Housing Victoria Developer Deal
1) Housing Victoria Developer The opportunity is via a Victorian developer/real estate agent who has been in the industry over 40 years. He has built a relationship with Housing Victoria (HV) over the last few years. They require as many houses built as can be found for affordable housing. The developer is currently waiting on approval for 7 sites. The attached document (Beckley Court Projections -Xcel) shows the standard deal structure subject to the land price that can be acquired. HV enter into an agreement to purchase the property at a fixed purchase price prior to contract being entered to. They pay a 10% deposit and the balance on settlement. Each build /deal is around 12 months from purchase to settlement. Investment Amount: $430K-$550K depending on the property. Investor Return: 17% plus profit share. Key Advantages: Locked in purchase price with HV before project begins.