fbpx

To Find Out More, Call 1300 729 550

Property Development Research Tools – Part 2

In my last article, I discussed useful tools for property development that require payment. In this article, I will touch on useful tools that cost nothing. 

Council Websites:

As I work closely with students in my property development mentoring program it never ceases to amaze me the variation around the country regarding the amount of information on council websites. A good website would have the following features. 

  • A copy of the planning scheme Applications. 
  • View past development applications and track current applications.
  • Property Details. View zoning, lot size, lot and registered plan number.
  • Mapping including zoning, contours and overlays such as flood, overland flow, environmental, heritage, road hierarchy etc.

Google Maps:

I’m sure everyone has used Google Maps. For property developers it is useful for viewing streets, local schools, transport, parks, creeks, measuring distances, locating buildings. 

Google Earth:

Real satellite 3D imagery.

Google Street View:

Views properties from street level. Can view type and scale of structure, slope, impacting features such as trees, power poles, manholes, bus stops etc.

Before You Dig Australia: 

Is a free national referral service designed to assist in preventing damage to various infrastructure networks such as power, sewerage, storm water reticulation, gas, telecommunications. It will tell you the position of services but not the depth. When combined with contour information, the point of discharge for sewer and storm water can be ascertained. 

Market Research:

An essential ingredient of successful property development is too have up to date knowledge of the market you intend to develop in. Below are some websites that can be useful.

Property Search:

The old standards of www.realestate.com and www.domain.com.au are still the standard for searching what is for sale at what price. Open for inspection for townhouses or apartment are a must to see what other property developers are producing and to meet marketing agents. Domain’s suburb profile tool www.domain.com.au/suburb-profile is great for demographics as is their historical sales data site www.domain.com.au/property-profile 

Rental Growth / Yield:

If you are intending to develop stock for the investment market has access to data that calculates annual growth, rental yields and demand. 

Statistics / Demographics:

The Australian Bureau of Statistics offers a number of free packages for statistics, community profiles and demographics.

I have always been interested in the forecasts of BIS Shrapnel. While their detailed reports come at a cost, they release free reports often with a three-year window on the capital cities.

To chat with us further about property development and to learn how we could help you, click here

Kind Words From Our Students
M. Rigoni
M. Rigoni

"You can trust these guys"

You can trust these guys, they are professional, reliable, honest, knowledgeable, problem-solvers; who build a diversified range of quality products that deliver great returns.

 

Elissa Frazer
Elissa Frazer

"Very Impressed!"

The 3 day online workshop was great! So thorough, so knowledgeable and Bob has so much experience to draw from. Very impressed!

Declan Collins
Declan Collins

"Your course is exactly what I need!"

Your course is exactly what I need! You just can’t get good industry knowledge like what you’re giving!

AS SEEN IN

You May Also Like...

What Is the Ideal Profit Margin in Property Development?

What Is the Ideal Profit Margin in Property Development?

LISTEN TO EPISODE
Short Seminar: Property Development

Short Seminar: Property Development

LISTEN TO EPISODE
Property Investing – Armchair Developer Strategies

Property Investing – Armchair Developer Strategies

LISTEN TO EPISODE
Insurance For Property Developers

Insurance For Property Developers

LISTEN TO EPISODE

Ready to Learn More About Property Development?

BE MENTORED BY US
PMM iMac