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Latest Alerts

Sneak Peek


We’ve been given the heads up on this block of 4 flats/units that are coming to the market soon. We are short on detail, but based on the information we do have, we like what we see. The flats sit on 607m2 of developable LMR land that has the ability to go to three storeys and achieve city views. One of the main reasons we like this purchase is the proposed price is at or only jut above land value. It is also located in a quiet street in a premium suburb. We don’t know current returns but estimate market rent to equate to about 5% gross. Not bad for a premium location. From a development perspective we should be able to achieve 4 townhouses, and although the numbers aren’t quite acceptable yet, it should be too long before they work and in the meantime you’re achieving reasonable returns in a high growth location. Buyers around $1.75m.

Big


An off market opportunity presents itself with over 3600m2 of LR land for around $3.1m in a popular family suburb. Considering the ‘green’ location and land size, the property is remarkably and largely free from negative overlays, with the only knocks on it being flooding within the street (but we don’t believe this will prevent development) and slope on the block. Mathematically we can achieve 7 lots but 6 x 600m2 lots is more appropriate for the location and in consideration of the slope. At the proposed price we feel this is very affordable and could potentially suit an owner occupier or land banker as well as a developer. After allowing for some considerable costs, our numbers are showing approximately $900k equity gain. Buyers at $3.1m should call Justin on 0410511535.

Time


There is so much to love about this property, and we believe it has potential for a fabulous unit development and potentially fabulous numbers… but we’re not there yet and need some time. It will take hours, or possibly days to draw this up and better refine our numbers and at this point in time we don’t even know if we have a client who could undertake a project like this. We also don’t want to let this opportunity slip, hence the alert now. On offer are three houses side by side, each on 405m2, in a quiet street and in a popular inner-city suburb. Total land holding is 1214m2 (approx.) with a gentle slope. The land is zoned MR, which is where the first big opportunity lies, but what really sets it apart is it is situated directly opposite popular parkland, allowing for approximately 50% of units to have a parkland outlook. Not just satisfied with this, the rear of the complex should achieve a city view from the upper levels, meaning probably 70% plus of the units will have a desirable outlook. They want $1.45m per house firm, but we’ve plugged in $1.4m each for $4.2m total. We’ll need to see how we go!

Making Tracks


Here’s an opportunity for you to ‘make some tracks’, the only question really is ‘which tracks are you going to make?’ On offer is an off market LMR2/3 site (you read that correctly!), that for once doesn’t feel over the top in price (you also read that correctly!) that comes with multiple options. Located in a quality suburb and in a quiet street (though it is near train lines), this North-South orientated, mostly flat 650m2 site with an 18m+ frontage offers up multiple options, so it is now up to you to decide what tracks you want to make. Of the options, top of the list is probably two new houses showing approximately 21.5% equity gain, or three townhouses at 28%. Buyers around $1.55m+.

 

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