Three on a corner

Classic corner development – all with street frontage

Mike owns a successful building services business. He employs a variety of trades, and asked us to help him build up a property development business arm.

We quickly zeroed in on this suburb for him – his business operates nearby, projects of the type he sought can be highly profitable, and if chose to sit on the site for a while or rent out the completed townhouses (both scenarios he flagged as possibilities) then the rental income and capital appreciation would be strong.

After reviewing our preliminary Feasibility, Mike had a few questions about design options, build cost assumptions, and Council policies. We worked to answer all his queries with help from an Architect we work closely with. Over the course of a few days, he attended the site with a couple staff, spoke to the selling agent about values, and then asked us to bid on his behalf at auction.

It was a competitive auction, and we secured the site at $70k less than budgeted. Mike appointed us to project manage the planning and design, which we did with support from quality consultants who we’ve worked with for years. His newly formed project team learned a lot the process and are now building a successful new business arm.

“We’ve completed 2 projects with Property Analytics and have been thrilled with the level of expertise and friendliness of the business. We look forward to adding more projects in the future. We would recommend these guys to anyone looking for property advice that actually makes sense.”

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

Quality with parklands, schools, shops; adjacent to premium suburbs


Sloping 885m2 corner with views


Solid original double brick

Purchase Price


Market Value

up to $1.710m

Sale Method

Bought at Auction


4 months

Rental Income

$600 /week

Rental Yield

2.0% gross

Suburb Median $ Prices

House $1.300m | Unit $0.755m

Suburb Capital Growth

6.0% p.a. over last 10 years

Growth Drivers

Popular with wealthy downsizers, medicos, and families priced out of bordering suburbs

Why we rate it

Well below market value; corner position; flexible design options; rentable long-term

Development Scope

Semi-detached house-sized 4bed/3bath townhouses w GF Masters

Project Duration

14 months from purchase to build-ready

Project Costs

$3.720m to completion

Project End Value

$4.785m to completion

Project Profit

$1.065m to completion

Return on Cash

61% if on-sold with permits

Return on Capital

24% if on-sold with permits

End Rental Yield

4.4% once complete

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