Property Developing in Melbourne’s West
Melbourne’s West boasts an affordable and community-focused lifestyle that is proving to be highly attractive to first home builders and property investors.
Located between 31km to 7km away from the city centre, depending where you are travelling from, this region consists of popular suburbs such as:
- Werribee: Rich with history and nature
- Williamstown: Adventure packed with bayside living and extensive coastal bike trails
- Yarraville: Bustling Edwardian village full of incredible cafes, restaurants, live music, and bars
- Footscray: Known for its growing art scene and authentic multicultural cuisine
With other West Melbourne suburbs such as Seddon, Newport, Caroline Springs, Point Cook and Sunshine also offering an endless array of food, entertainment and family activities, it’s not surprising that this is one of Australia’s fastest growing regions.
So if you have plans to build your next home, whether it’s for an investment or for your family, we recommend looking at Melbourne’s West suburbs for your next property development. To help you get started on your property development journey, or to deepen your investing knowledge, we have shared some important points below.
THE DIFFERENT TYPES OF PROPERTY DEVELOPMENTS
Property developments come in many different forms …
- A townhouse
- Duplex
- Triplex
- Multiple units
- Apartments
The most valuable developments to invest in are multiple developments such as a duplex or triplex. This is because you are doubling or tripling your ROI on the one block of land.
Knowing which development to build is easy with an experienced Melbourne dual-occupancy builder. As there are specific planning requirements and design guidelines for unit developments in Melbourne, factors such as land size, zoning, landscaping and car parking will determine what you can and can’t build.
HOW TO FIND A MULTI-UNIT BUILDER IN MELBOURNE
Melbourne is certainly not lacking in choice when it comes to multi-unit builders, also known as dual occupancy builders or townhouse builders. So, to make it a little easier for you to choose the right multi-unit builder in Melbourne we have listed our top recommendations below …
- Read testimonials/reviews: This will help you determine what kind of experience you can expect from your dual occupancy builder
- Check for portfolios on their website: This will help you assess the quality of your builder’s work
- Check for experience in unit developments: You want a specialist builder who has an efficient process for unit developments, as well as reliable trades and suppliers, and knowledge on how to avoid potential problems during planning and construction.
THE MOST IMPORTANT FIRST STEP IN MULTI-UNIT PROPERTY DEVELOPMENT
There is nothing more exciting than commencing your first (or next) Melbourne townhouse property development. However, as excited as we are for your new multi-unit development, we do recommend doing this important step first …
Thoroughly review the investment profit potential of your multi-unit development first before you commit to your project.
How?
A good multi-unit builder in Melbourne will offer a feasibility assessment for your unit development. A feasibility assessment will look at important factors such as land purchase, project forecast, anticipated sale prices, liabilities and third party expenses, and will ultimately determine whether your multi-unit development is worth investing your time and money into.
COMMENCE YOUR MULTI-UNIT DEVELOPMENT JOURNEY IN MELBOURNE’S WEST TODAY
The location of your next multi-unit or townhouse development is important. The location dictates council requirements, and the desirability of the property for future buyers or renters. Choose a Melbourne property development builder who understands the nuances involved here.
Delon Design and Construct are multi-unit builders in Melbourne. We specialise in helping first home builders and property developers find success in property investing, no matter where you are on your investing journey. To learn more about property developing in Melbourne’s West and to start your free feasibility assessment, contact the experienced team at delcon design and construct today.