Investing In Melbourne Property Development Now for Future Growth
Were you all prepared to purchase land, or develop your land for an investment and then the world went and turned upside down? There are a lot of potential investors in the same boat, but there has been one big difference between those experienced in purchasing land for investment and those doing it for the first time.
If you haven’t been involved in a multi-unit development before, you may be sitting there tossing up whether now is the right time to purchase or not. On the other hand, those experienced in investing in land are purchasing, ready to take advantage of the need for new homes and a higher price market in the next 18 – 24 months.
So why 18 – 24 months? Why are those purchasing land now looking that far ahead? In the property development industry, the whole process from purchasing the land through to selling built homes can take up to 2 years. So, when the market is going through a period of uncertainty, with developing land, you need to look a little further ahead.
Astute investors take advantage of fluctuations in the market by buying, developing and selling / renting properties according to the strengths of the market.
Property development in Melbourne is a process that requires strategic planning, in any economic climate. By engaging a specialist Melbourne based multi-unit builder with a proven track record, you’ll know you’re getting the best advice.
Commencing a property development in the near future will mean that your project is ready to rent or sell in around 18-24 months time. In that time period, your builder should be able to guide you as to the best way to maximise your investment.
Optimising your land value is one of the best ways to increase your return on investment. This includes not just the size of the land, but how you utilise and develop the land.
It’s also essential that you don’t purchase and attempt to subdivide land that is unsuitable in terms of size or shape or slope or even location. Delays in building a development mean eating into your profit. If you’re newer to Melbourne property development, it’s wise to consult a specialise design and construct team early on in the process.
Investing in real estate really is a numbers game and when choosing a multi-unit build, it’s important to choose a development team experienced in property development. With the peace of mind that your project is set up correctly from day one, and the knowledge that your working with a company that knows how to design and build properties that sell, you can look forward to gaining the profit you’re hoping for from your development.
Delcon Design & Construct are one of Melbourne’s leading multi-unit builders, producing quality homes efficiently, no maximise your profit. With a history of working with investors at all experience levels, the current economic climate is certainly not reason to put the brakes on your development plans.
Contact us today on 1800 335 266, or email info@delcon.net.au