Peet well positioned for residential market recovery

Today the Peet Group announced its FY19 results, achieving an operating profit and statutory profit after tax of $47.5 million for the year ended 30 June 2019.

Summary Financials1

  • Operating profit2 and statutory profit3 after tax of $47.5 million
  • Earnings per share of 9.8 cents
  • FY19 dividends of 5.0 cents per share, fully franked
  • Revenue4 of $262.9 million, with 2,629 lots settled
  • EBITDA5 of $86.0 million
  • EBITDA5 margin of 33%
  • 1,257 contracts on hand6 as at 30 June 2019
  • Gearing7 of 24.6%

View FY19 Results Presentation here.

The Peet Group achieved an operating profit2 and statutory profit3 after tax of $47.5 million for the year ended 30 June 2019, a decrease of 3.2% on FY18. Strong settlements from several of its key development projects were offset by lower sales on the back of moderated market conditions and restrictive lending conditions.

The Group derived full-year EBITDA5 of $86.0 million compared to $101.3 million in FY18, with a strong EBITDA5 margin of 33%, compared to the margin achieved in FY18 of 34%.

The performance has resulted in earnings per share of 9.8 cents for the year ended 30 June 2019, compared to 10.0 cents per share in FY18.
The Group has maintained its focus on prudent capital management and during 2H19 issued $75 million of unsecured notes, further diversifying its debt structure. The Group’s balance sheet remains strong with gearing7 of 24.6%, within the Company’s target range of 20% to 30%.

Peet Managing Director and Chief Executive Officer, Brendan Gore, said, “we delivered a sound result given the moderated market conditions across the country’s residential markets. Despite lower sales, we maintained a strong EBITDA5 margin of 33%, driven by settlements from our low-cost Victorian Development projects, a continued focus on cost management across the portfolio of projects and implementation of efficiencies across the business.”

Operational highlights

The Group achieved 1,629 sales8 (down 45% on FY18), with sales impacted by the broader market conditions associated with restrictive lending conditions, a moderating Victorian market and a subdued Western Australian housing market.

Settlements8 achieved in FY19 (2,629 settlements, down 10%) were affected by the completion of several syndicated Victorian projects during FY18, the reduction in sales across the portfolio and the reduction in englobo sales during FY19.

“While easing monetary policy, tax cuts and APRA’s changes to its loan serviceability threshold are positive news for the industry, loan approvals remain a challenge for customers, which has impacted sales for the period, as have moderating Victorian and subdued Western Australian housing markets,” said Mr Gore.

“At 30 June 2019, there were 1,257 contracts on hand8, compared with 2,257 contracts on hand8 at 30 June in 2018. This reduction, as a result of lower sales activity, is expected to impact settlements in FY20.” 

Capital management

The Group continues to apply a prudent focus on capital management and during FY19 derived $46.4 million net cash inflows from operations (before payments for purchase of land) and maintained gearing9 within its target range of 20% to 30% at 24.6% as at 30 June 2019.

During the year, the Group raised $75 million from the issue of senior unsecured notes via the wholesale debt market, which together with the extension of its existing senior debt facility, increased the tenor of the Group’s debt maturity profile.

At 30 June 2019, the Group had net interest-bearing debt (including Peet Bonds and consolidated syndicates) of $211.6 million, compared with $140.5 million at 30 June 2018, with the increase partly attributable to increased capital deployed into the acquisition and development of Medium Density townhouses and low rise Apartment pipelines. Approximately, 91% of Group’s interest-bearing debt was hedged as at 30 June 2019, which is the same as at 30 June 2018.

Peet’s balance sheet remains strong, including cash and debt facility headroom of $156.1 million as at 30 June 2019 and a weighted average debt maturity of over three years.

In FY19, Peet Limited implemented a 12-month on-market share buy-back of up to 5% of its issued ordinary shares. As at 30 June 2019, the Company had acquired 6.7 million of its ordinary shares, representing approximately 27% of the total shares to be acquired. Subsequent to year end, the Company announced a 12-month extension of the on-market buy-back.

