Three Things to Look for in a Property Developer

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A property developer discussing with a clientThe property market of Australia is as robust as ever. Between 2018 and 2021, industry prognosticators predict market upswing in property hubs such as Sydney (3%), Melbourne (6%), Adelaide (9%), Canberra (10%), Perth (10%), and Brisbane (13%).

If you wish to benefit from this anticipated growth through investment, working with the industry’s best property developers is in your best interest. Here are three crucial considerations you must not omit.

Academic Background

Although there are no specific academic requirements for aspiring or practising property developers, the best ones tend to have a business-related or a real estate-related degree, such as a Graduate Certificate in Property and Development.

This allows them a considerable head start, which, in turn, will allow you as a client to rest easy knowing you are working with someone knowledgeable in their chosen field.

Professional Affiliations

It always pays to ask your potential developer about their current and past professional affiliations. These include firms they previously worked for as well as real estate corporations they have close ties with.

This is especially true if the said developer is a free agent. Information such as this will provide insight into their professional practice’s level of legitimacy.

Portfolio of Services

Investing in property takes a lot of work. From scouting the best listings to closing a deal, expect to be inundated in paper works and legalese.

This is why it is important to partner with a developer who can actually work on your behalf throughout the entire process. As opposed to, let’s say, a real estate agent who can only help you with your search but not with processing necessary legal documents.

Realistically speaking, deciding to invest in the real estate market is not a walk in the park. But, it does not have to be an uphill climb either. With the help of an experienced and knowledgeable property developer, you can rest assured that you will be guided safely through your journey.

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