Investing in Different Property Types with Ironfish

Ironfish Offices

Select an office to view contact details

Are you a property developer?

Contact Head Office

Property Types

Each property type has its own distinct advantages, but some perform better in some areas than others.

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.

Select a property type below to view our detailed selection criteria:

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 - 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?
Town House

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?
Villa

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?
House

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?
Commercial

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.