Project Gawain
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Project Gawain transformed a deceased estate on a 607m² block — previously generating $600 per week from a single occupant — into a fully tenanted, high-yield co-living asset delivering $234,000 in annual rental income.
The acquisition strategy leveraged a delayed settlement to secure development approval before taking ownership. Demolition commenced the day after settlement, eliminating holding costs and compressing the timeline to first income.
The scope included a 1-into-2 subdivision and construction of two high-set co-living dwellings, each containing five micro-apartments — 10 tenancies in total. Located 15 kilometres from the Brisbane CBD and adjacent to Bracken Ridge TAFE, the project targets young professionals and key workers in one of Brisbane’s most employment-active northern corridors. Full lease-up was achieved in just three weeks — one of the fastest in Dominion’s portfolio.
SMART LIVING:
Every apartment is fitted with a coded smart lock, providing keyless, secure access for tenants and frictionless management for operators.
ALL-INCLUSIVE RENT:
One weekly payment covers electricity, internet, and water. Rooftop solar reduces energy costs and supports the all-inclusive model across both dwellings — protecting yield and simplifying the tenant experience.
FURNISHED PREMIUM:
Each apartment is delivered with a premium furniture package — ready to occupy from day one. A high-quality fit-out drives tenant appeal, retention, and the rental premium the asset commands.
FAST-TRACKED APPROVAL:
A delayed settlement strategy allowed development approval to be secured prior to taking ownership. Demolition began the day after settlement — eliminating holding costs and compressing time to first income. This is a repeatable acquisition strategy now embedded in the Dominion playbook.
PROJECT TEAM
Town Planners, Architects, Builders, Civil Engineers, Private Lender
TIMELINE
Completed February 2025
SUSTAINABILITY FEATURES
Rooftop solar across both dwellings, smart lock access, all-inclusive utilities.
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