The projects that IRED will undertake will be dependent on a number of key factors which include current and market demand, location, timing of delivery to market, financing, pre-committed sales or leases etc. ensuring its viability. Types or asset class of projects that IRED envisage undertaking include:
Short stay: This includes hotels and service apartments. Native title land occupies some of the most attractive tourist zones in Australia. By providing the required accommodation will enhance tourist related employment opportunities;
Health and aged care: The Australian Government is providing sizeable capital towards Indigenous Health and similarly with Aged Care. Buildings in this sector is in great demand.
Retail: With the introduction of smaller food outlets such as IGA and Aldi, it has now become viable to introduce these outlets in regional areas.
In order to ensure that Indigenous communities gain employment and training in the construction sector, IRED is starting a construction division. Whilst this is not being its core business, it will (depending on the scale of the project) undertake a role as a Construction Manager. Under this system, IRED will employ both quantity surveyors/estimators and construction managers to ensure that the prices provided by building contractors and subcontractors are in line with current pricing structures and that a percentage of the works are undertaken by Indigenous tradesmen.