According to company records, we found a piece of land in Boondall in September 2021. Although this area is not a very beautiful area, there is also a train line running through it to the north.
, asking price 1.5 M
Unfortunately, our ANP was unable to grab this piece of land at that time.
The land is more than 51 meters wide and 57 meters deep, and can be divided into 5 areas. There is an old house in the middle of the land.
, and has already rented it out. According to reviews at the time, the land was near a railway, which would be noisy, and there were also electricity towers nearby. However, since we couldn't get the land, we didn't investigate further.
Now the land has been successfully developed. The old house was preserved by the “heroic amputation” method and the process was carried out in more than a year.
, while continuing to collect rental income
, and then divided it into 5 more plots for sale. Although the first few plots are smaller and less popular than the later ones, investment is all about returns.
.
It is a pity that I cannot invest in this project, because now even a small piece of land costs 500,000 to 600,000 yuan, and there is an old house here.
If the 5 plots of land and the house are sold, the owner's return rate should be more than 40%, including the holding cost.
.
But sometimes, a blessing in disguise
A few months later, we at ANP have already purchased another project which I personally think has better potential. This project has also been approved by DA and will be available for sale soon.
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In reality, not all land can be developed, and this involves extensive knowledge of town planning. If you're unfamiliar with town planning but still interested in becoming a real estate developer, please contact our Project Management Team. Our ANP team provides comprehensive support, from site selection and project completion. Who says Australia doesn't have great investment opportunities?
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Whether you are looking for a home for self-use, investment property, or land development project
The ANP team has the knowledge and resources to help you find a property that offers the best value for money and meets your needs.
If you are looking for a new building and want to avoid being ambushed, please PM and contact the ANP team as soon as possible.
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Australian Real Estate | Land Development | House Purchase | Rent
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