Developing property can be risky and not for everyone, there are many things that can go wrong so it is important to really do your due diligence and understand the many facets involved.
 

I’ve compiled what I think are the top three things to do first when embarking on a property development.  Here is Tip No. 2.

You’ve found what you think is a brilliant development site.  Now it’s time to jump on that roller coaster and start the ride of your life as you commence the analysis process.  Will the project be feasible?  What is feasible anyway?

What exactly is a property developer?   I quite like this description found on Wikipedia;
 

“Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control and orchestrate the process of development from the beginning to end”
 

Did you know that women are two and half times more likely to live in poverty in their old age than men?   By 2019 on average, women will have half the amount of superannuation than men have?* and 40% of women over 50 will be single through choice, divorce or death of their partner.

I had a call this week from a chap who was weighing up whether he should develop property or just go out and buy some new properties.  I explained that buying existing property is like buying at full retail prices or perhaps at sale prices if you are lucky.

What a special day it was yesterday…a real contrast for me.
 

Subdivision is one of the many ways you can develop property.  It involves converting one piece of land or existing dwellings into several. Raw land subdivision entails legally and physically converting raw, undeveloped land into developed land so that one or more buildings – residential, commercial or industrial – can be constructed.  As you will be changing the lands usage and appearance for example perhaps from a rural rezoned paddock into a residential land subdivision, you’ll also be building the infrastructure required such as roads, paths, drainage systems, water, sewerage and perhaps even public utilities such as a park.