Is financial independence just a myth, a distant fantasy that taunts us from afar? It's a question that's likely crossed your mind more than once, am I right?

I'd wager a bet that if I polled a crowd, a whopping 90% would nod in agreement. And you know what? They're not wrong.

Because let's face it

How on earth can you carve out a path to financial freedom when you're knee-deep in helping someone else achieve theirs? It's a dilemma many of us grapple with on a daily basis.

But here's the thing

There's no rulebook that says you can't shift gears and start working towards your own financial goals. None whatsoever.

The truth is, all it takes is that initial leap of faith – that decision to take control of your financial destiny and pave your own way to prosperity.

And in today's economic climate, where every rate hike and uptick in living costs feels like a blow to the wallet, the need to secure our financial futures has never been more pressing.

I mean, think ab...

In the thrilling and often complex world of property development, building a strong team is crucial for success. And there's one team member who often stands out as a key player: your real estate agent.

Let's dive into why these professionals are not just helpful, but absolutely essential in your property development journey.

The Treasure Hunters of Property

Real estate agents are like your personal treasure hunters. Their role goes far beyond just listing and showing properties.

They have a knack for uncovering hidden gems that align perfectly with your investment goals and strategies.

Whether you're looking for a fixer-upper with great potential or a prime piece of land for development, they know exactly where to look and how to secure the best deals.

Sales Superstars in Your Corner

When it comes to selling your developed properties, a real estate agent is invaluable.

They don't just sell; they know how to market.

This includes staging homes, crafting compelling listin...

In the dynamic realm of property development, success hinges on meticulous planning and strategic foresight. At the heart of this process lies the development plan – a comprehensive blueprint that dictates the parameters of a project and charts its course towards fruition.

What is a Development Plan?

A development plan serves as the guiding light for property developers, delineating the permissible actions and restrictions pertaining to a specific piece of land or property. It encompasses a myriad of factors, including design specifications, land use regulations, environmental considerations, and more. Essentially, it lays down the groundwork upon which the entire development endeavour is built.

The Role of Development Plans in Site Utilisation

Central to the efficacy of a development plan is its ability to optimise site utilisation. By meticulously assessing zoning laws, regulatory frameworks, and community standards, developers gain invaluable insights into the feasibility and po...

Embarking on a property development venture as a beginner can be both thrilling and daunting. Navigating this landscape requires a blend of research, strategy, and an understanding of current market trends. It's akin to a treasure hunt, where the goal is not just to find any treasure, but one that aligns perfectly with your goals and capabilities.

Thorough Research: Finding Your Deal

The first crucial step in this journey is thorough research. This involves understanding local property markets, zoning laws, and potential growth areas. Valuable resources such as websites, real estate reports, and market trend analyses should be leveraged. Additionally, networking with industry professionals can provide insights into market dynamics and emerging opportunities.

Smart Strategy: Plotting Your Plan

Once armed with knowledge, the next step is to develop a smart strategy. This starts with setting clear, realistic goals. Are you looking for a quick flip or a long-term investment? Your strat...

As the year draws to a close and businesses wind down for the Christmas break, it's the opportune moment to step back, relax, and prepare for the possibilities that lie ahead in the new year. While the festive season encourages us to switch off and rejuvenate, it's also an ideal time to reflect on the trends that have shaped the Australian residential property market in 2023.

The Impact of Interest Rate Rises and Inflation on Consumer Confidence

The dynamics of the property market have been significantly influenced by external factors, most notably interest rate rises and inflation. These economic shifts have had a profound impact on consumer confidence, prompting both prospective buyers and sellers to reassess their positions.

Interest rate hikes, although aimed at curbing inflation, have introduced an element of caution into the property market. As the cost of borrowing increases, potential homeowners may find themselves reevaluating their financial commitments. On the fl...

As schools nationwide close their doors for the December and January holidays, parents everywhere are bracing for the annual challenge. The long vacation period often brings a mix of joy and stress, especially when it comes to arranging childcare or keeping tabs on our independent teenagers.

But, what if I told you there's a way to manage this juggling act without the added stress?

✦ The Power of Flexibility in Property Development

One aspect of property development that I absolutely cherish is its extraordinary flexibility. This isn’t just about being able to pick your working hours; it’s about integrating your professional life with your personal one in a harmonious balance.

✦ Being Present Without Compromise

Imagine being able to tailor your work schedule around your children’s activities. Being there for them when they need you most, all while keeping your property development projects moving forward. It’s the ultimate win-win scenario, offering the freedom to b...

When it comes to property development, one factor stands out above all others: location. The success of any property development project heavily relies on the careful consideration and selection of the right location. In this article, we will explore why location plays a pivotal role in property development and why it should be a top priority for any developer..

"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world." - Franklin D. Roosevelt, the 32nd President of United States of America

Accessibility and convenience

A prime location is characterised by its accessibility and convenience. Properties situated in areas with easy access to transportation networks, major roads or highways, public amenities, and essential services tend to attract a larger pool of potential buyers or tenants. That’s why it is highly important to recognise the val...

How to access equity to fund a property deal?

You have found the site.

You have crunched the numbers.

You are ready to get started.

But...

You need to fund it!

One of the first things to do when considering doing a development is to work out how to get access to equity to fund your deal.

This was one of our greatest hurdles when we first started. 

We had to sit down and explore all our finances before jumping into developing our first development. 

The takeout here is that this is the first hurdle to jump straight over!

There are a number of ways to free up equity to fund a project. 

Here are some tips and ideas to consider to help you do just that.

Refinance your existing mortgage

If you own your own home, one option is to refinance your existing mortgage.  

This is how my husband financed our first property development.

It sounds like a bold move... and it is.

But if you do your numbers right, the risk is low and it will allow you to use the equity in your home to fun...

We all need money to survive.

Especially in today’s competitive world. 

Where recently life has become expensive and living costs are on the rise. 

The cost of food is higher.

Flights, fuel, and travel have become more expensive. 

Add to this the extra costs that didn’t exist for the generation before us.

Such as the need to keep up with consumer technology, COVID debt, and higher tax bills.

Plus, it's important to also think about life after work.

Will you be able to live off your superannuation? How much do you need? Will the government change the rules?

The list goes on!

It’s no easy road and it can feel like you are living from paycheck to paycheck.

Facing the impossible task of trying to get ahead.

This is exactly where my husband and I were six years ago.

It was this feeling that motivated our desire and motivation for change.

That forced us to change our relationship with the money we earn and our respect for how we used it.

It was uncomfortable to make this chang...

Are you ready to start your first development?

A question I get asked but a lot of my students is...

Am I ready to do a deal?

This is SUCH an important question!

It's also one that many don't consider before jumping into a development.

If you're new to property development, one of the biggest challenges you'll face is understanding if you're financially ready to take on a project.

With so many different costs and expenses to consider, it can be hard to know where to start.

To be ready you must have a strong understanding of your revenue streams, expenses, and debts.

It's important to understand:

• your lifestyle
• family financial commitments
• the impact it could have on these things.

When I started out I spoke to professionals, banks, financial advisors, and friends who had experience on where and what these impacts might be.

As detailed below, the common advice I received was to consider the following five areas, and to understand a resulting financial position.

I hope t...