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 and…
In this instalment of the Property Development Series, I’ll walk us through the role of the engineers and which ones you’ll need for your next project. Astute property investors and 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…
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…
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…
