Mordant Street, Ascot

A smart mix of restoration and new build in a blue-chip suburb.

Strategic. Balanced. Outcome-driven.

With development approval already secured, this Ascot site presented a clear path to progress. The plan: reposition and renovate two existing homes and construct four new townhouses to the rear — delivering a seven-home precinct that combined heritage charm with modern convenience. We engaged our trusted team to fast-track the project through building approval and manage a smooth construction phase from start to finish.

Benefits

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Approved & Ready to Go:
Acquiring a site with DA in place meant we could move quickly through to the build phase — allowing for early mobilisation and momentum.
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Efficient Delivery:
The build progressed smoothly, with minimal delays, thanks to strong planning, reliable trades, and experienced consultants.
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Diverse Offering:
The seven homes — each with 3 bedrooms, 2.5 bathrooms, and 2 car spaces — appealed to a wide range of buyers. Three townhouses also included private Plungie pools, adding lifestyle value and premium appeal.
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Investor Outcomes:
Despite late-stage sales challenges, the project concluded successfully with all investors receiving their capital and returns. The majority have since chosen to reinvest in future RSD projects — a strong endorsement of our strategy and execution.

Challenges

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Neighbouring Site Impact:
A nearby development across the street fell into liquidation and remained visibly incomplete during our sales campaign. This created buyer hesitation and negatively impacted street perception — despite our project being fully completed and of high quality.
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Perception vs. Value:
While the surrounding amenity was strong, including proximity to schools, cafes, and transport, some prospective buyers were deterred by aircraft noise — a common issue in inner-north Brisbane that required careful handling during inspections and marketing.

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If you can see yourself as a potential investor in this project or similar and would like to know how you can become an investor with RSD, click below to learn how.

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The Outcome / Return on Investment

  • External Factors Matter:
    Even with a well-executed build, nearby conditions can affect sales sentiment. Proactive communication, both in-market and during buyer engagement, is essential to reinforce the value of quality, completed product.
  • Educating the Buyer Pays Off:
    Where others saw risk, we saw long-term upside — a message we had to work harder to convey. Reframing local development activity as future growth helped support buyer confidence.
  • Proven Process Builds Loyalty:
    By maintaining open communication and delivering consistent updates, we once again saw strong reinvestment from our investor group — reinforcing the strength of our model and relationships.
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Learn more about this amazing opportunity

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