Many investors are lured by the attraction of becoming a property developer. Moving from renovating properties one at a time, developing a single property or adding an extension to acquiring a site, going through planning and approvals and then developing is a huge leap. Here we talk to experienced developers to help understand exactly what is involved and what obstacles are likely to happen.
Despite an unprecedented recent spate of natural disasters, nearly half of Australia’s homebuyers are still failing to do complete due diligence when buying a property. GlobalX CEO Peter Maloney said that while checks such as building and pest inspections were non-negotiables, due diligence should not stop there. We list the others that should not be ignored. Continue reading The searches most buyers don’t do
In 1988 the Australian Bureau of Statistics (ABS) projected a population of 25 million by 2050. Australia reached that estimate 30 years earlier. The ABS now projects a population of 30 million by 2030. Mike Day says that, at this growth rate, Australia will need to build a new city the size of Darwin every 3 months for the next 40 years. Continue reading Building boom needed
It is easy to make a property cashflow positive – simply make sure the costs are less than the income. We gave Simon Pressley the mission to uncover suburbs where you are more likely to find a property that will enable you to do that. We name them. Continue reading Finding the cashflow positive suburbs
Highlights from this week: Finding the cashflow positive suburbs Building boom needed The searches most buyers don’t do An app to keep the banks at bay Apartment rental snag Continue reading Cashflow positive suburbs, a new Darwin every 3 months plus the property checks we ignore
Kevin gives his tips on renovating and details about apps and planners you can access – some free – to make sure your project stays on time and on budget. Continue reading Apps and tips to keep your reno on budget
We tell you how you can add at least 10% to the final sale price of your renovation and the cost will be a fraction of the gain. Property staging professional Amy Masci has that story. Continue reading The icing on the cake
Nothing beats experience but the experience you learn from your mistakes can be costly. We talk to seasoned expert renovator Naomi Findlay about overcapitalising and what gets the best return. Continue reading A professional reality check
Don’t be fooled by thinking that just because a property looks good and would be a good renovation project that there is a pot of gold in the project. Building Inspector Andrew Mackie-Smith gives some insiders tips. Continue reading Beauty is skin deep
You make money from a property when you buy not when you sell. It is about more than location. Simon Pressley has some advice that will help you make the right decision at the start. Continue reading What and where to buy
Highlights from this week: What and where to buy Beauty is skin deep A professional reality check The icing on the cake Apps and tips to keep your reno on budget Continue reading Apps and tips to keep your reno on budget and Property beauty is skin deep plus Renovation icing
