My Property Wealth in Kingsford, New South Wales | Property
My Property Wealth
Locality: Kingsford, New South Wales
Phone: +61 404 377 625
Address: Shop 97, 1-5 Meeks Street Kingsford 2032 Kingsford, NSW, Australia
Website: http://www.mypropertywealth.com.au
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25.01.2022 ** Just Purchased - 3 townhouse site ** Congratulations to a Sydney based client who just secured his first development site with the assistance of the My Property Wealth buyers agent division. Our client had previously travelled down from Sydney to attend a property tour.. The site is situated within a suburb of Melbourne where it is extremely difficult to secure development sites, this site has the appropriate zoning, size and orientation to be subdivided into 3 to...wnhouses. A 3 bedroom townhouse in an inferior location sold recently for well over $900k, such is the undersupply of townhouses in this area. The existing dwelling will be rented whilst plans and permits are approved for the new townhouses, all of which will be designed to target the different buyers in the marketplace (downsizers and professional couples). MPW look forward to providing regular updates on this site as we progress through the planning and permit stage and onto the construction stage of the development #MPW #justpurchased #sold #realestate #buyersagent #deal #1becomes3 #propertydeveloper #plans #permits #architect #projectmanagement #mortgagebroker #investment #money #melbourne See more
24.01.2022 ** Just Purchased - $415,000 ** Congratulations to one of our VIP clients who just secured his 3rd investment property (development site) with the assistance of the My Property Wealth buyers agent division. This particular property is situated within a suburb that is destined to achieve significant capital growth over the short to medium term. The 3 bedroom property on over 750sqm of land is currently rented for $330pw. Due to the orientation and zoning of the site, C...ouncil will support the subdivision of the property and 4 townhouses (3 x 3 beds and 1 x 2 bed) will be approved. This particular purchased was made in a Self Managed Super Fund (SMSF), the goal for our client will be the land bank the site, obtain the plans and permits and then on sell to a developer. It is absolutely imperative that each site be assessed on a case by case basis as all sites are NOT created equal. Off the plan single level villas are already selling for in excess of $400k. How to identity and locate sites like this is discussed during our property tour amongst everything else property development related #MPW #buyersagent #melbourne #sydney #propertytour #propertycoach #realestate #money #mortgagebroker #finance #buy #hold #plansandpermits See more
24.01.2022 ** Just Purchased - $1,100,000 ** Congratulations to three very close friends based in Melbourne who formed a JV and who just purchased their first investment property (development site) with the assistance of the My Property Wealth buyers agent division. The site which is situated less than 11km from the Melbourne CBD was secured in an off market capacity for well under market value. Any prime development site that can be secured in an off market capacity ensures al...most zero competition from other buyers which obviously translates to a significantly cheaper purchase price. This particular site has the appropriate land size, zoning and orientation to be subdivided into 4 townhouses (4 bed, 3 bed, 2 bed and 4 bed). Each of the larger dwellings with have a bedroom and bathroom on the ground floor which will be marketed towards elderly downsizers. Identical sites in the same street have sold for upwards of $1,350,000 but as this particular vendor had committed elsewhere, the site was secured for under $1,100,000 ($270k per site). A 4 bedroom townhouse directly adjacent to this site sold earlier this year for $880k and there have been various other similar sales over the past few weeks and months. Plans will be lodged into council immediately after settlement as our new clients look to build the new dwellings as soon as possible. Congratulations to our new clients on this amazing purchase and welcome not only to the MPW network but to the world of property development, we know that this will be the first of many #MPW #sold #justpurchased #offmarket #realestate #melbourne #capitalgrowth #research #projectmanagement #townhousebuilder #when1becomes4 #plansandpermits #mortgagebroker #propertytour #propertycoach #retirementplan #jointventure See more
24.01.2022 ** Just Purchased - <$450,000 ** Congratulations to a Melbourne based couple who just secured their first investment property (development site) with the assistance of the My Property Wealth buyers agent division. This particular site is situated in one of the best streets of the suburb but the most important attribute is the fact that this is a corner block. The existing home will continue to be rented whilst plans and permits are approved for 4 brand new street fac...ing townhouses. Duplex sites in this suburb have been selling for well over $400k, the current vendor required a quick sale for personal reasons, as such, this site was secured for well under market value (under what the vendor had paid for the site in 2018 which is unheard of in Melbourne especially at this level) Our clients had a pre approval of well over $650k, but just because you have an approval for this amount, does not mean you have find an investment at this level, property investing should be treated as a business, the goal should be to spend the least amount of money as possible to generate the highest returns in the shortest time possible whilst limiting the risks. No point spending $650k when you can spend $450k and make the same return on investment. Congratulations to our new clients on this purchase and we look forward to working with you for many years to come #MPW #justpurchased #buyersagent #cornerblock #realestate #projectmanagement #smsf #money #mortgagebroker #propertytour #propertycoach #when1becomes4 #offmarket #melbourne #capitalgrowth #research #thatshowitsdone See more
23.01.2022 ** Just Purchased - 4 townhouse site ** Congratulations to a Sydney based client who just secured this investment property (800sqm development site) with the assistance of the MPW buyers agent division. The existing 3 bedroom brick home will continue to be rented whilst plans and permits are approved for 4 executive style street facing townhouses. Due to our nationwide network of real estate agents, this particular property was able to be secured in an off market cap...acity ensuring that our clients had no competition from other buyers which obviously translates to a cheaper purchase price. This site is located within a suburb where there are ZERO townhouses for sale. Our client plans on building and retaining each of these townhouses for cash flow purposes Considering that a duplex site in a completely inferior location on less than 600sqm sold recently for $470k, our client will achieve significant upside on this site once the plans and permits have been approved (which will assist in obtaining the construction loan). Congratulations once again to our new clients and we look forward to working with you for many years to come #MPW #undermarketvalue #capitalgrowth #buyersagents #nrl #afl #propertycoach #propertytour #mortgagebroker #money #realestate #finance #sydney #melbourne #adelaide #projectmanagement See more
23.01.2022 ** Permit Approved - 4 dwellings ** Congratulations to one of our VIP clients who just received notification from Council that the permits for his 4 townhouse site has been approved with zero objections being lodged. This was the 6th property that our client purchased through MPW, he is currently building a 3 townhouse site in a cheaper suburb all of which will be rented out for cash flow purposes. It is absolutely imperative to compile both short and long term goals ...when it comes to property investment and property development, its definitely not a one size fits all approach. As the value of land increases so do the townhouses. If you can adopt the principles of the major developers throughout Australia and that is to land bank at least two sites, you are well on the way to financial freedom. Everyone has to start somewhere but the goal for our clients is to secure at least two properties before developing.. Purchase site A and at some point site B, when financially viable you then develop site A and use the profit to secure site C and commence developing site B. Its then a rinse and repeat process, use the profit from the development at site B to secure site D whilst you then commence the development of site C. This ensures that you always have at least one site that has been land banked, why is this important ?? Because it ensures that all of the profits from your site is not consumed when the next site is secured As an example, our client secured the above site for under $1.1m, that same site to purchase today would be $1.4m, we look forward to providing updates on this site as we progress through the development #MPW #buyersagent #capitalgrowth #realestate #money #propertycoach #propertytour #buy #hold #develop #sell #plansandpermits #approved #firstoneof2020 #moretocome #developer #mortgagebroker See more
22.01.2022 ** August Property Deal - $460k ** The My Property Wealth buyers agent division have just identified this investment property which has the appropriate zoning, orientation and land size to be subdivided into 5 townhouses. The existing property is currently rented for $320pw and is located in one of the best streets of the suburb being walking distance to shops and transport. This is another example where the listing agent has no idea about the development potential o...f the site and is selling the property for house value only. There have been two non development sites sell over the past week for well over $400k, meaning that they are not even duplex sites. This particular site can be secured for under $460k (5% deposit) with an extended settlement up to 150 days. The last 5 townhouse site (plans for 5x2 beds and inferior in every way, location, land size, development potential) sold recently for well over $600k. Contact the team at MPW for further information; [email protected] #MPW #offmarket #realestate #melbourne #developmentsite #research #money #buyersagent #propertycoach #instantequity #undermarketvalue #willbesold #projectmanagement #augustpropertydeal #plansandpermits See more
