<a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a> has completed&nbsp;<a href="https://www.apartments.com.au/buildings/broadway-on-the-bay-crawley-168-broadway-crawley-wa-6009">Broadway on the Bay</a> in <a href="https://www.apartments.com.au/developments/crawley-wa-6009">Crawley</a>, a boutique riverfront development delivered by Edge's in-house construction team.

Over 80 per cent of the 21 apartments, positioned along the Swan River foreshore and parkland, have already been sold prior to completion.

The development draws on the site’s natural setting and the surrounding Art Deco character of Crawley. The design incorporates light-toned brickwork, sculpted curves, and bronze accents at &nbsp;street level, complemented by full-height glazing and moveable screening above.

[smartcode_project:default project_id=138456 project_image_fid=354363]

Each residence has been optimised to capture river and parkland views. Interiors feature natural materials &nbsp;such as stone, timber and bronze detailing, with the inclusion of high-quality finishes throughout.&nbsp;

The residents’ amenities focus on wellbeing and connection. Landscaped gardens, a yoga space, gymnasium and Western Red Cedar–lined sauna provide residents with a balance of recreation and relaxation, while shared lounges, a wine room and private dining area supports social engagement.&nbsp;

[smartcode_project:default project_id=138456 project_image_fid=354361]

The remaining apartments are predominantly three-bedroom layouts, priced from $3.8 million.&nbsp;The development has attracted buyers from Perth’s western suburbs seeking to downsize without compromise, as well as professionals and long-term locals drawn to the riverfront setting.&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/wa/how-edge-visionary-living-navigated-the-pandemic-and-came-out-stronger-five-minutes-with-gavin-hawkins">How EDGE Visionary Living navigated the pandemic, and came out stronger: Five minutes with Gavin Hawkins</a>

[smartcode_project_cta:default project_id=138456]

Joel Robinson

Edge Visionary Living completes Broadway on the Bay apartments in Crawley

North West Sydney is undergoing significant transformation, with population growth and sustained infrastructure investment reshaping suburbs like <a href="https://www.apartments.com.au/developments/tallawong-nsw-2762">Tallawong</a> into emerging residential hubs.&nbsp;

Minutes from Tallawong Metro Station, the newly launched <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew</a> development by <a href="https://www.apartments.com.au/developers/positive-investment-enterprise">Positive Investment Enterprise</a> is set within this evolving corridor, offering residents direct access to expanding transport, green space, and future retail.

[smartcode_project:default project_id=149637 project_image_fid=351026]

Frequent bus services and proximity to Schofields and Rouse Hill ensure efficient links to the broader Sydney network, while the nearby Metro North West Line connects residents to key employment centres in Macquarie Park, Norwest Business Park and the Sydney CBD.

The development’s address on Schofields Road places it within close reach of major retail and lifestyle destinations, including Rouse Hill Town Centre, which provides access to supermarkets, dining, cinemas, and specialty stores.&nbsp;

Local convenience is further supported by a nearby Woolworths and the addition of a planned retail precinct within the Kew community itself.

[smartcode_project:default project_id=149637 project_image_fid=351028]

Families benefit from a range of nearby educational facilities, such as Rouse Hill Anglican College, Riverstone High School, and Wyndham College, along with early learning centres and public schools.&nbsp;

TAFE NSW Western Sydney campuses also support vocational and further education pathways.

Recreational amenity is anchored by Rouse Hill Regional Park, offering extensive green space for outdoor activities. A broader network of parks and planned pedestrian and cycle connections enhances the walkability of the suburb.&nbsp;

[smartcode_project:default project_id=149637 project_image_fid=351027]

Within the development, Kew incorporates its own landscaped communal zones designed to foster connection and outdoor living in a low-maintenance setting.

This focus on space and liveability continues inside each residence, where thoughtful design and natural outlooks create a sense of calm and comfort. Most north-facing apartments capture views stretching to the Blue Mountains, while all homes are generously sized and carefully planned by the design team to maximise light, functionality and storage.

The apartments also feature smart technology, with secure parking and access to an electric vehicle fleet for residents.

Solar panels installed across the building help offset common area electricity use, reducing strata fees and supporting a more sustainable community.

Stage 2 is now selling, with one-bedroom residences starting from $565,000. Purchases are available from a five per cent deposit, offering an accessible entry into Sydney’s growing north-west.

