| Apartment: An individual unit in a multi-unit building (generally strata-titled). Separate car parking in a basement area. Shared facilities and recreational areas are common features. | |
| APARTMENT CRITERIA | |
| Type | 1 or 2 bedroom |
| Internal Size | 42 - 85 sqm |
| Target Pricing | $300,000 - $650,000 |
| Preferred Rate (per sqm) | $7,000 - $9,500 p/sqm |
| Comparable Sales | Extensive due diligence on comparable sales undertaken |
| Contract Process | Single contract |
| DEVELOPER DUE DILIGENCE | |
| Local Area | Research suburb, infrastructure, amenities, council plans |
| Estate Developer | Review of past projects |
| Build Quality | Due diligence on builder, construction quality, design, delivery time |
| Negotiation | Pre-negotiated pricing and special offers for Ironfish investors |
| INVESTOR ESSENTIALS | |
| Capital Growth Targeted Average | Double every 10 years (targeted annual growth average - 7.2% compound growth min.) |
| Rental Return Targeted Average | 5% - 5.5% p.a. |
| Depreciation | Maximized Depreciation reports are organized for Ironfish investors |
| Vacancy Rate | 0 - 2.5% |
| Property Management | Ironfish always recommends an experienced local property manager. Ironfish Victoria and South Australia offer local Ironfish property management services. |
| PROJECT FUNDAMENTALS | |
| Location | Within 5-10 km of a CBD (varies depending on the city) |
| Amenities | Near lifestyle areas including shops, cafes, restaurants etc |
| Employment | Close proximity to a CBD or major employment centre |
| Transport | Within 10 mins walk to public transport - train, bus, tram, ferry etc |
| Security | High level of building security is important to tenants |
| Parking | Not essential - depends on specific location and likely tenant preferences |
| Tenant Profile | Mainly professionals - singles, couples (with or without children) and students. |
| KEY GROWTH DRIVERS | |
| Key Growth Drivers ("X" Factors) |
Designated Urban Renewal Area - any unique additional "value" being added to an area - public or private investment planned? |
| Proximity to water / beach / parkland / views? | |
| New Road Infrastructure to be constructed? | |
| Close to major existing / proposed Shopping Centre? | |
| Close to Major University Campus / Educational institution? | |
What Ironfish Clients Say
"After attending Ironfish’s seminar, I have a fresh understanding of investment. I am fully confident that with Ironfish’s property investment strategies..."
Hector, Accountant
"With Ironfish’s help, I bought my very first investment property and within a few months, my property has already gone up in value by $40,000 – 50,000..."
James, Accountant
"We have so far bought three properties from Ironfish, and it has always been a pleasure to benefit from Ironfish’s professional experience in the property market. "
Francis, IT Professional
"Ironfish not only provide property research information, but also educate their clients on how to invest and manage their individual property portfolios..."
Joe, Financial Planner
Ironfish Offices
Sydney
Melbourne
