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Understanding the intrinsic value of an asset is paramount to a successful project.
It's true that you make your money when you buy, and buying right helps to ensure a successful project, even in bad times.
Quality valuations follow a detailed set of criteria that need to be accurately collated, & then calculated.
Four of the major criteria to look for include the location, current market value & targeted prospecting which eventually lead to quality valuations & acqusitions.
Basic principals of supply and demand are at play here, properties in tightly held & desirable geographic locations do best.
Assessing comparables & where we are in the market cycle is critical as you don't want to over pay, especially just before a dip in the market.
What is the potential for the land? Determining the potential highest and best use of the site is paramount.
Assessing the state of the property it self is a large component when looking at comparables.
Our current project in Randwick is proving to be a runaway success! Our experienced team, comprising of Studio Johnston, ABC Planning and Mills Oakley had to meticulously problem solve with council to come to an amenable solution.
In addition to the four key pillars of 'Location, Current Market, Prospect & Quality', we must take into account rating systems to determine if our property is at an inferior or superior level to the closest companies used as comparables.
We have also been quite successful in creatively structuring development applications which can significantly increase the value of the land for many owners.
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12/193 Macquarie Street, Sydney,
New South Wales
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