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Project Update 08.02.2024

Project Update: Spindrift, Margaret River WA

IDA is proud to continue its longstanding association with development partner Goldfields Group by way of the provision of a $17mn first mortgage facility in connection with delivery of stage 2 of Goldfield’s master-planned residential community development project known as “Spindrift” located in Margaret River, Western Australia.

Following multiple research trips to Western Australia throughout 2021 and 2022 having identified appealing market fundamentals, IDA is pleased to see recent performance metrics prove our thesis that Perth’s greater metropolitan residential property markets were poised for growth following the removal of mobility constraints post the Covid-19 pandemic.

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