22.01.2022 ** Just Purchased - Off Market ** Congratulations to Sydney based investor who just secured his first ever investment property (development site) with the assistance of the My Property Wealth buyers agent division. This particular client had a limited borrowing capacity of just under $400k so options were extremely limited. Our new client had conducted extensive research and identified that house and land packages or off the plan apartments were far from ideal in generating s...ignificant growth Sometimes you need to think outside of the square and take a different approach to buying prime real estate. Our Director identified a number of streets and had a local agent conduct door knocks in order to establish if one person wanted to sell and it worked. An elderly couple advised the agent that they had been thinking about selling for some time but didnt want the stress of going to auction or for random people to walk through the home during the open for inspections. As such, the property was secured for $395k on an extended settlement in an off market capacity. The size of the block, orientation and most importantly the zoning allows the site or be subdivided into 4 townhouses in a suburb (Melb) that is destined to achieve significant growth. A brand new 4 bedroom villa on 400sqm sold on the weekend for well over $500k, our client secured this site for $395k. Our Sydney based client will now look to obtain the plans and permits on the site and commence construction as soon as possible, each of the 4 dwellings will be retained for cash flow purposes and the equity gained in each dwelling will facilitate the next purchase The entire team at MPW would like to congratulate BN on this amazing purchase and we know it will be the first of many #MPW #realestate #melbourne #capitalgrowth #cashflow #justpurchased #money #mortgagebroker #sold #plansandpermits #buyersagent #propertycoach #propertytour #research #undermarketvalue See more
21.01.2022 ** Just Purchased - 6 townhouse site ** Congratulations to one of our Sydney based clients who just secured his second development site with the assistance of the MPW buyers agent division. As a stand alone site, the land has the appropriate size and zoning to be subdivided into 3 townhouses (3 x 3 beds with only one being street facing), however, MPW had previously secured the property next door for the same client. As such, the land size with the side by side site i...s now 1450sqm and the new concept will comprise of 6 townhouses with most being 4 bedrooms three of which will be street facing. The townhouses will be designed to target the different buyers in the marketplace (elderly downsizers, young families etc). The latest site was able to be secured in an off market capacity for well under market value and thats not even taking into consideration that our client owns the site next door. The site is located within a suburb of Melbourne with a significant shortage of townhouses (as of today there is only 1 townhouse for sale in the entire suburb), this will ensure that once the new dwellings are completed, there will be little to no competition. MPW will provide regular updates on this site as our clients progress through the planning stage and eventually onto the construction phase #MPW #melbourne #justpurchased #realestate #research #capitalgrowth #undermarketvalue #plans #permits #construction #mortgagebroker #money #finance #investmentproperty #buyersagent #projectmanagement #propertytour See more
21.01.2022 ** Demolition Day - 3 townhouse site ** There are a few days within the development cycle that are more exciting than others. Obviously the day you actually purchase the site, the day council issue the permit, the day the construction loan is approved and the actually hand over of the completed dwellings. But for us the day the existing property gets demolished is extremely exciting as this represents the transition from old to new Congratulations to our Director w...ho over the weekend commenced demolition on another of his Melbourne sites. This particular site situated 12km from the Melbourne CBD was previously secured for well under $500k and was land banked for a number of years (house was always rented). The site could have been developed at any time over the past couple of years, but considering that new 3 bed townhouses are currently selling for very close and often over $700k, the time has certainly come to complete the development Each townhouse will be sold upon completion which will fund the purchase of 3 cheaper development sites similar to what our clients have secured recently. These new sites will also be land banked before being developed in the medium term. Some developers will retain all dwellings for cash flow, tax and depreciation purposes, some clients will sell one or two or keep one, the most important attribute is that there are options to consider. We look forward to bringing further updates on this site as our team progress through the development stage #MPW #demolition #oldtonew #propertytour #buyersagent #projectmanagement #buy #hold #sell #capitalgrowth #propertycoach #money #mortgagebroker #melbourne #sydney #thatshowitsdone See more
21.01.2022 ** Melbourne Property Deal ** The My Property Wealthy buyers agent division have exclusive access to this 1000sqm off a market development site situated in a suburb that is destined to achieve significant capital growth over the short to median term. The property currently consists of a well presented 3 bedroom home that is situated within walking distance to shops and transport. Due to the size, orientation and most importantly the zoning, the site can be subdivided... into 6 townhouses (3 x 3 bedrooms @ 19sq, 16.5sq, 16sq and 3 x 2 bedrooms @ 14sq, 13.6sq and 13.5sq) A brand new 4 bedroom single level villa sold recently for well over $500k, there are various other recent sales of older properties that have zero development potential selling for between $400k-$500k. A 800sqm site that had plans and permits approved for 5x2 beds (@9sq each) and located on a main road also sold recently for $650k ($130k per site). This particular 6 townhouse site can be secured for under $530k on a 9 month settlement meaning that plans and permits could potentially be approved prior to settlement. Contact the team at MPW for further information; [email protected] #MPW #offmarket #buyersagent #research #capitalgrowth #undermarketvalue #plansandpermits #willbesold #extendedsettlement #melbourne #realestate #projectmanagement See more
21.01.2022 Congratulations to a Sydney based client who just sold this 2 year old townhouse for $605,000 at auction over the weekend. The 800sqm site situated 15km the Melbourne CBD was previously secured for under $500k. The 3 bedroom property was land banked until such time that our client had the capacity to undertake the development The build cost on this 4 townhouse site was under $750k, once completed, dwelling 2 was sold for $491k, dwelling 4 was sold for $530k whilst... our client retained the remaining two dwellings. The 3 bedroom street facing townhouse was sold at auction over the weekend for $605k which is a massive result. These prices were able to be achieved due to the specs and upgraded inclusions, and to think people were laughing at us when we were advising clients to buy as much real estate as possible in this suburb This is how you get ahead in life, capital growth and plenty of it, not by earning $30pw in cash flow positive property. This is also a lesson in what to buy, become the top of the food chain in the property industry and buy development sites or sell the completed townhouses. As investors, we do not want to buy inferior investments such as townhouses, off the plan apartments or townhouses. We want our clients to be selling these, not buying these. #MPW #buyersagent #realestate #thatshowitsdone #propertycoach #propertytour #melbourne #sydney #money #capitalgrowth #money #cash #mortgagebroker #projectmanagement #plans #permits #buy #hold #sell #nrl #afl See more
21.01.2022 ** Just Purchased <$330k ** Congratulations to a Melbourne based client who just secured his first investment property (development site) with the assistance of the My Property Wealth buyers agent division. This particular client previously attended one of our Melbourne Property Tours and stayed in contact until such time that his borrowing capacity was increased. The site is situated within a suburb that is destined to have significant growth over the short to medi...um term, local agents have already noticed a massive increase of buyer activity and there is a current undersupply of both development sites and completed townhouses. This site has the appropriate land size, orientation and zoning to be subdivided into three street facing townhouses. The site was secured for under $330k which is well under market value, a duplex site sold recently for $405k with a 3 bedroom single level villa also selling for over $400k. Our client will rent out the property for the short term and then obtain the plans and permits. Each townhouse will then be retained for cash flow purposes. This is by far the cheapest 3 townhouse site that has ever been purchased within the suburb #MPW #justpurchased #sold #melbourne #research #capitalgrowth #plans #permits #realestate #mortgagebroker #projectmanagement #buyersagent #when1becomes3 #architect #property #propertycoach #thatshowitsdone See more
