The PROPERTY DOCTORS, Sydney Australia Novak Properties

EP. 1341 “Secure your Warriewood beach block—build, profit, and live like a pro!”

• Mark Novak, Josh Wapshott and guests • Season 28 • Episode 1341

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Unlock the secrets to affordable luxury living on the Northern Beaches as we, Josh Wapshott and my co-host Mark Novak, reveal an exceptional land development opportunity at Warriewood's Raven Circuit. Ever wondered how you could own a spacious four-bedroom home for under $2 million in a coveted location? Partnering with Merriton and J.G. Gardner, we've paved the way for investors and families to explore customisable building options on 23 perfectly sized lots, starting at just $1.2 million. Get ready to discover how these investments stand out amidst the local market, especially when compared to jaw-dropping recent sales like a $2.56 million property in Boobalow.

But that's not all—our journey continues as we spotlight Worrywood Beach, a rising star in the real estate world. This vibrant area is drawing in a wave of first-time unit buyers and new residents, offering savvy investors a strategic edge. By tuning in, you'll grasp the financial benefits of jumping into this dynamic market and how these opportunities can outshine traditional savings methods. We encourage you to embrace the potential of building wealth through smart real estate investments in flourishing areas like Worrywood Beach, and see firsthand the immense profitability that awaits.

Speaker 1:

Guys and girls, sometimes you look at stuff and it's too good to be true. Looking at land, looking at building on blocks of land. Talking about the northern beaches, we're going to show you an opportunity where we've sold some blocks of land and some people have made some great money. Stay tuned, I'm the ringleader, so watch it out. Josh Rapshot.

Speaker 2:

Mark Novak, good morning man of the Bush Today I am. Today I am down. Mark Novak, good morning man of the bush. Today I am.

Speaker 1:

Today I am down live in Worrywood Raven Circuit, mark Wa-wa-wee-wa-wa-wa.

Speaker 2:

What have you got there? Well, here I've got 23 lots broken up individually over at Raven Circuit. We had an opportunity come up over here with our good friends at Merriton, the Kalani Project, worrywood, so we had a range of lots throughout the project here, probably ranging around 250 to 360 metres squared in size, and what I can say is this was a fantastic opportunity for the buyers in our database and we thought, since there was one left, we would do another Jubilee type show this morning, just to show the viewers, before the chances to miss out are missed.

Speaker 1:

So, basically, I guess who's the target market for someone to buy a block of land, who are the types of people you've been selling these blocks to?

Speaker 2:

So types of people I've been selling these blocks to are investors, and also we find a lot of the families that are growing up in DY. You know they're looking for that extra space and this is that little pocket in the market that is affordable but yet allows them to get that extra space in terms of a four-bedroom home. So what we've done here is we've actually, while selling the land, we've got the guys at JG and Gardner and they've put together a couple of styles of builds that would be eligible for the land, so it's been able to give buyers a really good idea of what they can do with the land, what they can put in there.

Speaker 2:

And then we've got some really really interesting comparables um in the market to show if you bought in you did really well and can you show us a typical house, because I think someone's already built there.

Speaker 1:

Yeah, correct, yes, oh, look at, look at that, I know.

Speaker 2:

so these have just been completed, mark we just had the driveways completed on these. But you know, you look at the block and you think you know the first thing a lot of people have said oh it's, you know on the smaller side, but look what you're able to do with these blocks, I mean.

Speaker 1:

That's the first thing people say, like oh no, block's too small, because the block box like 350, 250 meter square blocks. But that's a fair, that's a good size house. You can get on a block of that size oh, tell me about it.

Speaker 2:

I mean, if you you think about you know, some of the your two bettors within dy are going for that 1.6 um that's right, I think it's for those.

Speaker 2:

So you know, you think about it. You're not too far away from that. You've got a freestanding home and you've got a four-bedroom house. I couldn't believe the offers we've got here or the opportunity we had here, so we jumped right on. So we sold together March 14. We've got under contract 15, hopefully have that exchange by today, and then we've got the biggest lot that was available at the time, lot 22, which was a fantastic result if that all comes to fruition. So I mean people are realising the value here.

Speaker 1:

And let's do some numbers for everyone watching. So how much is the land?

Speaker 2:

So the land basically depending on the size. We've had one start around.

Speaker 1:

You can't use the word depends I, when a salesperson use the words depend, it depends. So just tell me the numbers, I'll work out the depends. Yeah, it does.

Speaker 2:

So yeah, look, one of our blocks, we sold for 1.2. One of the blocks we sold for 1.3. And then our final block was just on running along the first and we sold for 1.3, and then our final block was just on running along with first and we sold for 1.53.

Speaker 1:

Okay, so can we just make it look really good and use the lowest number? Let's use the 1.2. What are you going to build for?

