Hi All
Looking for some advice/input from the more experienced developers out there about locating/identifying suitable properties for redevelopment. Looking for methodology here, process, that kind of thing.Looking to expand the capabilities a bit!
Cheers
Matt.Search for properties with land size 800m squared or greater 1000 m squared.
Always check property found with local council before committing any further as I encountered a development ban in one area I was visiting as the area was already over developed.
Here's a few methodological suggestions:
A) Land within 500m of railway stations is currently being rezoned for higher densities.
Apartments offer a higher density yield than houses.
C) A consolidation of two neighbouring lots will often generate a higher density/m2 than the lots individually.
D) Establish a feasibility template of your own understanding that you can use to quickly assess properties.
E) Talk to the agents in your target areas. They know a lot….they also talk a lot!Good luck.
Thanks Christianb, much appreciated. I'm a process driven being, thus my question was phrased the way it was.
You're dead right about the agents, got a few good ones I work with up here, just expanding the network further.
cheers!
Matt.There is a good article here on how to find a development site:
In fact the whole series of articles here seem pretty good if you are interested in development:
http://propertyupdate.com.au/categories/property-development.html
Apartments offer a higher density yield than houses.
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