Finance Application

Property development requires a solid understanding of financing and this starts with understanding your own financing position. We will ensure that your property development goals match your ability to deliver the project and if they don’t align, we can propose alternate solutions.

Financiers have prescribed development criteria that need to be achieved in order to fund projects and we ensure that any project that progresses to a funding stage can demonstrate these outcomes.

Getting finance approval can be tedious, we assist you in making this process easier, we can link you with high quality lenders who understand the complexity of property development and if required, introduce you to joint venture partners if the scale of a project is too large for you to handle alone.

Site Investigation

Selecting the right property can mean the difference between a development being profitable or not.

There are many site-specific constraints that may impact on your ability to develop a property and it is critical that these constraints are understood prior to purchase.

Some examples of the typical types of constraints may include:

• Heritage
• Bushfire
• Flood
• Planning & zoning controls
• Development controls
• Neighbouring structures
• Local character
• Environmental constraints
• Social factors
• Flora and fauna
• Easements and covenants
• Essential services – sewer, drainage, water, electricity
• Slope
• Soil composition
• Solar orientation

We offer a service to our clients to inspect a property prior to purchase to ensure that there are no constraints and if there are, we can discuss mitigation strategies accordingly.

Feasibility

After we have located and identified the specific risk factors for a property, we can then start to make some preliminary assumptions, based upon our experience on the indicative financial figures for a project.

We will present you with the indicative investment returns and benchmark against your development strategy.

Disclaimer:

The information on this website has been prepared without taking account of your objectives, financial situation or needs. Because of this, you should consider its appropriateness, having regard to your objectives, financial situation and needs and if necessary, seek appropriate professional advice.

As with all investments there are a number of factors that could potentially impact the Investors’ returns from their investment in real estate. By their very nature, the risks involved with property investments (particularly property development related investments) cannot be exhaustively categorised.

No guarantee is or can be given that your investment will not decrease in value. There are a number of risk factors that should be carefully considered by the Investor/Client, including those which are outside our control.

Due Diligence

There is no more important consideration in property developing than doing your homework on a potential property.

Understanding what local factors driving a particular location will determine whether your development is likely to be a success. Typical considerations include proximity to:

• Demand vs supply
• Product suitability
• Price point
• Zoning & development constraints
• Demographics
• Availability of essential services
• Employment
• Quality education
• Future infrastructure projects
• Shopping
• Transport
• Health services
• Cultural hubs

We also explore less obvious development factor such as:

• Government grants
• Taxation incentives
• Local and state planning incentives
• Financing opportunities & constraints

Hypothetical Development Report

After we have located and identified the specific risk factors for a property, we prepare a ‘Hypothetical Development Report’, setting out the opportunities for the site. This report will investigate conditions such as:

• Project key personnel
• Property overview
• Feasibility snapshots
• Planning controls
• Current market activity
• Suburb growth charts
• Demographic information
• Public transport & local services
• Planning pathways
• Environmental constraints
• Indicative development calculations
• SWOT analysis
• Land comparables
• Sales & rental evidence
• Risks & risk mitigation

This detailed report can be used for prospective investors and financiers.

Land Acquisition

Land acquisition is a key component for successful property development. We can assist you in negotiating on price, settlement terms and even discuss the broader picture of timing in the marketplace.

Corporate structures may also need to be set up prior to the acquisition of land.

Design & Planning

The most successful developments are those that integrate the skills of architectural design, urban design and town/environmental planning. Utilising the skills of these disciplines will mitigate project risk whilst maximising highest and best use outcomes.

We use a combination of ‘in house’ expertise and third-party consultants, depending on the type and scale of the project.

Approvals

Every project requires some form of development approval. Depending on the scale of the project, approvals can be tedious, especially considering that there will be multi-jurisdictional approvals on most development sites.

There are planning pathway options depending on the type and scale of the proposed development, we will determine which pathway to take depending on timing and cost efficiencies to mitigate against holding costs.

We will look after all of this for you as part of our holistic planning and approval services.

Finance Approval

Many of our clients have their own financial advisors managing the finance approval process, however, if you do not, we may be able to assist you.

Our network of mortgage brokers have arranged hundreds of millions of dollars in loans and they know that the smartest approach is looking at all aspects of a mortgage to get you the best deal, not just the current interest rate.

With a real understanding of your specific goals, our team can recommend the most appropriate loans and lenders that will maximise flexibility, minimise your risk and make sure you secure the best loan facility, tailored to your needs.

Construction Management

We will appoint an experienced management and construction team, dedicated to you and your project. Responsibilities of the head contractor include:

• Stakeholder management
• Buildability
• Project control
• Procurement
• Maintaining communication channels
• Manage contract documentation
• Cash flow management
• Proactive WH&S compliance
• Site supervision
• Variations management
• Quality assurance
• Commissioning and testing
• Coordination of final accounts
• Defect inspection and reporting

A head contractor will be appointed to the project under our management. Depending on the scale of the project, construction may be split into various parts.

Sales / Property Management

Sales Management:

• Source, screen, recommend suitable agent
• Manage all contractual obligations

Property Management:

• Source, screen, recommend suitable tenants
• Manage all contractual obligations
• Manage the collection of rents and utility payments
• Conduct regular site inspections
• Manage all statutory paperwork for you, ready for annual tax returns
• Manage property maintenance as it is required