Rented, got permits, sitting

Proactively engineer equity growth with permits

Rupinder and Jaspreet had a great experience building their own home, and it inspired them to invest with a mind towards developing. They met with a few Buyers Advocates, and eventually appointed us – partly because they wanted to deal with the Director of our business throughout.

We considered their budget and objectives, shared data explaining capital growth history, drivers, and projections, and suggested a few properties in a suburb that they’d never heard of.

R&J ruled out the first couple opportunities. It became clear that they didn’t want a big block; they weren’t interested in a 3+ townhouse site; they don’t like busy roads or any other with obvious ‘warts’. What they wanted was a property that would comfortably rent for years, and one that they could safely develop into 2 townhouses for future capital growth and rental return – eventually.

Andrew managed the search, planning and design, and build documentation process. They got along so well that Rupinder decided to work with us as a Client Relationship Manager.

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Explore Details Across Property, Investment, and Development Tabs
  • Property
  • Investment
  • Development

Pretty village, improving infrastructure, great demographics


853m2 rectangular sloping up


Tired but rentable weatherboard

Purchase Price


Market Value

up to $0.860m

Sale Method

Private Sale, 3 weeks post-auction


3 months

Rental Income

$370 /week

Rental Yield

2.3% gross

Suburb Median $ Prices

House $0.871m | Unit $0.679m

Suburb Capital Growth

7.1% p.a. over last 10 years

Growth Drivers

Diverse and affluent demographic; widespread gentrification; big infrastructure projects; media hype

Why we rate it

Good value post-auction buying; safe, profitable development; top growth and rental prospects

Development Scope

Two detached 4bed dwellings on own titles, one single level

Project Duration

12 months to secure permits

Project Costs

$1.920m Turnkey

Project End Value

$2.300m once completed

Project Profit

$0.380m once completed

Return on Cash

68% once completed

Return on Capital

20% once completed

End Rental Yield

4.5% once completed

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