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Today we had special guest Bryce Yardney on the show!
Bryce heads up the Property Development division at Metropole. He is currently leading 40+ development projects for clients (some shared clients with Long Property), and he is a wealth of knowledge when it comes to the site feasibility/ due diligence process, acquisition, town planning, construction and more.
Metropole has been developing properties for clients for decades. Together with their network of relationships, this experience helps clients avoid the most common pitfalls associated with development… buying poorly, not correctly/ adequately planning for costs, encountering problems with their builder, etc.
Bryce discusses the following points in detail:
- The rationale behind a long term buy/develop/hold (rather than ‘sell’) development strategy
- The capital cities to consider developing in, plus how to find a development friendly council and attractive site
- Mastering 2 unit developments, and then replicating the process – not necessarily having to move onto larger or different forms of development
- Development feasibility – what profit margins and internal rates of return should you be targeting, and how do you calculate these metrics accurately?
- Top tips for people thinking about getting started in property development
Is now a good time to get started in development… is it a good time for buying sites?
Bryce explains the reality of being in a buyers market, and he shares insights ‘from the coalface’ in terms of the attractive buying opportunities he’s currently seeing.
I’m excited about this episode as it’s packed with invaluable insights for listeners. Enjoy the show!
If you have specific questions you can email hi@longproperty.com.au and we’ll respond within 24 hrs. You can contact Bryce directly via Metropole.
If you like the episode you can subscribe to our Long Property Show here.
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The Long Property Show provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing in the Long Property Show constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
