Description

As older apartment buildings across Melbourne's middle ring continue to age, we're seeing more cases where the underlying land value has started to exceed the value of the building itself. That's creating opportunities – but also complexity – for owners considering a group sale to a developer.

It's a very different process from selling a single property, with far more moving parts and far more potential for things to go wrong.

In this episode, Jarrod walks through the key considerations owners need to work through before embarking on the process.

• How to determine whether the land value genuinely justifies a developer sale
• Why owner motivations – from investors to long-term occupiers – shape the entire process
• The unanimity requirement in Victoria and how one holdout can stop everything
• Setting a minimum price and getting independent advice to hold the group together

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