It happens every year. The TV show “The Block” inspires a new wave of investors keen to get involved in renovating and “flipping’ properties. Just to make things clear “flipping” is where you purchase a property and then sell it within a short period of time for a higher price, usually having added value through…
Are you considering building your dream home in Australia? You’re not alone – but brace yourself. In recent years, the cost of building has skyrocketed. So too has the time it takes to get a home out of the ground and move-in ready. Why? A perfect storm of labour shortages, soaring material costs, global supply…
What if I told you the single biggest threat—or opportunity—for your wealth creation journey could be something you never saw coming? In the early 1980s—long before there was a TV show by the same name—economist Dr. Don Stammer taught me to always watch out for the “X Factor.” These are the wild cards of the…
Making a profit in renovating a property seems like a very attractive proposition. Buy low, renovate cheap, and add substantial value is the aim of the game. It sounds simple enough, right? While there is always a strong demand for renovated properties – as there are always people wanting to move into a property that…
Australia’s housing crisis has reached a tipping point. Demand continues to outstrip supply, affordability has fallen off a cliff, and the dream of home ownership is slipping away for many everyday Australians. For years we’ve talked about building more homes, but the real question is where, how, and what kind? Now the Housing Industry Association…
The simple answer is NO, not in the way you’re expecting. Many of the upfront costs are considered what we call a ‘capital cost’. These include stamp duty, conveyancing costs and building and pest inspections. You cannot claim these costs as a tax deduction in the year they were incurred. Instead, they get added to your…
Every property investment carries its share of risks, but few are as potentially devastating as unnoticed structural problems. These hidden foes can lurk in the bones of even the most promising properties, silently chipping away at your investment’s worth and safety. So let’s look at the top 10 structural concerns that every savvy investor needs…
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…
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,…
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…