19.01.2022 ** September Property Deal - $700k ** My Property Wealth have been given exclusive access to this OFF MARKET side by side development site that can be secured on an extended settlement for close to $700,000 The site currently consists of two existing homes on individual titles that can rented whilst plans and permits can be obtained. Due to the size, orientation and zoning, the combined site can be subdivided into 8 x 3 bedroom townhouses which range in size from ...16.6 squares to 20 squares. Each of the existing homes will be purchased for $350k each. This equates to a cost per site of just over $87k. A site that had plans and permits for 5 x 2 bed townhouses (all of which were 9sq) sold recently for $635k or $127k per site for a completely inferior development and in a completely inferior location. This is an ideal scenario to make a significant return on investment purely by selling the site with plans and permits and not proceeding all the way through the construction process. This could also be suited to a purchase in an SMSF. Contact the team at MPW for further information; [email protected] #MPW #buyersagent #melbourne #sydney #offmarket #sidebyside #realestate #money #2houses #property #resaerch #projectmanagement #propertycoach See more
17.01.2022 ** Permit Approved - 5 months ** Congratulations to one of our VIP clients who just received a Planning Permit from Banyule Council for this 4 townhouse development. This was property number four that this client had secured with the assistance of the My Property Wealth buyers agent division. One of the most important facts that we try to pass on during our property tours is that it is absolutely critical to review each site on a case by case basis. This was an 850sq...m block with so what of an odd shape, normally it would mean a 3 townhouse site, but due to the odd shape, it actually enhanced the layout and our team with the assistance of a local architect was able to achieve a permit for 4 townhouses. The site situated 11km from the Melbourne CBD was secured for $790k in the later half of 2019. The permit consists of 3 x 3 bedroom townhouses (17-18sq each) and a 2 bed townhouse (13sq). A 3 bedroom townhouse in a completely inferior location recently sold for $850k with a 2 bed selling for $725k Plans were submitted in January with advertising concluding late April. Having received the permit today almost sets a new record time frame especially with Banyule. Our client was initially apprehensive about purchasing the site as other town planners had advised that there was no chance of being able to obtain a permit for 4 dwellings on this site. This exceptional result is testament to the entire MPW team, massive congratulations to our client on reaching this milestone today. We look forward to providing further updates on this site as we progress through the development #MPW #thatshowitsdone #melbourne #capitalgrowth #buyersagent #projectmanagement #realestate #money #retirementplan #mortgagebroker #finance #permitapproved #4townhouses #likewinninglotto #architect #propertycoach See more
16.01.2022 ** Permit Approved - Duplex Site ** Congratulations to one of our clients who just received a planning permit for this duplex development site which is situated 10km from the Melbourne CBD. The side by side development was previously secured for under $700k at a time when front to back development sites were selling for well over $800k. There are only a handful of streets in this suburb where duplex sites (side by side) will be supported through Council. ... Each of the 4 bedroom, 3 bathroom street facing townhouses has a bedroom and bathroom on the ground floor, study, open plan meals and dining, island bench tops, upstairs retreats, walk in pantry, alfresco outdoor area plus more. A 4 bedroom townhouse in a completely inferior location sold recently (in an off the plan capacity) for well over $900k. Our client will continue to rent out the existing home before either selling the site with plans and permits or continuing down the full development cycle. The MPW constructions division is on fire at the moment having these sites approved at council #MPW #plans #permits #architect #sidebyside #duplex #approved #buyersagent #realestate #propertytour #propertycoach #melbourne #sydney #projectmanagement #undermarketvalue #capitalgrowth See more
16.01.2022 ** First Purchase of 2020 ** Congratulations to one of our Perth based clients who just secured another investment property (development site) with the assistance of the My Property Wealth buyers agent division. This particular site is situated in an absolute prime position being less than 200m away from transport and shopping centre, the existing property is currently rented to long term tenants for $310pw. The site was secured in an off market capacity and comes wi...th plans and permits to build 2 x 3 bedroom townhouses at the rear of the block whilst retaining the existing property Non development sites and small townhouses are already selling for well over $400k, this site was secured for $405k. Even during the festive and holiday period, our team are constantly calling agents to try and identify (and secure) off market sites. Due to the state of the current market, any site that can be secured in an off market capacity is absolute gold 2019 was a massive year for the My Property Wealth team having assisted a significant number of investors secure sites across all price points ($300k to $3.5m), 2020 is going to be even bigger and better. Our team will soon be taking reservations for the first property tour of the year which will be held sometime in early February (refer to previous posts). We look forward to bringing you regular updates on this latest purchase as our client plans to develop immediately and retain all properties for positive cash flow #2020 #firstbuyoftheyear #MPW #buyersagent #property #investor #realestate #melbourne #sydney #research #capitalgrowth #money #offmarket #undermarketvalue #propertytour See more
16.01.2022 ** Melbourne Property Tour Postponed ** As a result of the ongoing COVID-19 pandemic and the latest Government regulations regarding social gatherings, My Property Wealth would like to advise that the Melbourne Property Tours for April, May and June have been postponed until further notice. Our Director has compiled a comprehensive information package regarding all the topics and sites attended on the tour and this can be emailed to you upon request. This certainly is extraor...dinary times and shows just how important the number one attribute in life is and that is your health MPW will continue to provide regular market updates to our database any already we are seeing a significant increase of activity in the market place with properties at the lower end of the spectrum ($350k-$450k) due to a number of economic factors. Those in a position to capitalise on potential sales at the higher end of the spectrum could expect some ridiculous capital growth in a short period of time. Stay safe everyone, stay at home, read a book, value add to your home by competing some DYI projects and the human spirit will prevail. If you require some ideas for cheap and effective value adding ideas for your home, be sure to get in touch with our team #MPW #propertytour #postponed #educationandtraining #wewilldoitonline #buyersagent #sydney #melbourne #moetgagebroker #financialplanning #projectmanagement #realestate #plans #permits #architect # See more
14.01.2022 ** November Property Deal $375k ** The My Property Wealth buyers agent division have just identified this investment property (development site) that is being sold for well under current market value in another case where the listing agent has no idea about the subdivision and zoning of the site. At present we are only buying in Melbourne as this represents the largest return on investment throughout Australia. The existing 3 bedroom well presented home is currently... leased to long term tenants and is located within walking distance to a shopping centre, school and transport. The site has the appropriate zoning, land size and orientation to be subdivided into 4 townhouses (3 bed @ 18sq, 2 bed + study @ 14sq, 3 bed @ 18sq and 3 bed @ 16sq). A non development site in a completely inferior location sold earlier this week for well over $400k, small 2 bed townhouses are selling for close to $400k whilst a 3 bed brand new villa has also sold for close to $450k. This purchase is also ideal for a SMSF, get the plans approved and sell to a developer (as you can’t develop in an SMSF unless you sell the site back to yourself which is always an option) Developers are currently paying anywhere from $115k-$145k for multi dwelling sites in this area (the last duplex site on 585sqm also sold for well over $400k). Our team are acutely aware that it’s not November just yet, however, this site will be sold either Monday or Tuesday once the contract has been received. This is a very similar site to what one of our VIP clients secured in a previous suburb for $375k, obtained the plans and permits and sold just over 15 months later for $635k (that site was secured on a 9 month settlement as well) purely because the 4 townhouse site was secured for a 3 townhouse site (17 Railway Crescent). The November Property Deal can be secured for $375k on a 90 day settlement (potentially a little longer). Contact the team at MPW, [email protected] #MPW #buyersagent #capitalgrowth #research #undermarketvalue #plans #permits #propertycoach #propertytour #money #realestate #projectmanagement #zoning #mortgagebroker #thatshowitsdone #cashflow #finance See more
14.01.2022 ** Just Purchased - $410,000 ** Congratulations to a Melbourne based client who just secured his first investment property (development site) with the assistance of the My Property Wealth buyers agent division. This client had previously attended a Melbourne Property Tour (which will be commencing again soon once further restrictions have been eased) This particular development site was secured in an off market capacity after our buyers agent team liaised with a loc...al agent to conduct door knocks on specific and targeted properties. Due to the land size, orientation and in particular the zoning, the site can be subdivided into 4 x 3 bedroom townhouses. The existing property will be rented for well over $300pw whilst the plans and permits are obtained through council. The site was secured for $410,000 which was an absolute steal taking into account that a 3 townhouse site had sold the day prior (in a completely inferior location) for well above this price. A site on the exact same street which had plans for 5 x 2 beds recently sold for well over $600k Congratulations to TP on this amazing purchase and we know it will be the first of many. #MPW #justpurchased #plans #permits #offmarket #doorknocks #dowhateverittakes #research #realestate #capitalgrowth #mortgagebroker #propertytour #propertycoach #sold #melbourne #propertyinvestor #projectmanagement #undermarketvalue See more
