Glenroy, VIC
- Project: Construction and conversion to 2 x 6-bed co-living houses
- Loan amount: $450k
- Total loan facility: $1.25m
- Project term: 15 months
- Target return*: 8.25%
Project vision
Having already financed a similar project with this developer, this project is to build two six-room co-living rooming houses in Melbourne’s Glenroy suburb. It has two stages — land acquisition (already completed) and construction. Completion of the project is set to be 15 months from settlement.
The project is situated in Glenroy, VIC, 13km north of Melbourne’s CBD. Very close to amenities, train, and employment hubs, it’s designed to fill a demand in the growing ‘couples tenant’ market.
The development will be finished as ‘turn-key’, complete with fully furnished rooms including kitchenette and ensuite. As rooming houses, they also feature common kitchen and living areas, and an onsite laundry.
Project developer
Cheryl is a developer and social entrepreneur that endeavours to combine purpose and profit to deliver projects that make a difference. Having previously worked alongside buyers agents, property investors and other developers to help grow their business, Cheryl has also undertaken several property projects of her own in NSW and VIC, with her previous project in Glenroy also being funded by CrowdProperty.
Co-living arrangements are set to boom in Australia’s inner-city suburbs, bringing opportunities to both property investors and renters. Find out more in our article: Co-living developments on track to take off in Australia’s major cities.
This project is launching soon, register now to ensure you’re ready to invest in this project.
Auchenflower, QLD
- Project: Renovation + 5 residential apartments
- Loan amount: $760k
- Total loan facility: $3.5m
- Project term: 18 months
- Target return*: 8.25%
Project vision
This project is to build five apartments in Brisbane’s Auchenflower suburb. It has two stages — demolition and construction. Completion of the project is set to be 18 months from settlement.
The project is situated in Auchenflower, QLD, 3km west of Brisbane’s CBD. Very close to amenities, train, and employment hubs, Auchenflower is one of Brisbane’s most popular suburbs for many reasons. Situated only 3 train stations away from the CBD, it’s also close enough to Brisbane’s second CBD, Toowong, and St Lucia’s University of Queensland. Boutique shopping is unavoidable in neighbouring Paddington and the closest grocery stores are located at the trendy Roma Street entertainment development.
Project developer
Developer Michelle Cao, of Mii&Co, is focused on delivering timeless pieces to function flawlessly within people’s lives. Having been a property developer for over 10 years, she is driven to provide environmentally sustainable, smart design solutions, with most of their homes featuring solar panels, innovative insulation systems, high quality fittings and high energy-rating appliances.
This project is launching soon, register now to ensure you’re ready to invest in this project.
George Town, TAS
- Project: 4 townhouses
- Loan amount: $140k
- Total loan facility: $780k
- Project term: 15 months
- Target return*: 8.25%
Project vision
We’ve been talking about this project for a while, but it’s had a minor hold up with some approvals from Tasmania water. We’re literally in the ‘any day now’ phase and we’re excited to fund this project and work with the developer — George Town is an exciting development market!
This project is to construct four townhouses in the Tasmanian suburb of George Town. Completion of the project is set to be 15 months from first drawdown.
Situated on the coast 30 minutes north of Launceston, and close to the beach (about 20 mins to Bell Bay), George Town has a number of attractive features. A diverse and high demand market, this area appeals to couples and families of all ages. This suburb contains several quality schools, as well as day care and child care centres, and has seen a significant increase in interest from young families looking to move into the area. Further growth is expected in George Town, which is slated for significant investment in the renewable energy sector.
Project developer
Developer Michael Ta has been heavily involved in property and construction for more than two decades. Michael currently owns and operates his own construction company, as he has done for over 20 years. He has an extensive understanding of both the Melbourne and Tasmania property markets, having completed projects as large as 25 townhouses previously.
Is George Town a green energy boom town? Find out more in our article: Boom town? An introduction to George Town, Tasmania.
This project is launching soon, register now to ensure you’re ready to invest in this project.
