In Australia today, how much can you expect to spend when building a house? Without sounding trite, the answer to this could be summed up with that frustrating yet often accurate phrase: how long is a piece of string? There are a number of different factors that can impact the cost of building a house,…
Articles by Bryce Yardney
Bryce is a property development specialist, having successfully sourced, project managed and completed hundreds of development projects for Metropole’s clients, helping them create substantial wealth.Visit Metropole.com.au
Property Development involves a wide range of activities and processes from purchasing land, building and developing high rise apartment buildings and everything in between. In order to be successful, you’ll need to educate yourself on property, the markets, economics, finance, town planning, the construction processes and the marketing of real estate projects. Sound like a lot…
The key to making money in property development, whatever the market does, is to carefully plan for a realistic rate of return and retain the flexibility to adapt to changing circumstances. When planning your development project, the bottom line should be the return on your investment. I target a 15 to 20 per cent return…
One of the skills of being a good negotiator is knowing when not to talk but to listen. I have found that many inexperienced negotiators are too eager to show off just what they know. This can work against them as they often reveal too much too soon, in particular about what they are willing…
Many property experts tout the line that you make money when you buy property, not when you sell. If this is true, then it’s important to ensure you’re not paying too much when you sign that contract of sale. Of course it’s more important to buy the right property than buy a secondary property at…
Property Development involves a wide range of activities and processes from purchasing land, building and developing high rise apartment buildings and everything in between. In order to be successful, you’ll need to educate yourself on property, the markets, economics, finance, town planning, the construction processes and the marketing of real estate projects. Sound like a lot…
I know that many property investors are a little intimidated by the thought of bidding for a property at auction. I can understand why auctions are an emotional and exciting event. Even after bidding at hundreds of auctions I must admit I still get that surge of adrenaline every time I bid. Then of course…
Generating instant equity from your property investment might seem a little bit like the finding the pot at the end of the rainbow. That is to say, it’s virtually impossible. Well for most inexperienced investors, this is true. You see…embracing a strategy to manufacture instant equity can be a risky move and many people…
Have you ever wondered how you get started in property development? I’ve recently noticed a trend in budding developers – they are looking for an overview of the property development process and they want it in a simple and accessible way. It’s probably in part because many of the property markets around Australia are flat…
Did you know there was a tax on vacant land in Victoria? The Victorian Government introduced this tax to help address the lack of housing supply in Victoria and applies to homes in inner and middle Melbourne that were vacant for more than six months in the preceding calendar year. And the six months do…
