The team quickly identified the beach-front site had a limited market value and was going to require significant capital to reposition the asset for sale or to rent. After entering an agreement with Development Exchange, a market assessment was done to establish the type of property that was complimentary to the surrounding dwellings and would ultimately, fetch a lucrative return.

While the client focused on taking care of his mother and successfully transitioning her into her new living arrangements within a nursing home, Development Exchange took care of the redevelopment and managed every aspect of the project. Working proactively with the local council to secure the Development Application (DA) in-excess of the local area development standards, Development Exchange successfully created a significant upside for the client. Also during this time pre-construction, the existing house was leased - ensuring a steady flow of income for the client.

Also tasked with managing the sale of the property, and attracting the right buyers with a competitive price guide, the end result achieving a 30% increase in property value for the client.