News

Issue No. 50 - December/ /

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With the South Australian housing construction market showing signs of improvement following the global financial crisis, land and property developers are creating niche markets to manage the confidence surge.

Adelaide-based building company, Hummingbird Homes was created three years ago to target the

higher end of the residential market and to work with land developers.

Much of Hummingbird’s business comes from JV projects with land owners and developers. The focus is on the eastern suburbs of Adelaide and on homes on the South Coast, mainly Victor Harbor and Middleton.

Working in JVs with land owners is “appealing” says MD, Daniel McOmish.

“There is a market for working with land owners instead of just buying land. Traditional developers just buy the land from the owner, then develop,” he says.

“In the current market there is opportunity as a land owner might not be able to get what they want for the land, we offer an alternative....

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