Property Types
Most property types, such as apartments, townhouses and villas for example, are located in most areas, but can become unaffordable, unappealing or unsuitable options for many people. That’s why, ideally, properties should have “owner-occupier appeal” so that if you choose to sell in the future, you can secure the highest price – and, therefore, the most capital growth.
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 - 3.0% |
| Property Management | Ironfish always recommends an experienced local property manager. Ironfish New South Wales, Victoria and South Australia offer local Ironfish property management services. |
| Project Fundamentals | |
| Location | Within 5-10 km of a CBD (varies depending on 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? | |
A 2+ level dwelling, typically one of a set of connected dwellings (strata or Torrens titled). Townhouses can be built to one or both lot boundaries.
| Town House Criteria | |
|---|---|
| Type | 2 or 3 bedroom |
| Internal Size | 85 – 160 sqm |
| Target Pricing | $300,000 - $650,000 |
| Preferred Rate (per sqm) | $4,000 - $9,500 p/sqm (can vary dramatically by location, quality and land size) |
| 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 | Analysis of Estate plans (if in a masterplaned estate) |
| Build Quality | Analysis of builder home designs, schedule of finishes, completion times, quality |
| 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% p.a. |
| Depreciation | Maximized Depreciation reports are organized for Ironfish investors |
| Vacancy Rate | 0 - 3.0% |
| Property Management | Ironfish always recommends an experienced local property manager. Ironfish New South Wales, Victoria and South Australia offer local Ironfish property management services. |
| Project Fundamentals | |
| Location | Within 10-20 km of a CBD (can vary slightly depending on the city) |
| Amenities | Close to shopping, schools, recreational activities, pool, parks, playgrounds |
| Employment | Convenient proximity to local employment centres and within a 30 minute drive of a CBD |
| Transport | Within a 10 minute drive to public transport (car convenience is a priority) |
| Security | All properties need to be secure as well as in "safe" areas. |
| Parking | Very important. Single LUG (lock up garage) |
| Tenant Profile | Singles and couples, plus families with maximum 1-2 children |
| 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 existing / proposed Shopping Centre? | |
A single level dwelling, typically one of a set of connected dwellings (strata or Torrens titled). Usually the villa house will be built to the lot boundary on one side.
| Villa Criteria | |
|---|---|
| Type | 2 or 3 bedroom |
| Size | 85 – 160 sqm |
| Target Pricing | $300,000 - $650,000 |
| Preferred Sq/m Rate | $4,000 - $9,500 p/sqm (can vary dramatically by location, quality and land size) |
| 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 | Analysis of Estate plans (if in a masterplaned estate) |
| Builder | Analysis of builder home designs, schedule of finishes, completion times, quality |
| 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% p.a. |
| Depreciation | Maximized Depreciation reports are organized for Ironfish investors |
| Vacancy Rate | 0 - 3.0% |
| Property Management | Ironfish always recommends an experienced local property manager. Ironfish New South Wales Victoria and South Australia offer local Ironfish property management services. |
| Project Fundamentals | |
| Location | Within 10-20 km of a CBD (can vary slightly depending on the city) |
| Amenities | Close to shopping, schools, recreational activities, pool, parks, playgrounds. |
| Employment | Convenient proximity to local employment centres and within a 30 minute drive of a CBD |
| Transport | Within a 10 minute drive to public transport (Car convenience is a priority for families) |
| Security | All properties need to be secure as well as in "safe" areas |
| Parking | Very important. Single LUG (lock up garage) |
| Tenant Profile | Singles and couples, plus families with maximum 1-2 children. |
| 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? | |
A single dwelling on a block of land (usually Torrens titled). Houses are not normally built to the boundary of the land lot and may be single or double level.
| House Criteria | |
|---|---|
| Type | 3 or 4 bedroom, 2 bathrooms |
| Internal Size | 130 - 200sqm |
| Land Area | 300 - 550sqm |
| Targeted Pricing | $300,000 - $550,000 |
| Preferred Rate (per sqm) | $4,000 - $9,500 (can vary dramatically by location, quality and land size) |
| Comparable Sales | Extensive due diligence on comparable sales undertaken |
| Contract Process | Usually 2 contracts - Land contract and Building contract (construction) |
| Developer Due Diligence | |
| Local Area | Research suburb, infrastructure, amenities, council plans |
| Estate Developer | Analysis of Estate plans (if in a master planned estate) |
| Build Quality | Analysis of builder home designs, schedule of finishes, completion times, quality |
| 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 | 4.5% - 5% p.a. |
| Depreciation | Maximized Depreciation reports are organized for Ironfish investors |
| Vacancy Rate | 1.0 – 3.0% |
| Property Management | Ironfish always recommends an experienced local property manager. Ironfish New South Wales, Victoria and South Australia offer local Ironfish property management services. |
| Project Fundamentals | |
| Location | Within 30kms of a CBD (varies depending on city) |
| Amenities | Close to shopping, schools, recreational activities, pool, parks, playgrounds |
| Employment | Convenient proximity to local employment centres and within a 30 minute drive of a CBD |
| Transport | Within a 10 minute drive to public transport (car convenience is a priority) |
| Security | All properties need to be secure as well as in "safe" areas. |
| Parking | Very important. Single or Double LUG |
| Tenant Profile | Families with children or professionals who are happy to commute due to more land / space and relaxed family living conditions |
| Key Growth Drivers | |
| Key Growth Drivers ("X" Factors) |
Designated Urban Renewal Areas - 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? | |
A property that is zoned and used for business / commercial purposes
Commercial properties offer considerably more risk to investors and should only be seriously considered once an initial portfolio of at least 4 residential properties has been accumulated.
