Execution

Demand Analysis

Utilising flatmates.com.au we are able to identify the number of tenants looking for shared accommodation and the number of properties available within a 10km radius. We would look for a ratio of 5 tenants advertising at $250 per week or more to 1 property with an ensuite.

Site Identification & Due Diligence

Potential sites identified on realestate.com.au

Acquisition

Offers made with local real estate agents, with the following terms:

  • $1000 on signing
  • 28 days finance (used for due diligence), building & pest
  • Balance of 10% on finance approval
  • 90 day settlement (longer preferred)

Planning

  • Self-assessable with private certification/surveyor
  • 1b Construction Approval

Construction

  • Standard construction methodology
  • Tranche of 10 within 15km radius

Tenant Acquisition & Property Management

  • Clique Concierge – specialist
  • Furniture procurement and installation
  • General Tenancy Agreement x 9
  • Council Registration
  • House Rules
  • Tenant matching
  • Direct approach & selection opportunity for tenants
  • 9 bonds
  • Quarterly inspections (per tenant)
  • Recovery of outgoings
  • Appropriate insurance coverage