EP 166: What You Need To Know About Your Development Approval

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! 

Development approvals (DAs) are a crucial aspect of property development that can significantly influence the success of a project. To navigate the complexities of DAs, it is essential for developers, investors, and stakeholders to understand the various components, processes, and potential pitfalls associated with them.

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]

About Hilary Saxton

Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need.

Bounce Back Better Podcast: https://episodes.fm/1707096100

About Bob Andersen

Bob Andersen (known in the property industry as “The Deal Maker”) is a Property enigma. When it comes to creating financial freedom for his followers, his “thinking” is refreshingly simple. He has the ability to make the seemingly complicated, uncomplicated. Bob has changed the lives of so many people by training them to use property development as a vehicle to build substantial cashflow and long term wealth. This in turn, has given them control over their lives and a lifestyle they could previously only dream about. It has been said that Bob has created more property millionaires in Australia than any other educator / mentee out there through his highly acclaimed property development courses. Thank goodness for Bob! Because there are way too many so-called Property education experts out there. Several, even past students, have ‘borrowed’ Bob’s material in an attempt to ‘be Bob’. As Bob says, “I must have done something right, but you can’t ‘borrow’ over 35 years of experience and over $1 billion worth of projects spread across all states of Australia and in all stages of the property cycle”. 

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