Northern Rivers Residential
Northern Rivers
NSW, Australia
The Northern Rivers region of New South Wales presents a highly attractive environment for property development and investment. Characterised by its natural beauty, strong tourism, and lifestyle appeal, the region continues to experience consistent population growth and limited new housing supply.
Although market pricing has been variable in recent years, current commentary suggests that the property cycle is at or near a low point, with recovery expected over the next 12–24 months. With a lack of comparable new housing product currently available, newly constructed townhouses are anticipated to be in strong demand from both owner-occupiers and investors, positioning this project favourably for sales success upon completion.
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Timeframe
Settlement Period: 6 months (to achieve Construction Certificate)
Construction Period: Approx. 12–15 months from settlement
Exit Strategy: Sale of completed product or refinance to hold; structured exit plan to be formalised with the investor group.
Note: No extended sell-down period has been factored into feasibility, reflecting confidence in sales velocity.
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The site has an approved Development Application (DA).
A Construction Certificate (CC) must be applied for and achieved during the six-month settlement period.
While the absence of a CC presents a degree of cost estimation risk, it also provides the developer with enhanced flexibility to finalise construction specifications and manage buildability, costs, and quality.
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This is a flexible investment opportunity, available either as a stand-alone investment or as part of a broader diversified property portfolio.
Minimum Investment Requirement: $250,000 AUD
Urban Land Redevelopment is seeking finance partners to participate in the delivery of the project through to completion.
The Opportunity
This rare, DA-approved infill opportunity offers approval for the development of:
3 x two-bedroom townhouses
5 x three-bedroom townhouses
Positioned close to major shopping centers, community amenities, and essential services, the site’s location significantly enhances its residential appeal.
A Development Application (DA) has already been secured. However, a Construction Certificate (CC) will need to be lodged and obtained within the six-month settlement period.
Although the absence of a current CC introduces some cost estimation risk, it also provides the incoming developer with greater flexibility to refine construction specifications, optimise buildability, control costs, and ensure quality outcomes. The Northern Rivers region continues to experience strong rental yields, presenting an opportunity to refinance and hold the townhouses as high-performing rental assets. Additionally, early investment participation may allow investors to structure ownership in a way that avoids the extra stamp duty usually incurred with post-completion acquisitions.
Development Schedule
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A DA-approved in-fill development opportunity to deliver eight new townhouses — comprising three two-bedroom townhouses and five three-bedroom townhouses — located near services, amenities, and a major shopping centre.
The site benefits from its close proximity to major shopping, community amenities, and essential services, further enhancing the residential appeal.
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Approx. 60% return on equity within two years (subject to execution and market conditions). Expected Project Return (Before Finance Costs) are approx. $1,500,000 AUD
Approx. 20% project margin (before placement fees and profit share).
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Total Development Cost (Including Finance Allowance and Land Purchase): Approx. $6,500,000 AUD
Land Purchase Price: Approx. $1,850,000 AUD
Gross Realised Value (GRV): Approx. $8,275,000 AUD
Expected Project Return (Before Finance Costs): Approx. $1,500,000 AUD
Approx. 20% project margin (before placement fees and profit share).
Total Project Timeframe:
Approx. 18 months — 12 months from settlement.
Seeking finance partners with access to $1,500,000 AUD in equity.
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Land Purchase Price: $2,000,000 AUD
Construction Loan: 65% LVR on GRV (ex GST) at 8.8% p.a. interest and 1% application fee
Build Cost (including GST): Approx. $3,500,000 AUD
Contingency: Approx. $180,000 AUD
Development Management Fee: 2.2% of GRV (incl. GST)
Sales Pricing Assumptions:
2-bedroom townhouses: $925,000 AUD each
3-bedroom townhouses: $1,100,000 AUD each
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Potential exists to explore future LEP changes that may permit increased building height, but this is not recommended at this stage.
This investment opportunity is highly flexible — options include lending, co-investment, equity participation, or joint venture.
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Northern Rivers NSW: Map Overview
