Property development finance

Australia’s population is growing at a fast pace

With the population of Australia growing and the demand for housing (and other properties) often outstripping supply, the construction of more housing is required to meet Australia’s need.

So what is the solution? It is obvious really, we need more development. We need private individuals or companies/entities to develop or re-develop Australia’s landscape to accommodate our growing population and demand for property.

Making a property development project happen

You may be a smart operator and have identified some real development opportunities but unless you are already super rich you are going to need finance to make your project happen. This can be where some would be developers and even experienced developers come unstuck leaving their potential project as just a dream or worse (potentially much worse) if they committed without securing the finance in advance.

Getting property development finance approved

Getting your property development funding approved does not have to be a problem if the project has real merit. However, banks and other lenders can be extremely risk averse if there are some unresolved problems and end up rejecting your proposal or giving you conditions that you just can’t meet.

So what is the solution? Using an finance broker with experience getting development project finance approved can be a valuable asset to your team of property development professionals (along with your architect, builder, lawyer, project manager etc..).

Want to know more about the factors that impact on funding approvals?

Find out how to get your property development approved.

Do you have a development project that you need to finance?

Contact a property development finance broker.

Median house price soars in Mt Waverley

Median house price soars in Mt Waverley

by REBECCA DI NUZZO

WAVERLEY’S STATUS AS A PROPERTY HOT SPOT HAS BEEN CONFIRMED WITH THE SUBURB RANKING AMONG MELBOURNE’S TOP 25 SURBURBS FOR THE BIGGEST GROWTH IN HOUSE PRICES.

The median house price shot up 18.1 per cent to $980,000 in the year to March, eclipsing neighbouring Glen Waverley, to establish Mt Waverley as Monash’s star performing suburb, according to a CoreLogic RPData report.

Glen Waverley’s median house price grew 13.8 per cent to $990,000 in the same 12-month period.

Jellis Craig Mt Waverley agent Stephen Huang said the area’s Chinese community, elite schools, public transport options and The Glen made both suburbs popular with overseas buyers.

But the quieter streetscapes of Mt Waverley had become a major drawcard for families.

“For a lot of new migrants this (Mt Waverley) is the first choice,” Mr Huang said.

Source: Herald Sun

Are you thinking to buy a property in Melbourne? Maybe you are looking in Melbourne’s top top growth suburb Mount Waverley. Contact an Oak Laurel mortgage broker to find out your borrowing power.