“The issue of wholesale notes during the year further diversifies the group’s capital funding sources to provide greater operating flexibility to fund investment opportunities that may arise. With a cautious view into FY20, we are taking a disciplined and conservative approach to the deployment of capital. However, our strong balance sheet and available capital provides the Group with the capacity to accelerate delivery of product in response to any improvements in market conditions,” said Mr Gore.


Subsequent to year end, the Directors declared a final dividend for FY19 of 3.0 cents per share, fully franked. This brings the total dividend for FY19 to 5.0 cents per share, fully franked in line with the FY18 dividend. The dividend is to be paid on Monday, 7 October 2019, with a record date of Thursday, 19 September 2019.

Group strategy

The Group will continue to target the delivery of quality residential communities around Australia by leveraging its land bank, working in partnership with wholesale, institutional and retail investors, and continuing to meet market demand for a mix of products in the growth corridors of major Australian cities.

Key elements of the Group’s strategy for the year ahead and beyond include:

  • selectively acquiring residential land holdings as cycles, markets and opportunities allow to restock the project pipeline with a focus on securing low cost projects, predominantly under its funds management platform;
  • expanding market reach by continuing to broaden its product offering in Completed Homes, Medium Density Townhouses and low-rise Apartments;
  • delivering affordable product targeted at the low and middle market segments; and
  • maintaining a strong balance sheet and cash flow position.


The Peet Group enters FY20 with a strong balance sheet, low gearing10 and a residential development pipeline well positioned for sustainable long-term growth.

Despite a general improvement in enquiry from potential buyers, Peet expects the market to take some time to normalise. Steady employment growth combined with record low interest rates and high investment in infrastructure by Government, is being offset by the broad uncertainty driven by reduced credit availability, weak consumer sentiment and low wages growth.

“We remain cautious about the timing of recovery in the residential market and therefore expect a challenging year ahead. The lower contracts on hand as at 30 June 2019 will impact settlements in FY20 and result in earnings being heavily weighted towards the second half of the year.

“However, our strong pipeline of projects and the underlying fundamentals of the residential property sector, means that Peet is well positioned to deliver supply to the market as demand improves and lending conditions normalise,” said Mr Gore.

1 Comparative period is 30 June 2018, unless stated otherwise. The non-IFRS measures have not been audited.
2 Operating profit is a non-IFRS measure that is determined to present the ongoing activities of the Group in a way that reflects its operating performance. Operating profit excludes unrealised fair value gains/(losses) arising from the effect of revaluing assets and liabilities and adjustments for realised transactions outside the core ongoing business activities.
3 Statutory profit after tax means net profit measured in accordance with Australian Accounting Standards, attributable to the owners of Peet Limited.
4 Includes statutory revenue of $249.5 million (FY18: $287.6 million) and share of net profits from associates and joint ventures of $13.3 million (FY18: $14.1 million).
5 EBITDA is a non-IFRS measure that includes effects of non-cash movements in investments in associates and joint ventures totalling $13.3 million (FY18: $14.1 million).
6 Includes equivalent lots.
7 Calculated as (Total interest-bearing liabilities (including land vendor liabilities) less cash) / (Total assets less cash, less intangible assets).

Belong with Peet

News and Events


Peet unveils exclusive townhouses in coveted Rochedale precinct

POSTED ON 3 May 2024

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Peet releases prime Adelaide apartments

POSTED ON 3 May 2024

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Peet Delivers Solid 1H24 Result

POSTED ON 22 Feb 2024

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Wishing you a Merry Christmas

POSTED ON 4 Dec 2023

From all of us at Peet, wishing you a Merry Christmas!

Please note, Peet offices will be closed from Friday 22nd December 2023, re-opening Tuesday 2nd January 2024. For Sales and Information Centre opening hours, please check the estate website for details.


