Daily BulletinHoliday Centre

Real Estate

  • Written by Adam Santarossa


THE PROPERTY OPTION THAT IS A WINNER FOR ALL

 

In a time where first home buyers are struggling to impact the property market and investors are looking for high returns, Infill is rising in popularity, as it becomes a housing option that services all parties.

 

Infill is the process of subdividing large blocks of land or existing properties in already established areas.

 

It is becoming increasingly popular as it gives home owners a more affordable option of living closer to their city’s CBD and close to transport services.

 

No longer must buyers in the market look to move towards the outskirts of their city, given the urban sprawl.

 

Craig Gemmill, Managing Director of Gemmill Homes says Infill provides a better opportunity for investors, more affordable property for first home buyers and takes the pressure of local government to continually provide more services to newly created suburbs.

 

“With the urban sprawl, as people move further and further away, more infrastructure such as trains and shopping centres are required to service these people,” Mr Gemmill said.

 

“There’s obviously longer travel times for work too for people living so far away, and that’s why infill has become popular,” he said.

 

“People are looking at suburbs with established infrastructure, shops, train stations, bus networks, hospitals and schools.

 

“The people that have these bigger blocks now can subdivide and put one, two or three houses on them. It’s a great opportunity for investors.”

 

Gemmill says building practices have advanced to the stage where subdivision and developing multiple properties is now easier than ever.

 

Building companies, like Gemmill Homes, have streamlined the process and can now handle all aspects, easing the burden for clients.

 

“It’s not complicated like people think,” Gemmill explained. 

 

“The processes that the builders have developed has matured over the last 10-15 years, so they can take care of every aspect for you.

 

“Now it is really a one stop shop, when before it wasn’t. There used to be so many pieces to the puzzle.

 

“Before the client had to do a lot on their own. That has all changed. Now we can do everything for them. From demolition, to drawing up plans, liaising with councils, we can handle every aspect.”

 

Gemmill says now is a great time to be looking at Infill as an option, with APRA having removed the cap on lending regulations.

 

But Gemmill warns investors to seek the right advice to ensure the best outcome.

  • Trust the Professionals: There are a lot of pitfalls and problems associated with property development, a professional can handle all aspects and guide you through the process.
  • Get informed: Talk to an expert before you buy land or existing property. Don’t wait until you have done the demolition. This ensures no nasty surprises and no budget blowout.
  • Sweat the small stuff: Small details in the development can easily be overlooked. Issues such as securing the premises, impacting neighbouring properties and undermining existing structure can all lead to big problems.
  • Know the end game: There are potential tax implications and added building and planning costs. Decide whether to build, sell, rent beforehand, to ensure a smoother process. 

“The initial investment to those contemplating infill is just time,” Gemmill said.

 

“It doesn’t cost more than that, it doesn’t cost people anything to talk to us,” he said. 

 

“But the returns are there for investors. First home buyers are looking for a way to get into the market and infill provides affordable homes, close to the city.

 

“It’s a real winner for all parties.”

 

For more information on Gemmill Homes, visit - https://gemmill.com.au/

INTERWEBS DIGITAL AGENCY

The Conversation

Politics

Alan Jones interview with Scott Morrison

ALAN JONES: The Prime Minister is on the line from Canberra. Prime Minister, good morning.   PRIME MINISTER: Good morning, Alan. I’m in Sydney this morning I got back last night.   JONES: Oh, ...

Alan Jones - avatar Alan Jones

Scott Morrison Virus Announcement

PRIME MINISTER: Good afternoon. Keeping Australians safe - that is the priority of our Government as we deal with what has been an emerging situation with the coronavirus. Each and every day there a...

Scott Morrison - avatar Scott Morrison

Closing the Gap Statement to Parliament

Mr Speaker, when we meet in this place, we are on Ngunnawal country. I give my thanks and pay my respects to our Ngunnawal elders, past, present and importantly emerging for our future. I honour...

Scott Morrison - avatar Scott Morrison

Business News

WHAT EVERYBODY OUGHT TO KNOW ABOUT ARBORIST IN NORTH GOLD COAST

Apart from being home to kangaroos, Australia’s North Gold Coast is an epicurean delight for tourists seeking relaxation amidst ‘thrills and chills’ on their vacation! From widespread beaches with s...

News Company - avatar News Company

Is It Necessary To Enroll Your Employees In First Aid Training?

Employees are a vital asset to any business, whether it’s a construction company or a legal firm. That’s why it’s important for employers to take necessary measures in ensuring the safety and health...

Joe Curmi - avatar Joe Curmi

Having a mentor is a must to take your business to the next level

Kerstyn Walsh will have the chance to meet her business mentor, LA-based wedding planner to the stars, Lisa Vorce, which will be game-changing for growing Kerstyn’s business Kerstyn Walsh, a self-emp...

Media Release - avatar Media Release

Travel

Travelling With Pets? Here Is What You Should Know

Only a pet parent can understand the dilemma one experiences while planning a vacation. Do you leave your pets at home?  Will you get a pet sitter or someone to take care of them while you are away?...

News Company - avatar News Company

How to Be a Smart Frugal Traveller

You are looking through Instagram, watching story after story of your followers overseas at a beach in Santorini, walking through the piazza in Italy, and eating a baguette in front of the Eiffel ...

News Company - avatar News Company

HOW TO PREPARE FOR YOUR GRADUATION TRIP

Graduation is the stage of life when a student receives the rewards of hard work of years. It must have taken sleepless nights and tiring days to achieve the task. Now, as you have received your cov...

News Company - avatar News Company

ShowPo