lessons from site tour 4—innovation in affordable housing supply

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CASE STUDY Peet Limited and Housing Authority The Village at Wellard

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CASE STUDY Peet Limited and Housing Authority

The Village at Wellard

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 2

DELIVERING A TRANSIT ORIENTED DEVELOPMENT

The Village at Wellard is a joint venture partnership between the Housing Authority and Peet Limited established in 2003

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 3

OVERVIEW OF PEET LIMITED

Australia’s largest specialist residential land developer

» Established in 1895 - 120 years of experience

» Public company listed in 2004

» Committed to:

− Creating quality land estates & communities

− Triple bottom line sustainability principles – economic, environmental and social

− Transparency and integrity

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 5

SCENE SETTING – TOWN OF KWINANA (2003)

Associated with predominately industrial land-use

Town of Kwinana urban form typically large lots (500m2 +) Wellard located 35kms from Perth CBD

Town of Kwinana urban form typically large lots (500m2 +) Wellard located 35kms from Perth CBD

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 6

THE VILLAGE OF WELLARD – PROJECT INCEPTION

» A joint venture between the Housing Authority and Peet

Limited (2003)

» Project Vision - Develop a sustainable and functional

community focused on the Wellard railway station

» Housing Authority objectives:

− Provide affordable housing choice

− Deliver 1 - in - 12 dwellings for social housing

− 20% of lots allocated to affordable housing

» Peet Limited objectives:

− Deliver an eclectic, thriving community

− Deliver a diverse product

− Develop a vibrant village centre

2003 concepts

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 7

THE VILLAGE AT WELLARD – KEY PROJECT STATISTICS

CBD

N

Fremantle

HS PS

PS

HS

Village Centre

Kwinana TC

Airport

29 mins

Perth to Mandurah Line

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 8

THE VILLAGE AT WELLARD – TOWN CENTRE

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 9

KEY CHALLENGES - DELIVERING THE TRAIN STATION

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 10

KEY CHALLENGES - DELIVERING THE TOWN CENTRE AMENITY

» Wellard Square shopping centre opened in November

2014 – includes Woolworths supermarket and 18

speciality shops

» John Wellard Community Centre

» Future tavern adjacent to train station

» Child Care Centre

» Piazza style meeting area in Wellard Square

with landscaped gardens

» Vibrant mix of housing density and diversity

» 500+ apartments

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 11

KEY CHALLENGES - MARKET ACCEPTANCE OF DENSITY AND LOCALITY – 7.5M PRODUCT

PRODUCT

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 12

Invita Apartments (Stage 1): 2014, National Award for Excellence – Affordable Development

KEY CHALLENGES - MARKET ACCEPTANCE OF DENSITY AND LOCALITY

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 13

KEY CHALLENGES - MARKET ACCEPTANCE OF DENSITY AND LOCALITY

Invita Apartments (Stage 1): 2014, National Award for Excellence – Affordable Development

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 14

KEY CHALLENGES - MARKET ACCEPTANCE OF DENSITY AND LOCALITY

Invita Apartments (Stage 2)

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 15

KEY CHALLENGES - MARKET ACCEPTANCE OF DENSITY AND LOCALITY

Invita Apartments, (Stage 3)

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 16

KEY CHALLENGES - SITE CONSTRAINTS RETENTION OF LANDFORM AND TREES

THE VILLAGE OF WELLARD

TS

Approved Local Structure Plan

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 17

SUSTAINABILITY PRINCIPLES - MOVEMENT NETWORK

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 18

SUSTAINABILITY PRINCIPLES - MOVEMENT NETWORK

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 19

SUSTAINABILITY PRINCIPLES - STRONG COMMUNITY CREATION

» Outstanding example of government and private sector

leading community formation

» Fostered the formation of Residents’ Association and

established stakeholder and community environmental

reference groups

» Recent survey showed majority (93%) residents proud to

be a member of the local community

» Ngulla Nursery program:

− Supports training and employment opportunities for

local indigenous youth

− Tubestock propagated by the nursery has been

used in major landscaping enhancement works in

the project

DELIVERING A TRANSIT ORIENTED DEVELOPMENT ǀ OCTOBER 2015 ǀ PAGE 20

SUCCESS OF WELLARD

» Transit oriented development

» Almost 70% complete, outperformed sustainability

expectations

» One of best selling communities in metro Perth – over

2,000 sales to date

» Consistent history of achieving market leading sales

rates

» One of most awarded communities in WA

THANK YOU