There’s a growing number of property investors who are taking more advanced steps into small property development, as a way of growing their wealth and portfolio. Property development can offer bigger financial rewards than traditional property investment, but as we all know, there’s no gain without an element of risk. So, you really need to consider the potential on both sides before you get too far down the property development path.
How we Resolve it
Your Resolve Mortgage Broker is a great place to start when it comes to expert advice and the kind of financial arrangements that will help you maximise your property opportunity. It’s a more complicated area of finance than buying or building a home, so do make time to chat with them.
It’s worth remembering, Resolve Finance is part of the ABN Group – one of Australia’s most trusted building companies. We understand the financial needs of investment and development projects, and have leading partners in the building industry to make your journey to property development easier.
What’s involved?
The first step to determining your financial needs is deciding whether your project qualifies as residential or commercial. Your loan needs are commonly determined by the amount of properties or units you wish to develop. For example, if you want to subdivide and build an investment property (or two) on your current block, the process will be much easier than purchasing a ‘development site’ and choosing to build a large number of units or apartments. You may need a combination of loans, including:
What to remember
There are a number of variables to consider when getting into property development, and we strongly advise first time investors to begin their property journey with professional advice. At Resolve Finance, we’ll work with you to assess what project size is manageable based on your situation. It’s just one of the ways we Resolve it.
Calculators
Getting a home loan is a big deal, but it doesn’t have to be stressful. Whether you’re looking to build your first home, buy and sell, or simply want to know your borrowing power, we’ve made things easy for you.
Chat to us
To learn more about property development, speak to a Resolve Mortgage Broker today.
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