How do I find great sites?

Discussion in 'Development' started by Keanan, 7th Oct, 2017.

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  1. Keanan

    Keanan Member

    Joined:
    4th Dec, 2016
    Posts:
    14
    Location:
    Melbourne
    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!
     
  2. Hamish Blair

    Hamish Blair Well-Known Member

    Joined:
    29th Sep, 2015
    Posts:
    426
    Location:
    Melbourne
    Lots of hard graft and research I am afraid.
     
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  3. Sackie

    Sackie Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    17,314
    Location:
    Bondi Beach
    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.
     
    Last edited: 8th Oct, 2017
  4. Keanan

    Keanan Member

    Joined:
    4th Dec, 2016
    Posts:
    14
    Location:
    Melbourne
    Thank you for that wonderful reply. I'll keep all that in mind moving forward.

    Cheers,


     
  5. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

    Joined:
    19th Jun, 2015
    Posts:
    3,473
    Location:
    NSW
    Or try using a Buyers Agent that specialises in finding development sites.