Are You A Deal Maker or a Deal Breaker?

If you think about the largest market in the Country, or even the World, it would almost always be considered Property. Property is a commodity in which the majority of the population seek to own or rent. It is usually the largest purchase any individual will ever make in their life and its market has the most volume of funds flowing through it. There is a reason why property equates to 25% of most of the world’s rich lists wealth.

At this moment in Australia, many studies have been conducted which indicate we are in an incredibly vulnerable state in regard to the high levels of housing shortages. The rapid growth rates are increasingly stretching the high demands for housing that trend with growing numbers of immigration and population density. As a fast growing nation this undersupply is crying out for more key people to take action and build homes. Whether it concerns you or not, there is a need for all human beings to be sheltered by the comfort of a home.

Now I understand the thought of property development can be quite daunting because the general perception of it is mainly incorrect. For most people, when they hear ‘property development’ the more common thoughts that first pop into our minds are skyscrapers, Donald trump, dollars etc. In fact, property development can be any of those things, but more generally it is to create value.

Creating value could simply be taking a block of land and building units, apartments or one single house; it might involve purchasing a run-down property and renovating it for a profit. The most important thing about property development is that we make profits! Otherwise we do not go ahead with the deal.

The best way I can describe property development is -

The process of strategically building a team to successfully execute and carry out a well thought up plan to increase, create, or add value to an existing parcel of land or building.

It is not always the developer’s role to accomplish all the physical work associated with the deal, but more importantly to project manage or coordinate other people in fulfilling each different stage. The developer is paid such a rewarding dividend because of their creativity, outlay in risk, and the confidence and determination it takes in executing a deal. A great nickname for a Property Developer is ‘Deal Maker’. We make deals happen.