79 – Adapting your property development to an alternative use

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By Justin Gehde. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Building to sell is the classic model that property developers often follow. They create value, realise the gain and then recycle their capital and do it all again. But when market conditions change this may dramatically impact the bottom line and render this model unviable. So what do you do if you are starting a project or half way through?

Well, one option may be to repurpose your project and exit that way, or you could choose to hold on to the stock and ride out the change.

Adapting your stock to longer stay accommodation might be a model that suits your needs. It enables stock to be held longer without huge changeover costs, and can create an appreciating asset base with good cash flow.

I am speaking with David Whelan from Urban Rest Apartments about how they are working with developers to convert their projects from build to sell and turn them into higher yielding assets.

Becoming a developer

Head over to www.propertydevelopertraining.com and take the quiz to see how ready you might be to become a property developer.

Links

Urban Rest Apartments – https://www.urbanrest.com.au

81 episodes