EP16: How I Bought 10 Acres of Industrial Land With a $1,000 Deposit

What if you could secure 10 acres of industrial land with almost no money down and no bank finance at all? In this episode of The Andrew Wright Property Podcast, Andrew breaks down a creative property deal in regional Queensland where he secured 10.3 acres of land in Longreach with just a $1,000 deposit, using vendor finance and a strategic joint venture structure with his two children. The purchase price was $285,000, but the structure is what makes this deal interesting. With banks unwilling to lend on vacant regional land with no income, Andrew negotiated seller finance at 5% interest, allowing the deal to move forward without traditional lending. From there, the strategy becomes a value-add play: applying for development approval to convert the site’s Industrial Investigation zoning into usable industrial land. In this episode we unpack: • How the $1,000 deposit vendor finance structure was negotiated • Why banks wouldn’t finance the property and how to work around it • The strategy behind using a unit trust joint venture with family members • Preserving first home buyer eligibility while investing in commercial property • Why the land’s Industrial Investigation zoning creates future upside • The potential development strategies, including truck parking depots, industrial outdoor storage, and staged land subdivision • Managing environmental registers, highway access requirements, and state government approvals • Why difficult properties often present the best opportunities for investors willing to solve problems Andrew also shares the bigger mindset lesson behind the deal: sometimes the best opportunities appear when traditional finance disappears. When banks say no, creative structuring, vendor finance, and partnerships can unlock deals most investors never even consider. This episode is a practical look at creative property finance, development strategy, and long-term value creation through industrial land. 🔗 Learn more and connect with Andrew: https://andrewwrightproperty.com.au/