[smartcode_project_cta:default project_id=149637]

Staff Writer

Connectivity and convenience at Kew Tallawong’s north-west address

Leading developer <a href="https://www.apartments.com.au/developers/time-place">Time &amp; Place</a>, alongside joint venture partners MaxCap Group and <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, have marked a major milestone across Southbank’s newest hospitality and residential tower.

They've completed <a href="https://www.apartments.com.au/buildings/the-queensbridge-building-southbank-90-queensbridge-street-southbank-vic-3006">The Queensbridge Building</a>, with the first stage now complete and fully sold-out. The&nbsp;project team is working towards the completion of stage two by the end of 2025. Limited stage two residences remain, with two and three-bedroom apartments ranging from 72 sqm to 174 sqm and priced between $890,000 to $3.35 million.

[smartcode_project:default project_id=1504 project_image_fid=272082]

The Queensbridge Building is designed to anchor the growing lifestyle precinct of Southbank, which is on the doorstep of Melbourne’s Arts Precinct, CBD, South Melbourne, and sporting and entertainment venues, with the addition of the soon-to-launch Hannah St Hotel to be operated by TFE Hotels, and five new restaurants and bars by hospitality operator The Mulberry Group – the creative minds behind Higher Ground, Hazel and The Kettle Black.

The food and beverage offering will encompass the Hannah St Coffee hole-in-the-wall coffee shop, Coupette Corner Bistro and Bar, the Terrace Lounge venue, Bar Hannah lobby bar and The Carriage Lounge, which is designed as a moody and intimate late-night retreat.

[smartcode_project:default project_id=1504 project_image_fid=272099]

Time &amp; Place Director and Founder Tim Price said&nbsp;The Queensbridge Building is shaping into the cornerstone of Southbank’s up-and-coming cultural and lifestyle scene.

"Punctuated by the Hannah St Hotel, new restaurants by The Mulberry Group, and experience-led residences that define the building, the precinct is certain to become one of Melbourne’s most popular.”

&nbsp;

&nbsp;

[smartcode_project:default project_id=1504 project_image_fid=272092]

Interiors at both The Queensbridge Building and Hannah St Hotel were thoughtfully curated by award-winning interior design practice <a href="https://www.apartments.com.au/interior-designers/flack-studio">Flack Studio</a>, with architecture by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>. Hannah Street Hotel is now taking bookings.

Amenities at The Queensbridge Building include private outdoor terraces, gardens, lap pools, wellness spaces, gym and co-working, with Hannah St Hotel services available for residences at the Clubhouse.

For residents, the building is designed to imbue a feeling of “modern nostalgia” – a warm, inviting and authentic feeling of home, balanced by the quality, sophistication and materiality of today’s luxury living.

Prioritising floor-to-ceiling windows to maximise natural light, open floorplans and meticulously curated finishes, the project is designed to give residents a blank canvas to paint their own experiences onto.

[smartcode_project:default project_id=1504 project_image_fid=272106]

The team maintained an intrinsic focus on experience during development, The Queensbridge Building is a highly walkable location in the centre of a 15-minute neighbourhood. It will benefit from continued investment in local infrastructure, nearby event spaces, wellness facilities, private areas, hotel amenities and hospitality, culminating in a building designed for residents who crave authentic experiences.

&nbsp;

[smartcode_project_cta:default project_id=1504]

Time & Place completes stage one of The Queensbridge Building, unveiling Melbourne’s newest lifestyle precinct

The transformation of one of Sydney’s key innovation and employment hubs has taken a major step forward, with <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> securing development approval for its new residential project in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>.

Approved by the NSW Minister for Planning and Public Spaces, the development at <a href="https://www.apartments.com.au/new-apartments/161-herring-road-macquarie-park-nsw-2113">161 Herring Road and 13-15 Lachlan Avenue</a> will deliver a 17-storey residential building comprising 181 one-, two- and three-bedroom apartments, including 29 affordable housing dwellings for key workers and lower-income earners.

Located just 300m from the Macquarie Park Metro Station, the State Significant Development forms part of the State’s broader strategy to deliver housing in well-connected, high-demand locations.

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, the project will feature landscaped communal areas, rooftop open space, and four basement levels providing 191 car parking spaces and dedicated bicycle facilities.

The development will also target an industry-leading 7-star average rating under the Nationwide House Energy Rating Scheme (NatHERS) and incorporate features including on-site solar energy generation.

