Build 4 and Keep Them All

Jim is transitioning from the finance industry into full time personal investing. A high growth property portfolio is a big part of his planning.

This is his first residential development in Melbourne (we’ve since purchased him another) and he wanted a straightforward project with minimal planning and construction risks. This off-market opportunity came to me through my network, and the long settlement really appealed to Jim.

We bought it at pretty much market value and Jim appointed us to quickly attain planning permissions. We managed the process with our preferred consultants for this type of low scale project, and got permits before settlement. We then assisted Jim through the build tender process, and he appointed a builder and completed construction.

He’s renting out all 4 new townhouse and is getting a great rental yield while benefitting from big depreciation schedules. He’s appointed us to find a 3rd development for him.. “Rinse and repeat” is how he put it.

Jim had nice things to say about our services: “Andrew Stone has helped immensely with my first investments and developments in the Melbourne market. He marries a high level of industry expertise with commercial common sense and a practical approach. His understanding of the planning process is second to none and has helped to save money and time.”