Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Chinese Developer Starts A$1Bil Project as Sydney Market Softens

2016/04/30 by Rupert Orchard Leave a Comment

Dahua Bardia Sydney

Dahua’s latest project covers 88 hectares in Sydney’s suburban Bardia area (outlined in blue)

China’s Dahua Group has revealed plans for an A$1 billion ($761 billion) master-planned estate in Sydney’s southwest suburb of Bardia, the second project in this area of the city for the top 50 mainland developer which has created a second home for itself in Australia.

Development of the 88ha plot is expected to yield 1280 detached homes, according to a statement from Dahua, with the first 85 lots to be released on the market later this month, according to a recent report in Australia’s Financial Review.

The Shanghai-based developer is taking on the residential project just as the Sydney home market begins to taper off after a record run, and following a 0.2 percent slide in average home prices in the city during March.

Dahua Buys into State Government Initiative

jin huiming dahua

Dahua chairman Jin Huiming sees a bright future for the Aussie housing market

Dahua’s latest development, named New Breeze, is one of a handful of projects launched by the Shanghai property group on Australian shores since 2014, and is its second in Sydney’s up-and-coming southwest. Construction on this latest crop of new homes, which will be priced between A$330,000 and A$670,000, is set to begin in July 2016 with a target completion date of mid-2017.

Like Menangle Park which, together with the Bardia land, it purchased from Urban Growth NSW for A$300 million in November last year, the master-planned estate will benefit from increased investment into the surrounding areas via the state government’s South West Growth Centre (SWGC) initiative.

New Breeze’s location, just 8km from the Liverpool CBD, is also within striking distance of a proposed second Sydney airport at Badgerys Creek. In addition to the 1280 new homes, the complex will include parks, cycle paths, playgrounds and sports grounds totalling more than 40ha of open space.

Chinese Investment in Aussie Homes Grows Despite Slowdown

Aggressive investment in Australian real estate puts Dahua Group in good company, with Chinese buyers accountable for A$24 billion of property investments down under during the 2014-15 financial year–more than three times the amount committed from the U.S.

The figure doubled the previous year’s effort in spite of regulatory measures put in place during 2015 to discourage foreign investment in Australian real estate — an outcome that Mingtiandi predicted.

This enthusiasm among foreign homebuyers for Aussie property has caused concern among lenders after prices fell in the Sydney market last month for the first time in four years. Just this week, Westpac Bank – Australia’s second largest – announced a freeze on new mortgages for non-local buyers.

A report released this month by HSBC predicted that housing price growth across Australia would rise by only single digits into 2017, after rising 46 percent in Sydney since 2012, and jumping 32 percent in Melbourne over the same period.

Despite these concerns about future growth, Dahua is part of a growing cohort of mainland property developers launching projects in Australia. China Poly Group has put forward a joint bid for a A$1 billion residential site at Sydney’s Wentworth Point, while China Overseas Holdings Ltd (COHL), one of China’s 10 largest developers, has recently finalized the purchase of an A$80 million development site at Macquarie Park in Sydney’s north.

Dahua Looks Beyond Australian City Centres

Dahua Waterloo

Dahua’s earlier Australian projects included high-rises, like this one in Waterloo

Following several inner-city purchases and an ultimately unsuccessful plan to redevelop the Sydney Fish Market, Dahua’s focus appears to be shifting outward towards high growth areas. In the case of both southwest Sydney purchases, Dahua was the beneficiary of a major state government land release — part of “A Plan for Growing Sydney” that involves investment in the city’s fringe suburbs.

Two of the group’s Melbourne development projects — Kingsleigh in the city’s far west and Loch Haven in the rapidly growing south east — also look to capitalize on a housing shortage in Australia’s capital cities that is seeing first-time home buyers priced out of central property markets and into developing outer suburbs.

New Breeze’s A$330,000 investment entry point puts it well within NSW’s First Home Owners Grant Cap of $A750,000. According to an article published by property portal domain.com.au, Sydney’s entry-level housing (priced at less than A$400,000) has shrunk to less than 4% of the market, down from 8.6% just 12 months ago.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Outbound Investment Tagged With: Australia, Bardia, dahua group, Sydney, weekly

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.

MTD TV

Asia Real Estate Takes Aim at Net Zero: MTD TV
Edwin Wong of Baker McKenzie
APAC Data Centre Investment Set to Surge as AI Fuels Demand: MTD TV

More MTD TV Videos>>

People in the News

singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09
Lincoln Pan Jardines
Asia Real Estate People in the News 2025-06-02

More Industry Professionals>>

Latest Stories

URA chief executive officer Lim Eng Hwee
Singapore Home Sales Slump to Five-Month Low as Government Dials Back New Supply
Brian Hung, Director, APG Asset Management
APG, Invesco and GLP Join Panels on Korea, China Logistics From Tuesday
Hikaru Teramoto
Kenedix, Hulic Team With Kennedy Wilson to Buy Seattle Apartment Block for $173M

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse