We have the expertise to help you get all this right.
Our EPIC project development process is set up to help people just like you undertake important preparation activities like strategy, finance and tax planning, sourcing the right property in the right areas, and doing the numbers before you commit so you are certain of project viability.
Let us help you by providing the expert advice, guidance you need to enjoy a safe and successful property development journey.
Our initial preparation consultation is the first part of Building an EPIC Project.
It’s a 60-minute consultation, where we go through an introduction to project planning, development strategy, finance pre-approvals, tax planning, investment set up, and sourcing premium development sites. The consultation is held at our office in Perth (or via teleconference). If you’re interstate and looking to develop in Perth, let us know when making a booking.
EPIC Project Example
Sam owns a successful renovation business employing around 20 people, and was looking to step back form his business a bit and get into property development.
He found the Infill Property Developer E-book on our website in January 2020 and bought it.
Keen to continue learning all he could before he started, he and his business partner Ron enrolled in the Practical Skills Day Course: Planning & Designing Successful Developments in march 2020.
By the end of the course, they had a much better understanding of where, why and how to develop properly. They then started working with us to get ready for a project acquisition.
This meant assistance with finance, tax planning and strategy discussion about their goals, budget, and the assembly of an acquisition brief. With the assistance of buyer’s agents in our real estate agent network, we looked at, and ran the numbers on 4 off market sites. In late June, we found a property that was the right fit for them, being a 3-townhouse development site in Leederville. The site was off market, so dealing with the owner allowed us time to negotiate terms, price and work out the best design solution with feasibility studies before committing to the project.
| Purchase price | $1,200,000 |
| Purchase associated costs | $93,515 |
| Total Purchase Price | $1,293,515 |
| Total Subdivision and Build costs | $1,251,826 |
| Total Holding and Interest costs | $122,018 |
| Total Land and Development Costs less GST (includes contingencies, development management) | $2,662,903 |
| On Completion Value (less selling costs and GST) | $3,203,409 |
| GST owed | $78,999 |
| Profit before tax (net of GST) | $461,507 |
| Indicative ROI | 17.33% |
| Indicative ROIC | 44.26% |
| Upfront capital required | $1,042,758 |