Attention Sydney-based developers:
Development opportunities in the wa market
Things may be getting quiet in the Sydney property market, but in Perth opportunities are starting to open up.
The Perth property market typically trails that of Sydney, and is currently at the bottom of the property cycle.
Perth is embracing walk-up apartments in the suburbs
You can develop multi-uni walk-up apartments in the northern suburbs of Perth right on the train line.
To give an indication of possible project size & pricing (based on recent Zegna projects):
- 7 unit multi-apartment developments from $2.6M*
- 7 unit sites, 19km from the CBD can be around $850K*
- 2 Bed, 2 Bath units can sell for around around $500K - $550K*
- Gross profit range can be 20% - 40% depending on location*
- Zegna adopts a cashflow positive investment strategy
All in all, there are profits to be made as the Perth market recovers.
Zegna is a Perth based builder/developer specializing in turn key multi apartment developments.
We deliver turn-key developments:
Land Construction Strata Sales Rentals
Speak to us today about current opportunities in Perth.Learn more about Zegna Contact us