Big Block Needing Unique Design

Big profits without breaking dirt

Jack is a repeat client. He is a highly successful, well-financed executive who loves property but doesn’t have the time to invest fully in a development. We fit really well as JV Partners.

Originally asking over $3m, the vendors of this property mucked around for months (multiple siblings, deceased estate) and the agent was about to throw in the towel. I started talking to him when it was at $2.7m and when it finally hit $2.4m I said there is interest. After a few weeks haggling, we secured it for $2.125m on a long settlement.

Prior to purchasing, I had plotted all the trees, measured their protection areas, and got advice from a good arborist. An architect I’d known for years helped me development a concept for a very awkward block. And, a top town planner provided some good advice. Once we secured the property, we began the hard slog with Council.

Ultimately, they granted us a permit for 8 large houses. We completed all construction documents and appointed a top local agent to manage a sales campaign.

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Quiet, leafy, family-oriented with top schools and shops


3057m2 highly irregular shape with vegetation


Two uninhabitable weatherboards

Purchase Price


Market Value

up to $2.250m

Sale Method

Private Sale for nearly a year


12 months

Rental Income

Uninhabitable N/A

Rental Yield

Uninhabitable N/A

Suburb Median $ Prices

House $1.000m | Unit $0.732m

Suburb Capital Growth

8.1% p.a. over last 10 years

Growth Drivers

Popular with affluent families; proximity to important infrastructure and amenities; top schools

Why we rate it

Excellent value for money $/m2; long settlement; clear profitability with right design; min capital required

Development Scope

Negotiate effectively with Council for 8 townhouses and on-sell as build ready

Project Duration

27 months from purchase to on-sale

Project Costs

$2.725m inc full construction docs

Project End Value


Project Profit


Return on Cash


Return on Capital


End Rental Yield

Sold Permitted Site N/A

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