Real Estate Development - When Is The Right Time To Get Started In Property Development?

There is a lot of media coverage about real estate right now. Real estate arrears and repossessions are on the rise, and real estate prices are falling. It almost seems like the sky is about to fall! This has led to many property investors and real estate developers leaving the market. It is scary times for anyone who wants to get into real estate development.

In reality, what may seem like the worst time for real estate development could actually be the best. Today's successful real estate developers realize they can make the most of time. Their real estate development projects won't be available for rent or sale for two to four years after their inception. If they have done their research well, it is less likely that they will be affected by economic conditions at the time they purchase their real estate development property.

A weak market is actually a paradise for real estate developers, as a weak marketplace is a buyer's markets. Therefore, it is important to secure a site that is viable and on the best terms possible before any homes for sale in sedona estate development project can begin.

We know the real estate industry is highly cyclical and that many areas of the world are experiencing a property slump. However, history has shown that skilled real estate professionals are successful in every market, whether it's flat, rising, or falling.

We are working towards the conditions we expect to see in 12 to 36 month. We are active in the market and have applied for Council approval to develop a few real estate projects. This allows us to quickly act and construct our approved real estate developments projects as soon as the market becomes buoyant.

We believe that these market signals will be key to future opportunities for real estate developers, particularly in the future.

* The rising demand for housing. BIS Shrapnel Chief economist Frank Gelber, an Australian economics expert, stated that Australia's housing market will experience a 30%-40% increase in the next five-years due to the housing shortage.

* The Federal Government is currently stating that they will increase Housing Affordability. They have started to announce tax credits of $6000 per annum if housing is rented at 20% less than market rent.

* We believe an increasing number people will need the rental housing that we are building in the near- and medium-term. It could be their financial stress (cannot afford a home) or demographic trends (Gen-Ys are less likely than other generations to buy Real Estate).

Even if our crystal ball is wrong, we know that we have the resources necessary to keep real estate development sites occupied during any future market fluctuations. And rising rents are definitely helping!

We believe that this is a great time to act, perhaps a once-in-a-generation opportunity. It may not be the right time to sell your completed real estate development projects, but this is a fantastic opportunity to secure the site and get development planning approval. This strategy is not right for everyone. You must have the resources and knowledge to secure the site.

Anyone considering real estate development should consider their financial and personal circumstances. However, the main message is to do something.

If they do not have the funds to finish a project, there are many strategies that small-scale real estate developers can use. These include turning their real estate knowledge into money by finding the best property development sites and possibly taking out an option to the site. Then, selling the 'Development Permit approval' to someone with the necessary resources.

Real estate professionals who are successful know that opportunities like these rarely come around often, so they take action to make sure they don't miss them.

No matter your financial situation, now is the best time to use your real estate knowledge to generate future or current income. Do not hesitate to contact us if you have doubts or would like to be guided by an experienced mentor in real estate development. You don't have time to waste.