Episode description

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Hey, Legends! Welcome back to The Building Talks Podcast, and Episode 3 of our special How to BE a Property Developer Series with me, Martin Preece, and our expert guest for all seven episodes, Steve Chandler.

This week, we’re tackling feasibility studies—one of the trickiest parts of property development! Last time, we covered acquisition; now we’re diving into the ins and outs of feasibility. Steve breaks down the three essential types of feasibility: the initial high-level look, the more detailed 'static feasibility', and the all-important 'cash flow analysis' that ultimately determines if a project’s worth pursuing. We also talk about the various consulting costs, insurances, and financial intricacies that come into play.

It’s a packed episode full of valuable insights into what it truly takes to turn a dream project into a reality—or to know when to walk away. So if you’re eager to learn the real costs and work involved in development, tune in!

Takeaways:

• Due diligence is a must for the acquisition process.
• Feasibility studies reveal if a project is worth pursuing.
• Cash flow is key to avoiding financial slip-ups.
• Knowing your contracts helps reduce risks.
• Development plans need to meet market demand.
• Option agreements can secure sites without upfront cash.
• Right consultants lead to accurate feasibility outcomes.
• Revenue is a game-changer in feasibility studies.
• Every part of development connects and impacts the rest.
• Good planning and risk management drive successful projects.

Hope you enjoy the podcast!

The Building Talks Podcast is brought to you by Building Environs Recruitment - providing recruitment solutions to the property, construction, and related industries, here in Melbourne and Southeast Queensland.  For an overview of our service, visit:

www.buildingenvirons.com.au

Don't forget to follow us on LinkedIn, Facebook, Instagram, and subscribe to The Building Talks podcast so you don't miss any updates. 

Also, if you're considering a journey towards becoming a Property Developer, Steve is the go-to guy in this space - reach out to him at:

www.propertydevelopmentinstitute.com

The views and information shared in this podcast are for general purposes only and do not constitute legal or professional advice. Neither the host nor guests are providing specific guidance. Please seek professional advice before taking any action based on the content of this podcast.

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