Property Types

Which Property Type is best for each area?

Charts Click Here To View Formula

Each property type has its own distinct advantages, however, certain property types perform better in some areas than others. Find out why!

Predominant Affordable Property Types

  • Most property types are located in most areas however many types of property become unaffordable or unappealing options for most tenants / residents.
  • Ideally properties should have owner occupier appeal so that if you choose to sell in the future, you can get the highest price (and the most capital growth).
View Detailed Selection Criteria for each property type below
Apartment: An individual unit in a multi-unit building (usually strata titled)
APARTMENT CRITERIA
Type 1 bedroom, 1 + study, 2 bedroom
Price range $300,000 - $650,000
Preferred Sq/m Rate $7,000 - $9,500 p/sqm
Comparable sales Extensive due diligence on comparable sales undertaken
DEVELOPER DUE DILIGENCE
Build Quality Due diligence on construction quality, design, delivery time
Negotiation Pre-negotiated pricing and special offers for Ironfish clients
INVESTOR ESSENTIALS
Capital Growth 9% - 12% p.a. (targeted average)
Rental Return 5% - 5.5% p.a. (targeted average)
Depreciation Maximized Depreciation reports are organized for Ironfish investors
Vacancy Rate 0 - 2.5%
Property Management Ironfish always recommends an experienced local property manager
PROJECT FUNDAMENTALS
Location Within 5-10 km of a CBD (can vary slightly depending on the city)
Amenities Near lifestyle areas including shops, cafes, restaurants etc
Employment 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 most tenants
Parking Not essential - depends on specific location, transport amenities available & likely tenant preferences
Tenant Profile Mainly professionals - singles, couples (with or without children) and students.
KEY GROWTH DRIVERS
Key Growth Drivers
("X" Factors)		 Urban Renewal Area?
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?
Any other unique, additional "value" being added to an area – public or private investment planed?

Townhouse: a single level dwelling, typically one of a set of connected dwellings (strata or Torrens titled)
TOWNHOUSE CRITERIA
Type 2 bedroom or 3 bedroom
Size 85 – 160 sqm
Price range $300,000 - $650,000
Preferred Sq/m Rate $6,000 - $9,500 p/sqm (can vary dramatically by location and quality)
Comparable sales Extensive due diligence on comparable sales undertaken
DUE DILIGENCE
Local Area Research suburb, infrastructure, amenities, council plans
Estate Developer Analysis of Estate plans (if in a masterplaned estate)
Builder Analysis of Home designs, schedule of finishes, completion times, quality
Negotiation Pre-negotiated pricing and special offers for Ironfish investors
INVESTOR ESSENTIALS
Capital Growth 10% - 15% p.a. (targeted average)
Rental Return 5% p.a. (targeted average)
Depreciation Maximized Depreciation reports are organized for Ironfish investors
Vacancy Rate 0 - 2.5%
Property Management Ironfish always recommends an experienced local property manager
PROJECT FUNDAMENTALS
Location Within 5-15 km of a CBD (can vary slightly depending on the city)
Amenities Close to shopping, schools, recreational activities, pool, parks
Employment Need a strong local industry plus be within a 30 minute drive of a CBD
Transport Within a 10 minute drive to public transport (Car convenience is a priority)
Parking Single LUG (lock up garage)
Tenant Profile Varies greatly – singles and couples (with or without children).
KEY GROWTH DRIVERS
Key Growth Drivers
("X" Factors)		 Urban Renewal Area?
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?
Any other unique, additional "value" being added to an area – public or private investment planed?

Villa: a single level dwelling, typically one of a set of connected dwellings (strata or Torrens titled)
VILLA CRITERIA
Type 2 bedroom or 3 bedroom
Size 85 – 160 sqm
Price range $300,000 - $650,000
Preferred Sq/m Rate $6,000 - $9,500 p/sqm (can vary dramatically by location and quality)
Comparable sales Extensive due diligence on comparable sales undertaken
DUE DILIGENCE
Local Area Research suburb, infrastructure, amenities, council plans
Estate Developer Analysis of Estate plans (if in a masterplaned estate)
Builder Analysis of Home designs, schedule of finishes, completion times, quality
Negotiation Pre-negotiated pricing and special offers for Ironfish investors
INVESTOR ESSENTIALS
Capital Growth 10% - 15% p.a. (targeted average)
Rental Return 5% p.a. (targeted average)
Depreciation Maximized Depreciation reports are organized for Ironfish investors
Vacancy Rate 0 - 2.5%
Property Management Ironfish always recommends an experienced local property manager
PROJECT FUNDAMENTALS
Location Within 5-15 km of a CBD (can vary slightly depending on the city)
Amenities Close to shopping, schools, recreational activities, pool, parks
Employment Need a strong local industry plus be within a 30 minute drive of a CBD
Transport Within a 10 minute drive to public transport (Car convenience is a priority)
Parking Single LUG (lock up garage)
Tenant Profile Varies greatly – singles and couples (with or without children).
KEY GROWTH DRIVERS
Key Growth Drivers
("X" Factors)		 Urban Renewal Area?
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?
Any other unique, additional "value" being added to an area – public or private investment planed?

House: A single dwelling on a block of land (usually Torrens titled)
HOUSE & LAND CRITERIA
House Size (sqm) 130 - 200sqm
Land size (sqm) 300 - 550sqm
Packages 3 or 4 bedrooms, 2 bathrooms
Price range $300,000 - $550,000
Comparable sales Extensive due diligence on comparable sales undertaken
Contract Process Usually 2 contracts - Land contract and Building contract (construction
DUE DILIGENCE
Local Area Research suburb, infrastructure, amenities, council plans
Estate Developer Analysis of Estate plans, covenants, stage registrations, lot locations
Builder Analysis of Home designs, schedule of finishes, completion times, quality
Negotiation Pre-negotiated pricing and special offers for Ironfish investors
INVESTOR ESSENTIALS
Capital Growth 10% - 15% p.a. (targeted average)
Rental Return 4.5% - 5% p.a. (targeted average)
Depreciation Maximized Depreciation reports are organized for Ironfish investors
Vacancy Rate 1.0 – 3.0%
Property Ironfish always recommends an experienced local property manager
PROJECT FUNDAMENTALS
Location Within 30kms of a CBD (can vary slightly depending on the city)
Amenities Close to shopping, schools, recreational activities, pool, parks
Employment Need a strong local industry plus be within a 30 minute drive of a CBD
Transport Within a 10 minute drive to public transport (Car convenience is a priority)
Parking Single LUG (lock up garage) or Double LUG
Tenant Profile Mainly families with children or professionals who are happy to commute due to more land / space + relaxed family living conditions
KEY GROWTH DRIVERS
Key Growth Drivers
"X" Factors		 Government announcements affecting the area
New road infrastructure to be constructed?
New shopping centre / extension of existing shopping centre?
Proximity to parkland, golf course etc, new schools?
Any other unique "value" being added to an area?

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.

Find seminars in:

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

View All »
Free Market Report Strategic Analisys