Deicorp Chairman Fouad Deiri OAM said the approval reflected Deicorp’s ongoing commitment to delivering well-connected housing close to jobs, education and transport.

“Macquarie Park continues to evolve as one of Sydney’s most dynamic mixed-use precincts,"&nbsp;Fouad said.

"This approval allows us to move forward with creating high-quality, accessible homes that contribute to a more inclusive and sustainable community."

As part of the development, Deicorp will make a $2.8 million contribution to local community, cultural, and open space infrastructure, as well as a $1.6 million Housing and Productivity Contribution, supporting the delivery of local services and public amenities.

Located within walking distance of Macquarie University Metro Station and Macquarie Centre, the project adjoins the State Significant Macquarie Park renewal area, a key growth precinct identified for new homes, improved transport links and public domain upgrades.

With the development consent now in place, Deicorp will progress detailed design and early construction planning ahead of a targeted commencement in 2026. Deicorp currently has over 2000 apartments under construction across Sydney.

Deicorp greenlit for new Macquarie Park apartment project

Buying off the plan doesn’t mean buying blind. There are several new innovations that allow prospective purchasers to get a true feel for how the apartments are going to look once completed.

Melbourne developer <a href="https://www.apartments.com.au/developers/gamuda-land">Gamuda Land</a> has gone down the route of creating a prototype apartment for its St Kilda project, Fareham, allowing prospective buyers a first-hand look at the finished residences ahead of completion by Markscon.

“We understand that purchasing an apartment off the plan can feel like a leap of faith,” says Shawna Fam, Head of Sales &amp; Marketing at Gamuda Land Australia. “That’s why we’re proud to offer a hands-on experience that gives buyers complete confidence in their decision - from the finishes, to the outlook.”

[smartcode_project:default project_id=137950 project_image_fid=281451]

<a href="https://www.apartments.com.au/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda-vic-3182">Fareham</a>&nbsp;has been designed by <a href="https://www.apartments.com.au/architects/bayley-ward">Bayley Ward</a>, with the architecture drawing on its coastal setting, with soft curves and materials that flow through into the interiors, reinforcing a sense of calm and connection to place.

There are still select opportunities across two, three, and four-bedroom layouts, which offer a sense of privacy with a maximum of just five apartments per floor.

Inside, residences have been designed with a practical mudroom at the entry, a rare inclusion in inner-city apartments, offering dedicated space for coats, shoes and bags. The open-plan living and dining area is bathed in natural light and oriented towards a private balcony, where future residents will enjoy uninterrupted views across Albert Park Lake and the Melbourne skyline.

[smartcode_project:default project_id=137950 project_image_fid=281437]

Clever touches such as a concealed Euro laundry ensure space is maximised without compromising on aesthetics or functionality - all reflecting the level of finish owner-occupiers can expect in the completed residences.

Sustainability has also been prioritised, with Fareham targeting an 8.0-star NatHERs average rating, achieved through solar integration, all-electric systems and water-sensitive landscaping.

With the structure now topped out, construction partner Markscon is advancing internal works throughout all 16 levels.

[smartcode_project:default project_id=137950 project_image_fid=281436]

Fareham is attracting steady interest from local downsizers, professionals, and families, seeking a home just 500m from the foreshore, with a tram, Albert Park Lake, and Fitzroy Street at the doorstep. Resident lifestyle has too been prioritized within the building, with private amenities including a rooftop terrace, yoga room, and a podium garden.

Fareham is on track to welcome buyers by mid-2026.

“From the very first enquiry, we’ve taken buyers through every aspect of the project in detail,” Shawna Fam added.

“One-on-one consultations help them explore layouts and finishes tailored to their lifestyle - it becomes a truly collaborative journey.”