13.01.2022 ** Planning Process ** Congratulations to our client who just settled on this investment property (development site) that was purchased earlier this year in an off market capacity for well under market value. This particular site is situated 10km from the Melb CBD Duplex sites have been selling for close to $1m whilst a 4 bedroom townhouse on the absolute worst road in the suburb sold recently for $950k. Our site was secured for a little over $900k on an extended se...ttlement. The planning process for this site is now well underway, our client had two options, a 3 townhouse site which consisted of 3 x 4 bedrooms all with double lock up garages (two having bed and baths on the ground floor) or a 4 townhouse site that consisted of 1 x 4 bed, 1 x 3 bed and 2 x 2 beds. After conducting significant due diligence for each of the proposed concepts (build prices, construction loans, resales, timeframes etc) it was obvious the the second concept with the 4 dwellings would yield the best return on investment. Our clients requirements and goals also had to be taken into consideration once the development has been completed, what may suit one particular client may not suit the next. Some clients have a strategy of buying and selling all dwellings, some like to retain all for cash flow and depreciation purposes and others will do a mixture (sell 2 and keep 2). Just like every site being assessed on a case by case basis so does every client. It should also be noted that just because you can put more dwellings on the site does not always mean your proceed in this manner, some developers jeopardise the entire development by building the wrong product which does not meet the demands of the buyers in the suburb. The planning process is absolutely critical. The MPW will provide further updates on this site as our client progresses through the approval stage and eventually the construction phase #MPW #planningprocess #builder #buyersagent #realestate #money #melbourne #sydney #cashflow #capitalgain #research #undermarketvalue #propertycoach #architect #buy #hold @ Melbourne, Victoria, Australia See more
13.01.2022 ** December Property Deal ** The My Property Wealth buyers agent division have just identified this particular investment property that has the appropriate orientation, setbacks and zoning to be subdivided into 4 townhouses. The existing e bedroom property can be rented whilst plans and permits are obtained (1 x 4 bed, 2 x 3 bed and 1 x 2 bed). A non development site on 570sqm sold yesterday for close to $450k whilst a 3 bedroom villa situated upon a main road sold r...ecently for over $425k. The most important attribute is that the property is situated less than a 9 iron away from a shopping centre. Our contact within the agency who has listed the site has advised that the property can be secured for $395k on a 90/120 day settlement. This is also a perfect purchase for a SMSF purchase, obtain the plans and permits and sell to a developer. It should be noted that tiny 2 bedroom townhouses also on a main road are being advertised and sold for over $400k. Contact the team at MPW for further information; [email protected] #MPW #buyersagent #realestate #propertycoach #SMSF #property #retirementplan #buy #hold #sell #plansandpermits #propertytour# #decemberpropertydeal #finance #mortgagebroker See more
12.01.2022 ** Permit Approved ** Congratulations to one of our Sydney based clients who just received the planning permit from council for this 3 townhouse development site. This makes it the 5th site that our client has secured through MPW all of which have had the plans and permits approved as per the initial due diligence prior to purchase. This 900sqm+ site was previously secured for close to $850k at a time when similar three townhouse sites were selling for well above $1....1m (the agent who sold this site had no idea of the development potential). The approved plans consist of 3 x 4 bedroom townhouses all of which have bedrooms and bathrooms on the ground floor, upstairs retreats, double lock up garages and outdoor decks. The site is situated within walking distance of shops and transport but the most important attribute is the fact that there is a significant under supply of townhouses for sale in this area. An off the plan 4 bedroom townhouse is currently being listed for well over $1,050,00 and this site is in a completely inferior location. It doesnt matter if you have a budget of $400k or $1.5m to purchase an investment property, it is the same process. You can obtain a significant amount of capital growth from day one buying the right site (eg secure a 3 townhouse site for the price of what duplex sites are selling for). Congratulations to our client (and now close friend) on this result, this definitely makes the top 5 MPW purchasers of all time #MPW #buyersagent #top5 #plans #permits #propertycoach #architect #melbourne #when1becomes3 #propertytour #construction #realestate #projectmanagement #mortgagebroker #finance #money #retirementplan #permitapproved See more
12.01.2022 ** Just Purchased <$350k ** Congratulations to an existing client who just secured his second investment property (development site) with the assistance of the My Property Wealth buyers agent division. The site was secured for under $350k which is well under market value considering that the site has the appropriate zoning, setbacks and orientation to be subdivided into a multi townhouse project. This was yet another example where the listing agent has no idea of the... zoning on the site (eg the subdivision potential). The property is situated within walking distance to shops and transport and will continue to be rented whilst plans and permits are obtained. Our clients first property was secured earlier in 2019 and due to the equity achieved in that site, he was able to purchase a second investment. This client has a strategy of securing sites, obtaining the plans and permits and on selling to developers. All sites have to be assessed on a case by case basis and you can generate significant returns by never actually going down the construction path. Massive congratulations to our client on this second purchase and we know that number three won’t be too far away #MPW #justpurchased #research #capitalgrowth #buyersagent #property #realestate #propertytour #offmarket #undermarketvalue #capitalgrowth #projectmanagement #plansandpermits #melbourne #sydney #adelaide #money #mortgagebroker See more
12.01.2022 ** Construction Loan Approved ** Congratulations to one of our Sydney based clients who just received unconditional approval for the construction of this three townhouse development project situated within 20mins of the Melbourne CBD This site was previously secured for $460k and has been land banked for a number of years, the property has been rented for $375pw since the time of purchase. Plans for 3 townhouses (3 bed @ 17 squares, 3 bed @ 16.5 squares and 2 bed @ 1...3 squares) were submitted into council and approved within a year of purchase. The resale value of these townhouses has been increasing every year and our client has now decided to develop the site. His plan is to move his family into the larger street facing townhouse and sell the remaining two Resales on an extremely conservative level for the three dwellings would be well over $1.8m and due to the significant amount of equity available in the site, the MPW finance division has been able to secure a 100% construction loan with no pre-sales required. Our team will be on site in the not too distant future to demolish the existing property #MPW #constructionloanapproved #money #realestate #mortgagebroker #finance #melbourne #buyersagent #propertytour #capitalgrowth #when1becomes3 #projectmanagement #nopresales #cashflowpositive #townhouse #nextphasebegins See more
12.01.2022 ** Just Purchased - $500k ** Congratulations to a Melbourne based client who just secured his first investment property (development site) with the assistance of the My Property Wealth buyers agent division (this client was referred to MPW by an existing client) This large parcel of land is situated within walking distance to transport and the local shopping centre but the most important aspect is the fact that the site can be subdivided into four large executive sty...le townhouses. The existing 3 bedroom brick home will continue to be rented for $350pw whilst plans and permits are obtained The site was secured in an off market capacity (on an extended settlement) for well under market value. Once again, the listing agent had no idea of the development potential of this property. A brand new 4 bedroom villa in a completely inferior location sold recently for well above $500k. Congratulations to our new client on this amazing purchase, we know that it will be the first of many #MPW #buyersagent #melbounre #sydney #propertycoach #offmarket #research #capitalgrowth #justpurchased #money #realestate #plans #permits #buy #hold #sell #undermarketvalue # See more
11.01.2022 https://trib.al/8ct3U4f