Raising Awareness Across Our Communities During Mental Health Month

POSTED ON 20 Nov 2023

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Peet supports the WBBL Aboriginal Match with the Perth Scorchers

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Screenshot 2023-11-06 092432

Three Award Wins at Property Council WA Awards

POSTED ON 6 Nov 2023

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Peet's unique heritage featured in WA Today

POSTED ON 3 Nov 2023

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Read the full article here Peet and Big Perth: Blocks are shrinking, but home buyers still want their castle (


Peet partners with WA Cricket Foundation

POSTED ON 2 Nov 2023

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In support of this, we are proud to extend our partnership with WA Cricket as the Principal Partner of the Perth Scorchers, by becoming a Community Supporter of the WA Cricket Foundation. This partnership will provide support to the Aboriginal Cricket and Young Women in Cricket pillars, specifically the Social Leaders and Aboriginal Leadership programs.


Peet finalises the acquisition of strategic landholding from University of Canberra

POSTED ON 11 Oct 2023

Peet Limited (ASX:PPC) announces that the acquisition of approximately 15 hectares of land from the University of Canberra (“UC”) in Belconnen, ACT for circa $66 million (excluding GST) (“Property”) is now unconditional, following the satisfaction of the condition precedent requiring the issue and transfer approval of a Crown Lease.

Mental health month thumbnail

Mental Health Ambassadors

POSTED ON 5 Oct 2023

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Peet_Digital Graphics_SEP 2023_V38

Peet appoint Jason Behrendorff and Piepa Cleary as Mental Health Ambassadors

POSTED ON 14 Sep 2023

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Full Year Results FY23

POSTED ON 24 Aug 2023

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Peet Launches Reconciliation Action Plan

POSTED ON 21 Aug 2023

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Peet communities celebrate National Tree Planting Day across the country

POSTED ON 9 Aug 2023

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Fort Largs recognised for Marketing Excellence

POSTED ON 26 Jul 2023

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Peet Unveils Reconciliation Action Plan Artwork

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Peet announced Best Sustainable Community Developer

POSTED ON 18 May 2023

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Brabham wins 2023 Platinum Waterwise Development

POSTED ON 8 May 2023

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Celebrating Harmony Week across Peet communities

POSTED ON 31 Mar 2023

At Peet, our brand promise is "Where you belong", making Harmony Week and Neighbour Day the perfect opportunity to recognise the rich and diverse cultures we have in our communities across the country.


Fresh Produce Market and Café coming to Fort Largs

POSTED ON 10 Mar 2023

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Supporting International Women's Day 2023

POSTED ON 7 Mar 2023

The team at Peet are supporting disadvantaged women this IWD2023.

Peet Limited Half Year Results

Peet delivers strong 1H23 performance

POSTED ON 23 Feb 2023

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Brabham's Green Home Display wins Global Innovation Award

POSTED ON 8 Feb 2023

We are proud to share that our builder partner, Green Homes Australia, won the Global Home of the Year award in Las Vegas recently at the National Association Home Builder’s (NAHB) Global Innovation Awards.


Perth Scorchers wins fifth BBL Championship

POSTED ON 6 Feb 2023

On behalf of the team at Peet, we would like to congratulate the Perth Scorchers on winning back-to-back BBL Championships.


Peet Extend Partnership with Perth Scorchers

POSTED ON 1 Feb 2023

Leading residential developer Peet is pleased to announce it has extended its partnership with the Perth Scorchers as the Principal Partner into season 2023-24.


Celebrating Aboriginal culture at Yanchep Golf Estate

POSTED ON 18 Jan 2023

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Peet appoints Chief Operating Officer

POSTED ON 8 Nov 2022

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Peet to bring Scorchers fans closer!

POSTED ON 21 Oct 2022

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POSTED ON 19 Sep 2022

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Australia's most sustainable two storey home* launches in Brabham

POSTED ON 19 Aug 2022

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FY22 Earnings Update Peet

FY22 Earnings Confirmation

POSTED ON 28 Jul 2022

Peet today announces that it expects its operating profit after tax for the year ended 30 June 2022 to be $52.3 million, subject to the completion of the FY22 audit.

