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Latest Alerts

Go for Gold!

The buyer of this needs to have a little faith, as we’re proposing an end value that hasn’t been achieved in this location (unless waterfront), however, we believe the money is there and achievable in part due to the land size (1000m2 approx), the city views, and the fact almost nothing brand new can be or has been created in the area due to the amount of character in the location. We are proposing a $4m end value. There’s a heap of sales of vastly inferior property in the high $2m to low $3m range as well as a recent $3.75m sale of an inferior property, and a 2017 $3.75m sale of a larger house on slightly larger land, but inferior finishes and inferior views. In short, there’s no $4m sales because nobody has produced the product yet! Our numbers are indicating close to 20% equity gain for a single house build. It would also suit an owner occupier developer ready to develop their dream trophy home. This is a vacant land sale in a premium location with access to amenities and quality city views. Let’s go for gold! Buyers at $1.55m should contact Justin on 0410511535.

It Takes Two

It takes two, in this case two lots in a premium location! This property consists of a post war home (or pre-war that has been heavily altered) that we believe can be demolished, already situated on 2 lots with 11m frontage and 380m2 each. They are elevated, in a quiet-cul-de-sac, North-South orientated and located exactly where home and land buyers want to be. Land sells for big money, and new homes for bigger. You can sell vacant or build, both showing good profits. Buyers around $1.85m and prepared to buy at auction should call Justin on 0410511535.

Screaming Buy

We have been watching this one but was put off due to price expectations. However, as the Expressions of Interest campaign is coming to a close, the new price expectations that the agent has just advised now make this a screaming buy! A square block of vacant land in a great pocket of a great suburb looks like it can be purchased for under the Government assessed Site Value. We can’t remember the last time we saw that. The opportunity is to build a lovely new family home to on-sell for a tidy profit. Buyer’s around $625,000 should call Adam on 0438 738 843.

In The Know

It pays to know the rules, and we know the rules better than most. The vast majority of buyers will look at this site and see an 810m2 LMR block with pre-war house that takes up most of the width and limits development potential to maybe two townhouses in the backyard. But we see the opportunity for 3 houses on 3 lots all with street frontage. Buyers around $1.35m should call Adam on 0438 738 843.


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