10.01.2022 ** Cheapest 4 townhouse site of 2020 ** The My Property Wealth buyers agent division have just identified this existing 3 bedroom investment property that has the capacity to be subdivided into four individual townhouses (1 x 3 bedroom and 3 x 2 bedroom). The existing home is currently rented for under $300pw Apart from being situated within walking distance to the local shopping centre the most important attribute is the fact that the listing agent has absolutely no ...idea about the zoning on the site (highest zoning possible) and is selling the property purely for house value. There have been countless non development sites with much smaller land size sell over the past couple of weeks for over $450k, a 3 bedroom brand new villa sold recently (on a main road) for over $400k. This particular site can be secured for close to $340k on a 90-100day settlement. This makes it the cheapest 4 townhouse site to sell in the suburb since 2016 (only because the agent is not aware of the zoning). This would also suit an SMSF purchase, contact the buyers agent division at MPW for further information, [email protected] #realestate #MPW #buyersagent #melbourne #sydney #money #undermarketvalue #capitalgrowth #research #plans #permits #architect #projectmanagement #mortgagebroker See more
10.01.2022 ** Just Purchased - 7 month settlement ** Congratulations to one of our existing Sydney based clients who just secured his third property with the assistance of the My Property Wealth buyers agent division. The existing 3 bedroom home will be rented whilst plans and permits are approved for 6 townhouses The site was secured for well under market value for less than $550k which is exceptional buying considering that a 4 townhouse site (4x3 beds) sold at auction the ...week previous for close to $600k. This was another example where the selling agent had no idea about the sub division potential of the block especially considering they were an out of area agent Our buyers agent division was also able to negotiate a 7 month settlement on the site, this equates to 7 months of no mortgage repayments but more importantly this free time will be used as a head start on obtaining the plans and permits. Securing the right site for the right price is absolutely vital as this further assists with obtaining the construction loan at a later date due to the equity in the property. Congratulations to our client on yet another property purchase and we will look forward to celebrating with a beer or six once the teams 14 day lockdown is over #MPW #justpurchased #money #realestate #melbourne #buyersagent #capitalgrowth #projectmanagement #research #extendedsettlement #propertycoach #mortgagebroker See more
10.01.2022 ** Just Purchased $1,020,000 ** The entire team at My Property Wealth would like to congratulate one of our VIP clients (close friends now) on securing property number 5 with the assistance of the MPW buyers agent division.. This couples first purchase was a 650sqm development site (15km from the Melb CBD) that was secured at auction for $365k which settled towards the end of 2016. That site now has plans and permits for 3 x 19 square street facing townhouses with the... raw site being recently valued at close to $700k. It has been onwards and upwards since then. Another 3 townhouse site for $510k (value $725k), a duplex site located 8 from the CBD which was secured for $750k that now has plans and permits for 2 x 21sq executive style dwellings (resales of which are well over $1m per dwelling) and finally a 5 townhouse site in our next hot spot which was secured for just over $400k mid 2019 (value now mid $500s) This latest purchase is situated in yet another development hot spot was secured two weeks prior to auction for well under market value on a 6 month settlement. The development site is located within a minutes walk of shops and train station and has the appropriate zoning, land size and orientation to be subdivided into 3 executive style large street facing townhouses. A 3 bedroom villa in a completely inferior location sold recently for over $1,000,000. Taking into account recent sale prices of similar sites, there is no doubt this corner site would have sold for well over $1.1m at auction.. Congratulations to JCT for property purchase number 5, its nothing short of amazing seeing such wonderful and genuine people do so well out of property investment and development. #MPW #whenclientsbecomefriends #realestate #propertypurchasenumber5 #money #capitalgrowth #research #investment #undermarketvalue #priortoauction #nocompetitiononauctionday #jointventure #melbournerealestate #buyersagent #propertytour See more
10.01.2022 ** Just Purchased - $375k ** Congratulations to an existing client based in Victoria who just secured his second investment property (development site) with the assistance of the MPW buyers agent division. The first purchase was initially purchased in 2016 for close to $550k with the MPW Constructions Division obtaining plans and permits for 4 townhouses, this site was sold 16 months later for $785k. Our client has a strategy of buying the raw sites and on selling ...once the plans have been approved to developers. This most recent acquisition has the appropriate zoning and orientation to be subdivided into multi dwelling townhouses, this was yet another case where the agent had no idea about the zoning of the site and sold the property purely for house value. You don’t ever have to follow down the entire construction path to make money from property development. When you buy off the plan apartments and townhouses, you’re not the top of the food chain. This is all outlined in significant detail during our Melbourne Property Tours which will be commencing again in the very near future. If you would like to reserve a position on these free educational events (no boring ‘classroom’ but a roaming bus tour), please send an email to our team and we will be in touch once a date is organised; [email protected] Congratulations to our clients on this amazing purchase and we look forward to assisting with property number 3 in the very near future #MPW #justpurchased #undermarketvalue #planspermits #noneedtobuild #buy #hold #sell #mortgagebroker #propertytour #propertycoach #capitalgrowth #money #realestate #projectmanagement #nrl #afl See more
10.01.2022 ** Just Purchased - Melbourne ** The entire team at My Property Wealth would like to congratulate one of our VIP clients (who is more like one of our closest friends) on securing property number 6 with the assistance of our buyers agent division. We thought that property number 5 was the best buy thus far (being a corner block where the existing fully renovated home would be retained whilst 2 x 4 bedrooms street facing townhouses were constructed behind), however, thi...s latest purchase appears to be better. The latest site situated in a growth zone was secured in an off market capacity for well under value, duplex sites are currently selling for well over $400k with some homes selling closer to $500k. This was another example where an out of area agent was selling a site and being complete unaware of the zoning and how the site could be subdivided. The existing home will be rented for $330pw whilst plans and permits are approved for 4 x 3 bedroom executive style townhouses or our client has the option of putting 5 dwellings on the site (mixture of 3 beds and 2 beds). This particular client has a strategy of retaining every townhouse that he builds for cash flow and depreciation purposes.. The site which is located within walking distance to shops and transport and was secured for just under $400k (5 month settlement) in a far superior position to a site that just sold for $650k which had plans and permits for five very small 2 bedroom townhouses.. We first met this client back in 2014 and it has been an absolute pleasure working with him over the past 6 years, the results speak for themselves and the entire MPW team look forward to the next 6 properties #MPW #whenclientsbecomefriends #realestate #propertynumber6 #offmarket #research #capitalgrowth #networkofagents #5monthsettlement #propertycoach #propertytour #projectmanagement #architect #retirementplan #buyandhold #justpurchased #melbourne See more
09.01.2022 ** Endorsed Plans Received ** Congratulations to our Director who just received the endorsed plans from Council for this multi townhouse development site. This site was purchased well under market value and cheaper than what some inferior 3 townhouse sites had been selling for. The plans now consist of 4 x 4 bedroom executive style townhouses all of which have master bedrooms and bathrooms on the ground floor, upstairs retreat, double lock up garages, island kitchens a...nd alfresco entertaining. The MPW Constructions Division will now move onto stage 2 facilitating the completion of working drawings and structural engineering before the existing house will be demolished and construction commenced on the new dwellings. As of today, there is only one other 4 bedroom townhouse currently available in the suburb and stock is always in a state of significant under supply #MPW #melbourne #realestate #endorsedplans #stage2 #property #capitalgrowth #research #propertycoach #timetobuild #projectmanagement #propertymentor #propertytour See more
09.01.2022 ** $370k Just Purchased - 4 townhouse site ** Congratulations to a Melbourne based investor who just secured her first investment property (development site) with the assistance of the My Property Wealth buyers agent division The site will continue to be rented for $280pw and land banked whilst plans and permits are approved for 4 x townhouses (2 x 2 beds and 2 x 3 beds) ... The site was sold by an out of area agent who had no idea of the zoning of this particular site, 2 bedroom townhouses in an inferior location (main road) have recently sold for close to $400k. A non development site on 575sqm sold today for the well over $400k Each townhouse will be retained for cash flow purposes. Congratulations to our client who secured this amazing deal and the entire team at MPW looks forward to working with you for many years to come. This client had previously attended a Melbourne Property Tour, however, it took some time to wait for the right site to come up. #MPW #justpurchased #buyersagent #offmarket #propertytour #propertycoach #mentor #undermarketvalue #capitalgrowth #research #melbourne #realestate #investmentproperty #mortgagebroker See more