Peet Black Dog Partnership

Peet prioritises mental health through new Black Dog partnership

POSTED ON 30 Jun 2022

Leading Australian property developer Peet has announced a three-year partnership with independent not-for-profit medical research institute, Black Dog Institute, which delivers research to help treat, manage, and prevent common mental health conditions and suicide.

Forrestville Locale

Peet secures two high quality projects in Adelaide

POSTED ON 24 Jun 2022

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Lakelands AFL

Lakelands AFL facility named best in Australia

POSTED ON 23 Jun 2022

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Reconciliation Week 2022

Reconciliation Week

POSTED ON 26 May 2022

This National Reconciliation Week 2022, Peet would like to acknowledge and show respect to Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of this land.

FY22 Earnings Update

Peet Limited FY22 Earnings Update

POSTED ON 2 May 2022

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Tonsley Village wins REA SA Land Campaign of the Year

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Peet Launches Fort Largs

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Half Year Results FY22

Half Year Results FY22

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Eden's Crossing Bio Basin

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POSTED ON 31 Dec 2021

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Peet has agreed to acquire the 50% share in the project for $46.15 million, with settlement to occur in January 2022. 

Tapestry Mosman Park News Header

Developer approval received for Glyde Street Apartments, Mosman Park

POSTED ON 17 Dec 2021

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Strong Demand at Jumping Creek

Strong demand at Jumping Creek

POSTED ON 16 Dec 2021

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UC Preview image

Peet acquires strategic landholding from University of Canberra

POSTED ON 22 Nov 2021

Peet is pleased to announce the strategic acquisition of approximately 15 hectares of land from the University of Canberra (UC) in Belconnen, ACT.

Ellery at Wollert

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POSTED ON 19 Oct 2021

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Peet Fort Largs

Peet's Fort Largs to commence historic restoration

POSTED ON 18 Oct 2021

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Find out more
Burns Beach Best Residential Development

Burns Beach awarded Best Residential Development

POSTED ON 17 Sep 2021

At Saturday evening’s UDIA WA Awards for Excellence, Peet’s Burns Beach development was named the 2021 Best Residential Development.

Peet FY21 Full Year Results

Full Year Results FY21

POSTED ON 26 Aug 2021

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Federal HomeBuilder Extension

POSTED ON 23 Apr 2021

On 17 April 2021, the Federal Government announced that the construction commencement requirement for its Homebuilder program is being extended from six months to 18 months for all existing applicants.


Aston Craigieburn recognised as Best Masterplanned Community

POSTED ON 25 Mar 2021

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Peet Group 1H21 Financial Results

POSTED ON 25 Feb 2021

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Home builder grant extended

HomeBuilder Grant Extension

POSTED ON 30 Nov 2020

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First Home Loan Deposit Scheme (FHLDS)

Government extends the First Home Loan Deposit Scheme

POSTED ON 13 Oct 2020

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The move will provide eligible first home buyers with the continued support they need to secure a home loan and enter the property market. 


Peet welcomes $25,000 HomeBuilder grant

POSTED ON 4 Jun 2020

Australian property developer Peet has welcomed today’s announcement of the Federal Government’s new HomeBuilder scheme. 
The HomeBuilder grant will give Australian home buyers access to a $25,000 grant to go towards the cost of building a new home up to the value of $750,000, or to assist with renovations of between $150,000 and $750,000.*

Brendan Gore

Peet guiding first time buyers on the property journey

POSTED ON 29 May 2020

Recently Peet Managing Director and CEO Brendan Gore spoke with Dan Wilkie from Australian Property Investor Magazine about the challenges first home buyers face when starting their property journey, and how Peet’s new five-step First Home Buyer Toolkit can help them through the process.

a message from Peet

A message from Peet

POSTED ON 24 Mar 2020

The effect of COVID-19, and the impact it has on each of us, continues to evolve rapidly. It’s times like this that community is extremely important.

Peet Events

COVID-19: Update on Peet community events

POSTED ON 21 Mar 2020

At Peet, we hold the safety and well-being of our communities, visitors, suppliers and staff in the highest regard. 

