What if you could control a multimillion-dollar development site without having to buy it upfront?

In Part 1 of the Property Options Masterclass, Andrew Wright sits down with Paul Vamvakaris, a former builder and law graduate turned property professional, to explain how property option contracts can help investors secure development sites, add value and potentially profit before settlement.

Paul currently has 11 properties under option, including sites worth $10–20 million. He also shares how he made approximately $1.6 million on a property transaction without ever settling on the land.

In this episode:

• How put and call option contracts work in property
• The difference between call-only and put-and-call options
• How to control development sites without buying them upfront
• Using town planning and development approvals to increase land value
• How nomination and assignment can create an exit before settlement
• Negotiating option fees, deposits and extension clauses
• The costly contract mistake Paul made—and what he learned from it

Andrew also shares how he's started applying these strategies to his own property deals, including a $2 million site with a proposed two-year option period.

Whether you're an experienced developer or a property investor looking to scale, this episode explains the mechanics, opportunities and risks of using property options in Australia.

Subscribe to The Andrew Wright Property Podcast for Part 2, where Andrew and Paul plan to break down real property deals using option contracts.

https://www.andrewwrightproperty.com.au/

Learn more about Paul's property development projects and opportunities through Flagstone Property Group.

https://flagstonepropertygroup.com.au/about

General information only. Property option agreements involve legal, financial and development risks. Seek qualified professional advice before entering into a transaction.