The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
Taryn ParisMon 09 Oct 23

TW Projects Pads Out $300m Pipeline in Regional Victoria

Victorian Surf Coast locals Jack Townley and Albert Weddell are scaling up their ambitions for greenfield developments.

The pair have been friends for 20 years but it was only recently that they paired up to build TW Projects and take on the greenfield market in regional Victoria. 

And it’s a partnership that is bearing fruit with Townley’s civil construction background and Weddell’s experience in the greenfield market turning dirt across the state, with 900 lots and 15 communities in their work book.  

“We are really passionate about the regions,” Townley said. 

“We understand the regions and that gives us an upper hand in many areas.”

They recently padded out their portfolio to $300 million with the acquisition of a 9.7ha site at Yarrawonga, which will be carved up into 105 lots, and another site at Warragul where Townley said they were putting forward a $55-million scheme for 150 lots. 

null
▲ Albert Weddell and Jack Townley paired up to take on Victoria’s regional greenfield market.

Yarrawonga will be targeted at retirees looking for lifestyle with a lake and golf courses nearby, while Warragul will have a different demographic.

But it’s not just a tick-and-flick exercise for TW Projects. Townley said they were focused on creating legacy across their communities. 

“We want to build places where people love to live,” he said. 

“We started with a five-lot project, then seven and then got up to 50 lots. We want to provide people with more affordable options and bigger lot sizes.”

While the heat may have come out of the market following the significant pull forward of first-home-owner activity during the pandemic, Townley said the deals were still flowing through. 

“We’ve just launched five projects in the past two months and the sales are still flowing through,” he said. 

“With a couple of strong quarters of immigration and interest rates coming down, I just can’t see a time where the market won’t continue to improve.”

Townley said the volume-builder crashes had put a dent in buyer confidence but TW Projects was focused on partnering with trusted home builders. 

The pair’s biggest undertaking will be a 350-lot development at Colac about 150km south-west of Melbourne. 

AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
5 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
View All >
Billbergia Chatswood Twin Towers
Development

Billbergia, Metrics Chase 46 Storeys in $400m Towers Uplift

Vanessa Croll
Retail

Sydney Investor Pays $62.75m for Gosford Retail Asset

Lindsay Saunders
Policy

Momentum for Brisbane Vertical Neighbourhoods Grows

Phil Bartsch AND Taryn Paris
The Brisbane council has unveiled its next phase to bolster higher density development as it faces a 210,800-home under-…
LATEST
Billbergia Chatswood Twin Towers
Development

Billbergia, Metrics Chase 46 Storeys in $400m Towers Uplift

Vanessa Croll
3 Min
Retail

Sydney Investor Pays $62.75m for Gosford Retail Asset

Lindsay Saunders
3 Min
Policy

Momentum for Brisbane Vertical Neighbourhoods Grows

Phil Bartsch AND Taryn Paris
5 Min
Development

Finalists Announced for The Urban Developer’s Urban Leader Awards 2025​

David Di Marco
9 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/tw-projects-pads-out-aud300m-pipeline-in-regional-victoria