Following advice from the Chief Medical Officer to national, state and territory leaders around COVID-19 (Coronavirus), we regret to inform you that Peet has postponed or cancelled events at its estates around Australia.

Flagstone Water Play Park

Flagstone’s $3million Water Play Park

POSTED ON 13 Dec 2019

Flagstone’s $3 million state of the art Water Play Park is opening to the public on Saturday 21 December 2019.

Flagstone McDonalds

New McDonald’s store opens in Flagstone

POSTED ON 13 Dec 2019

Peet’s Flagstone community in Jimboomba Queensland has celebrated the opening of a McDonald’s restaurant, bringing with it an exciting boost for the community and local economy.

Brabham sod turn event

First sod turned at Brabham

POSTED ON 3 Oct 2019

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Peet and Scorchers Partnership 2019

Peet renews a strong partnership for a scorching summer of cricket

POSTED ON 9 Sep 2019

Peet is proud to be the Perth Scorchers’ Major Partner of the Men’s team and Official Partner of the Women’s team, for the next two Big Bash League seasons!

FY19 Results Peet Limited

Peet well positioned for residential market recovery

POSTED ON 29 Aug 2019

Today the Peet Group announced its FY19 results, achieving an operating profit and statutory profit after tax of $47.5 million for the year ended 30 June 2019.

Flagstone McDonald’s

Flagstone to be home to new McDonald’s restaurant

POSTED ON 20 Aug 2019

Construction has started on a 4,455 sqm site that will include a 498sqm signature McDonald’s restaurant, due to open in December 2019 at our Flagstone community in Jimboomba, QLD.

Googong UDIA awards

Googong takes top UDIA honours

POSTED ON 9 Aug 2019

Our Googong development, one of the biggest new towns in Australia, received top honours in the 2019 UDIA NSW awards on Friday night winning both the Excellence in Masterplanned Communities and Excellence in NSW Regional Development categories.

Prime Minister visits Googong

Prime Minister doorstops in Googong

POSTED ON 8 Apr 2019

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NAB Big Ideas campaign

When big ideas meet big thinking

POSTED ON 27 Mar 2019

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Peet delivers a solid performance in first-half of FY19

Solid half-year performance from Peet

POSTED ON 26 Feb 2019

Today Peet announced an operating profit and statutory profit after tax of $23.1 million for the half-year ended 31 December 2018, which represents an increase of 5.6% compared with the previous corresponding period. Managing Director and CEO, Brendan Gore, said the solid result was underpinned by an increase in settlements across the Group’s national portfolio. The Group’s performance during the half year resulted in earnings per share of 4.74 cents, representing an increase of 6% compared with 1H18.

Tonsley Retail precinct

Peet named preferred proponent to develop Tonsley Retail precinct

POSTED ON 21 Feb 2019

Peet is pleased to have been selected as the preferred proponent* to develop the Tonsley Retail precinct. Plans are now underway for the development of a vibrant new shopping, hospitality and commercial precinct at Tonsley Village.

Lightsview Cycling Team

Lightsview Cycling Team takes top honours

POSTED ON 10 Jan 2019

The Lightsview Cycling Team has beaten the Australian Cycling Team in the elite men’s category to secure the series win in the 2018 Cycling South Australia Super Series. In addition to the team success, Justin Gassner took out the Series Leader competition.

Invita Apartments Stage 3

Invita up for national housing affordability award

POSTED ON 13 Dec 2018

Peet’s Invita Apartments (Stage 3A) south of Perth has been named as a finalist in the Best Affordable Housing Development category of the Property Council of Australia / Rider Levett Bucknall Innovation & Excellence Awards.

Scorchers announcement

Peet ready for scorching summer of cricket

POSTED ON 24 Oct 2018

Peet will be taking cricket to the community this summer through an exciting partnership with the Perth Scorchers, having signed on as their Community Partner for the upcoming 2018-19 season.

Peet events October

What's On - October

POSTED ON 26 Sep 2018

Get involved with whats happening in our communities around the country this October! Find out what's on in your state.

