Property Development, Construction & Project Management
Overall, property development is inherently risky, with the high barriers to entry reflecting the cyclic and capital intensive nature of the sector and the typically slow payback period. This sees many risks evident throughout the property development process and needs for effective risk management strategies for successful property development. Pacific Rim Property Research conducted a …
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Well, stick around because, in this article, I will share everything you need to consider when choosing a suburb and ultimately a site. I’ll also share some of the suburbs, I believe make sense, and some suburbs I don’t believe make sense. Let’s get into it. When it comes to undertaking duplex and dual occupancy …
Shortages of listings, rentals and approvals driving the property market: Hotspotting's Terry Ryder Multiple factors are driving our real estate markets but it can all be distilled down to this: we have shortages of everything. Why are prices rising? Because there’s a shortage of listings, relative to buyer demand.Why are rents rising? Because there’s a …
In Victoria, subdivisions are controlled through the planning system. While the Subdivision Act principally focuses on the technical aspects of subdivision approvals, the planning system ensures that land is used and developed in a sustainable manner, having regard to a range of environmental, social and economic considerations. Subdivision is complicated and has certain legal requirements. …
Continue reading What is the subdivision application process in Victoria?
Buying a property to renovate and resell on the market can be a very lucrative undertaking, but it does not come without its potential pitfalls. Like any other rewarding activity, solid preparation and information will help you make the right decisions and take the necessary precautions. Moreover, harnessing the knowledge of real estate investing and …
Continue reading Advantages and Disadvantages of Fixing and Flipping Real Estate
Department of Transport (VIC) Whilst many people probably aren’t sure what the crossover is, everyone has one on their property. A crossover is part of your driveway that crosses from your property boundaries to a council or State-controlled road. Single Garage Design (IDM) If you want to construct or alter a driveway crossover, you may …
A building surveyor is involved for the duration of the building work. They ensure the building work complies with legal requirements and they issue the building permits that allow work to commence. Building surveyors carry out inspections (or have a building inspector carry out inspections on their behalf) to ensure building work is being undertaken correctly. They also issue an occupancy permit or certificate of final inspection when the work is completed.
Go on, admit it. There’s nothing quite like the sight of a bulldozer hard at work demolishing an old house. The crack of timber, that last, dizzying moment just before the final upright beam falls. It’s even better when it’s your very own development site. BUT… before you get on the phone to the demolition …
This article was originally written by Terry Ryder from Hotspotting. Terry is of the view that City based investors in search of cheaper properties are investing in regional areas without considering long terms impact of their investment decisions.
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