Hi,
I’m new to property development and currently doing learning/research myself at the moment. Just looking at properties on Domain and calling up real estate agents and see how the market is nowadays. My impressions is that it is difficult to find a decent size of land/property which has development potentials in Sydney. Not mentioning finding a site zoned to build units on, it is generally hard to find a site for townhouses at a reasonable price.
Where are the developments going on these days? Does anyone have the same experience?
JT
Oh man I just had my rant in the other thread (09 crash) They are auctioning off anything worth subdividing in Victoria. The prices are through the roof and there is stacks of people all fighting it out even in suburbs that are 40-1hr away from the city. Stupid!
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Medid a bit of searching and found http://www.sitesforsale.com.au/Sites/NSW/Raw_Sites/NSWRaw.htm
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105394087&f=100&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one may be able to strata title and sell each unit separately you would need to apply for strata title and check with council before buying.http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106327877&f=90&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one actually is advertised as a development potential site. May need to check if asbestos in cement fiber sheeting !http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106171910&f=110&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one actually is advertised as a development potential sitehttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105437507&f=120&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one is 11 Acreshttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106315653&f=120&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
May need to check if asbestos in cement fiber sheeting !I know these may not be close to the city but they are larger sized blocks
kevin.mohi wrote:Thnx Kevin
duckster wrote:did a bit of searching and found http://www.sitesforsale.com.au/Sites/NSW/Raw_Sites/NSWRaw.htmhttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105394087&f=100&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one may be able to strata title and sell each unit separately you would need to apply for strata title and check with council before buying.http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106327877&f=90&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one actually is advertised as a development potential site. May need to check if asbestos in cement fiber sheeting !http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106171910&f=110&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one actually is advertised as a development potential sitehttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105437507&f=120&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
This one is 11 Acreshttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106315653&f=120&p=10&t=res&ty=&fmt=&header=&cc=&c=35807669&s=nsw&snf=rbs&tm=1267507945
May need to check if asbestos in cement fiber sheeting !I know these may not be close to the city but they are larger sized blocks
All useful info. Thanks duckster.
Do people normally go to these public website for most of the sources for development sites? Someone says some of the deals are made off-market. Anyone knows how to get access to these deals?
Wow! Thanks Kevin for that site I'll check there first from now on!
Duckster you have missed your calling as researcher!!!!! You always have something great to add after like a minute of looking!
None of this is Vic the land of the expensive! Had a quick go through the Millarslist and it is really good for NSW sites! I'll keep looking for good paddocks to put 2-3 cash cows in!
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Me[/quote] All useful info. Thanks duckster. Do people normally go to these public website for most of the sources for development sites? Someone says some of the deals are made off-market. Anyone knows how to get access to these deals? [/quote]
Correct – most 'good' deals are obtained through developing and maintaining a relationship with either a good agent, or by going out and speaking to vendors directly and yes they do occur quite often 'off market'. This takes research, time, effort. Its not an easy or simple job to find good development sites. It will require you to go out and talk to people, read RP Data, look at maps, get your town planning knowledge sorted, have a plan. Identify the agents that deal more in development rather than 'retail' real estate (eg; selling houses). The issue is a LOT of people are out there trying to do this same thing, and until you actualy demonstrate your'e willing to make the effort and more importantly (to them) spend money, you'll be in with the rest of them/us in trying to get to these deals. Its a tough market to be in.
Good luck!
I just have one issue with the millars list site. The colour scheme is appalling!! I bet the creator is colour blind.
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