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Profitability depends heavily on the suburb, so it's essential to do your research. As you start working towards your property development goal, you'll likely become an expert, utilising various research methodologies such as charting, tracking population, rental income, and more.
Some suburbs may require you to build four properties to achieve a good profit. In other suburbs, where buyers prefer larger houses, it might be best to build only two dwellings to maximise profit.
The Visual Research Method
You can begin with a simple, visual research method. Watch this 2-minute video for more details.
In the video, we walk you through our step-by-step visual research process. Contrary to the developer's initial strategy of building two new dwellings side by side, the example suburb after this research, is found better suited for constructing a large, beautiful home to maximise profit, which is what the developer ultimately chose to do.
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Disclaimer: We assume no responsibility or liability for any errors or omissions. The information is for general purposes only with no guarantees of completeness, accuracy, usefulness, or timeliness. You must engage a suitable consultant for your specific situation.
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