Property Developers Team is a fully licensed buyer’s agency in NSW, Australia. We provide professional buyers agent services to first-time and advanced property developers.
Property Developers Team is a fully licensed buyer’s agency in NSW, Australia. We provide professional buyers agent services to first-time and advanced property developers.
Understanding town planning requirements allows you to calculate the yield of the site. In other words, what you can fit on the block.
This information is in a local council Local Environmental Plan (LEP) and Development Control Plan (DCP). These two documents outline the rules on what is permitted to be built on any site. It outlines any constraints and additional requirements of the area due to its geographical position or environment, e.g., bush fire or flood zone. It also outlines the council’s long-term housing choice, infrastructure, and future development plans.
The architects, town planners, or land surveyors that work with the Property Developers Team are seasoned professionals with proven track records of success. They understand these regulations and work with you to figure out a realistically viable property development project that you want to build on the site. Our established relationships with them allow us to efficiently complete our due diligence to successfully acquire the development site for you as soon as possible.
This is about the numbers. Select land with the most development opportunities and the highest return from all the available options, given your financial status. This also involves calculating the best return on investment by comparing expenses, development costs, and sales values between several development strategies available.
Should you build 2x luxury duplexes or 4x townhouses? The solid builder or quantity surveyor will nail the development cost for you in this process. Property Developers Team has nurtured relationships with several builders and quantity surveyors over the years. We employ their expertise and unbiased advice on potential development costs and site restrictions. They can advise you on exactly what will increase or decrease acquisition and development costs and determine if a site is even worth pursuing.
We can get you all your answers in a short time and beat the competition to secure the site fast.
In property development, land acquisition price is not determined by comparable sales. It is determined by the potential sales value of the new product less the overall project cost.
Where are the desirable locations? Where do people want to live? What does the difference in sales depend on in commercial vs. residential areas? You want to build the types of property in the area that it is most suited to.
At Property Developers Team, we have seen examples of great projects set in the wrong areas, such as residential projects built far from public transport. Or cheap sites for sale only to find out later plans to schedule 5G upgrades next door. You need a team to conduct the proper due diligence to map out the possible effects surrounding development projects might have on your property.
Are you comparing apples with apples? Ensure you are constantly comparing similar products when seeking comparable sales.
For example, consider a small boutique apartment block with only 18 apartments. If sales of each apartment drop just by $30,000 from $670,000 to $640,000, that’s a total loss of $540,000 in revenue.
With the Property Developers Team, we assess dozens of development sites per month and have a sound understanding of the future sales value of your eventual real estate project. We also have a team of loyal and trusted agents in the area to cross-check sales appraisals.
There are three high costs in property development. The highest cost is the cost of construction, followed by acquisition costs, then all other expenses such as professionals’ fees, council fees, holding costs, and GST. The Property Developers Team accurately estimates costs in advance and includes them in your budget plan.
In most cases, construction costs account for the most significant expense, far exceeding the cost of actual land acquisition. Therefore, it is crucial to estimate it timely and precisely. Property Developers Team works with only the most carefully selected builders willing to estimate potential build costs from a very early stage.
In the past, our builders have provided quotes only working from preliminary concept plans. Our quantity surveyors also offer services for a fraction of the cost.
Professional costs include your purchase and sale expenses, Development Application and Construction Permits, and Property Marketing. The Property Developers Team assesses projects that vary from luxury duplexes of 15 townhouse development to small boutique apartment blocks with up to 30 apartments. Our experience in such a broad scope of projects allows us to estimate costs suggested by all our professionals accurately. This means no nasty unexpected invoices!
Negotiation is a necessary skill throughout a project. Being calm and confident enough to react at the right time when the price is appropriate is imperative. Many real estate agents are well trained in sales, and it is just as vital for you to have a trained professional to get you the best price or help you go through the necessary training yourself.
Real estate is a people business. Understanding other people’s needs and finding win-win solutions is a skill that is acquired by actual learning and testing in the field. The Property Developers Team is constantly looking for development sites. We work closely with real estate agents and also engage directly with potential sellers.
Our negotiation skills are paramount in this process. Because of this, our development sites are often bought off-market at a lower rate than you might otherwise be talked into buying for a larger price.
Much more investigation and research are needed when it comes to property development than when buying a standard investment property. As a developer, you may be negotiating option deals or extended settlements, or unusual contract terms. Another level of complexity can be off the plan sales contracts and individual settlement contracts when completing presales. Therefore, you must have a legal team that specializes in property that can execute these.
Other legal considerations include the structures you use for investments and business. Do you purchase in the company or trust? Should the trust have a corporate trustee? Another consideration is asset protection with bulletproof business structures that keep you and your business partners’ safe.