Australian Residential Property Development for Investors

379 Pages·2015·2.532 MB·English

by  Forlee, Ron

AUSTRALIAN
RESIDENTIAL
PROPERTY
DEVELOPMENT
INVESTORS
FOR
IMPORTANT INFORMATION
FOR PROPERTY INVESTORS:
• SITE SELECTION
• MAXIMISING YOUR PROFIT
• AUTHORITIES, APPROVALS,
ZONING AND FINANCE
• MARKETING AND SELLING
RON FORLEE
Author of AN INTELLIGENT GUIDE TO AUSTRALIAN PROPERTY DEVELOPMENT
and AUSTRALIAN RESIDENTIAL PROPERTY DEVELOPMENT

AUSTRALIAN
RESIDENTIAL
PROPERTY
DEVELOPMENT
INVESTORS
FOR

AUSTRALIAN
RESIDENTIAL
PROPERTY
DEVELOPMENT
INVESTORS
FOR
RON FORLEE
First published in 2015 by Wrightbooks, an imprint of John Wiley & Sons
Australia, Ltd 42 McDougall St, Milton Qld 4064
Office also in Melbourne
Typeset in 11.3/14 pt ITC Berkeley Oldstyle Std
© Sandale Pty Ltd 2015
The moral rights of the author have been asserted
National Library of Australia Cataloguing-in-Publication data:
Creator: Forlee, Ron, author.
Title: Australian Residential Property Development for
Investors / Ron Forlee.
ISBN: 9780730315094 (pbk.)
9780730315100 (ebook)
Notes: Includes index.
Subjects: Real estate development — Australia.
Real estate investment — Australia.
Dewey Number: 333.73150994
All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for
example, a fair dealing for the purposes of study, research, criticism or review), no
part of this book may be reproduced, stored in a retrieval system, communicated
or transmitted in any form or by any means without prior written permission. All
inquiries should be made to the publisher at the address above.
Cover design by Wiley
Cover Image: © psynovec/Shutterstock.com
Printed in Singapore by C.O.S. Printers Pte Ltd
10 9 8 7 6 5 4 3 2 1
Disclaimer
The material in this publication is of the nature of general comment only, and does
not represent professional advice. It is not intended to provide specific guidance
for particular circumstances and it should not be relied on as the basis for any
decision to take action or not take action on any matter which it covers. Readers
should obtain professional advice where appropriate, before making any such
decision. To the maximum extent permitted by law, the author and publisher
disclaim all responsibility and liability to any person, arising directly or indirectly
from any person taking or not taking action based on the information in this
publication.
To my father, Gordon Forlee, who passed away this year, 2014 — your strong
cultural beliefs and honesty are embedded in my memory forever.

Contents
About the author ix
Acknowledgements xi
Preface xiii
1 An overview of property development 1
2 Characteristics of a successful developer 23
3 The development process and participants 43
4 Development site selection 69
5 Negotiation and purchasing 95
6 Making the numbers work 113
7 Development economics 129
8 Utilising modern technology 153
9 Raising development finance 177
10 Raising equity finance 197
11 The development approval process 217
12 The construction process 235
13 Marketing and selling 251
14 Residential land development 271
15 Villas and townhouses 301
16 Apartment developments 325
Conclusion 349
Index 355
vii