The cost of building a new house in Australia has surged over the past few years as supply and trade shortages continue to weigh on the market. And at the same time, the construction industry has seen a surge in insolvencies as rising labour costs, extreme weather, high material costs and shortages and global supply…
Politicians are raving about Transit-Oriented Developments (TODs) as the future of our cities—but in my mind, they are just another political pipe dream. Build higher-density housing, commercial spaces, and amenities around public transport hubs to encourage sustainable living, reduce car dependence, and create vibrant urban communities. Sounds good, doesn’t it? Recently Victorian Premier Jacinta Allen…
It’s no secret that Australia is struggling to meet the housing demand, but there’s a bigger underlying issue that many aren’t talking about: the extended time it takes to build a new home or apartment. It’s a slow-moving crisis, and data from the Master Builders Association highlights just how far behind we are in our…
With a trend towards private building certification and self-assessed development applications, I’m seeing a growing number of investors and developers cutting corners in the development process, based on the principle of ‘non-detection’. That’s because there’s now no council inspector involved in the process and it’s all handled by your professional, so there isn’t much chance…
In this continuing series of articles, I’ll take readers on a step-by-step journey through the property development process. Today Part 19 brings us to the final instalment as I walk you through what to do with your completed project and the next steps as a property developer. For those who do choose to sell, obviously,…
Are you looking to buy an investment property or a new home? If so, deciding whether to lodge a caveat with the Land Titles Office of the state in your land is located should be one of the key considerations. A caveat can protect you from adverse claims by third parties and assist secure title…
Finally, your development project is finished and ready to market. You’ve done it! You pulled together an A team, secured your construction finance, found a reliable builder, navigated the local council maze to obtain development approval and finally your project is nearing completion. While some developers undertake this sometimes frustrating and undeniably challenging process to gain…
In this continuing series of articles, I’ll take readers on a step-by-step journey through the property development process. You’ve selected your site, conducted your feasibility studies, gathered a team of professional industry experts to help you navigate the sometimes rocky road of property development, made your way through the council’s bureaucratic maze of red tape…
In his continuing series of articles, I’ll explain the role of a project manager and helps you decide whether or not it is the right choice for your development project. If you are a beginning property developer I would definitely suggest that you recruit a good development/project manager as a part of your team. Even…
I’ve found that many investors want to get into property development to grow their wealth faster by “manufacturing” capital growth and increasing their rental returns. While the property development process can be very rewarding, it is not without some pain and considerable risk. When all goes well, the results are fantastic, but if things go…
