So you’re either just starting out, or an experienced property developer. You know how profitable the industry is in Australia and want to maximise your chances of success, and optimise your profit margins.
If you’re serious about property development, the first step is to find a viable development site. And this isn’t easy.It could take up to 20 hours per week of your time to properly do this, and takes vast experience to know which sites are profitable and viable. We use our own “Feasreport” software to aid us in the decision making process. Watch our video to find out more.
PropertyStart will search and analyse Development Sites in the designated areas and budget.
PropertyStart will locate suitable development site, investigate and assess overlays & relevant res-code.
PropertyStart will present profitable development sites to the investor.
The presented opportunities will have a schematic layout of the proposed project.
PropertyStart will conduct Market research and compile comparable sales data.
A detailed feasibility report will be produced for each opportunity.
Total Project costing’s inclusive of allowance for building, professional fees and interest will bepresented in the feasibility report for each opportunity.
PropertyStart will negotiate with the vendor or vendor’s agent of the selected property by the Investor to purchase the property on favourable terms (must choose buyers advocacy).
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We try to create a product that’s suitable for first-timers, down-scalers and investors. This means we are always looking to develop product that’s around the median price, or even slightly below the median, in a targeted area. This has proven to be a very stable niche because even during crises like the GFC, people still wanted housing and so the affordable segment didn’t go backwards, unlike the top end, which took a beating.
Once you’ve made your target region selection, the third key is narrowing the field of selections to find the best site you can for your buyers. We always look for sites that have superior capital growth prospects, and which also will be neutrally or positively geared.
LOCATION, LOCATION, LOCATION
The second vital key to site selection relates to that age-old adage of “location, location, location”. You simply can’t go wrong by starting with an in-demand location. This means knowing where the property cycle is at and targeting general regions that are due for a run on capital growth.
The fourth vital key to selecting a great site is to ensure the area has great infrastructure investment going on that will attract new people to the area over the long term. This means that it needs to have great transport, ideally rail, bus and road.
HEALTHY PROFIT PROJECTIONS
The final part of your research is ensuring the particular site is going to yield a sufficient profit that the banks will fund your project. Remember banks only lend to viable projects and developers with a track record of successful delivery, therefore you’re going to need to demonstrate that you know your numbers in great detail.
If you’d like to see an example of a detailed research report that’s going to make the banks love you, and have buyers knocking down your door, then please get in touch with us to see what we can do for you. For a Free Review of Your Situation, Call 1300 791 179 for an Obligation Free Consultation.