What you need to buy a development in Toowoomba

Investigate Property loves some of the development opportunities that Toowoomba presents. For those of you who don't know much about the Toowoomba market, take a read of this previous article of ours 'Why Toowoomba?'. For those of you who have read it and realise like us that Toowoomba is a great place to invest, you may be now wondering, what can I expect for my money? Wonder no more! Here's a snapshot for you:

It takes a few things to buy a development site in Toowoomba, however the main things are as follows: 

  1. You need to buy in the right location  
  2. You need to make sure the product that can be developed on the site suits the end goal.
  3. You need to be the first to know about certain sites (having a relationship with the agent) otherwise you could miss the best deals.
  4. You need to know how to solve problems cheaply to turn a dud into a stud of a site.  
  5. You need to know how the different zonings work and what can be developed in those zones.
  6. You need to know the costs of the different types of developments that can be built
  7. Finally you need to know that your product will rent or sell at the end of the development (depending on your goal) and ALWAYS have a Plan B that will allow you to move forward in your investing capacity.

ALL OF THE ABOVE we provide expert guidance in.

In summary, a development in Toowoomba is more achievable than you may think. With Investigate Property’s help we can ensure you buy a site with potential and conduct research to minimise the risks and to double check there are no ‘gotcha’ elements to the site such as flooding or lack of services and infrastructure. Click here to find out more about becoming a client.

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