EP 154: The Future Of Property Development

Scarcity in property development is a significant issue that is currently affecting the housing market. The demand for dwellings, whether it be houses, apartments, or land for building, is far exceeding the supply. This scarcity is creating challenges for property developers, both experienced and new, as they navigate the competitive and rapidly changing landscape of the real estate market.   One of the key aspects of property development is creating dwellings for people to live in. Whether it is through renovating existing properties, subdividing land, or building new homes, property developers play a crucial role in meeting the housing needs of the population. However, with the national shortage of dwellings, developers are facing increasing pressure to deliver quality housing in a timely manner.   In this week’s episode, Hilary and Bob discuss the future of property development. They reflect on what's working, what's not, and how to prepare for the future. They touch on the importance of due diligence, sharing a personal incident where neglecting this led to significant fines. Despite the setbacks, they emphasize the value of thorough research in property development. So if you’re a property developer looking to stay ahead of the game, you won’t want to miss this week’s episode!  Resources:  To register for this Saturdays FREE Masterclass, click here: https://www.propertymastermind.com.au/property-development-foundations-masterclass/   To learn more about our Joint Ventures Workshop we have coming up, please click here: https://www.propertymastermind.com.au/joint-ventures-workshop/   Or to speak with us directly, click here: https://www.propertymastermind.com.au/schedule-an-appointment/ Episode Highlights:   Bob's Incident with Due Diligence  [00:40] Current Market Scarcity [03:37] Role of Small to Medium Developers [05:26]   Post-COVID Market Adjustments [08:59]   Importance of Education and Due Diligence [13:03] Future of Property Development [15:16]  Robotics in Various Industries [18:03] Eco-Friendly and Smart Homes [20:08] National Housing Shortage  [21:08] Final Thoughts and Upcoming Events [24:22]  See omnystudio.com/listener for privacy information.