

Land developers are embracing inland areas and different housing types in a bid to meet the state’s housing needs.