Adelaide 1 into 2 Development

Discussion in 'Development' started by Longrass, 11th Jan, 2018.

Join Australia's most dynamic and respected property investment community
  1. Longrass

    Longrass Well-Known Member

    Joined:
    20th Nov, 2017
    Posts:
    75
    Location:
    Larrakeyah
    Hi all,

    Just wondering if any of you have done a 1 into 2 development in the Adelaide area. I’m getting awefully close to jumping in and doing one, targeting Henley Beach/Fulham.

    I have a builders license meaning I can collect builders margin as well as the development profit.

    Any thoughts? Tips? Tricks?
     
  2. risk manage

    risk manage Member

    Joined:
    17th May, 2017
    Posts:
    10
    Location:
    Adelaide
    Great suburbs re demand. Anyone can get a Builder's Licence, what is important is that you are (or have) a REGISTERED Superviser, supervising all built form including Paving re A.S./ falls etc.
     
  3. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    Have done that myself, but not in those suburbs. Great rental demand though we've found recently :)
     
  4. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    Sounds like you have the skills and knowledge and location.
    Specifically what do you want to know?
     
  5. Longrass

    Longrass Well-Known Member

    Joined:
    20th Nov, 2017
    Posts:
    75
    Location:
    Larrakeyah
    Has anyone else done similar?

    Also happy to JV with a local that knows the ins and out. We have cash so do not need a partner, but would be open to exploring the option if they brought local contacts/experience to the table.