1 into 4 Subdivision & New Builds
666sqm, Housing Diversity Neighbourhood Zone, Modbury, Tea Tree Gully Council, South Australia
Are you leveraging your relationships with real estate agents, or are you letting opportunities slip through the cracks?
It took Peter five years to see the fruits of his efforts, when a real estate agent came to him with this prime off-market development site.
Already DA approved, this property development site seemed like a no-brainer, but as we all know, existing approvals can be a double-edged sword!
Having approvals allowed Peter and his JV partner, Paul, to circumvent unreasonable requests that Council may have made if they started from scratch with new plans.
However, to optimise the existing design they had to navigate a series of challenges:
- a minor variation to the DA Approvals,
- a change of builder,
- getting the builder to transfer the ownership of the plans,
- applying for credits for fees already paid by the previous owner,
- paying for expedited service to get the Titles issued sooner!
Pre-Selling three lots as house and land packages, they were forced to pivot and construct the last one to get the final sale over the line.
If you’ve ever been frustrated by slow sales or watched the market explode while your project sits idle, this is a session you won’t want to miss!
Ready to turn your real estate connections into real opportunities? Let’s dive in!