In this article, I’ll explain the role of the Architect and how to work with them on your development project. Astute investors and property developers know that in order to be successful they can’t do it all on their own. They surround themselves with qualified and experienced professionals who can provide invaluable support and assistance…
The Vacant Residential Land Tax (VRLT) in Victoria has been a topic of much discussion, especially among property investors and homeowners who may be affected by this tax. Originally, this tax applied only to residential land in the inner and middle suburbs of Melbourne, but recent legislation has expanded its scope to include all of…
In this article, I’ll explain the role of a town planning consultant and what you need to be asking yourself. Town planning consultants are professionals with qualifications in town planning or urban planning. Those in private practice have usually been employed by local councils or planning organisations for a number of years, meaning they know…
In the following article, I’ll explain how you might tackle the hurdles and requirements to get your development underway. One of the biggest hurdles faced by any property developer – whether a seasoned veteran or a green beginner – is the bureaucratic maze known as the planning permit or development approval process. Oftentimes, those dipping…
In this article, I talk us through the feasibility of a development project and whether or not to pursue it. Undertaking a property development requires many months of preparation before you actually get to see your hard labour bear any fruit. As we’ve already covered in previous articles in this series, there’s the groundwork of obtaining finance, sourcing…
A court expert recently warned that the resource-poor construction industry is being forced into a boom, risking defects in 10-20 years We know that the Federal Government wants 1.2 million homes built in the next five years, and most states and territories are each ambitiously driving the construction of tens of thousands of new dwellings…
In this article, I talk us through the risks involved in property development so you know how to manage them. Many investors approach property development with rose-coloured glasses, but in order to minimise your risks and maximise your chances of turning a good profit (remember you want at least 15 per cent on the development…
Whether it is an office, shop, warehouse, or even a factory, some investors are attracted to commercial property for portfolio diversification or for positive cash flow. But the thing is, successful commercial property investment is a different niche. It requires an understanding of complex market factors, unique financing requirements, property management options, leasing arrangements, and…
In this series article, I talk us through managing the risks associated with property development to increase the chances of success. I’ve found that once many property investors who’ve collected a few properties in their portfolio become keen to “dabble” in property development. They see this as the next phase in their career and determine…
In this continuing series of articles, I’ll take readers on a step-by-step journey through the property development process. Once you understand the importance of securing a development site in the right location and you have the big picture firmly in mind, including your target market, it’s time to move from theory to practice. Finding the…
