Site is 5km South of Brisbane CBD.
Options are to build 6 x 3 bed townhouses.
Block has dual street frontage so a row of 3 townhouses face one street and another row of 3 townhouses face the other street, ie, all backyards will face each other.
Or, build 10 x 2 bed units (1 bathroom), 3 levels + basement carpark (needs 1m excavation).
Obviously costs will be higher for 10 units, but end valuation and overall rent ruturn will be higher.
Is there any obvious decision or considerations before I investigate projected valuations and rent returns further?
The purpose is to hold on completion for maximum rental yield, and growth too.
Thanks
Options are to build 6 x 3 bed townhouses.
Block has dual street frontage so a row of 3 townhouses face one street and another row of 3 townhouses face the other street, ie, all backyards will face each other.
Or, build 10 x 2 bed units (1 bathroom), 3 levels + basement carpark (needs 1m excavation).
Obviously costs will be higher for 10 units, but end valuation and overall rent ruturn will be higher.
Is there any obvious decision or considerations before I investigate projected valuations and rent returns further?
The purpose is to hold on completion for maximum rental yield, and growth too.
Thanks