In this third instalment of the Property Development Series, I’ll walk you through the professionals you need on your side throughout your property development project. The property development process has become more complicated over the last few years due to the increased influence of the state government, local councils and various interest groups in the…
Have you ever considered getting involved in property development? With the good old boom days of the Australian property market well and truly over, many investors are considering how they can become more actively involved in growing the value of their property portfolio. They realise that simply sitting back and waiting for their equity to…
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 of…
When it comes to renovating, the majority of home renovation projects are an investment that can add both value and appeal to your property. But there can be a big difference between renovating your own home for aesthetic appeal and to suit your own personal taste, versus renovating an investment property with the goal of…
Have you considered getting involved in property renovations? Making a tidy profit renovating a property seems like a very attractive proposition, doesn’t it? And that’s why more real estate investors are turning their aim to renovations. You know… buying low, renovating cheaply and adding substantial value is the aim of the game. It sounds simple…
Building a new home in Victoria just got a whole lot more expensive. Earlier this month, the cost of building a new home jumped by about $25,000 overnight. This spike followed a 35% surge in new home sales across the state in April. Buyers were rushing to beat the new minimum standards under the National…
Are you interested in property development? While many properties make good homes, fewer are “investment grade” properties and even fewer are potentially profitable development sites. In a recent blog, I outlined why I choose the suburbs where I undertake developments very carefully. Now it’s time to find the “right” property in that suburb – one that could…
Australia’s acute shortage of skilled trades is beginning to ease, thanks to a slowdown in new home construction. The Housing Industry Association (HIA) Trades Availability Index registered -0.58 in the first quarter of 2024, improving from -0.64 at the end of 2023. This welcome change marks the least severe shortage of skilled trades in nearly…
The Housing Industry Association (HIA), has highlighted a significant challenge in meeting the Australian Government’s ambitious goal to construct 1.2 million homes over the next five years. According to HIA’s latest Economic and Industry Outlook report, the rate of apartment construction needs to double from current levels. However, capacity constraints are expected to keep apartment…
The housing sector in New South Wales is facing a significant downturn, with apartment constructions plummeting since the introduction of additional taxes in 2017. Tim Reardon, the Chief Economist at the Housing Industry Association, highlights a stark 50% drop in unit commencements compared to previous years. “We’re witnessing apartment starts in NSW revert to levels…
