[Podcast] Is getting started in property development right for you with Bryce Yardney

Have you ever thought of getting involved in property development?

That’s what I’m going to talk about today with Bryce Yardney, director of Metropole Projects.

We’re seeing more and more people interested in property development because, in times of flatter capital growth, you’re looking to manufacture capital growth.

Today we’re going to talk about some of the risks involved in property development.My Podcast #202 The Risks Of Property Development

Property development involves a wide range of activities and processes and in order to be successful, you’ll need to know about the market, the property, economics, finance, town planning, construction, and even marketing.

It’s difficult, but if you have a good team around you and you have the finance to do it, property development is a great way to build your assets and buy your next investment at wholesale.

Hopefully, today’s show will give you some insight into whether property development is for you, now or sometime in the future.

Some of the common risks of property development that we discuss:

  • Mistaking precedent for permission: The rules can change. Just because somebody else did it doesn’t mean that you’ll be able to do it.
  • Not understanding what “subject to council approval” means: “Subject to council approval” is like the word “but”. Anything that comes before it is meaningless. You need to understand the council you’re getting into and understand something about town planning – or at least have someone on your team who does.Property Development
  • Not being cautious about competitive developments
  • Delivering the wrong product to the market: Remember, it’s not about what you would want. You need to understand what the market really wants
  • Not anticipating bank hurdles: The banks are currently more difficult than They’re afraid of what’s going on and more conservative than usual. Borrowing is not impossible, but you need to be prepared for a number of hurdles.
  • Not understanding what goes into choosing a builder: There are three big factors that go into choosing a builder. These are quality, time, and dollars. Don’t get so hung up on dollars that you sacrifice the quality.
  • Not having enough money for upfront costs: Banks don’t lend for soft costs, like stamp duty, interests, consulting costs, etc, so you need to allow for enough money upfront to handle these expenses, that can run into the tens of thousands.
  • Underestimating the power of the council
  • Not employing a project manager
  • Not know what you don’t know: That’s why you need somebody around you to help you – someone who will know the things that you don’t know.

Links and Resources:

Interested in getting started in property development? Find out more here
Bryce Yardney – Director Metropole Projects

Metropole’s Strategic Property Plan – to help both beginning and experienced investors

Some of our favourite quotes from the show:

“In my mind, one of the biggest risks in development is actually the developer: you, the person listening to this.” – Michael Yardney

“Once you get it and it works, and you’re manufacturing equity and you’re getting good cash flow, it actually can almost be a self-perpetuating machine.” – Michael Yardney

“Enjoy the journey, because if you don’t enjoy the journey, you’re not going to appreciate the destination when you get there.” – Michael Yardney


Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes – it’s your way of passing the message forward to others and saying thank you to me. Here’s how


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Michael Yardney


Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au

'[Podcast] Is getting started in property development right for you with Bryce Yardney' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts