Investors Prime
What sets Investors Prime Real Estate apart from all other main stream real estate agencies is our property screening and selection process, which sits at the core of our company’s value system, developed by its founder Konrad Bobilak. In fact, there are few, if any, organisations that go to the same lengths as we do, in assessing potential development opportunities. We are extremely selective in what type of projects we will ultimately recommend and short list for our clients. Our unique property due-diligence criteria literally eliminates up to 95% of all properties available in the market place. This, in turn, gives our clients a competitive advantage over all other property investors, in terms of the quality of properties that they are able to access. Our stringent, 46 point due-diligence criteria consists of a detailed comprehensive analysis that focuses on all macro and micro aspects associated with each specific project or property. For each property, these include, but are not limited to: the historical capital growth of its location, the nature and type of property itself, the past developments, track record and reputation of the team behind the project – which takes into consideration the developer, builder, design team, architect etc. Here is a sample of the rigorous selection process that we use to evaluate the suitability of projects that we shortlist for our clients:
- The Macro factors (Big picture stuff) that we consider in a given project.
- The income demographic.
- The historical capital growth and future potential capital growth
- The proximity of the project to the CBD and surrounding lifestyle amenities.
- The availability of transport and freeway infrastructure in the area.
- The prestige of primary and secondary schooling in the area.
- The vacancy rate and rental demand.
- The volume of stock being offered in the area by other developers.
- The volume of stock coming onto the market in the area.
- The housing strategy of the council for the area.
The Micro factors (property specifics) that we consider when evaluating a property in a project;
- The cost per square meter compared to stock selling in the area.
- The size of the property, number of bedrooms and demand for that type of property in the area.
- The size and type of project, and its suitability for the area and demographics.
- The layout and configuration of the property (floorplan).
- The level and quality of fixtures and fittings throughout of the property.
- The builder’s and developer’s experience and track record
It’s no surprise that as a result of our uniquely stringent assessment process, very few projects and developers are shortlisted from the hundreds that are scrutinised and reviewed. This is by design. Our reputation and interests are on the line, along with yours, so we insist on being as sure as we can that the selected developments we make available are going to deliver.