1 into 6 Community Titles (Matt Webb)
1711sqm, General Neighbourhood Zone, Ottoway, Port Adelaide Enfield Council, South Australia
Affordable housing is more than a buzzword; it's a critical need in today’s market.
Yet, how many developers can say they've truly cracked the code?
Do you want to hear from a developer who has successfully constructed six high quality homes on community titles AND still made a nice profit margin?
Do I hear a YES PLEASE?
Well, our speaker for this month is Matt Webb who purchased this site off-market with a DA already in place. Negotiating a delayed settlement, he was off to a great start. BUT… Like every project, there were hiccups to deal with:
- issues with getting finance
- build insurance issues delayed the project
- long lead times for consultants during COVID
Come along to this Meetup to hear from Matt how he leveraged his relationship with the builder and bought money partners on board to help with the cashflow of the project – ultimately turning obstacles into a solid profit and much-needed win for affordable housing in his community.