In this week’s episode, Hilary and Bob discuss what you need to know about your development approval. Bob delves into common misconceptions about DAs, highlighting key aspects that listeners should be aware of to ensure their projects are on the right track. They aim to educate listeners on the nuances of the development approval process, preparing them for potential pitfalls. So if you are thinking about property development and want to learn about the common pitfalls and make sure your project stacks up, you won’t want to miss this week’s episode! Available on: Spotify, Youtube and all your audio streaming platforms.
To join us at our upcoming workshop, click the link below or head to our website and go to the Events tab: https://www.propertymastermind.com.au/3-day-live-workshop/
Episode Highlights:
- Upcoming Property Development Workshop [01:06]
- Bob’s tip of the day [03:12]
- Starting with Development Approvals [04:30]
- Current Market Trends and Feasibility [06:05]
- Importance of Feasibility in Development [07:00]
- Retail vs. Commercial Finance [09:04]
- Non-Bank Financing for Developments [12:02]
- Development Permit Process [15:04]
- Importance of Accurate Feasibility [18:26]
- Time Lag Between Purchase and Construction[21:01]
- Providing Comprehensive Feasibility to Valuers [25:16]
- Real-Life Examples of Feasibility Errors[28:20]
- Wood Duck Scenario in Property Development [31:32]
- Avoiding Common Mistakes in Development [33:10]