09.01.2022 ** Just Purchased <$950k ** Congratulations to a Sydney based investor who just secured his first development site with the assistance of the My Property Wealth buyers agent division. This particular site is located within 9km of the Melbourne CBD. The existing site has the appropriate zoning and land size to be subdivided into either 3 or 4 townhouses. The concept for four will consist of 2 x 3 beds and 2 x 2 beds whilst the concept for three will consist of 3 x 4 be...droom townhouses. Duplex sites have been selling in this area for close to $1,000,000 with the larger executive style 4 bedroom townhouses also selling for well over $1,000,000. This was another example where the vendor had no idea what could be developed on the site and sold for well under market value. There is also the opportunity for our client to sell the site with plans and permits in order to make a significant return on investment without having to even build the new dwellings. The property was also secured on an extended settlement, the MPW Constructions Division have already engaged a local architect for the planning phase to be commenced. Currently there are NO completed townhouses for sale in the suburb and there is always an extreme under supply of townhouses being built in the suburb which ensures that if our client does proceed with the development, resales are always strong as there is limited or no completion. Congratulations to CP on this purchase, it certainly ranks in MPW top 5 purchasers of all time #justpurchased #MPW #buyersagent #offmarket #melbourne #construction #finance #money #projectmanagement #architect #sydney #realestate #thatshowitsdone #mademoneyfromday1 #research #capitalgrowth #instantequity #propertycoach #propertytour # See more
08.01.2022 ** $270k+ growth - still yet to settle ** Congratulations to one of our Melbourne based clients who is beyond excited to learn that a property the he purchased in July of 2020 has grown in value by $270k and he has yet to settle on the purchase. With the assistance of the MPW buyers agent division, our client was able to secure a 4 townhouse site (1 x 4 bed, 2 x 3 bed and 1 x 2 bed) in an off market capacity for just over $1,080,000 on an extended settlement. The s...ite is located less than 12km from the Melbourne CBD. This site was secured for well under market value and was the cheapest 4 townhouse development site that had been purchased in the street since 2017 Fast forward to this week and the same sized development site in the same street (with exactly the same development potential) sold for close to $1,400,000. This site is situated on the better side of the street, so even taking $50k off, our clients have done extremely well and the best attribute is that they have yet to make a single mortgage repayment as settlement is set down for next week. Considering that a 4 bedroom townhouse also sold recently for over $900k, this is going to be an extremely profitable project for our client. #MPW #bang #thatshowitsdone #research #offmarket #capitalgrowth #hasntevensettledyet #jointventure #buyersagent #property #mortgagebroker #propertycoach #projectmanagement #realestate See more
08.01.2022 ** 6 x 3 bedroom townhouse site ** The My Property Wealth buyers agent division have just identified this investment property (development site) that is being sold well under market value The current property consists of a fully renovated 4 bedroom home that can be rented for close to $400pw whilst plans and permits are approved. Due to the size, orientation and zoning, this particular site can be subdivided into 6 x 3 bedroom double level townhouses ranging in size... from 16sq to 19sq As of today, there are NO 3 bedroom townhouses listed for sale in the suburb, duplex sites have been selling for close to $400k and a 5 x 2 bedroom site situated on a main road (plans approved) sold recently for $650k to a local developer, this developer paid $130k per site This particular site can be secured on an extended settlement for below $550k putting this at $90k per site. $40k cheaper per site than the most recent sale but this is all 3 bedrooms (as opposed to all 2 bedrooms) and in a far superior location not being on a main road This site will be sold within the next 72 hours at the absolute latest. This would also suit a SMSF purchase, you cant develop in an SMSF but you can certainly sell the site with plans and permits. For further information, please contact the team; [email protected] Specific details will not be posted in an open forum for obvious reasons #MPW #offmarket #6townhousesite #capitalgrowth #melbourne #research #retirementplan #architect #plans #permits #construction #property #realestate #buyersagent #willbesold #propertycoach #propertymentor See more
08.01.2022 ** Permit Approved ** Congratulations to one of our VIP clients who just received the planning permit from council for this 3 townhouse development site (One street facing with two side by side at the rear) This site was previously secured for well under market value (purchased for under $900k) at a time when a completely inferior 3 townhouse site had sold in the suburb for over $1.2. The plans consist of 3 x 4 bedroom townhouses all of which have bedrooms and bathro...oms on the ground floor, upstairs retreats, double lock up garages and outdoor decks. The site is situated within walking distance of shops and transport but the most important attribute is the fact that there is a significant under supply of townhouses for sale in this area. A brand new 4 bedroom townhouse is currently being listed for well over $1,050,00 with this also being situated on a busy main road. Due to the significant amount of equity in this particular site, our team are more than confident of obtaining a 100% construction loan for the new dwellings. Congratulations to our client on this amazing news, Xmas has certainly come two months early for you especially when the selling agent had no idea about the development of the site !! #MPW #thatshowitsdone #plans #permits #undermarketvalue #research #realestate #buyersagent #propertycoach #propertytour #capitalgrowth #retirementplan #when1becomes3 #townhouse #projectmanagement #construction #mortgagebroker See more
08.01.2022 ** 4 Townhouse Site - Permit Approved ** Congratulations to one of our Sydney based clients who has just been advised by Banyule Council that the planning permit for his 4 townhouse site has been approved with no objections. The 1200sqm exclusive development site was previously secured for under $1,600,000 when other sites situated in inferior locations were selling for close to $1.8m. Due to the size of the block, orientation and zoning (GRZ1), plans were lodged for... 4 executive style townhouses (22-26sq) all of which have double garages plus master bedrooms and bathrooms on the ground floor. The site is situated within walking distance to shops and a railway station, there is a significant shortage of townhouses in this particular pocket, as such, demand once completed will be high ensuring exceptional resale prices The MPW Constructions Division look forward to providing further updates on this site as we progress through the next development phase #MPW #melbourne #buyersagent #sydney #property #realestate #projectmanagement #propertytour #plansandpermits #approved #architect #builder #whenonebecomesfour #2020 #nrl #afl #bbl #construction #mortgagebroker #propertycoach See more
07.01.2022 ** Cheapest Deal of 2020 - $330k ** The My Property Wealth buyers agent division have just identified this investment property which has the appropriate zoning, land size and orientation to be subdivided into three brand new dwellings (17 squares). The site is situated in a suburb that is destined to have significant capital growth over the short to medium term. Due to the extra wide frontage, each of the brand new townhouses will be street facing so although this is... not an actual corner block, the development capacity is the same as what a corner block has. One of our existing VIP clients purchased a similar property in 2016 for $375k (different suburb) and that property has almost doubled in value as it also has plans/permits for 3 street facing townhouses (although its not a corner block). The site next to our clients had plans to keep the existing and build one at the rear and even that sold for $630k The agent for this particular site has advised that the property can be secured for under $330k on an extended settlement, this makes it the cheapest 3 townhouse site in this suburb that we have ever seen. There have been various sales over the past few weeks of completely inferior and non development sites selling for over $400k. This purchase would also be suited to a SMSF in order to flip to a developer once the plans and permits had been obtained. For further information, contact the team [email protected] #MPW #dealof2020 #capitalgrowth #research #undermarketvalue #buyersagent #money #cornerblock #realestate #melbourne #propertycoach #bustour #cashflowpositive #projectmanagement See more
07.01.2022 ** Melbourne Property Deal - June ** The My Property Wealth buyers agent division have just been provided with exclusive access of securing this off market development site in a suburb that is destined to achieve significant capital growth over the short to medium term Furthermore, the listing agent is not aware that the site has the highest zoning possible meaning that due to the size, orientation and obvious zoning, the land can be subdivided into 4 townhouses (2 ...x 3 bedroom and 2 x 2 bedroom). The site is located less than 100m away from the local shopping centre (Woolworths / Kmart etc). Non development sites are already selling for well above $400k A site situated on the busiest road in the suburb with plans and permits for 5 x 2 beds also sold in an off market capacity last week for $650k ($130k per site), those townhouses had also been listed off the plan at over $400k each The existing property can easily be rented, the site can be secured on a 5 month settlement for $370k (or $92k per site). Our team has not seen a 4 townhouse site at this price point in a very long time and as outlined above, is only this price as the agent has no idea what he is selling. For further information, contact the team at My Property Wealth [email protected] #MPW #buyersagent #undermarketvalue #plansandpermits #willbesold #capitalgrowth #melbourne #offmarket #realestate #research #property #mortgagebroker See more
