David is a long-time client. When we saw early signs of market recovery following COVID, he bought 2 ripper investments within 6 weeks.
This property is within an area that we rate for capital appreciation AND for development profits. It made perfect sense for him given his intentions to eventually develop for long-term retention. The disused power utility block in the corner of the block (separately titled and owned) complicated the listing a bit and stopped the vendors from selling at the fair market value of $1.45m.
We did the diligence with the utilities company, an environmental assessment and tree inspections.. A 2-3 townhouse development stacked up really well at the asking price, but given it had been on the market a while we negotiated hard and secured it at a bargain price of $1.385m. We then secured the disused 30m2 on terms agreed prior.
David appointed us to project manage the planning and design process with our preferred consultants. He and his wife were involved in all major decisions, and we landed really attractive plans that will appeal to young professional renters once they ultimately decide to build.
He had some kind words about us: “A few years ago I wanted to purchase a townhouse development site, it was something I always wanted do. I had experience in buy & hold property investing however I had never done a small development before so I researched several companies and found Property Analytics. Andrew has been great to deal with – he is honest, professional and reliable. I have gladly recommended him to family and friends.”
Lifestyle location with top amenities, schools and parklands
894m2 flat rectangular corner
Tired but rentable weatherboard
up to $1.480m
House $1.380m | Unit $0.753m
5.6% p.a. over last 10 years
Affluent demographic; top amenities and schools; premium neighbouring suburbs; lifestyle location
Under market value; safe development profits; strong capital growth prospects
Two attached 4bed/3bath dwellings (one single level)
12 months from purchase to endorsed plans
$4.200m once completed
$0.710m once completed
68% once completed
20% once completed
4.5% once completed
Harvey is a big earner, building a portfolio of negatively geared properties with value-add
Price : $1.850m
Location : Blue chip, affluent, close to hospitals, transport, shops and parks
Scope : 3 large, quality, detached houses
Profit : $0.900m
Return on Cash : 48%
Jim semi-retired from finance young and is building an impressive portfolio
Price : $0.950m
Location : Urban, gentrifying, with good transport and access to CBD
Scope : 4 attached street-facing townhouses
Profit : $0.475m
Return on Cash : 45%
Jack asked us to JV with him on a bigger site, and this made sense for us both.
Price : $2.125m
Location : Quiet, leafy, family-oriented with top schools and shops
Scope : 8 townhouse with dual access
Profit : $0.675m
Return on Cash : 58%