Q& A with Future Estate Founder and Managing Director, Ben Anderson
Future Estate is an Australian property development group with a particular focus on the residential market. Future Estate is committed to delivering genuine value for all stakeholders – the community, residents, financial stakeholders – to enhance the communities in which we all share.
Currently Future Estate is developing residential projects with an end value in excess of $1.3bn. Founded in 2009 by Ben Anderson, the company is always striving to deliver high quality, well designed projects that offer great places to live, work, rest and play. With experience spanning the various aspects of property development, investment, advisory, funds management and investment banking, Ben Anderson is an established and well-regarded pioneer in the industry.
What sets Botanic apart from other projects in the market at the moment?
Botanic is in the perfect location – surrounded by the expansive Bundoora parklands, and adjacent to Melbourne’s highest point, Mount Cooper, offering never-to-be-built out views of the park and CBD from many apartments.
Botanic is also directly opposite Melbourne’s largest university by student numbers, La Trobe University and established retail at Polaris directly over the road. There’s a tram stop out the front door, a broad range of healthcare, and some leading junior and senior schools, all within just 25 minutes’ drive of the CBD. Botanic offers the best of both worlds.
With apartments starting from just $360,000 these luxe apartments offer incredible value for money with luxury inclusions commonly referred to as upgrades in other such developments, such as French oak floors, stone benchtops, brushed brass tapware, floor to ceiling windows and spacious interiors, offered as standard here. The level of finish and inclusion sets a new benchmark for the area, befitting its landmark location.
What was the idea or the story behind the Parc Vue development?
Parc Vue has been designed as an architectural response to its idyllic location, with inspiration derived from both natural and romantic ideals associated with inner city living apartment. We liked the idea of fusing the surrounding local character with leading edge design and functionality.
What do you think makes a good residential development?
I think a good development is one that enriches its surrounding urban fabric through the delivery of world-class residential offerings complemented by the integration of retail, culture and lifestyle amenities that have been curated to suit the individual needs of a particular location and its demographic.
Location is obviously important, when considering new ventures, we look for suburbs that are well-serviced by public transport and supported by the necessary infrastructure – strong education (ideally Universities) and excellent healthcare (ideally hospitals) facilities as well as a diverse range of shopping, entertainment and recreation options.
Beyond this, developments should be founded on principals of quality, both in terms of design and execution. Taking this a step further, whilst many developments could be seen to achieve the above, most aren’t able to do so at a price point that the local market can afford. In my eyes this is what makes a good residential development great.
What motivated you to start Future Estate, and what inspires you on a daily basis?
From an early age, I’ve been involved in property, in particular residential, which has carried through my career and ultimately culminated in Future Estate. Since my early 20’s I’ve been involved in various small residential development projects, with the ultimate goal always being to make development my full time occupation. I’ve always loved property and am constantly inspired by the inherent opportunities it affords. It’s an exciting and dynamic industry that has far reaching consequences; we can genuinely shape a lasting legacy if we go about it correctly.
I am motivated by a desire to do things and relish the chance we have as developers to create something of real value that enriches the urban fabric, the wider community and the lives of those that come to live in our developments. Each project is a new journey and it is always very rewarding to see it come to life and become a reality.
What are some of the biggest changes you’ve noticed in the industry over the past decade?
Whilst the industry has undergone significant change over the last decade, here are some of the things that stick out to me:
- The growing acceptance of high-rise/apartment living, not just amongst first-home buyers but the general population, with families, downsizer, retirees and the like now more accepting of this vertical model than ever before.
- We are witnessing a move away from the ‘American dream’ scenario whereby the standalone house in the suburbs with a white picket fence and backyard is the ideal. Now many look at apartments, not as a compromise or stepping stone, but as their preferred model of living.
- There is a new generation of younger developers that are rising through the ranks and responding to the needs and desires of this emergent demographic, which favours lifestyle, functionality and location over size or that traditional backyard.
- The public is far savvier when it comes to design and value for money, purchasers today have higher expectations in terms of inclusions, quality and amenity.
- Melbourne is now establishing itself as a truly “Global City” (voted world’s most liveable for past five years!) and is attracting significant buyer demand from offshore.
View Botanic at Parc Vue on Investorist.