06.01.2022 ** 7 Townhouse Site - $500k ** The My Property Wealth buyers agent division have just located this investment property (development site) that can be secured for very close to $500k on an extended settlement.. The site is situated within a suburb that is destined to have significant capital growth over the short to medium term. There would be instant growth in this site because due to the shape of the land, zoning and orientation, the extra large site can be subdivid...ed into 7 townhouses ALL of which would be street facing (5 x 3 bedrooms and 2 x 2 bedrooms). The other option consists of 6 x larger 3 bedroom townhouses. Duplex sites and non duplex sites are currently selling for over $400k, a 3 bedroom villa also sold recently for close to $430k. This 6/7 townhouse site can be secured for under $500k on an extended settlement. This could also be perfect for a SMSF, secure the site, obtain the plans and permits and flip to a developer. For further information, contact the team at My Property Wealth, [email protected] #MPW #buyersagents #investment #capitalgrowth #research #plans #permits #property #propertycoach #propertytour #melbourne #projectmanagement #willbesold #mortgagebroker See more
06.01.2022 ** Just Purchased - $425k ** Congratulations to a Melbourne based couple who just secured investment property (development site) number two with the assistance of the My Property Wealth buyers agent division.. This particular site was secured in an off market capacity for well below market value. Due to the land size and most importantly the highest level of zoning possible, the site can be subdivided into 4 x 3 bedroom townhouses. The property will remain tenanted w...hilst the plans and permits are approved before the MPW Constructions Division take on the project management building the new dwellings. Over the past two weeks there have been numerous other sales of non development sites well above what this particular site was secured for. A stock standard 3 bedroom somewhat original home sold a few streets away for $460k whilst our clients secured a 4 townhouse site for $425k. The property was able to be secured in this off market capacity due to our close working relationship with this particular agent. The vendor had committed elsewhere and had to sell l. Congratulations to our clients on this most recent purchase, this was a client we only met last year after they attended one of our Melbourne property tours. You can make very good money in property from day one, its all about generating equity (eg buying a 4 townhouse site for the price of a 3 townhouse site). This is the same process at all price points #MPW #justpurchased #realestate #buyersagent #when1becomes4 #plans #permits #architect #investment #projectmanagement #propertytour #propertycoach #melbourne #sydney #offmarket See more
06.01.2022 ** Permit Approved - Melbourne ** Congratulations to a group of Sydney based clients who just received the council endorsed plans and permits for this 4 townhouse site situated less than 11km from the Melbourne CBD The group of 4 individuals previously formed a joint venture in order to increase borrowing capacity and to secure a development site in a more exclusive suburb where the return on investment is far superior to that of sites in cheaper suburbs. The site si...tting on over 900sqm was secured for close to $1,000,000. With the assistance of the MPW constructions division, plans and permits for 4 large townhouses were submitted and approved at Council (2 of which have bedrooms & baths on the ground floor). A 3 bedroom townhouse a few streets away (inferior location and size) just sold for under $800k, as you can imagine, our clients are extremely excited about this particular result. This is another amazing result achieved by MPW in obtaining a permit for four exceptional townhouses. This site will be visited on the upcoming property tour being held on Melbourne next Saturday (22nd), 2 seats are available for this day #Melbourne #permitapproved #endorsedplans #buildphase #MPW #buyersagent #projectmanagement #buy #hold #sell #research #capitalgrowth #propertytour #sydney #money #realestate #investment #mortgagebroker #financialplanner See more
05.01.2022 ** Melbourne Property Tour 22/2 ** My Property Wealth would like to advise that the first property investment seminar for 2020 will be conducted on Saturday the 22nd of February. Our clients own over $150,000,000 worth of property in Melbourne alone. All investors should educate themselves on the various forms of investments and you should never pay for property coaching. We want our clients to be the top of the food chain and that means not buying off the plan apartm...ents, house and land packages and even townhouses. Those attending the MPW property tour will participate in a 4 hour crash course in the field of property investment and in particular, property development. Topics and discussions on the day will include the following; *** How to identify suburbs with significant capital growth potential.. *** Changing from an investor mindset to a developer mindset and how to make a significant return on investment without ever developing a single site.. *** How to take advantage of the current real estate market.. *** The importance of zoning and how sites are NOT created equal.. *** Current developments, upcoming developments, finished projects, advice on loans and much more The property tour is FREE to attend but this is an invite only event, meaning you cant just turn up on the day. Contact [email protected] to reserve your seat on the bus. As of today, there are only 6 seats remaining for this tour #MPW #realclientsrealresults #propertytour #propertycoach #buy #hold #sell #noboringclassrooms #roamingtour #melbourne #propertydeveloper #plans #permits #architects #2020 #projectmanagement See more
05.01.2022 ** Just Purchased $1,700,000 ** Congratulations to a father and son team from Sydney who just settled on this prime development site which is situated within an exclusive suburb of Melbourne where there is a significant under supply of townhouses. The site was previously secured at auction on an extended settlement providing our clients with a massive head start on the planning process of the development. This exclusive development situated within a two minute walk o...f the local shopping village and train station will consist of 5 highly sophisticated dwellings with the target market consisting of elderly downsizers to professional couples, families and investors. All but one townhouse will have double lock garages, with all comprising of open plan living and dining, island benches, butlers pantry, wine cellar, alfresco courtyards, luxurious bathrooms with some even having views of the Melbourne CBD Advice from local agents is that these townhouses will set new suburb records once completed. Our Sydney based clients had been searching the Sydney market for an extensive period of time attempting to locate a site showing a decent return on investment before meeting the MPW team. A day trip down to Melbourne and these Sydney based clients were nothing short of amazed of the opportunities that can be found across various Melbourne suburbs. These clients have already engaged the MPW buyers agent division to locate and secure a second site. Only a small percentage of investors (developers) can afford sites at this level, however, it does not matter if youre searching for an investment property to the value of $350k or $3m, the same process is undertaken. This is explained in significant detail during our property tours. A 4 townhouse site had sold in the month prior for just under $1.6m and that site was in a completely inferior location. The MPW Constructions Division look forward to providing regular updates on this site as our clients progress through the planning phase and onto the construction stage #MPW #realestate #melbourne #sydney #buyersagent #projectmanagement #plans #permits #construction #propertytour #propertycoach See more
05.01.2022 ** Just Purchased - 4 townhouse site ** Congratulations to a Sydney based client who just secured his first investment property (development site) with the assist the assistance of the My Property Wealth buyers agent division. The property situated in an exclusive suburb of Melbourne was able to be secured prior to auction on an extended settlement The large parcel of land has the appropriate zoning to be subdivided into 4 executive style townhouses all of which w...ill comprise of double lock up garages, bedrooms on the ground floor, study, upstairs retreats and alfresco outdoor entertaining. A 4 bedroom townhouse in a completely inferior location (directly opposite a train line and no school zoning) sold recently for $1.1m whilst another 4 bedroom townhouse in a superior location sold for well above $1.35m This is just another example of how you can generate significant growth when the plans and permits are obtained, regardless if the site is worth $400k or $1.7m, it is the same process. Why buy a 3 townhouse site for $1.2m when you can buy a 4 townhouse site for $1.3m, it all comes down to cost per site. Congratulations on this amazing purchase and we look forward to bringing you updates as the site progresses through the plans and permits onto the construction stage. #MPW #realestate #buyersagents #thatshowitsdone #propertycoach #propertytour #plans #permits #projectmanagement #priortoauction #earlyxmaspresent #mortgagebroker #capitalgrowth #undermarketvalue #nrl #afl See more
