The 23rd episode featured a conversation between hosts Colin Bischoff, Darren Brennan, and guest Rory Costelloe, the founder and executive director of Villawood Properties. Villawood Properties, which began with a 30-lot development in Bendigo in 1989, had since become a prominent figure in the Australian development space, specialising in master plan communities for over three decades. Rory Costelloe's reputation as a thought leader in community development underscored the significance of his insights.
Costelloe highlighted the evolution of Villawood Properties from its humble beginnings with a modest investment of 10,000 dollars each from several individuals to its status with over 21,000 lots across three states. He emphasised the considerable changes in property prices over the years, noting the shift from houses costing around two and a half years' worth of wages to the scenario where houses could cost up to ten years' wages.
The discussion transitioned to the process of purchasing land for building homes. Costelloe advised potential buyers to prioritise location based on factors such as proximity to schools, public transport, and recreational facilities. He emphasised the importance of consulting with build reps to ensure that the chosen land aligned with the desired house design and specifications, including considerations like block size and orientation.
In addressing the challenge of smaller backyard spaces in modern estates, Costelloe outlined strategies employed by Villawood Properties to enhance community living experiences. These included incorporating amenities like parks, walking paths, and environmentally sustainable features such as stormwater management systems to promote a sense of community and mitigate environmental impact.
The conversation concluded with insights into the future of the housing market, emphasising the need for sustainable design practices and addressing the demand for detached houses, particularly among immigrant populations. Costelloe underscored the importance of delivering on promises to both buyers and local councils to maintain trust and ensure the success of community development projects.
