Apartments in particular are expensive to build, costing around $4,000 per square metre. When you add in the land and subdivision costs, it can end up costing more to build them than they can be sold for, particularly in suburban areas. Only small, inner city apartments, and apartments in some prime areas with affluent demographics, appear to be worthwhile for developers to build.
Terrace houses are more cost-effective to build, at around $1800–$2,000 per square metre. However, the draft AUP prioritises apartments – 50% compared to 3–4% for terrace housing.We had the good fortune of attending the Property School this year and it was worth every cent of our investment. All the sessions were jam packed with useful information and We thoroughly enjoyed every minute of our time here. Matt, Janet and John all have a different style of teaching yet I'm really impressed with the depth of knowledge each of them possesses. What you will learn here is a combination of theories and practical knowledge that you can take advantage of straightaway and apply in the real world. Give them a call today and book for the next session! - JL & XY - December 2017
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
Learn More