Speaker 2:

It depends what are you going to build for? It depends well. So, um, for this, for that particular lot, my customer actually did decide to go with jg and gardener and the fantastic thing they did for him is they actually did a customization on his build. So, um, you know, he got to play around with it a little bit. So it's been really great dealing with james and the team over there. They've been very helpful um and very responsive.

Speaker 2:

So, um, what they've elected to do, you're looking at that sort of depending on your fixtures, fixtures and finishes.

Speaker 2:

You're looking at that circa six to seven hundred for your four bedroom house build yeah, wow so if we take it take for example, that lot that we sold for that circle 1.2, he's going to be entering the market in Worrywood in a four-bedroom house for 1.8, 1.9, worst-case scenario costs. And if we look at the most recent sale, I think it was about a week, two weeks ago Mark down in Boobalow four-bedroom house looked slightly bigger block but it sold for 2.56 million, no pool, nothing extra. So I mean look a couple of 50 square metre backyards worth 500,000,. You tell me, mark, so fantastic buy down here.

Speaker 1:

Yeah, that is just huge. I'm going to see if I can bring up that. What did you call Stephen's surname? Bubla Bubla. So that was what was built around the corner. And this one got you know, like good little floor plan, cool little floor plan. So this little puppy, this puppy here, just sold for 2.5. So you're buying the land with these guys bought at $1.2. They're building for $6.7. They're at $1.9. Stuff selling in the area for $2.5. What $2.56. $2.56? Yep, by the time you build, how long is it going to take to build?

Speaker 2:

Yeah, look, james has said to to the purchaser. You know, anywhere between 10 12 months they don't suspect any delays or they anticipate quite a quick build. These, these lots of lands were leveled out, all services put in, um meritan did all the developmental controls on the blocks of land. So I mean that's why we really pushed these to investors, because we thought, hey, this is a great opportunity to just walk into some equity 100%.

Speaker 1:

So that's buying land on the northern beaches, guys, If you do get the opportunity to get a block of land it's very rare on the northern beaches which is nice for capital growth, because I always say supply is the enemy of capital growth. Capital growth is when the value of your property is going up. Supply is the enemy of capital growth. There's no supply of land on the northern beaches Very rare. We do have one more for sale. If you have any friends or family or yourself are interested, let us know. But, mate, thank you for taking us more for sale. If you have any friends or family or yourself are interested, let us know. Mate, thank you for taking us through this today. Anything else you want to say, James, Josh, on this?

Speaker 2:

No, all I would definitely say is just we have garnered a lot of interest in this project and pushed it quite hard. So if anyone's interested or thinking about it, don't sit and wait because it'll be gone by next week. So feel free to pop in any questions or give us a ring at Novak, mark or Josh, happy to assist, and if you'd like to come down and have a look, we're very flexible, so 24-7, I operate. So if you want me to bring you down here at 7 pm or 6 am before work, not a problem.

Speaker 1:

You will. And Josh, a big one here and this is for the strongest message I can give everyone here is this is pushing paper around a table. You're not lifting a brick, you're not cracking the sweat in the rain. This is pushing paper around a table. So if you're a property owner already, it's probably more likely that you're going to be doing something like this. But it's that approach where you get a loan, you talk to a builder, you're just pushing paper around. You talk to a builder, you're just pushing paper around a table to make money and you will. But you're just pushing paper around loan documents, building documents, council documents, whatever that is. You're just pushing paper around and you're making.

Speaker 1:

Like the 30 that we sold around the corner in Bublow Street, bubow street, um, the 30 that we sold there. Everyone made and everyone made an absolute fortune out of each one that they did and it really was pushing paper around a table. Um, and you know also, the art of financing was very important here. Merriton were doing loans at 3.65 percent, um, so you gotta, you gotta. Guys, I know it's stressful and I know you think, oh, this is a bit out of my realm, but it's really an exercise that I've never seen people not make money from.

Speaker 2:

And you've always got to take some risks to get some rewards. So you know what I mean. Yeah, making that, that step, that's what. In the end, when you your build's complete, you get a valuation on your home and you go off. I've. It's almost like I've had another worker at the back making me money each year because yeah, that's right.

Speaker 2:

You know you've got a growth rate of 10 in worrywood and it's only a. You know a bigger area where people are coming to because we find a lot of our unit unit buyers and and residents. This is their first stop, um. So, to get involved in this area and be able to hold a house like that as an investment, with all that incoming buyers, you can't go wrong josh, you're never going to be able to earn and save that amount of coin in a year or two.

Speaker 1:

Seriously, you know to earn and save. It's good bankable money. Thank you very much, guys. Hope you enjoyed the episode today, which was secure your Worrywood beach block, build profit and live like a pro.

Speaker 2:

See you guys, thanks man. See ya block, build profit and live like a pro. See you guys, thanks man.