Aerial shot of Lakelands Estate

Prestigious industry award for Lakelands

POSTED ON 18 Sep 2018

Peet’s Lakelands Estate has added to its continued success, being named the best Masterplanned Development in Western Australia at this year’s Urban Development Institute of Australia WA’s gala dinner at Crown Perth on Saturday 15 September.

Upcoming Peet events - September

What's On - September

POSTED ON 27 Aug 2018

Get involved with whats happening in our communities around the country this September! Find out what's on in your state.

FY18 Results

Peet increases full year profit

POSTED ON 23 Aug 2018

Today the Peet Group announced an operating profit and statutory profit after tax of $49.1 million for the year ended 30 June 2018, representing an increase of 10% compared with the year ended 30 June 2017. MD and CEO, Brendan Gore, said the results were underpinned by continuing favourable conditions across east coast markets. “The benefits of the Group’s geographically diversified portfolio have underpinned the 2018 performance, with the favourable conditions on the east coast more than offsetting the subdued Perth market,” said Mr Gore.

Family riding through The Village at Wellard

Healthy Active by Design at The Village at Wellard

POSTED ON 16 Aug 2018

Peet’s award-winning The Village at Wellard community south of Perth has been featured as a case study by the Heart Foundation’s Healthy Active by Design program, shining a spotlight on its many design features which support healthy and active living.

Flagstone fields

Home ground advantage at Flagstone

POSTED ON 6 Jul 2018

Flagstone’s new adventure zone is quickly taking shape in the future city centre. A million dollar playing field is now open and construction has started on one of the biggest community playgrounds in South East Queensland.

Prime Minister visits Lakelands Estate

Prime Minister visits Lakelands Estate

POSTED ON 7 May 2018

On his visit to Perth last week Prime Minister Malcolm Turnbull stopped by the award-winning Lakelands Estate to make a welcome funding announcement which moves the proposed Lakelands train station another step closer to reality.

Tonsley residents

Tonsley takes out top property industry award

POSTED ON 3 May 2018

The transformation of a former car manufacturing site into the dynamic Tonsley Innovation District has seen the project awarded South Australia’s top property honour at the Property Council of Australia’s Awards for Excellence.

Whats on May - Peet Communities

What's On - May

POSTED ON 30 Apr 2018

Get involved with whats happening in our communities around the country this May! Find out what's on in your state.

Lakelands display village

Peet Sales Centres - Easter Long Weekend Opening Hours

POSTED ON 26 Mar 2018

This Easter long weekend our Sales Centres will still be operating - but with reduced hours. Find out what days and times we will be open.

Flagstone retails brands

Big retail brands head to Flagstone

POSTED ON 23 Mar 2018

Flagstone, one of Australia’s biggest satellite cities, is fast taking shape in South East Queensland and some of Australia’s biggest retail brands have been quick to move in!

Peet Communities April Events

What's On - April

POSTED ON 22 Mar 2018

Get involved with whats happening in our communities around the country this April! Find out what's on in your state.

Vision 360 feature image

Revolutionising the home buying journey

POSTED ON 6 Mar 2018

Deciding on which community you want to build your new home in has just been made easier with Peet launching a virtual reality experience that brings Peet communities to life in the hearts and minds of homebuyers – introducing Peet Vision360.

Peet 1H18 Results Presentation

Peet delivers a solid first half performance

POSTED ON 22 Feb 2018

Peet Limited today announced an operating profit and statutory profit after tax of $21.9 million for the half-year ended 31 December 2017, which represents an increase of 11% compared with the previous corresponding period. Peet Managing Director and CEO, Brendan Gore, said the result was underpinned by continuing strong conditions across east coast markets which saw the Group achieve strong growth in operating margins.

Tour de Wellard

What's On - March

POSTED ON 20 Feb 2018

Get involved with whats happening in our communities around the country this March! Find out what's on in your state.

Googong Central

Googong unveils $143 million town centre

POSTED ON 19 Feb 2018

We are excited to unveil plans for our biggest expansion at Googong yet – a $143 million town centre that will bring 1800 new dwellings, 4500 residents and hundreds of jobs to the ACT region.

