The Building Talks Podcast - Episode 3: How to BE a Property Developer Series: Talking with Steve Chandler About Feasibility and Financial Insights

Episode 3: How to BE a Property Developer Series: Talking with Steve Chandler About Feasibility and Financial Insights

11/04/24 • 72 min

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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.

Contact The Building Talks Podcast

Follow us on Linkedin, Facebook, and Instagram
Visit us on our website
Email us at [email protected]

Got a question about the show? Click here & Send us a text!

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.

Contact The Building Talks Podcast

Follow us on Linkedin, Facebook, and Instagram
Visit us on our website
Email us at [email protected]

Previous Episode

Talking with Tom Macrokanis about 3D Printing, Robotics, and Revolutionising Construction

Got a question about the show? Click here & Send us a text!

Hey, Legends! Welcome to another exciting episode of The Building Talks Podcast with me, Martin Preece! This week, I had an awesome chat with Tom Macrokanis, founder and director of Macro3D and Macrofab, a fabrication and engineering firm in Victoria.
We dive into Tom’s work at Macro 3D, where he's shaking up the construction world with 3D concrete printing solutions. What's really cool about Tom? He’s not your typical construction pro—his background is in software engineering, and he’s bringing robotics and automation to the industry. We chat about the challenges of introducing 3D printing on-site, the innovation behind it, and the hurdles he’s overcoming in an industry that doesn’t always love change.
Tom’s approach is fresh, exciting, and set to make waves. If you’re curious about how 3D printing is revolutionising construction or want to hear from a young disruptor with big ideas, hit play and enjoy the conversation!
Takeaways:

Tom Macrokanis moved from software development to 3D printing in construction, bringing fresh ideas.
He found 3D printing while consulting, despite having no background in construction.
It’s tough convincing builders, but 3D printing could tackle housing and labour shortages.
The process uses a robotic arm to layer concrete, creating structures without formwork.
Mobile and efficient, it offers custom finishes like smoothing and rendering.
3D printing could cut costs, boost efficiency, and lower carbon emissions.
Despite challenges, it’s a game-changer for the construction industry.

Please note, we had few microphone issues within this episode - but we've done our best to clean it up for you.
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.

Contact The Building Talks Podcast

Follow us on Linkedin, Facebook, and Instagram
Visit us on our website
Email us at [email protected]

Next Episode

Talking with Robert Pradolin about Australia’s Housing Crisis, Compassionate Capitalism, and Private Sector Solutions

Got a question about the show? Click here & Send us a text!

Hey, Legends! Welcome back to The Building Talks Podcast! I’m Martin Preece, and in this episode, I’m diving into Australia’s housing crisis with the insightful and passionate Rob Pradolin. Rob’s a seasoned pro in property development, having spent years with big names like Australand (now Frasers) and leading his own projects since he was 23. He's not only got the know-how but a deep drive to tackle the housing crisis head-on.
We dig into the critical role of the private sector in addressing housing affordability and the intersection of capitalism, corporatism, and social responsibility. Rob, a founding member of Housing All Australians, sheds light on the real impact of homelessness, from how quickly stable housing can be lost to the profound ripple effects on society. He makes a compelling case for private sector involvement, pointing out that solutions can’t come solely from government but need a collaborative push from industry leaders.
If you're interested in understanding how we can work together to combat housing insecurity and drive change for the future, this episode’s packed with insights. So, tune in, and let’s get talking about real solutions to Australia’s housing crisis!
Takeaways:

Compassionate capitalism can support social housing solutions.
Investing in social housing has long-term economic benefits.
The housing spectrum spans crisis accommodation, social, and affordable options.
Education can shift public attitudes toward housing needs.
Business voices are essential in driving housing reform.
Housing solutions need government, business, and community collaboration.
Shared responsibility must shape the housing conversation.
Private sector engagement strengthens public service delivery.
Stable housing supports societal and economic health.
Affordable housing must stay below market rates to remain sustainable.
Trust and empathy drive successful partnerships.
Collective action can create meaningful change in housing.