Duplex Case Study
How does an immediate equity gain of $183,778 sound from building a duplex? This recently happened to a client of Aus Property Professionals who did a development project in Armidale, North Western NSW.
Now you might be wondering why we chose Armidale for this project. Well, a strategy is important of course. The clients wanted to obtain a large amount of equity and have positive cash flow from day one. We knew that Armidale has strong rental yields and offers good value for comparable villas and townhouses. Financial perimeters are also important and in this case, we needed a duplex that would fit under the $600,000 mark (including land, construction and council costs).
And then there is Armidale itself. It differs from most inland regional centres because it has a long established university, transforming it from a rural town to a sophisticated and cosmopolitan small city.