[smartcode_project_cta:default project_id=137950]

Gamuda Land unveils display apartment at new Fareham development in St Kilda

Cash Flow

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The Agency Group has denied a Fairfax Media report alleging it had delayed acquisitions "as it scrambles for cash."
<div>
The burgeoning agency has told its shareholder it had delayed the acquisitions of two key real estate businesses.
The West Australian company was due to settle on its $950,000 acquisition of another WA estate agency Sell Lease Property last week.
The Agency was also expected last week to exercise an option to acquire real estate group Top Level, which operates as The Agency East Coast under a licence agreement.
Instead it extended a trading halt in place since Monday until this Tuesday.
The Agency Group acquisition of the ServTech Global Limited subsidiaries Sell Lease Property Pty Ltd, Complete Settlements Pty Ltd and Value Finance Pty Ltd had been delayed due to a "small number of conditions" needed to be satisfied prior to settlement. 
</div>
<div>
The acquisition of Top Level is reportedly delayed due to procedural issues relating to ASX compliance.
The AFR advised acquisition of the two businesses "would transform the cash-strapped start-up from a cash-flow-negative operation to one that is cash-flow positive."
The Agency released a quarterly update of its financial position indicating the first quarter of 2018 could see a negative cash flow position of $3.1 million.
</div>
<div>
The Agency raised $1.92 million through the issue of new shares. The acquisition of Top Level will be through the issue of around 366 million shares in The Agency which requires shareholder approval.
Previously called Ausnet Financial Services, The Agency is backed by mortgage broker Finsure, co-founded by mortgage broker John Kolenda.
An updated AFR report noted its report on the company had the words "as it scrambles for cash" removed from its online version.
In its half year report lodge with the ASX, covering the six month period to 31 December 2017, The Agency Group confirmed it had completed 322 settlements across their wholly-owned operations, valued at $190.5 million.
The number of listings grew to 492 listings during the period, a 30 percent increase on June HY2017.
Gross commissions for December HY2017 came in at $3.76 million, a 45 percent rise on June HY2017. 
“The six months to 31st December 2017 has been a pivotal time in the short history of the company as we continue our significant growth trajectory in both west coast and east coast property markets," said The Agency Group Australia managing director, Paul Niardone, adding that "the company’s unique business model works and will continue to provide significant revenues going forward.”
Top Level, which boasts some of Australia’s leading property professionals, is operating under licence to The Agency Group.
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j.ballantyne1990-6AQqhLzZaK

The Agency Group denies it's scrambling for cash

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<div>
The young high flying Sydney investor Nathan Birch has been quietly sued by a lender after his company defaulted on a $535,000 mortgage on a Gold Coast investment property.
Birch has confirmed he had "briefly" fallen behind on "one or two mortgages" citing increased lending restrictions arising from the much-heralded Australian Prudential Regulation Authority investor crackdown.
Birch (below), who proudly describes himself as a little bit bogan, drives a $200,000 Bentley bearing the number plate CSHFLO.
He was named Your Investment Property magazine's runner-up investor of the year in 2013.
The arrears situation is a small part of the portfolio built up by Birch who describes himself as "young, bold, brash" - and "one of Australia’s most successful, respected and listened-to property investors."
His $50 million portfolio of over 200+ properties, saw him tally a net worth exceeding $30 million dollars with a passive income after expenses north of $2 million since buying his first property at eighteen.
Court documents cited by the Australian Financial Review showed Birch's company HLG One Holdings Pty Ltd had failed to pay amounts owing on a $535,000, 30-year interest-only mortgage for 9 Victor Avenue, Paradise Point, which has three two-bedroom rental units on one title.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/8/nathan.jpg" alt="">
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<div>
HLG One Holdings, of which Birch is the sole shareholder and guarantor over the loan, was given 31 days to remedy the situation or be in mid-year default.
At the time in a <a href="https://binvested.com.au/nathan-birch-selling-properties/" target="_blank">blog post</a>, Birch announced he was selling down his portfolio.
“For a long time now, I’ve been collecting properties like kids collect action figurines in a Happy Meal,” he wrote. “I never like to see one go.
“But recently, the finance environment has changed. It’s a bitter pill to swallow for a buy-and-hold investor — but I need to optimise to [suit] the times we are in by letting go.”
Birch told news.com.au mid-year he was looking to offload up to 20 properties estimating he would reduce his debt to about $18 million.
</div>
<div>Birch blogged that he was adjusting his portfolio and riding the finance challenge "without breaking a sweat".</div>
<div>
"For years now I have been channelling equity into deposits for new properties, but it's no secret that equity is very hard to release these days – even if you have millions of dollars of it," he told his many devotees.
His recent HLG company sales include a Box Hill, outer Sydney holding which fetched $625,000 last November, having cost $567,000 in 2015.
Among the property HLG retains is a townhouse at Woodridge in Queensland which was <a href="https://www.realestate.com.au/sold/property-unit-qld-woodridge-120184193" target="_blank">bought in 2015 at $124,000 when tenanted at $220 a week</a>. Last month it sought tenants at $200 a week having sought tenants in November at $230 a week.
<div>Permanent Mortgages sued HLG One Holdings and Birch claiming repossession of the property together with $548,367 and interest accrued on the amount at a rate of 11.94 per cent a year from August. The claim was filed in the Brisbane District Court by solicitors Dunstan Hardcastle, acting on behalf of Permanent Mortgages, a subsidiary of non-bank lender La Trobe Financial.</div>
<div> </div>
<div>On October 24 Permanent Mortgages secured judgement against HLG One Holdings, but has yet to undertake any public sale. It <a href="https://www.realestate.com.au/sold/property-unitblock-qld-paradise+point-121557538" target="_blank">last sold in 2016</a> at $815,000, then returning a total of $780p/w.
</div>
<div> </div>
</div>
<div>In his recent emailed response on the court matter to the Financial Review, Birch advised 2017 had "more than anything highlighted just how important strong cashflow is".</div>
<div>
He said that he had had to adapt his investment strategy.
"As a result of the tighter lending practices, I have simply sold some smaller properties and purchased larger ones to set myself up for a development phase in my portfolio," he advised.
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Cash flow issues catch up with investor Nathan Birch on Paradise Point property

