Supply, Local Body Rules
- Garage conversions: Growing in popularity, converting a garage into an additional residence could quickly add more accommodation to existing stock.
- Splitting large houses into townhouses: Can require inter-tenancy walls among other things, but could be more easily facilitated through a common ownership or shared license to occupy framework. This approach could suit those wanting to downsize, as well as first home buyers.
- Converting commercial sites to residential and mixed zoning: Repurposing prime land such as car yards into residential could reflect dealers adopting the Tesla model of direct delivery. If dealers could realise the value of their lots as residential many might consider it. There are commercial properties that could become hybrid with residential options. We are currently marketing a residential development with ground floor commercial offices, on a Newlands site that was previously a timber yard. Market demand for this development is strong.
Funding New Developments
Reduce Construction Risk for Buyers
- Sunset clauses, to prevent vendors wriggling out of a deal to resell for greater profit.
- Incorporated developers
- Warranties and insurance
- Deposit handling