Dual Occupancy Melbourne - How to Know What Suburbs You Should Develop In

In this Dual Occupancy Melbourne video, Pete breaks down in detail how to know what makes the best suburbs to develop in.
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00:00 Introduction
00:50 The first and biggest risk when undertaking a dual occupancy project
01:08 Protection overlays
01:29 What vegetation includes
01:51 Dual occupancy block dimensions
02:15 Side by side dual occupancy example on 12m frontage
02:24 Checking the local area (drive around)
02:50 Checking suburb sales metrics
03:20 Suburb metrics example formula
04:19 Understanding supply and demand in selected suburbs
05:46 Dual occupancy development experience
06:03 Suburbs that make sense to do dual occupancy developments
06:10 Suburbs that don't make sense to do dual occupancy developments
06:28 Wrapping up
#dualoccupancy #melbourne #suburbs

[@peterkellyofficial]

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[@lisamoor-vera9491]

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[@peterkellyofficial]

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[@kasturishinde710]

Hi Peter we are looking in a property which is not a perfect Square the front is 24.5m, Sides are 28.3 & 31.2 and back is 18.4m will that be ideal to make an dual occupancy and it's in Werribee. Also thanks for posting this video, really helpful.

[@peterkellyofficial]

Hi Kasturi, I wish it was that simple!
There are too many variables that would need to be considered to decide one way or another based on what you have shared. Also what a successful project looks like for you could be different to someone else so it is around expectation as well.
To really be able to help, it would be best to reach out to our team where they can peel the onion back, get all the information and provide some genuine feedback. I'm conscious of shooting from the hip, making assumptions and sending you down the garden path!
You can reach out to the team here: www.littlefishproperties.com.au/property-development-consultants/

[@HaultRxst]

👍🏼

[@peterkellyofficial]

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[@leverarchable]

If your property is not near CBD they are not interested.

[@peterkellyofficial]

Hi Mat, no question they best stack up closer to the city but there are outer suburbs, including some coastal ones that can make sense. At the end of the day, it comes down to the motivation behind undertaking a townhouse or dual occupancy project, it isn't always financial which means they can make sense anywhere.