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<img src="/images/2016/05/25/Holdencapital_banner.jpg" alt="" width="603" height="127">
SPONSORED POST
The property development scene continues to evolve and developers are always looking to find new ways of improving their product and returns, however there are a number of commonly used acquisition strategies that they continue to utilise and I thought I would evaluate the 5 most common strategies and look at why they are effective.
1. Buy and hold strategy
This is where the developer purchases the property and holds on to it long term while waiting for the right market conditions to maybe reposition its use via a change of zoning and then redevelop it. To be effective there needs to be a cash flow generated from the property via a retail tenancy or similar that enables the developer to achieve a neutral cashflow utilising a level of debt funding that is prudent but maximises his effective use of his capital. Ideally if it can amortise some of that debt over time, all the better. Ideally this gives the developer the option to sell a rezoned site at a profit or assume the development risk and achieve an enhanced return. This strategy requires a significant capital outlay and the return may only be marginal if the full development strategy is not taken up. 
2. Buy and on-sell
The developer may purchase a property with an intention to purely on-sell it in the short to medium term. This could be due to identifying an opportunity to secure good terms or a low price enabling a profit to be made from a quick turnaround sale. This might be achieved by offering to purchase with a cash unconditional contract that might be attractive to a purchaser under financial stress enabling you to negotiate a lower price. Alternatively you might identify the ability to obtain a development approval and significantly increase the site value enabling a quick on sale where there is strong demand for the amended use. This approach is much smarter the being the biggest idiot who pays top dollar for a prime site already with a DA in the hope that he will then make a development profit. 
3. Option contract
A number of creative developers seek to secure a property by putting it under an option contract enabling them to then work up a strategy and either on-sell or develop. This is a creative way to acquire control of a property without having to own it. If they take the on sale route, there is the added benefit of a potential stamp duty saving (please take advise from your solicitor as there are varying state legislations in respect to this strategy), as the developer has not legally purchased or settled the property but has a legal right to deal with it including transferring their rights under the option agreement. This may include obtaining a development approval to increase its potential and enhance its value. This method of acquisition allows a developer to have control over the property buy not requiring to put much cash into buying the property until they have increased the value of the property, example by obtaining a DA. 
4. Buy &amp; develop
Clearly this is the most common strategy that a developer will utilise especially in a quiet market where there are opportunities to buy in at low prices. An example of this was in 2008 during the GFC here a number of developers needed to sell property at liquidated prices. Over the years the market improved and the property would have increased in value to either develop then or sell at a profit. If a developer has acquired a site in a soft market, then there could be good potential uplift in the land. However, if they are in a cooling market then they may have purchased a  site at top prices and find themselves in a challenging situation. The current market does indicate that sentiment is easing and that there may be risk of oversupply in some locations. 
5. Development agreement 
This is where a developer secures a deal with a land owner. This is typically called a Land Development Agreement (LDA), where the developer has the experience and skill set to obtain a development approval and complete a development. The land owner retains ownership of the land for the developer to develop and receives his land value along with a share in the end profits. This is a good win-win solution for both parties. This scenario occurs more frequently where the land size is large with multiple stages enabling the developer to undertake the project without the need to purchase and hold the balance land over an extended period. In most cases the land owner is not experienced in development and benefits from a share in the uplift in value created by the developer which they would not ordinarily get to do if they tackled the DA process by themselves. As always, you need to do your due diligence on who you do business with and take appropriate advice as different states have differing stamp duty rules which may apply. 
Conclusion 
Each of the above acquisition strategies have different pros and cons. There may be stamp duty implications that may or not apply to the purchase. The capital component is different for each scenario and market conditions can change as well, so a developer will need to be very mindful of current market conditions and be ready to adapt should conditions change and seek appropriate advice. 
For example, the construction finance with major banks has shifted from fluid to extremely limited within the last 6 months. Most developers who acquired their sites last year had expectations that their bank would automatically provide them with terms as they had done in the past. However, all major banks are now very cautious with their lending and are doing so at reduced levels of exposure with many developers now find themselves committed to their site but not having certainty of the funding required. 
Developers need to broaden their understanding of the growing number of alternative funding options that are available to them as the construction finance sector is rapidly changing. 
Just as you would normally take advice from an experienced town planner before lodging a DA, it pays to seek expert finance advice when considering to purchase a property to develop. By working closely with a specialised financer who understands your needs, the market conditions and the structure being utilised to acquire the site places you in a strong position to find the best construction finance solution for your next project.
This article was written by Dan Holden of HoldenCAPITAL, who are a bespoke construction finance firm, they arranged over $300 million of construction finance in 2015 across 52 projects. To discuss your project finance requirement please call (07) 3171 4200 or visit <a href="https://www.holdencapital.com.au" target="_blank">www.holdencapital.com.au</a>
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firstname-zEygzUaHDN

