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Latest Alerts

Joy to the World!


Bring some joy to your world with this development site! This property is suitable for a 3 lot subdivision, and whilst initial indications were that we’d need to be at or above $1.5m, the timing of this listing in the lead up to Christmas, and advice from the agent (who is already on holidays) is that we have a chance at securing it for $1.4m. Joy! This site is over 900m2 and near shops allowing for subdivision down to 300m2 lots. It is in a desirable location and also contains a reasonable house, suitable for land bankers and owner occupiers. The numbers are indicating approximately $200k equity gain, but it isn’t as simple as that. Read on! Buyers at $1.4m should call Justin on 0410511535.  

Foot in the Door


This is a great opportunity to get your foot in the door, with the opportunity to purchase a property that can be subdivided, located in a quiet cul-de-sac, in a handy location for under $800k. Unfortunately, the house is in poor condition and it isn’t worth renovating, so this is on to subdivide with the option to then develop rooming accommodation. It is 607m2 with a nice wide frontage of 19m (approx), though a slightly odd shape at the rear. Buyers at around $790k should call Justin on 0410511535. 

Dive Into the Unknown


There’s a lot to like about this property, with some answers already available to us thanks to a previous  approval. The main issue with the site though is the approval doesn’t stack up, so as always we’re looking to improve on it, in this case by creating 5 townhouses instead of 4 units! Whilst the existing approval answers some questions, others remain so we’re diving into the unknown a little bit. As a result we will need a decent conditional period here to work through it, something to be carefully considered with Christmas just around the corner, but if everything pans out the way we hope we’re looking at over 31% equity gain. As a little sweetener, the existing house is quite attractive and should probably rent for around $750pw whilst you wait for your approvals. Buyers around $1.4m should call Justin on 0410511535. 

Copy Cat


This corner site has approval for 10 units, that whilst you’re unlikely to get again under current rules, still hold little appeal as they’ve got the unit mix wrong. Our hope is buyers focus on the approval and not on the alternatives, allowing us to buy this one at the right price. Our research indicates the site works best for freehold, terrace style townhouses, each one almost a copycat of the one beside it. Our numbers for this option sit at just over 30% equity gain, but it also isn’t the only option available to us, with a three lot subdivision to develop either small lot houses or rooming accommodation also on the table. Buyers at $1.85m to $1.9m and able to bid at auction should call Justin on 0410511535. 

 

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