Hi! I wonder if anyone can help me with any more methods for finding great small-medium townhouse/apartment dev sites other than these: - stay in touch with agents, probe for off-market deals in specific areas - drive around looking for stuff (obviously only suitable within drivable distance), locate something with potential, then try to source the owner - network with other like minded people - use online platforms to research areas, rp data, pdol - cruise re.com and others for sites that are already on the open market - letterbox drops, door knocking searching for JV's Of course, I want to find sites in growth areas but not necessarily inner city areas. I'm in Melbourne but I'm happy to look anywhere in Australia. I assume it's trickier developing outside your known area but I can't imagine the methods for locating quality sites are any different than the above. Are there any that I am missing? Thanks!
In one word, 'networking', like you mentioned above. Townplanners are also a great asset if you build solid relationships with them and let them know the kind of deals your after and if they pass a site your way, you'll engage them for all the town planning . Small builders too can sometimes throw good sites your way and then you let them tender for it. I've found multiple gems this way in cities I don't reside in. Obviously goes without saying networking with multiple agents is a must and building solid relationships/trust with them for future purchases too. Just be a pitbull with them and constantly stay in close contact to hopefully find out about a site before others and get 1 leg up in the process. What many agents want most is a qualified, reliable buyer with a palatable offer they think the vendor may accept or work with. Also 'Out of Area' agents are 1 of my favourite avenues for getting a good deal. It's worked quite a few times.