Parkindula Bluestone South Australia

Parkindula Village – the new heart of Bluestone

POSTED ON 15 Feb 2018

There’s an exciting new precinct at Peet’s Bluestone, Mt Barker community in the Adelaide Hills – Parkindula Village – which is set to become a new focal point and central hub for this vibrant growing community.

Corporate cycling day

Corporate cycling day raises funds for cancer sufferers

POSTED ON 2 Feb 2018

Important cancer research and therapy was the big winner at the annual Penny’s Hill Peloton corporate event on Saturday 20 January.

Food trucks at Shorehaven

What's On - February

POSTED ON 23 Jan 2018

Get involved with whats happening in our communities around the country this February! Find out what's on in your state.

Tonsley Village sales office

Introducing Tonsley Village – Adelaide’s most innovative new address

POSTED ON 16 Jan 2018

You can now be part of Tonsley Village, one of the most exciting and innovative residential developments in South Australia, which was officially launched by the Honourable Kyam Maher MLC, Minister for Manufacturing and Innovation, on Sunday 14 January.

L-R: Toby Long (General Manager Mirvac), Tony Gallagher (Regional General Manager, Peet Limited), Malcolm Leslie (Senior Project Director, Peet Limited), Mayor Tim Overall, Councillor Michele Biscotti, James Service (Chair of Googong Township)

Googong landmarks receive new Aboriginal names

POSTED ON 27 Nov 2017

Four prominent landmarks in the new township of Googong have been given Aboriginal names in recognition of the area’s Indigenous heritage which dates back more than 20,000 years.

FY17 Results Cover Image

Strong full year performance for Peet Group

POSTED ON 24 Aug 2017

The Peet Group today announced an operating profit and statutory profit after tax of $44.8 million for the year ended 30 June 2017, which represents an increase of 5% compared with last financial year. Managing Director and CEO, Brendan Gore, said the results were achieved on the back of continuing strong conditions across the Group’s east coast markets. “The Group has continued to achieve price growth in these key markets and particularly across the Victoria portfolio. There were also signs of improvement in the Queensland portfolio, with increased levels of enquiry and sales,” said Mr Gore.

Peet community partnership's video thumbnail

Peet Community Partners

POSTED ON 19 Aug 2017

Supporting the community is in our DNA. Here are just some of the highlights of the wonderful local groups and organisations we have supported through our Community Partnership Program over the past year.


Peet teams up with the 'Experts in Fun!

POSTED ON 7 Aug 2017

Our commitment to innovation keeps us looking for new ways to deliver exciting lifestyle opportunities for residents in our communities across the country. Peet is excited to have joined forces with ‘experts in fun,’ the Mamma Knows Melbourne team, in an exclusive partnership to guide the design and development of our parks and playgrounds at Cornerstone and Newhaven in the west, and Aston and Aspect in the north.

Lego Travellers at Lakelands

Lego Travellers visit Peet Communities

POSTED ON 24 Jul 2017

Peet has been thrilled to have the Lego Travellers touring its communities in Western Australia throughout July.

Googong Mums

Health and wellbeing at heart of Peet communities

POSTED ON 18 Jul 2017

Lifestyles are evolving and Peet is creating communities that respond to the changing needs of homebuyers at all stages of life. Not surprisingly, more residents are making the most of the shared spaces – parks and open spaces that are designed as a kind of ‘communal backyard’ with places to get active and also relax with parklands, waterways, walking and cycling trails, BBQs, shelters, and play equipment.

Flagstone Bridge Opening

Flagstone Bridge Opening

POSTED ON 10 Jul 2017

We have a big, bold vision for Flagstone in Queensland where 12,000 homes and a complete city centre will be built over the next three decades and were excited to mark a major milestone on the project last week.


Peet preferred proponent for affordable housing project in Brabham

POSTED ON 5 Jul 2017

Peet is pleased to have been selected as the preferred proponent to partner with the WA Housing Authority to deliver the new Brabham project. With the potential to be home to thousands of residents with more than 3,000 dwellings, schools, neighbourhood shops and recreational areas, Brabham will be a major transit-oriented development linking the Swan Valley with the Perth CBD.

