At this time of year, we typically have friends and relatives gathered around at our place. And I am always interested in observing where our guests, and we spend, most of our time awake whilst at home. In short, the kitchen area and family/TV room get the lion’s share. This reminded me of a study…
New dwelling approvals – whilst up 6% on last year – remain lacklustre. Some 168,000 new dwellings were approved over the past twelve months, most of which (110,000 or 65% were detached houses) and 58,000 were attached dwellings. Nearly half (47%) of the new attached dwelling approvals were townhouses, followed by high-rise apartments, mid-rise stock…
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…
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…
A Building Certificate is a certificate issued by Council stating it will not make certain Orders or take certain action under the Environmental Planning & Assessment Act 1979 or the Local Government Act 1993. To Order or take proceedings for an Order to have the building (covered by the certificate) demolished, altered, added to or…
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…