Top 5 acquisition strategies for property developers: HoldenCAPITAL

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GUEST OBSERVER
A few short years ago, locations like Port Hedland in Western Australia or Emerald in Queensland were offering returns of up to 15%.
Well, that was then, this is now and the dive in commodities prices has been mirrored in property investment returns.
Adding to the slowdown, most lenders have dropped the LVRs on higher returning investments such as student accommodation and serviced apartments to levels that would have left many investors scratching their heads and wondering if the extra deposit required was really worth the returns.
This raises the obvious question of whether cash flow positive investments are dead or at least, needing urgent resuscitation.
Having owned several cash flow positive properties in both Queensland and WA, I know firsthand how much it can hurt when rentals start to fall.
Yet, despite this, I am still adamant that positive cash flow is the right investment strategy for most investors.
So, that means the next question is where in the current market can you find cash flow positive properties?
The answer is quite simple. You have to create them rather than hold off in the hope they find you.
Duplexes and dual key properties are the best and safest cash flow positive property an investor can acquire, particularly in today’s tough economic climate.
They can be developed in most metropolitan locations which means you don’t run the risk of fluctuating returns based on local industry plus there’s the opportunity for two rental incomes under one roof which generally shows a profit rather than a loss.
Duplexes also have the added benefit of a potential development profit through subdivision.
And this potential for development is really worth considering because instead of sitting back and waiting for capital growth you can create and drive equity, in turn, becoming a master of your own destiny.
Here’s a checklist of issues to consider:
Location due diligence is still just as important as any other property investment so narrow your search to growth areas with high rental demand for three bedroom dwellings.
Make sure the land is subdividable before you purchase. It’s too late once you’ve signed so think about enlisting the services of a town planner.
Find an experienced builder that has undertaken these types of build before and don’t over pay. Sure, it’s a bigger build but it’s all under one roof.
If you’re thinking about planning and subdivision always refer to local professionals who know the intricacies of the council with whom you will be dealing.
Finally, remember that you don’t need to sell the property to make a profit.
When you factor in things like agent’s fees and capital gains tax, you can actually access the same, if not more, equity by simply revaluing the property and increasing your mortgage.
This type of  “equity release” can then be used to move onto the next project and the duplex could still be cash flow positive, depending on the rental income.
This is a very sound strategy as the property can still create an income and gain capital growth while you continue to build your portfolio.
Paul Bieg is the founder of <a href="https://www.bigpropertyinvest.com.au/" target="_blank">Big Property Investments</a>
<a href="https://www.bigpropertyinvest.com.au" target="_blank" style="font-size: 12.16px; line-height: 1.3em;"> </a>
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