Property Development Projections in Melbourne 
property development
Melbourne’s forecast population growth is projected to require over 56,000 new dwellings by 2040.
For the aspiring or established property developer, this is good news. Multi-unit developers are ongoing to increase in demand as the population of the city continues to rise.
These included inner-city hubs such as Fitzroy North, Brighton East and Thornbury, to the metropolitan outposts of Koo Wee Rup North, Bunyip and Mambourin.
Even in what has been a turbulent few years for the world, rental vacancy rates have also held steady at 1.9 per cent.
Townhouses, duplexes and units in Melbourne are going to continue to be more accessible to renters and buyers alike than stand alone dwellings. For the Melbourne property developer, the benefits when investing in this are high investment returns, tax incentives, and wealth creation through property appreciation.
Many of our clients utilise their development to subside the cost of living by living in one townhouse and renting the others. Others use their Melbourne property development to fund future investments.
Delcon design and construct are multi-unit and townhouse builders in Melbourne. Having worked in the space for over a decade, we’ve seen trends and strategies come and go. No matter the market, land and property continue to be a sound investment, when done right.
Multi-unit and Townhouse Developments in Melbourne
A multi-unit development refers to a construction of multiple houses or units from a lot of land, like a duplex or townhouse. With the increasing population, this development can help maximize the potential of even a small block of land, especially in areas where there are limited or expensive housing opportunities.
How do Multi-unit and Townhouse Developments in Melbourne work?
The process of construction usually involves the acquisition and knockdown of an existing, older property on a large parcel of land. The land you buy must be large enough to accommodate multiple dwellings, as specified by council.
At delcon work with our clients to design a development that maximises the use of the land in accordance with specific council regulations. All the planning is completed prior to commencement of the project to ensure the timeline and budget are secured prior. Based off this design, and an analysis of market conditions, we assist our clients to project their return on investment and determine whether or not the project is commercially viable.
Specific planning requirements and design guidelines are developed with the following considerations:
- Land size
- Zoning
- Orientation
- Landscaping
- Car parking
- Pedestrian access
- Facilities
- Amenities
Not all developments in Melbourne are created equal. In order to ensure a viable project, we speak with the client about both their budget and their goals. Often aspiring developers have unrealistic expectations around profitability and return on investment, so it’s important to do your research and speak with a specialist development builder. A specialist multi-unit development builder like delcon will ask the right questions and be able to provide you with accurate projections.
Here are some of the things to consider before you get started:
- Property location – is it in a growth area?
- Accessibility – is there public transport and easy access?
- Population and economic growth – what are the projectections?
For more information on this read our previous article.
Delcon design and construct are specialist multi-unit development builders in Melbourne with the proven track record to ensure your project is designed to maximise return on investment. For over a decade, we’ve offered personalised service to clients on multi-unit development projects in Melbourne.
If you’re ready to get started on your first or next property development project in Melbourne, give us a call today on 1800 335 266.
property development