04.01.2022 ** Advertising Stage ** Congratulations to one of our Melbourne based clients who just completed the advertising stage for this duplex development site that is situated 11km from the Melbourne CBD. The side by side development site was previously secured for under $700k at a time when front to back duplex sites (so only one street facing) were selling for well above $800k. Each of the new street facing dwellings (22 squares) will appeal to a variety of buyers with op...en plan living, bedrooms and bathrooms on the ground floor and upstairs retreats. There is potentially the option to sell the site with plans and permits, however, due to the significant increase in resale prices of similar townhouses in the area, our client will certainly be proceeding down the construction path Buying well under market value also makes obtaining the subsequent construction loan that much easier as well. MPW will provide further updates on this site as we progress through the development. #MPW #plans #permits #duplexsite #architect #undermarketvalue #research #money #capitalgrowth #positivecashflow #propertytour #propertycoach #advertisingstage #buyersagent #projectmanagement See more
03.01.2022 ** October Property Deal ** The My Property Wealth buyers agent division have just identified this investment property (development site) which is would have to be one of the best sites EVER under $500k. This particular site has the appropriate one size, orientation and more importantly zoning to be subdivided into 5 STREET FACING townhouses (1 x 2 bed @ 12sq, 1 x 3 bed @ 17sq, 3 x 4 bed @ 22sq). ... The existing brick home can be rented for well over $300pw whilst plans and permits are approved. A completely inferior development site (situated on a main road) which could be developed into 2 x 3 beds and 2 x 2 beds sold last week to a local developer for close to $500k with another 4 bed single villa also selling recently for $500k This particular site can be secured for under $470k on a 90 day settlement, making it by far the cheapest 5 townhouse development site (especially having all street facing townhouses) that has ever been secured. A 5 x 2 bed site with plans and permits approved (2 beds @ 8sq) sold recently for $630k. Contact the team for further information info@my propertywealth.com.au #MPW #offmarket #research #realestate #money #mortgagebroker #melbourne #capitalgrowth #buyersagent #propertycoach #projectmanagement See more
02.01.2022 ** Permit Approved - Melbourne ** Congratulations to one of our Melbourne based clients (couple) who just received notification and documentation from Council that plans and permits have just been approved on this multi dwelling development site. The 800sqm site is situated less than a 7iron away from shops and the railway station, the existing 3 bedroom home has always been rented since the time that the property was secured at auction for $900,000. This is a suburb... that MPW identified as having significant short to medium term capital growth prospects. Plans have now been approved for 3 x 3 bedroom executive style townhouses which will be targeted to various buyers. A 3 bedroom townhouse in a completely inferior position sold recently for over $900k, with a 3 bedroom villa on under 300sqm of land also selling for over $1m (which was again situated in an inferior location compared to this site) Our clients will now move onto the next stage with the MPW Constructions Division organising the working drawings, structural engineering, drainage reports etc before progressing onto the actual construction stage of the new dwellings.. Even local real estate agents believed that this was a duplex site and the reason why the site was secured so cheaply, this is one of the main points addressed during our property tours, you CAN make money from day 1 buying real estate if you know what to look for. Congratulations once again to our clients, existing times ahead #MPW #buyersagent #plansapproved #realestate #propertytour #melbourne #sydney #thatshowitsdone #money #capitalgrowth #research #architect #VIPclients #propertynumber3 #projectmanagement See more
02.01.2022 ** Permit Approved - 3 townhouses ** Congratulations to one of our Sydney based clients who just received a planning permit from Banyule Council for this 3 townhouse project. This particular site was previously secured for under $850k and due to the extra wide frontage, the site could be subdivided with each new dwelling being street facing These executive style townhouses will set the benchmark in the suburb where there is a significant under supply of townhouses b...eing sold, as of today, there are ZERO townhouses listed for sale in the suburb. Each 4 bedroom townhouse (26sq, 23sq, 22sq) will have a master bedroom, walk in robe and bathroom on the ground floor, a walk in pantry, open plan living and dining with island benches, master bedroom number 2 with walk-in robe and en-suite upstairs, parents retreat, alfresco dining and more Giving consideration to the fact that an older style 3 bedroom townhouse in a completely inferior location sold recently for close to $940k, our clients are definitely more than excited to commence building as soon as possible. This is another example where each site must be assessed on a case by case basis #MPW #planningpermit #3streetfacing #money #realestate #propertytour #melbourne #projectmanagement #architect #mortgagebroker #construction #propertycoach #buyersagent #capitalgrowth #townhousebuilder #thatshowitsdone #permitapproved See more
02.01.2022 ** Just Purchased - $350k ** Congratulations to one of our VIP clients who just secured property number 6 with the assistance of the My Property Wealth buyers agent division (with the first purchase being in July 2016). This particular client has been able to leverage off each site as they all have plans and permits approved. This most recent purchase will be land banked for a number of years whilst the various other sites are developed. Townhouses go up in value as ...land increases in value and it’s absolutely imperative that the site is purchased for the best possible price (regardless if it’s a site worth $300k or $2.5m). This is how you can generate real equity and growth which then enables the purchase of other properties. This multi townhouse site was secured well under market value and cheaper than what some duplex sites and non development sites have sold for This was also a case where an out of area agent had the listing and was not aware of the subdivision potential of the site. The last purchase that our client secured was a 3 townhouse site for $850k at a time when a very similar 3 townhouse site had sold for well over $1.1m. Again, this is exactly the same strategy, the process is the same. The site was able to be secured prior to auction in a very hot market Congratulations to our client / friend on yet another amazing purchase. We know that this will be as successful as the other 5 sites #MPW #justpurchased #sold #plans #permits #buyersagent #money #realestate #propertytour #SMSF #propertycoach #retirementplan #mortgagebroker #projectmanagement #priortoauction #research #capitalgrowth #construction #architect See more
01.01.2022 ** Just Purchased - 7 townhouse site ** Congratulations to one of our VIP clients based in Melbourne who just secured property number 3 with the assistance of the MPW buyers agent division. Due to the size, zoning and orientation, this particular site can be subdivided into 7 street facing townhouses (6 x 3 bedroom and 1 x 2 bedroom). The site was secured for close to $500k on an extended settlement, the existing property will be rented for $300pw whilst plans and pe...rmits are approved for the new dwellings. Taking into account that very small 2 bedroom townhouses are currently selling for over $400k, this deal was an absolute no brainer. Since the time of purchase, there have been non development sites sell for very close to $500k with a 3 bed small villa also selling for just under $450k... These clients will soon be building 3 townhouses in an exclusive suburb of Melbourne (site was previously secured for $900k) whereby they will then move onto this development once that 3 townhouse site has been completed. It is absolutely imperative that investors have both short and long term plans when it comes to property development. Land banking cheaper sites ensures that you achieve capital growth on the land which assists with construction loans... Our office was inundated with inquiries regarding this site once it was posted to our social media pages. Due to our close working relationship with various agents, this site was able to be taken off the market immediately. Congratulations to our clients on this 3rd purchase, our clients also secured another site in a nearby suburb for the SMSF which has already achieved significant growth in under a 12 month period #MPW #money #realestate #7townhousesite #zoning #landbanking #investment #capitalgrowth #justpurchased #cornerblock #growthzone #research #mortgagebroker #finance #property See more
01.01.2022 ** Advertising Stage ** Congratulations to one of our Sydney based clients who has now progressed through to the Council advertising stage of this luxurious 5 townhouse development situated within an exclusive Melbourne suburb The site was previously secured at auction for $1,700,000 (on a day where there were at least 15 different bidders) testament to the absolutely ideal location of the site being less than 200m away from cafes, shops and transport. A 4 townhous...e site in a completely inferior location sold in the months prior for $1.6m ($400k per site) so our clients were beyond excited when this site which has better development and superior located was secured for $340k per site. The boutique development will cater to a range of buyers from young families to elderly downsizers and will set a new benchmark in the suburb with various inclusions (including wine fridges). There is currently a significant under supply of new townhouses in this area especially in this location. This is certainly going to be an extremely exciting project to manage and the MPW Constructions Division look forward to providing regular updates on the site as our client progresses through each stage. It doesnt matter if youre buying a site for $300k or $2m, the same principles apply, that is buying the right site for the right price #MPW #realestate #advertisingstage #5townhousesite #architect #plansandpermits #money #research #capitalgrowth #melbourne #finances #auction #buyersagent #financialfreedom See more
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