Is unfortunate that down turns have to happen in property & economy. They say in every down turn there is opportunity. This doesn't mean every property can make money if you are developer. However for the developer that is ready to act when the right property is sold there is plenty of upside. Some properties are being sold OFF MARKET well below market value to DEVELOPERS IN THE KNOW.
Guess what? We have been in a down turn. YES its tough...thats precisely why in downturns the GOVERNMENT makes the FIRST HOME BUYER GRANT $15,000. This stimulates a steady stream of young people who are sick of renting and want to take advantage of the low property prices for themselves. It no surprise then that we only develop property that is AFFORDABLE & TO EASY TO SELL. In fact quite often we have already sold our properties before they are complete due to our sharp price pointing.
With the URBAN SPRAWL going all the way to Mandurah & Yanchep. It was very clear a few years ago that the URBAN INFILL PROCESS was going to boom. After all who wants to be an hour from the CBD, Family & WORK. So consequently our focus is within 15kms of the Perth CBD; near shops, schools and beaches, making it an ideal investment, especially with the return potential of inner-metropolitan property.
Building and selling in the same market for under 18 months means we can set a contingency plan for market fluctuations over the time period. This will assist to capture that intended profit margin.
You are also not exposed to large movements, or left with the possibility of being stuck with undervalued property.
Having an experienced team around you that can support you in many ways. Having someone else funding the deal will mean more security and less pressure as you go on your cashflow.
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