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Whether you're after a four bedroom home in a high-growth suburb for medium term capital gains,or a development for immediate profits, we can help you select the right property or development project.
It's one of the most effective yet hassle-free ways to tap into the very promising Brisbane market."
Business Development Manager
Case Study - July 2005
A great site at a great price!
Investment House focuses on potential development sites in the 8-10 km radius of the CBD. This particular “splitter” site (a “splitter” is generally a double block of land with an old home that can be demolished) was for sale for about 2 months for $480,000. We knew it had been on the market for some time as Investment House is constantly researching real estate in the area. Based on this information we were able to successfully negotiate a great deal for our client – who bought the site for $435,000.
More importantly, (and even better still for our client), we were able to negotiate a 60 day settlement. Normally with a 30 day settlement a contract only becomes unconditional 21 days after the contract is signed and consequently it leaves only 9 days before settlement. With a 60 day settlement period, Investment House was able to organise all the necessary documentation, consultants and engineers allowing the client to submit the Development Approval (DA) prior to settlement. The DA period takes approximately 3 months (including the DA preparation). We submitted the DA 14 days before settlement and a massive 30 days “ahead” of schedule, saving our client time and money. With a reduced holding cost of 30 days our client was able to save over $3,000 and increase their bottom line.