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”.

Connect with Property Mastermind

Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind
Property Developer Secrets and Hacks Facebook group: https://www.facebook.com/groups/2581187315284341
Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach
Instagram: https://www.instagram.com/propertymastermind/
YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA
Property Mastermind Website: https://www.propertymastermind.com.au/

Ep. 175: How Assumptions Can Cost You Money In Property Development

In this week’s episode, Hilary and Bob discuss how assumptions can cost you money in property development. They dive into the potential pitfalls of making assumptions and how it can lead to significant problems if due diligence is overlooked. They also emphasise the importance of thorough follow-up and critical thinking in property dealings and interpersonal interactions. Tune in and learn from real-life mistakes and how to avoid those costly pitfalls!

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Ep. 174 – How Much Money Can You Realistically Make In Property Development

In this week’s episode, Hilary and Bob dive into the question: how much money can you realistically make in property development. They discuss various types of projects, the impact of location, and the importance of understanding profit margins. They also highlight the differences between duplexes, townhouses, and larger developments, as well as strategies for maximising profits through effective financing and investment approaches.

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Ep. 173: From the NRL To Property Developer (with Gary Martine)

In this week’s episode, Hilary and Bob talk with a previous mentoring student Gary Martine. Gary shared insights from his diverse journey and emphasised the importance of relationships in achieving success. Also highlighting how these connections have played a crucial role in both Bob and Gary’s life.

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Kind Words From Our Students

Peter O’Meara

"It was very up to date and concise."

I found the course to be of great benefit to me…. taught me many aspects of developing that I had not considered. It was very up to date and concise.

David Kelly

"The value is staggering."

The course is extremely detailed covering all aspects of the development process from real projects Bob has undertaken. The value is staggering.

Robyn Wawn

"From Bob’s training, I learned there is more than one way to skin the property development cat."

From Bob’s training, I learned there is more than one way to skin the property development cat. I purchased my property with no money and leveraged off creative ways to finance its development and to take it in stages to reach its full potential. I am also team-building with the right professionals to delegate to who provide value for money to get the project underway and stay on track.

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