{"id":1144,"date":"2023-06-09T04:54:23","date_gmt":"2023-06-09T04:54:23","guid":{"rendered":"https:\/\/www.summithomes.com.au\/south-west\/journal\/uncategorised\/value-is-in-the-land-how-do-investors-maximise-their-subdivision-in-2023\/"},"modified":"2023-12-04T07:48:27","modified_gmt":"2023-12-04T07:48:27","slug":"value-is-in-the-land-how-do-investors-maximise-their-subdivision-in-2023","status":"publish","type":"post","link":"https:\/\/www.summithomes.com.au\/south-west\/journal\/value-is-in-the-land-how-do-investors-maximise-their-subdivision-in-2023\/","title":{"rendered":"Value is in the land; how do investors maximise their subdivision in 2023?"},"content":{"rendered":"
After three years of record growth, Perth remains the most affordable capital city in Australia to buy property in.<\/p>\n
Yet since the start of 2020, house prices have increased by 24 percent, with the Real Estate Institute of Western Australia (REIWA) expecting house prices to rise another 2-5 percent in the next 12 months.<\/p>\n
And on top of that, the State continues to face a housing and rental crisis with Perth\u2019s vacancy rate dipping to a historically low 0.4 percent.<\/p>\n
With ongoing undersupply comes strong demand, as migration is forecast to increase by 251 percent and the State\u2019s overall population set to increase by 1.6 percent in 2022-2023.<\/p>\n
Given these factors, it\u2019s easy to see why Perth\u2019s property market has been drawing the attention of astute property investors.<\/p>\n
According to Quentin Lau, Ewan McConnell and Adrian Johnson of Summit Developments, investors who are ready to enter the market are in a good position as Perth is still massively undervalued.<\/p>\n
\u201cWA is in urgent need of more investors to help ease the housing shortage the state is facing,\u201d Ewan said.<\/p>\n
Quentin continued; \u201cInvestment opportunities such as subdivision, are one of the main development avenues investors should be keeping a close eye on, as any good investor or property developer knows, the value is in the land.\u201d<\/p>\n
When looking for land suitable for a subdivision development, here are Summit Development\u2019s top tips for ensuring your investment maximises its return on investment;<\/p>\n
Quentin, Ewan and Adrian collectively have over six decades of experience in property development.<\/p>\n
Partnering with an experienced developer who will be able to guide you in the right direction, is the key to successful property development.<\/p>\n
Having developed a portfolio worth over $685 million, the Summit Developments team pride themselves on delivering a high value and quality constructed development for their clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
After three years of record growth, Perth remains the most affordable capital city in Australia to buy property in.<\/p>\n","protected":false},"author":1,"featured_media":1145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[146],"tags":[],"acf":[],"yoast_head":"\n