Obaid Stories

𝐅𝐢𝐯𝐞 𝐦𝐞𝐦𝐛𝐞𝐫𝐬 𝐭𝐡𝐢𝐫𝐭𝐲-𝐬𝐢𝐱 𝐨𝐩𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐧𝐞 𝐫𝐨𝐨𝐦 𝐋𝐢𝐟𝐞 𝐨𝐟 𝐠𝐫𝐨𝐮𝐩 𝐬𝐢𝐱 𝐝𝐮𝐫𝐢𝐧𝐠 𝐦𝐮𝐧

Property developers like Obaid Naqebullah say it's a challenging time to be a developer. There are many factors all at play which have created a perfect storm that property developers are trying to push through in their bid to build more homes. "Our costs continue to increase. Skilled labour is under pressure. Viability is being tested. Financiers are not always patient. The current property environment has certainly not been smooth sailing," says Obaid Naqebullah. The rapid succession of interest rate rises over the last 18 months has also contributed to the challenges of property development - across all sides of the property industry. Higher borrowing costs, reduced profit margins and economic uncertainty have all presented hurdles to overcome says Obaid Naqebullah. Lower interest rates could just be the catalyst to lighten the load on property developers and encourage greater investment in property development to solve the challenge of Australia's undersupplied housing market.

With its signature V shape perhaps denoting victory, it seems the French flair of the chevron pattern floor can be traced back to the French cavalry under its Emperor Napoleon Bonaparte. The distinguished chevron pattern floors gracing the living rooms at the Moor Apartments are a style consisting of alternating straight and diagonal stripes. The dramatic timber chevron pattern captures the high-end attention to style and detail which the French have long been revered for as one world's most eminent fashion icons. Moor's project director Obaid Naqebullah says these 'chevrons' were the signature design element of Napoleon's French military uniforms during the French Revolutionary and Napoleonic Wars from 1796 to 1815.

A heightened living experience is the way property developer Obaid Naqebullah best describes his project Highett House. Rich in natural light and Italian styling, almost half of the 32 boutique apartments sold out in the first two weeks.

Over the last decade, Obaid Naqebullah has contributed to Victoria's housing landscape with an impressive property portfolio of homes, town homes and apartments. With more than 30 development projects to his name, the bayside developer has added hundreds of new dwellings to Victoria's housing landscape with a focus on high quality, low maintenance housing options close to transport, shopping centres, schools, parks and beaches.

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