Lakelands Shopping Centre

Doors open at Lakelands Shopping Centre

POSTED ON 27 Jun 2017

The new Lakelands Shopping Centre opened its doors to hundreds of waiting shoppers on Wednesday 21 June and is now the largest shopping centre between Mandurah and Rockingham south of Perth. The 20,000sqm centre is anchored by Coles, K-Mart and ALDI and boasts more than 40 specialty stores.

Military Art

Military Art Program 2017 | Peet Limited

POSTED ON 1 Jun 2017

A unique exhibition of artworks from current and former serving defence personnel will be open – with some works available for sale – on the weekend of 25-26 June only at Wilkinson’s Gallery, Claremont Showgrounds. More than 100 works from participants in the Military Art Program Australia (MAPA), including representatives of Army (including SASR), Navy and Air Force, feature portraits, landscapes, abstracts and military war dogs, wildlife and other military and non-military subjects, a variety of sculptures and other works.


First Home Super Saver Scheme Explained | Peet Limited

POSTED ON 10 May 2017

If you’re looking to take that first step on the homeownership ladder, the Federal Government’s First Home Super Saver Scheme will help you save for a deposit by salary sacrificing into your superannuation account.

Aspect Norsta townhouses

Small Lot Houses On Trend | Peet Limited

POSTED ON 3 Apr 2017

Peet’s commitment to innovation has always been a key driver of its success. Today’s affordability pressures; changing demographics and lifestyles; and the need to limit urban sprawl have all contributed to the increased demand for smaller lots and built form options that don’t compromise on space or quality.

Military art workshop

Art At Sea Helps WA Forces This Festive Season | Peet Limited

POSTED ON 7 Dec 2016

WA defence personnel are taking up ‘arms’ in the form of pencils and paints to help them cope with being far from family and home during this festive season. A new initiative is encouraging serving men and women to immerse themselves in drawing and painting while they are away on a tour of duty. The Art In The Field project provides individual art packs to defence bases, outposts and naval vessels to give military personnel an artistic alternative to the usual off-duty activities such as fitness, sports and games – with a high degree of therapeutic benefit.

Major General Stuart Smith AO, DSC, Legacy Australian Ambassador and former Legacy ward launched the OLAKC in Canberra

Peet To Support Operation Legacy Australia Kokoda Challenge 2017 | Peet Limited

POSTED ON 16 Nov 2016

Major General Stuart Smith AO, DSC, Legacy Australia Ambassador and former Legacy ward, has today launched a joint initiative which will see Australian Defence Force (ADF) Members mentor Legacy youth in a leadership development challenge, to commemorate the 75th anniversary of the Kokoda Campaign.

Peet Managing Direct and CEO, Brendan Gore, with Alongside's Sarah Yates at Peet's 120 year anniversary celebrations

Alongside Strengthens Support For Frontline Families | Peet Limited

POSTED ON 6 Sep 2016

More than half a million people make up Australia’s frontline, working as Defence or Emergency Services personnel, where exposure to trauma is unavoidable and there is an increased prevalence of mental health problems.

Major new South Australian project for Peet Group

Peet Announces Major New Redevelopment Project In Tonsley SA | Peet Limited

POSTED ON 30 Jun 2016

The Peet Group will partner the South Australian Government in the redevelopment of the residential component of Tonsley – a major new education, industry and residential precinct just 10 kilometres from the Adelaide CBD.

UC signing

University Of Canberra & Peet Plan $1.7 Billion Project | Peet Limited

POSTED ON 30 Jun 2016

The University and Canberra and Peet have entered a conditional agreement for the proposed development of a new and innovative residential community in the ACT.

Coastal Lakes College image1

Education Minister opens Coastal Lakes College

POSTED ON 1 Jan 0001

Western Australian Minister for Education and Training, the Hon Sue Ellery MLC visited Peet’s Lakelands Estate on Friday 15 February to officially open the new public secondary school, Coastal Lakes College.


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